Algorand

Million

Foundation

Conflux

DWF Labs recently purchased $18M in <a target="_blank" href="https://tokeninsight.com/en/coins/conflux/overview">$CFX</a> tokens, cementing the long-term relationship between the investment firm and Conflux. This follows DFW Labs buying $10M worth of $CFX tokens in March 2023.
Conflux is a high throughput Layer 1 consensus blockchain that utilizes a Tree-Graph consensus algorithm, enabling the parallel processing of blocks and transactions for increased throughput and scalability. $CFX is the native token of Conflux, which serves as a reward for network miners and a payment for transaction fees.
Related: <a target="_blank" href="https://tokeninsight.com/en/news/dwf-labs-partners-with-algorand-foundation-and-will-purchase-50-million-algo">DWF Labs Partners with Algorand Foundation and Will Purchase $50 Million $ALGO</a>
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DWF Labs Invests Additional $18 Million in Conflux

TokenInsight

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