Today, MINAX Global Brand Exchange announced three important initiatives aimed at further enhancing user experience and promoting the prosperity of the digital asset trading market. These initiatives include the official listing of CFX, the native functional token of Conflux Network, on the MINAX trading platform, the on-chaining of MINAX’s brand assets to Conflux Network, and a comprehensive reduction in transaction fees.
CFX Makes a Strong Debut on MINAX, Expanding the Digital Asset Landscape
As the core token of Conflux Network, the listing of CFX on the MINAX trading platform has attracted much attention. Conflux Network is an innovative, scalable decentralized blockchain network that breaks through the performance bottlenecks of traditional blockchains with its unique Tree-Graph consensus algorithm—a special Directed Acyclic Graph (DAG) structure. Unlike Ethereum and other blockchains that process transactions on a single chain, Conflux Network’s Tree-Graph can efficiently merge and process transactions from all concurrent blocks, achieving high throughput and fast confirmation, thus providing a solid foundation for the large-scale implementation of blockchain technology in practical applications.
CFX plays key roles in Conflux Network, such as network consensus, ecosystem incentives, network governance, and staking. Its listing on MINAX will bring more diversified investment options to platform users, enrich MINAX’s digital asset product line, and further enhance the platform’s competitiveness in the global digital asset trading field.
Brand RWA On-Chaining to Conflux Network: A New Journey of Brand Asset Digitization
MINAX has deep expertise in the field of brand RWA. This time, the on-chaining of brand RWA to Conflux Network builds a solid bridge for the digital transformation of brand physical assets and marks a new journey in brand RWA operations. Conflux Network’s features of high efficiency, security, and scalability provide ideal technical support for the on-chaining of brand RWA. Once brand RWA is successfully on-chained, key information such as rights, value, and circulation corresponding to the brand’s physical assets will be accurately, permanently, and immutably recorded on the blockchain.
This initiative makes the value mapping of brand RWA clearer and more credible, allowing investors to intuitively understand the digital rights of brand physical assets, and significantly reducing information asymmetry and trust costs in brand RWA transactions. Meanwhile, relying on Conflux Network’s technical characteristics, the management and transaction processes of brand RWA have become more efficient and convenient, enabling brand RWA to circulate in a broader market. This fully taps and releases the value of brand physical assets through digital forms, further promoting the development of the brand RWA ecosystem.
Comprehensive Fee Reduction to Lower User Transaction Costs
In terms of fee adjustments, MINAX has shown full sincerity. The transaction fee for RWA brand assets has been significantly reduced from the original standard to 0.5% (five thousandths), and the cryptocurrency transaction fee has also been adjusted to 0.3% (three thousandths) simultaneously. This comprehensive fee reduction will directly reduce the transaction burden on users, significantly lowering the cost of trading on the MINAX platform. It not only helps attract more new users to join MINAX, increasing user activity and trading volume but also reflects MINAX’s determination to create a fair, efficient, and low-cost trading environment, setting a new service benchmark for the global digital asset trading market.
Minax Exchange stands out as quite unique in the industry. It has not yet opened public registration, and users can only register via invitation codes. Nevertheless, the assets on the platform have generally risen by 5 to 10 times or more compared to their initial launch prices. Apart from strict registration restrictions, Minax’s high transaction fees have also been unacceptable to many users. With this adjustment to transaction fees, some people sigh that this exchange has finally become “more approachable.”
The listing of CFX, fee adjustments, and the on-chaining of brand RWA to Conflux Network mark important milestones in the development of MINAX Global Brand Exchange. In the future, MINAX will continue to uphold the concepts of innovation, openness, and win-win cooperation, continuously optimize platform services, introduce more high-quality brand digital assets, and provide global users with a more excellent digital asset trading experience. It will keep moving forward in promoting the digitization of brand assets and the development of the global digital asset trading market.
Minax Empowerment: Compliant Value Release
MINAX Global Brand Exchange is jointly initiated by MINAX GROUP Global Brand Trading Group and KLICKL, the first full-license digital asset institution in MENA (Middle East and North Africa). It has the compliance capability and license support for digital asset issuance in the United Arab Emirates.
MINAX will work with professional investment banks, investment funds, law firms, and audit firms to create a favorable ecological environment for brands entering the Web3 field. MINAX will also facilitate small and medium-sized enterprises and even individuals to create and develop their own brands. Through various forms such as brand private placements, brand crowdfunding, and IBO, it will help brands obtain their first financing, first group of fans, and first batch of orders. At the same time, due to the global nature of Web3, brand assets can be traded 24/7 on exchanges worldwide, and brand asset investors can come from all corners of the world—investing in brands has never been so convenient.
【Risk Warning】This article’s content is for informational purposes only and does not constitute any investment advice. Brand asset trading and investment involve high risks and volatility. Users are advised to fully understand the associated risks and make cautious decisions before investing. MINAX is not responsible for any investment losses resulting from reliance on this content. Please invest rationally based on your risk tolerance.