Explore MinePlex's transition to Tendermint Core, introducing two new tokens, XMine (MPX) and CrossFi (XFI) for a powerful financial ecosystem.
The future of the digital financial ecosystem MinePlex is set to change dramatically with its plans to shift to the new Tendermint Core architecture in a phased rollout. The transition is accompanied by the launch of two new tokens, XMine (MPX) and CrossFi (XFI), with target average payback of an MPX coin set at approximately 12 months. This upgrade, combined with MinePlex’s existing payment solutions, promises to provide users with a comprehensive, user-friendly, and secure financial ecosystem.
The tokens of the new MinePlex blockchain have similar functionalities. MPX is a non-volatile token that represents MinePlex’s blockchain computing power and is used to pay transaction fees and generate new tokens on the network through staking. XFI is a volatile utility token that provides access to MinePlex’s ecosystem services and products.
As the MinePlex 2.0 blockchain utilizes the DPoS (Delegated Proof of Stake) consensus protocol, MPX holders can choose a validator and delegate tokens to start XFI mining. Each new block of XFI tokens is then distributed proportionately among the delegators based on their MPX stakes.
According to MinePlex´s development strategy, the average payback of an MPX coin is about one year. However, since the XFI coin rate will be market-based and traded on exchanges, the payback and profitability of MPX can both decrease and increase.The initial MPX emission is 4,000,000,000, and the last MPX will be minted when the XFI token emission ends.
The primary objective of the project is to promote the adoption of blockchain technology by offering accessible and user-friendly financial tools that make it easy to use cryptocurrencies, just like traditional currencies.
MinePlex offers a wide range of products and services that provide advanced payment solutions for users worldwide. The MinePlex Wallet App for iOS and Android allows users to store and manage MinePlex ecosystem tokens and cryptocurrencies in one place. The Explorer tool provides users with blockchain data and analytics, such as price and turnover of MinePlex ecosystem tokens, transaction tracking, and wallet and pool information.
MinePlex Payment platform provides businesses with crypto-acquiring capabilities and payment solutions, including payment pages for accepting online payments in fiat and cryptocurrency, POS terminals, and tools for creating payment pages. MinePlex Finance, a new generation financial mobile platform, provides bank account and financial services online in euros, pounds sterling, and MinePlex tokens. Additionally, MinePlex Marketplace enables users to buy goods directly for ecosystem tokens, with a unique product staking tool that allows users to acquire items for a fraction of their cost.