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How to get cfx coins

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May 07, 2024 pm 03:01 PM

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Methods to obtain CFX coins: 1. Purchase through exchanges; 2. Pledge to obtain rewards; 3. Participate in DeFi protocols; 4. Airdrops and gifts; 5. Participate in network governance.

How to get cfx coins

How to obtain CFX coins

CFX coins are the native tokens of Conflux Network and can be used to pay transaction fees, Stake to earn rewards and participate in network governance. Here are a few ways to get CFX coins:

1. Buy through an exchange

The most direct way is to buy through an exchange that supports trading CFX coins. Some popular exchanges include:

Binance
Huobi
Gate.io

2. Staking To obtain rewards

CFX coins can be pledged to the verification nodes of Conflux Network to obtain rewards. Stakeholders can earn an annualized rate of return of approximately 10% per year.

3. Participate in DeFi protocols

CFX coins can be used in various DeFi protocols, such as:

Yield Farming: CFX Coins are deposited into the liquidity pool to earn interest.
Lending: Borrow other crypto assets using CFX coins as collateral.

4. Airdrops and Giveaways

Conflux Network occasionally hosts airdrops and giveaways to give participants the chance to earn CFX coins for free.

5. Participate in network governance

CFX currency holders can receive rewards by participating in network governance, for example:

Voting decision Network Upgrade
Suggest improvements

It is important to note that methods of obtaining CFX coins may vary due to market conditions and regulatory changes. Please be sure to conduct your own research and understand the associated risks before investing in CFX Coin or participating in any activity related to Conflux Network.

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