Conflux CFX: Capturing the China Narrative

17 mai 2023

something is going on here.

Hong Kong is allowing retail crypto trading starting in June. It is known that this is a pilot for releasing mainland China. Hong Kong itself has shown serious interest in all tradeshows and crypto conferences. My opinion is that the liquidity for this bull market comes from the Eastern World.

Conflux is building something and I am very bullish on this chain's prospects over many other tokens that could fall into this narrative.

17 mai 2023

Note

This descripition I put sounds like a robot wrote it.. but I'm trying to hide my enthusiasm.

I will just post some links to further reading :
Conflux news:
dailyhodl.com/2023/05/16/conflux-and-china-telecom-debut-first-on-chain-interaction-with-blockchain-sim-card/

HongKong Crypto :
cointelegraph.com/news/hong-kong-to-step-in-as-options-are-dwindling-globally-fintech-chair

Example of how serious China is on Block chain:
cointelegraph.com/news/china-launches-national-blockchain-center-to-train-half-a-million-specialists

18 mai 2023

Note

Today it was announced that An official digital version the CHinese RMB currency the CNH (used for international trade; CNY is use inside mainland china) was released.

This is a blockchain native 1:1 backed token like USDC 3 partners for the release Circle, Kucoin, and Conflux . . . link to site and details below

cnhc.to/

18 mai 2023

Note

China is very clearly trying to become a settler of international trade and they want to do it on the blockchain. B/c ..well what else would they use

15 juil. 2023

Note

Red flags similar to many projects. Diminsished gains here and probably better opportunity after halving.

Will monitor

red flags
no community for decentralized protocol
China is a black box. No release on how they will treat defi yet. clarity in 2024?
Multi chain hack hurt many projects building for 2023. NO other bridge to inflowliquidity from other chains
no differentiating factor for current users.
partnerships benefit conflux ventures not conflux token...