INTERNET CITY, DUBAI, February 14, 2022 – LBank Exchange, a global digital asset trading platform, will list Chainflix (CFXT) on February 16, 2022. For all LBank Exchange users, the CFXT/USDT trading pair will be officially available for trading at 4:00 p.m. (UTC+8) on February 16, 2022.
Nowadays, everyone watches videos, leaves comments and posts on various platforms, but the platform and content providers are the only ones who benefit financially from user-generated data, traffic and advertising. To solve this problem, Chainflix (CFXT) is building a true user-centric video platform to create a fairer environment for platform providers, content creators and viewers. Its native CFXT token will be listed on LBank Exchange at 4:00 p.m. (UTC+8) on February 16, 2022, to further expand its global reach and help achieve its vision.
Chainflix is a true user-centric video platform that all participants build together. Not only content creators upload videos, but viewers and storage providers can do it too. And participating users are incentivized based on their contribution.
With Chainflix, viewers can watch videos and communicate through comments and sharing while mining coins. When users watch videos on the platform, with no special plugins or hardware needed, coins are mined, part of which is rewarded for users. Moreover, users can get additional incentives when watching advertisements.
Content creators can upload videos to Chainflix and receive rewards just for asking viewers to watch the videos and of course they can earn additional profit from advertising. Rewards generated from video views will be deposited into their wallet the next day, and content providers will be able to check their earnings in real time.
The key innovation of the Chainflix platform is the AI-based distributed storage system. Instead of relying on a centralized CDN (Content Delivery Network), Chainflix allows anyone to contribute their storage to a distributed storage pool. The AI controller will automatically distribute files to different storages in the storage pool based on file size and video traffic. The storage provider will receive coin rewards when the videos stored in its storage are served to the viewers.
Possessing South Korean patented blockchain technology, Chainflix currently has 3,520 distributed storages from over 10 different countries and users from 157 countries. The incentives users will receive are Chainflix Coins (CFX), which are mined when a video is viewed and then paid to users.
About the CFXT Token
CFXT is a KCT token obtained by converting the Chainflix (CFX) coin, it can be transferred to the foreign exchange market and cashed out through transactions. Users can also later use CFXT coins to donate to other users, purchase items, and participate in decentralized governance.
To earn CFX coins, users can simply watch videos and advertisements, the coins are mined during this process, and then a portion of the mined coins are distributed to viewers. Uploading videos as a content creator can also earn CFX rewards when their videos are watched, as well as provide storage space.
For cashing out, users can simply convert these acquired CFX coins into CFXT tokens, then withdraw the CFXT tokens to an exchange that has them listed and trade them. The CFXT token will be listed on LBank Exchange at 4:00 p.m. (UTC+8) on February 16, 2022, investors interested in Chainflix investment can then easily buy and sell CFXT on LBank Exchange. CFXT’s listing on LBank Exchange will undoubtedly help it further expand its business and attract more attention in the market.
Learn more about CFXT Token:
Official website: https://www.chainflix.net
Announcement of listing on LBank Exchange: https://support.lbank.site/hc/en-gb/articles/4417450677913-CFXT-Chainflix-will-be-listed-on-LBank
About LBank Exchange
LBank Exchange, founded in 2015, is an innovative global trading platform for various crypto assets. LBank Exchange offers its users secure crypto trading, specialized financial derivatives and professional asset management services. It has become one of the most popular and trusted crypto trading platforms with over 6.4 million users in over 210 regions around the world.
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