INTERNET CITY, DUBAI, Feb. 14, 2022, ZEXPRWIRE, LBank Exchange, a global digital asset trading platform, will list Chainflix (CFXT) on February 16, 2022. For all users of LBank Exchange, the CFXT/USDT trading pair will be officially available for trading at 16:00 (UTC+8) on February 16, 2022.

Everyone watches videos, leaves comments and posts on various platforms nowadays, but the platform and content providers are the only ones benefiting monetarily from the data, traffic and advertising generated by the users. To address this issue, Chainflix (CFXT) is building a real user-centered 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 16:00 (UTC+8) on February 16, 2022, to further expand its global reach and help it achieve its vision.

Introducing Chainflix

Chainflix is a real user-centered video platform that all participants build together. Not only content creators upload videos but viewers and storage providers can and do as well. And participating users are incentivized according to their contribution.

With Chainflix, viewers can watch videos and communicate through comments and share while mining coins. When users are watching videos on the platform, without special plug-ins or hardware needed, coins are mined, a portion of which is rewarded to users. Moreover, users can get additional incentives when they watch advertisements.

Content creators can upload videos to Chainflix and receive rewards just by having viewers watch the videos and of course, they can receive additional profit from advertising. Rewards generated by video views will be deposited to their wallets the next day, and content providers can check their earnings in real-time.

The key innovation of Chainflix platform is the AI-based distributed storage system. Instead of relying on a centralized CDN (Content Delivery Network), Chainflix allows for any individual to contribute their storage to a distributed storage pool. The AI controller will automatically distribute the files to the different storages of the storage pool depending on the file size and traffic of the video. The storage provider will receive coin rewards when the videos stored in their storage are streamed to the viewers. 

Owning the South Korean patented blockchain technology, Chainflix currently has 3,520 distributed storages from more than 10 different countries and users from 157 countries. The incentives users will get are Chainflix coins (CFX), which are mined when a video is watched and are then paid to users.

About CFXT Token

The CFXT is an KCT token obtained by converting Chainflix coin (CFX), it can be transferred to the exchange market and cashed through transactions. Users can also later use CFXT coins to donate to the other users, purchase items, and participate in decentralized governance.

To earn CFX coins, users can just watch videos and ads, coins are mined during that process and then a portion of the mined coins are distributed to the viewers. Uploading videos as a content creator can also earn CFX rewards when their videos are watched, as well as providing storage space. 

For cashing-out, users can simply convert those acquired CFX coins to CFXT tokens, then withdraw CFXT tokens to an exchange market that has listed it, and trade them. The CFXT token will be listed on LBank Exchange at 16:00 (UTC+8) on February 16, 2022, investors who are interested in Chainflix investment can easily buy and sell CFXT on LBank Exchange by then. The listing of CFXT on LBank Exchange will undoubtedly help it further expand its business and draw more attention in the market.

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About LBank Exchange

LBank Exchange, founded in 2015, is an innovative global trading platform for various crypto assets. LBank Exchange provides its users with safe 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 from now more than 210 regions around the world.

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