News and Analytics

0

Conflux and Presto Expand Staking and Market Reach in Asia

Aug 19, 2024
  1. Conflux and Presto Collaboration
  2. Presto's Commitment and CFX Token Increase
  3. Additional Conflux Achievements

Conflux and Presto announced a collaboration aimed at enhancing the network’s staking capabilities and expanding its market reach beyond Asia.

Conflux and Presto Collaboration

Conflux announced a cooperation with Presto, with the goal of improving the network’s staking capabilities and increasing its market reach beyond Asia. This collaboration complements Conflux’s objective of connecting decentralized economies around the world and accelerating the expansion of the blockchain ecosystem.

Presto's Commitment and CFX Token Increase

Presto has committed 20 million CFX tokens, establishing itself as one of the largest Proof-of-Stake validators on the Conflux Network. This significant investment demonstrates Presto’s belief in the network’s potential. Following the news, CFX’s value surged, trading at around $0.1344, up 5.28% over the last 24 hours.

Additional Conflux Achievements

The Conflux network has also seen several developments aside from the collaboration with Presto. Recently, it was announced that Conflux eSpace, which is completely EVM-compatible, is now available on C3 Caller, allowing for smooth blockchain integration. Additionally, Conflux is expanding its ecosystem through partnerships with projects like Mengli Carnival, OpenFlux, PoPP Lab, and Cwallet, aimed at promoting ecosystem growth and creating new opportunities in the blockchain space.

Ongoing and future collaborations show Conflux’s commitment to blockchain ecosystem development, enhancing staking capabilities and expanding market reach, emphasized by significant investments and CFX token growth.

Comments

Latest analytics

Bead Pay: Cryptocurrency...

Bead Pay: Cryptocurrency Solutions for Global Payments

Bobby Zagotta and...

Bobby Zagotta and His Impact on the Crypto Industry

Show more

Latest Dapp Articles

Show more

You may also like