Layer-1 blockchain developer Conflux (CFX), which came to the fore with its agreements with China-related companies, has now received a $10 million investment from DWF Labs.
DWF Labs March 1 on his official social media account. in his post$10 million to Conflux investment explained what they did. Since its agreements at the end of January Experiencing more than 10x rise Conflux, the investments received development of technology And Growing the user base stated to be used.
DWF Labs investment from the project team and CFX treasury by buying tokens performed. Company tokens unlock in a certain process linear Said it would open. Company strategic This investment, which he describes as a enormous He claimed it would help.
of Conflux backed by China It is known to be one of the very rare blockchain projects. I have been against cryptocurrencies for a long time. a strict attitude despite its policies Conflux, Shanghai by the government 5 million your dollar on received a grant. Conflux Co-Founder Fan Longthe project in China The only regulatory compliant independent blockchain stated that.
On the other hand, Conflux recently announced its partnerships with Chinese giant companies. of china second largest telecommunications company China Telecom and Chinese version of Instagram It had a massive bullish rally by forming a partnership with Little Red Book (Xiaohongshu). After the Little Red Book deal, CFX, Greater 10x bullish performance showed.
According to Coinecko data in the last 14 days 315% appreciated CFX, in the last 24 hours up 7.8% as of my writing 0.2302 traded at the dollar level.