Alvin Lang
May 29, 2025 08:41
CLUX (CFX) is set to terminate the FC token withdrawal service by June 30, 2025, and convert the remaining tokens to CFX through one -way swap.
The CLUX (Contrux) Foundation (CFX) Foundation has announced an imminent suspension of the FC token withdrawal service from June 30, 2025, which is consistent with the Foundation’s strategic plan to manage the remaining FC token supply.
Transition to CFX
As part of this conversion, about 352 million FC tokens are ignited and converted to CFX through a single direction swap. The Foundation confirmed that the FC mining authorities will be canceled permanently after the conversion. The newly converted CFX token is trapped in the ABC POS pool to strengthen community governance efforts.
Withdrawal service time line
The Confrux Bounty platform, which was offline on April 14, 2025, has previously promoted FC withdrawal through email communication. The current presentation must complete the FC withdrawal before the end of June 30. After this date, the email channel will stop the withdrawal request, and the unclaimed FC token can only receive a 1: 1 swap with CFX.
Impact
The Foundation acknowledged the potential inconvenience that this transition could cause users and thanked them for their understanding and continuous support. It is recommended to complete the transaction immediately to avoid confusion.
This strategic initiative emphasizes the promise of Confrux to purify tokenomics and to improve the overall stability and governance of the network.
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