Burning of Conflux Ecosystem Funds and Locked Positions of Founder Team - Update #2

The results of the “Conflux Network Ecosystem Fund Usage” and “The Remaining FC Tokens” governance vote on December 14, 2020 show that the ecosystem fund will not be utilized except for the gas and storage fee sponsorship within 6 months after Conflux (Tethys) Network was launched, and the remaining part has been burned to the zero address.

The sum of the newly burned tokens was 41,700,000, and up to now 207,129,074 CFX have been burned.

:arrow_right: Multi-sig burning transactions record:
0x5cf87355f888806b7817c76b4f9793d732891bfe81bd5a1f42a5ba601b76bb9c)

In order to demonstrate Conflux core team’s confidence toward Conflux’s future, after the latest announcement was released in February 2021, all the Conflux Founders, lead scientists, some seed investors, and 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
cfx:aajut905z40mcgrttug5dkvce6yvp5xs5pxy2hh5sm
cfx:aak3ag2cdf85dyk7zpsz658kfgk78w4wve5h3k4ssj

The total amount is 108,715,081, and locked positions of 20,665,636 CFX have been added since the last announcement was published. The CFX mentioned above will be locked until at least August 2021.

By the time this announcement is issued, the total circulation of CFX is 686,107,449. Up to now, burned and locked CFX tokens occupy 46.03% of the total circulation.

:warning: Due to the greatly fluctuating prices of CFX and its derivatives, please be alert to the related risks.

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