A summary of Conflux ecosystem project review: wallets, DeFi, offshore RMB, digital collections, metaverse

Author: Maverick, Wu Shuo

This article is for informational sharing only and does not promote or endorse any business or investment activities. Readers are advised to strictly comply with the laws and regulations of their respective regions.

The potential recession in the U.S. economy, increasingly stringent regulatory policies, and Hong Kong's strong embrace of Web3 create a stark contrast. Foreigners are pointing to the Chinese market and investors, represented by Hong Kong, as the driving force behind the growth momentum of Crypto, even shouting the slogan "Long China." Many projects have completed a 180° switch from foreign to domestic identity overnight, from previously trying to conceal their "domestic teams" to now actively showcasing their Chinese language skills to enhance their sense of belonging. Conflux, which focuses on the Chinese blockchain market, has successively formed strategic partnerships with major domestic companies such as Xiaohongshu and China Telecom, creating a unique digital collection ecosystem that other public chains do not have, in conjunction with the domestic policy environment. This article will review the projects from the Conflux ecosystem.

Wallets

Fluent (https://fluentwallet.com/)

A wallet officially supported and recommended by Conflux, users can use it as a plugin on Chrome, Firefox, and Edge browsers. Fluent supports EVM chains including Conflux eSpace and Ethereum, allowing users to transfer and store assets using Conflux Core and eSpace within a single wallet extension. Additionally, Fluent supports HD wallets and hardware wallets.

AnyWeb (https://anyweb.cc/)

AnyWeb is a blockchain asset wallet designed for Chinese users' habits, supporting standard NFT asset management, apps, mobile H5, mini-programs, and the Conflux public chain. AnyWeb has no token-related features, real-name on-chain verification, and is encrypted and hosted in the cloud by a hot wallet, supporting seamless integration with the official SDK.

DeFi

Swappi (https://app.swappi.io/#/swap)

Swappi is the most commonly used DEX on the Conflux chain, where users can engage in trading, liquidity mining, staking, lotteries, and Launchpad functions. It supports trading of 15 assets including BNB, ETH, WBTC, USDC, and CFX, as well as 19 liquidity mining LPs such as CFX-ETH, CFX-USDT, CFX-WBTC, and CFX-USDC. Swappi has launched the governance token PPI and the Genesis Pass NFT, which can provide holders with whitelist access and eligibility for airdrops from other Conflux eSpace projects. According to DeFiLlama data, Swappi's current TVL is approximately $12 million, accounting for 82% of Conflux's total TVL.

Moonswap (https://moonswap.fi/)

Moonswap is the second-largest DEX on Conflux, supported by Conflux Network and the cross-chain asset protocol ShuttleFlow, and does not require users to pay gas fees, as they are covered by Conflux contracts. The project is entirely community-driven and currently supports various FT and NFT assets including ERC20, CRC20, ERC721, and ERC1155. Users can trade and provide liquidity on the platform, as well as trade and auction NFTs on the Conflux chain. Additionally, Moonswap offers a governance system where community users holding the non-tradable token XGenesis can vote, and XGenesis can be redeemed through Genesis NFT, Believer NFT, Dreamer NFT, Aspirant NFT, Resonator NFT, or Idealist NFT.

Nucleon (https://www.nucleon.space/#/data/stake)

Nucleon is a liquid staking solution for Conflux PoS, allowing users to stake CFX without locking assets or maintaining infrastructure. When users stake on the platform, they receive xCFX at a 1:1 ratio (representing their staked CFX). xCFX helps users earn yield and loan rewards, with daily updates to reflect CFX staking rewards. Nucleon charges a service fee of 10% on staking rewards. Nucleon has launched NUT, allowing holders to vote on proposals using treasury funds. Currently, over 12 million CFX, worth over $6.8 million, are staked on Nucleon, with an APY of approximately 18.7%.

Goledo (https://www.goledo.cash/)

Goledo is a lending protocol forked from Aave. The platform's revenue comes from the interest rate spread on loans and flash loan fees, with 50% of the revenue distributed to GOL stakers and locked users, while the other half goes to the Goledo treasury. Additionally, unlike staking without a lock-up period, users who lock up GOL will face a three-month lock-up period. They can enjoy platform revenue, but if they withdraw early, they will incur a 50% penalty, which will be distributed to other GOL locked users.

Stablecoins

CNHC (https://www.cnhc.to/)

CNHC (CNH Coin) is a stablecoin pegged to the Chinese Yuan at a 1:1 ratio, currently issued on Conflux and Ethereum. The fiat reserves of the CNHC group are protected by licensed trusts held by internationally renowned custodial banks, and independent auditing firms regularly review CNHC's offshore RMB reserves. However, due to compliance reasons, CNHC does not provide services to users in mainland China. In addition to Conflux, CNHC's partners include Circle and KuCoin.

Insurance

INS3 (https://conflux.ins3.insure/#/ins3/overall)

INS3 is a decentralized cross-chain insurance provider that uses an innovative model of "DeFi + NFT + oracle + cross-chain" to provide users with CDS commercial insurance. The project achieves automated payment judgment through oracle and fair game mechanisms among users. Users can purchase insurance services on Conflux, Ethereum, HECO, BSC, and Polygon. On the Conflux chain, INS3 protects approximately $25,000 in assets.

Bridge

ShuttleFlow (https://shuttleflow.io/)

ShuttleFlow supports cross-chain asset transfers through the Conflux chain as a relay bridge, compatible with Fluent or MetaMask. Currently, ShuttleFlow supports cross-chain transfers of 49 assets including ETH, LINK, and USDC across six networks: Conflux, BSC, Ethereum, Bitcoin, HECO, and OKExChain.

NFT & Digital Collectibles

Taopai (https://www.taopainft.com/)

Taopai is a Web3 and metaverse solution platform based on the Conflux public chain, incubated internally by the Shanghai Shutu Blockchain Research Institute. It includes underlying blockchain technology, NFT issuance and trading platforms, Web3 ecosystem integration, and metaverse virtual technologies. On January 11, 2022, the digital collectibles issuance and trading platform Taopai officially launched, having collaborated on digital collectibles such as the Q version of Winter Olympics champion Xu Mengtao, the "Shangshi" series, and "Aotu World" national comics. Additionally, Taopai has released an AI-generated avatar series "Friends of Kazi," which appeared on the cover of "Xinmin Weekly."

MintBox (https://mintstech.cn/)

MintBox provides modular blockchain solutions, allowing enterprises to customize digital collectibles SaaS systems to manage their own digital collectibles platforms. Additionally, MintBox offers brand resource aggregation to help brands issue digital collectibles. Previously, MintBox collaborated with Jay Chou to create the "Jay Chou Limited Edition Demo Space," which included five demo music digital collectibles such as "Blue and White Porcelain" and "Love Before the Era."

Shuangjing (http://www.shuangjingbowu.cn/)

Shuangjing is a one-stop digital collectibles solution provider, with its own digital collectibles issuance platform, Shuangjing Museum, offering various issuance solutions including collectibles, blind boxes, and airdrops. Currently, Shuangjing has established long-term collaborations with several domestic museums such as the Xi'an Museum and the Nanjing Museum, as well as representatives of national intangible cultural heritage projects, issuing series such as Beijing jade carving "Golden Inlaid Jade Fortune Tiger" and Jing embroidery "Double Happiness Robe." Additionally, Shuangjing has created its unique digital IP image series "Zebao," which serves as Shuangjing's mascot, permeating various aspects of digital collectibles issuance and community operations (avatars, emojis, trendy toys).

Compliant Digital Collectibles

Conflux has currently collaborated with multiple Web2 brands in the field of digital collectibles/NFTs (as shown in the image below). Conflux co-founder Zhang Yuanjie stated last October that over 8 million digital collectibles have been issued on Conflux, with more than 3 million independent users, serving over 300 brand IPs, including well-known domestic brands such as iQIYI, Liberation Daily, and Happy Mahua.

（https://123cfx.com/#NFT）

Domain Names

Conflux Name Service (https://app.web3verse.space/)

".web3 username" is a username system based on the Conflux chain. The first batch of platforms supporting .web3 usernames includes: Anyweb, ConfluxScan, Fluent, heyfoo, Shuhe, Shaila, Meta Name, Block Building, Taopai, etc. Currently, registration for usernames of 5 characters and above is open, with a fee of 30 yuan per year, payable via Alipay QR code; registration for usernames of fewer than 5 characters will gradually be opened later, currently only available to the mainland China market.

Social

Discoverse

(https://forum.conflux.fun/t/149-discoverse/17299)

Discoverse will build a decentralized data service layer on Conflux that adapts to the SBT protocol, providing data openness and analysis services by aggregating multi-chain SBT data. The project's MVP is expected to launch before June this year, including H5 mini-programs, an app, and a website, supporting point-to-point receipt, issuance, and destruction of four types of soul certificates, and creating a seed user community.

CaTalk

(https://forum.conflux.fun/t/148-conflux-did-web3/16947)

CaTalk is positioned as a Web3 community based on Conflux DID. Users will have new identity attributes on-chain, such as digital asset NFTs and digital identity SBTs. Based on this new identity, new social connections will emerge, with groups of the same identity becoming a key form of social interaction. CaTalk will rebuild this group on the basis of DID. Currently, CaTalk has built its own NFT/digital collectibles issuance platform "ChaoMiao" and plans to collaborate with 50 domestic digital collectibles projects in the short term to establish project holding group chats and further improve platform basic services and functional details centered around group chats and topics.

Metaverse

Mossai Metaverse (https://www.mossai.com/)

Mossai's brand slogan emphasizes a sustainable blue metaverse, generating NFT islands from global islands (including disappearing islands) through AI. The MOSSAI metaverse has three island ecologies: Native Island, Lying Flat Island, and Emergence Island, each of which is an independent smart contract. The Mossai metaverse also includes Mossalians—soul-bound avatars SBA, crypto metajellyfish NFG, and Emergence Future City (apartments, shops, etc.). Currently, companies and individuals such as Amazon Web Services, Zebra China, Aerospace Cultural Creation, and artist Tan En have settled in the Mossai metaverse.