CNF Token is a TRC-20 token that is built on TRON Blockchain and aims at solving the liquidity problem we see with the TRC-20 token standard. The project’s main aim is to allow its users to swap TRC-20 tokens and is currently accessible to the world.
What is CNF Token?
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Cryptocurrency, also known as ‘crypto currency’ or ‘virtual currency’, refers to a digital asset designed to work as a medium of exchange that uses cryptography for security and anonymity. It is a known fact that the liquidity problem is one of the most pressing issues for the cryptocurrency ecosystem. People tend to see this as a major disadvantage in all types of asset trading, and it’s not hard to see why — limited liquidity can have a drastic impact on price volatility and lead to significant draw-downs.
In theory, up to 30% of all cryptocurrencies can be traded each day, with some exchanges handling more than 80% of daily trades. However, in practice, prices will continue to fluctuate due to liquidity issues.
To solve this implicit problem, Pigou (1912) proposed a simple idea: Prices in an economy are determined by the value of goods and services, not the time to wait for them to be produced. Using Pigou’s theory, it is possible to price cryptocurrency through adjusting prices based on public knowledge of the quantity and distribution of money in the economy. This would also solve issues related to what will be the next block mined in order for cryptocurrency to become an official tender.
A blockchain would be required alongside with a cryptocurrency to make this desired goal a reality.
In a liquid market, prices are stable enough to withstand large orders because of the large number of market participants and their orders. And while high liquidity ensures that prices are stable and not prone to large swings resulting from large trades. This could affect cryptocurrency prices while fuelling increased volatility and risks for the general market. Similarly, low liquidity, on the other hand, may cause investors to sell their crypto holdings prematurely in order to cash out.
Further, it is a well-known fact that prices can move quickly in cryptocurrency markets. And as we now are well aware of what problem can liquidity deficit cause. Cryptoneur Network Foundation (or CNF) aims at resolving these with the help of CNF Token. Soon, CNF will allow users to swap TRC-20 tokens. This further can be used to represent a wide array of digital assets as well as financial values.
TRC-20 is an open, transparent, and convenient token standard for the TRON ecosystem. TRC20 defines the rules that need to be followed in order to create a new token with the TVM (Tron Virtual Machine). TRC-20 tokens are different than Ethereum ERC-20 tokens. Whereas ERC-20 tokens perform strict actions using simple codes, TRC- 20 is more sophisticated, supporting self-management and complex operations like transferring data or setting trading conditions.
Fundamentally, CNF will run on two smart contracts; an “Exchange” contract and a “Factory” contract. This, in a pair, will represent the assets deposited in that pool. In this instance, the factory smart contract will be used to add new tokens to the platform and the exchange contract facilitates all token “trades.” On full functionality, any TRC20-based token can be swapped with another on the associated platform (proposed).
Do note that TRC-20 tokens are different than Ethereum ERC-20 tokens because they support self-management and complex operations like transferring data or setting trading conditions.
Here’s how we plan the distribution of our first project, the CNF token.
Bounty (burning) & Rewards for stakeholders
Reserved fund (Maintenance)
Team Management & Foundation
Advisory board & Marketing team
Staking & ROI
Giveaway / Airdrop / contest & other
Why Choose CNF Token?
Many major crypto solutions are currently being in use, but still, a lot of us face the issue of transactions per second. With CNF Token, this would soon be an old problem to deal with.
Decentralized & Transparent
We value your privacy and in accordance with the same, CNF Token is being built to ensure that you get a 100% transparent environment to run your transactions anytime and from anywhere in this world.
Low Cost & Reliable
Gone back will be the days when you used to pay heavy gas fees and transaction charges on the blockchain. The CNF Team is working hard to ensure that we launch an affordable and a low-cost solution to industry alternatives.
We endorse decentralization and we mean it. There’s no single manager to any of our projects (launched or in progress), though the code ownership belongs to CryptoNeur Network Foundation, we are completely run by our community and promote decentralized innovation.
Yes! CNF Token is live and you too can avail the benefits of it. To buy CNF tokens, simply head to any of the major exchanges and make a formal purchase. Alternatively, you can also use your BTC/ETH/BNB/USTD etc, on various exchange pools to avail them.
We love innovators like you and are actively hiring for various roles as well. If you see yourself as a fit, apply now!
In layman terms, decentralization is when control and decision-making of a particular segment is transferred from a centralized entity (individual, organization, or a group) to a distributed network. Here, participants are able to connect/interact/transact either directly (peer to peer, P2P) or through a network of nodes which are not centrally managed by any other entity. Currently, most blockchains that we see are decentralized networks.
In layman terms, smart contracts are a piece of technology that executes business logic in response to already specified events. The respective use cases can be implied to execute exchange of money, delivery of services, unlocking of content privacy, etc. We primarily endorse Tron blockchain for building smart contracts and logics, the same TRC-20 technology backs our CNF token.
The mode of purchase and the platform you make a purchase on depends from person to person. For starters, we recommend purchasing CNF Token from platforms like LaToken, Sunswap, KoinBazar, etc.
As we are a true decentralized team, and we believe in serving transparency, one can stake into our project from anywhere across the globe. All you need is just a computer and an internet connection.