Mineplex Banking (MINE) Review

CryptoFreedom.me
2 min readMar 25, 2021

Join the innovative CrossFi project, combining the stability and liquidity of traditional financial instruments with the security and transparency of Blockchain technology https://mineplex.io

MinePlex Banking is an innovative mobile cryptobank of a new generation with its own liquid token. This is a single application where you can pay any bills and goods using cryptocurrency, make transfers and earn money by keeping tokens.

Advanced financial ecosystem in a single mobile app:

- Mobile Crypto Banking
- Crypto Wallet
- Transfers and payments
- Debit contactless card with automatic conversion of cryptocurrency to Fiat. Valid wherever Visa, Mastercard, and UnionPay systems are available.

MinePlex Blockchain:

The decentralized MinePlex system is built on the multi-stage architecture of the Tezos blockchain, which allows you to make changes and update the system without performing hard forks.

The most important element of the blockchain is smart contracts developed in the Michelson language, which is used in the aerospace industry, where the cost of error is particularly high.

The liquid Proof-of-Stake (LPoS) consensus algorithm combines the following advantages:
- simplicity,
- speed of operation,
- decentralization.

Tokenomics:

The MinePlex blockchain uses two native (base) tokens:

1. MINE — unit of computing power:

The maximum emission — 259 200 000 000
Nominal price — 0,01 USD (not volatile)
Method of receiving — purchase in your personal account, exchange for PLEX inside the blockchain, P2P.

2. PLEX — payment instrument:

- The maximum emission — 414 720 000
- Start price — 0,20 USD
- Method of receiving — given for staking the Mine token, buying on the exchange after listing, P2P

The non-volatility of the MINE token price and the project’s de-inflationary token emission model make the following advantages for users

The rate of the PLEX token in relation to the MINE token is calculated using the staking complexity formula. This means that the less PLEX token is given for a MINE token, the higher its value will be.

Since the price of the MINE token is constant and non-volatile, the price of the PLEX token changes predictably and consistently

Earn money with MINE tokens:

For storing MINE tokens on your wallet, you can earn up to 20% of your profit per month in the form of PLEX tokens. PLEX tokens can be exchanged for MINE tokens and income can be increased or profit can be fixed in cryptocurrency or fiat currencies

Learn more: https://www.cryptofreedom.me/

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