MinePlex Ecosystem Announces Massive Network Upgrade With New Tokens Seeing The Light

MinePlex, the digital ecosystem that creates advanced and modern payment solutions, announces a phased transition to the new Tendermint Core architecture and the launch of two new tokens to the MinePlex ecosystem, which users will be able to profitably stake for up to 20 years. The project’s main goal is to expand the influence of blockchain technology and give users accessible and understandable financial tools that make the use of cryptocurrencies as easy as traditional currencies.

The transition to the Tendermint Core architecture offers several benefits, including unlimited scaling opportunities, high throughput, and a Byzantine Fault Tolerant consensus protocol that is secure and eliminates fraud.

The new blockchain will have two native coins: XMine (MPX) and CrossFi (XFI). MPX is a non-volatile unit of MinePlex blockchain computing power required to pay transaction fees and generate new tokens with a target average payback of an MPX coin set at approximately 12 months, while XFI is a volatile utility token that provides access to the services and products of the MinePlex ecosystem.

MinePlex’s strategy supposes that the XFI emission period will last 20 years. Since XFI will be traded on crypto exchanges with its price depending on the market situation, the basic return on staking may fluctuate. As the MinePlex 2.0 blockchain uses the DPoS (Delegated Proof of Stake) consensus protocol, MPX holders can choose a validator and delegate tokens to start XFI mining, and each new block of XFI coins is distributed among the delegators in proportion to their MPX stakes.

The MinePlex’s business model and development strategy are built on a mathematical algorithm, with the average payback of an MPX coin is approximately one year. The emission of MPX will end along with the emission of the XFI token. The initial emission of MPX is 4,000,000,000, which is part of the XFI coin development strategy.

The launch introduction of two new coins to the MinePlex ecosystem, along with the transition to the new Tendermint Core architecture, is a significant step forward, with users of the MinePlex ecosystem undoubtedly benefitting from the project’s upgrades and innovations.

MinePlex offers a range of products and services that provide advanced payment solutions for users worldwide. The MinePlex Wallet App for iOS and Android allows users to create wallets, store, and manage MinePlex ecosystem tokens and cryptocurrencies in one place. The Explorer tool provides users with all blockchain data and analytics, such as price and turnover of MinePlex ecosystem tokens, transaction tracking, and wallet and pool information.

The 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 also offers Finance, a new generation financial mobile platform that provides bank account and financial services online in euros, pounds sterling, and MinePlex tokens. Additionally, its MinePlex Marketplace platform enables users to purchase goods directly for ecosystem’s tokens, with a unique product staking tool that allows users to obtain items for a fraction of their cost. 

Blockchain and the MinePlex team have been audited by the well-known cybersecurity firm Certik. MinePlex has secured $100 million in financial backing from digital asset investment firm GEM. To provide a smooth fiat experience, MinePlex has formed a partnership with a major Brazilian bank, which enables users to issue VISA and MasterCard cards and access all conventional banking services.