Conflux Token (CFX) is a coin of a public blockchain without permission, which, without sacrificing decentralization and security, reaches high TPS. It is universal, secure, scalable, smart contracts built in Ethereum can easily be transferred to Conflux, parallel chain building and governance taking place according to the principles of DAO are possible in it.

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Conflux is advancing the on-chain payment ecosystem with PayFi, aiming to become the infrastructure for the next generation of consumer-grade Web3.

To accelerate this vision, the Conflux Foundation is launching an incentive program to boost the PayFi ecosystem on Conflux. The Foundation will inject 500 million CFX from the ecosystem fund to fuel the growth of PayFi stack components.

Read on here: https://medium.com/conflux-network/conflux-payfi-stack-pioneering-the-future-of-web3-payments-b4ef6ebceffc