MPX COIN
Last updated
Last updated
MPX is a unit of blockchain computing power that is required to generate new XFI coins on the network. It is also a means of paying transaction fees.
MPX coin can only be purchased for PLEX token and XFI coin in the personal account of our Collabor.Place partner. The exchange rate will depend on the value of PLEX and XFI on exchanges.
The nominal value of MPX is 0.01 USDT and is not subject to volatility. For example, if the exchange rate of the PLEX token is 1 USDT, when you convert PLEX to MPX, you will receive 100 MPX.
All funds coming from the MPX implementation have the following distribution:
The economy and development strategy of the new MinePlex 2.0 blockchain is built in such a way that the average payback of an MPX coin is about 1 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.
All owners of the MPX coin will have an opportunity to create their own custom coin in one click. The main feature is that in order to create custom coins, it will be necessary to reserve MPX. Depending on what emission you pledge and how much MPX you reserve, your coin will have its own course in relation to MPX. This mechanism allows you to mine the XFI token with your created coins. For example, if you create 1,000 of your coins and reserve
10,000 MPX, then each of your coins will be equal to 10 MPX.
The MPX coin is computing power, it does not have a specific emission. However, it is impossible to say that it is unlimited. The emission of MPX will end along with the emission of the XFI token, which has a clear algorithm designed for 20 years.
The release of new MPX tokens to the network is possible only for the PLEX token and the XFI coin.
The initial emission of MPX is 4,000,000,000, which is part of the XFI coin development strategy. First of all, it is necessary for its listing on the exchanges. The first listings of XFI are planned 1 month after the launch of the genesis block. By this time, a certain demand will form for the token, and there will be an understanding at what cost to start trading after listing.
