Burning of Conflux Ecosystem Funds and Locked Positions of Founder Team - Update #1

The results of the vote “Conflux Network Ecosystem Fund Usage” show that the ecosystem fund will not be utilized expect for gas and storage fee sponsorship within 6 months after Conflux (Tethys) Network launched.

The remaining part, totaling 165,429,074 CFX tokens, have been burned to the zero address.

Below are the multi-signature burning transactions records:

0x70376dd04c62a0f7bd8e25cea7f88d792c07b5a575113943585397495c49cf1c
0xd364c5dd2d0152e99945f110a13102e41b0037fc0725471cdd211405b0970bed
0x4987198677ea3a39bcf4441a8692ba9a7830d6365913e8920c9a3e8f37f40585

In order to demonstrate Conflux core team’s confidence toward Conflux’s future, all founders in the Conflux team, lead scientists and some of the seed investors, undistributed CFX of the genesis team, voluntarily locked their positions to the following addresses:

cfx:acfb4d6pxc662y8uus8b4kea4g37cfurzymz4z0e19
cfx:acgggd313hdur6f0pxfzyn69mg4wju3gv6pb614x1d
cfx:aat1shgyt7bf0tmjsje2465d83e4jhtu8eb9w8rbb0
cfx:aaryuw8k9pjxyud2parwnh5bb1srnwuvd6rypertuy
cfx:aak0t61kr9vst67pwpv3rhprjaau3dvd4jtzym5mrc
cfx:aan3r2889ukgsx5njruffaxpxvh6nkv7fawjtpykjf
cfx:aanjhbh2t4hbjsej7ahnzgdnt3p9j7085etxbyst1u
cfx:aat1cy4ujbzx1khsd3hwsu2x2fnrfrd6bufah2dfb9
cfx:aajp8bzdc0kf6y8d6mvp4ttavu8pav8hc6wtgx0vbm
cfx:aartyz300uv6fc9ceupjjabn79jgspw6rux6yu4h4w

The total amount locked is 88,049,445, and the CFX mentioned above will be locked until August 2021. Up to now, the total circulation of CFX is 554,347,980; burned and locked CFX tokens occupy 45.75% of the total circulation.

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The address to burn tokens is the null address:
https://confluxscan.io/address/cfx:aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa0sfbnjm2

The transfer and query functions of smart contracts is under development, and is expected to be valid in the latest version.