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Conflux Network’s $10M Funding Round Propels CFX Token Rise

Conflux Network’s CFX token rose 9% to as high as $0.24 in the last 24 hours, according to CryptoSlate’s data.

CFX’s value had retraced to $0.22820 at the time of writing.

Developers of the blockchain network said it raised $10 million from DWF labs. According to a March 1 statement, the funds would be used to “expand, innovate, and create a barrier-free blockchain ecosystem.”

DWF Labs reportedly purchased CFX tokens from the project’s team. The tokens would be “linearly unlocked” over an undisclosed period.

(By Oluwapelumi Adejumo)

Get the latest news here: Cointime channel — https://t.me/cointime_en

Conflux Conflux $0.15
-2.57%
Conflux DWF Labs
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