CFX · two mints share one supply, and the smaller one just got cut.

This is the whole supply story, and it has two halves. Conflux pays miners a fixed 0.4013 CFX for every block, and it pays stakers interest on top — both are brand-new coins, both land in the same supply. Over 90 days miners took 6.22M CFX and stakers took 16.35M, for 22.58M in all. Stakers are the bigger half by more than two to one, and their share is still growing because the amount staked rose from 847.4M to 904.9M CFX across the window. A vote already settled on chain cuts the miner half by 35% on Oct 3 2026, which is why the next 90 days read lower than the last.

There is nothing left to unlock. The genesis release schedule ran out in 2024, and the chain's own supply figures confirm it: the two-year and four-year locked buckets both read zero. No cliff falls inside this window or the next one. A future lock could be created — a 2025 authorisation would put treasury coins into company balance sheets under a four-year lock — but none has been signed, so nothing is scheduled to come back out.

The one wallet we can prove belongs to the project — the address that sent the 2025 burn — was already empty when this window opened. It held 0.25 CFX on Jun 9 2026 and 0.69 CFX on Sep 7 2026, with nothing staked at either end. It emptied itself in early Jun 2026, days before this window starts. Watched as overhang: that now-bare wallet, and the ecosystem allocation behind the 2025 authorisation to place CFX into listed companies' treasuries under a four-year lock — no address published, no deal signed, nothing moved. No public evidence of release in window — monitored.

There is no bankruptcy estate, no trustee and no court-ordered distribution attached to CFX. Nothing sits in this row and nothing is expected to.

There is no buyback. Conflux runs no programme that spends money buying CFX on the open market, and none was announced or executed in this window. The nearest thing in the project's history is the opposite trade: in 2025 a community vote destroyed 76M CFX the project already held, rather than buying any.

Two burns run, and together they are almost nothing. Part of every transaction fee is destroyed — 2,436 CFX over 90 days. The larger half comes from storage: when a sponsor's deposit is returned, most of it is destroyed instead of refunded, which removed 5,467 CFX. That is 7.9K CFX against 22.58M created, so roughly one coin burned for every 2,900 minted. Both were checked twice: the address where destroyed coins would sit held 572,964,410.5 CFX on Jun 9 2026 and the identical figure on Sep 7 2026, so nothing was destroyed that way either.

The project bought no CFX on the market. The only wallet we can prove belongs to it went from 0.25 CFX to 0.69 CFX over the window, which is dust arriving, not demand.

Staking rose over the window — coins committed to securing the chain went from 847.4M to 904.9M, and the wider locked pool from 887.5M to 970.8M CFX. None of it counts here. Coins come back out in about two weeks, so this is not a long-term lock, and the market already treats staked CFX as tradable. Counting it would invent buying that no holder ever did.