What is Mineplex

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About MinePlex

Key Points

  • MinePlex is a mobile crypto bank with its own blockchain and liquid token.
  • Two tokens: MINE (non-volatile, fixed value) and PLEX (predictable price increase).
  • MINE token gives access to system services, while PLEX is a payment instrument and asset.
  • PLEX token pricing solves currency volatility, offering 20% monthly rewards in PLEX tokens.
  • Decentralized system built on Tezos blockchain with Liquid Proof-of-Stake (LPoS) algorithm.
  • Founders: Vladislav Babitsky (CTO) and Alexander Mamasidikov (CMO), experts in fintech and blockchain.</

About MinePlex: Pioneering the Future of Digital Finance

Introducing MinePlex: A Revolutionary Financial Ecosystem

MinePlex is a pioneering mobile crypto bank, boasting its own blockchain and liquid token. As the architect of innovative CrossFi technology, it seamlessly merges the stability and liquidity of traditional financial instruments with the unwavering security and transparency of blockchain technology.

The MinePlex blockchain is founded upon a dual-token system. The MINE token, boasting a fixed value, grants access to the platform’s services, while the PLEX token, driven by a mathematical algorithm, is designed to appreciate in value over time. Serving as both a payment instrument and a valuable asset, PLEX enables the mitigation of one of the most pressing issues plaguing the cryptocurrency landscape: volatility. Furthermore, this innovative pricing mechanism presents users with an opportunity to earn a substantial 20% monthly return by staking MINE tokens. The rewards, dispensed in PLEX tokens, can be seamlessly converted to USDT or the MINE token, or alternatively, sent to an exchange for further utilization.

The decentralized MinePlex system is built upon the multi-layered architecture of the Tezos blockchain, enabling seamless updates and modifications without the need for hard forks. The innovative Liquid Proof-of-Stake (LPoS) algorithm is designed to ensure ownership of MINE tokens, distinguishing itself from Delegated Proof-of-Stake (DPoS) systems. In LPoS, the address itself is delegated, rather than the tokens, thereby guaranteeing users uninterrupted access to their tokens, which can be utilized or reassigned to a different delegate (Plexus Pool) at their discretion.

The Visionaries Behind MinePlex: Meet the Founders

The MinePlex team comprises over 50 specialists with diverse expertise in the financial and cryptocurrency sectors, who collectively drive the development of innovative products, cutting-edge processing solutions, and strategic project promotion.

Vladislav Babitsky, Chief Technology Officer of MinePlex, is a seasoned developer with a decade-long tenure in the IT industry, commencing in 2010. Throughout his illustrious career, he has successfully spearheaded the implementation of over 50 projects, spanning diverse domains such as e-commerce, fintech, blockchain, medicine, computer vision, and GPS monitoring. Notably, he has contributed to the development of high-profile government projects in Russia, Belarus, the United States, China, select European regions, and the United Arab Emirates.

Alexander Mamasidikov, Chief Marketing Officer of MinePlex, is a seasoned expert in the realms of cryptocurrency and digital marketing. With over 13 years of experience in developing and executing PR strategies, he has been instrumental in shaping the narrative of various global fintech and blockchain projects since 2015. Notably, he has been recognized as one of the top 20 blockchain entrepreneurs by Publish0x. Additionally, he serves as the Founder and Director of the IEO Agency.

Unveiling the Unparalleled Advantages of MinePlex

One of the primary pain points for over 100 million cryptocurrency users is the inability to utilize digital currencies on an equal footing with traditional fiat. MinePlex aims to bridge this gap by offering fundamental banking services that facilitate the seamless integration of digital assets into daily life, including the ability to pay rent and utility bills, transfer digital assets and fiat between bank accounts, receive salaries, and initiate interbank payments, among other essential transactions.

Cryptobank MinePlex is a cutting-edge mobile application that offers a comprehensive suite of banking services. By eliminating the need for physical branches, we streamline operations, reduce costs, and save time. Our sophisticated processing is designed with the utmost convenience in mind for each individual client. Furthermore, our blockchain solution ensures seamless user identification and significantly minimizes the risk of fraudulent activities.

The MinePlex banking ecosystem encompasses a comprehensive suite of services, empowering you to effortlessly manage your crypto assets on a daily basis:

  • A comprehensive crypto bank, accessible 24/7 within a mobile application, offering a complete suite of banking services,
  • a secure and intuitive crypto wallet,
  • and innovative crypto cards.

The Circulating Supply of PLEX Coins: A Closer Look

The total supply of the PLEX token is capped at 414,720,000. On October 3, 2020, at 09:00 UTC, the genesis block of the MinePlex network was successfully launched, marking the commencement of the PLEX token issuance.

The PLEX token issuance issue arises with each new block, approximately every minute, and is subdivided into four distinct stages.

Ensuring Unwavering Security: The MinePlex Network’s Fortified Foundation

MinePlex is built on the Tezos blockchain, which leverages smart contracts crafted in the Michelson language, renowned for its robustness and reliability. Notably, this language has been successfully employed in the aerospace industry, where the stakes are exceptionally high, and the margin for error is virtually nonexistent, thereby ensuring the utmost safety and integrity of the system.

Where to Acquire MinePlex (PLEX) Tokens: A Comprehensive Guide

The PLEX token has been successfully listed on the esteemed Estonian stock exchange, STEX, a regulated platform. Currently, the prominent trading pairs, PLEX/USDT and PLEX/BTC, are available for investors.

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