Cryptocurrency exchange KuCoin stated in its statement that it will support the altcoin Conflux (CFX) network, which has been on the agenda in recent days, for coin investments.
The stock market said in its statement on its official website:
“KuCoin has now launched its mainnet Conflux Core (CFXCORE) network for CFX deposits. KuCoin now supports mainnet Conflux eSpace (CFX), KuCoin Community Chain (KCC) and mainnet Conflux Core (CFXCORE) networks for CFX.
Mainnet Conflux Core (CFXCORE) ONLY supports deposits to addresses starting with ‘cfx’.
Mainnet Conflux eSpace (CFX) supports ONLY deposits to evm addresses (starting with 0x).
We will open the withdrawal service for the Conflux Core (CFXCORE) mainnet when the time comes.”
Collaborating with a platform that is also described as China’s Instagram, the CFX altcoin gained over 1300% with the Chinese-origin tokens showing a huge rise recently.
Interestingly, Conflux Network, also known as Shanghai Tree-Graph Blockchain Research Institute, is the only regulatory-compliant, public and permissionless blockchain in China.
According to the developers’ description, Conflux is a blockchain that works as layer 1 on a hybrid proof-of-work and proof-of-stake mechanism.
Similarly, Conflux Network partnered with China Telecom to develop and pilot a blockchain SIM (BSIM) card service in Hong Kong on February 15th, giving access to its 350 million users.
*Not investment advice.
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