CFX · halved block reward, fee + storage burn nearly offsets issuance.
CFX is the native asset of Conflux, its own Tree-Graph PoW + PoS Layer 1 — no supply cap, ~5.21B circulating (~98.7% unlocked).
Sell pressure. PoW subsidy 0.4 CFX / block at 0.5-second blocks plus 3.26% PoS staking issuance ≈ ~14.9M CFX / 90D gross mint.
Buy pressure. Continuous base-fee burn + storage-collateral burn ≈ ~3.0M CFX / 90D removed; no buyback, no Foundation accumulation.
Net. Issuance minus burn leaves new supply at ~+0.23% over 90 days — slightly inflationary, cooling after the Apr 7 2026 50% reward cut.
- PoW reward cut now in full effect (Round 20)−50% block rewardLive since Apr 7 2026 · removed from market
PoW block subsidy 0.4 CFX/block × ~172,800 blocks/day × 90 days ≈ 6.22M, plus PoS staking issuance at the 3.26% base interest rate ≈ ~8.7M. The Apr 7 2026 governance update halved the PoW reward (0.8 → 0.4 CFX/block), so the next 90 days run at the lower rate end-to-end.
The genesis unlock schedule (team, private equity, ecosystem, community, foundation) finished in 2024 — ~98.7% of supply is unlocked and no scheduled cliff falls inside this window.
~71M CFX (1.3% of supply) remains locked with no published release schedule, and the Foundation/Ecosystem Fund has no observed in-window discretionary release. The one-time 76M Ecosystem-Fund burn was a May 2025 event. Tracked overhang, value 0.
No bankruptcy estate.
No protocol-revenue buyback. Block reward and the miner share of fees flow to miners; staking rewards flow to stakers.
Two continuous burns: the remainder of each transaction base fee is burned (base-fee-share parameter), and a portion of sponsored storage collateral is permanently converted to storage points (the storage-point ratio was raised 63% → 78% on Apr 7 2026). Over 496M CFX has accumulated in the zero address since 2020.
No accumulation programme. The Foundation funds ecosystem grants and executed the May 2025 burn, but runs no market-buy programme.
No new lockup programme inside the window. The 500M Foundation stake was a May 2025 event with a multi-year lock — already reflected in the current staked pool, not a new in-window lock.
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