2.0tokenomics

MinePlex 2.0 Blockchain
MinePlex is a next generation digital ecosystem that creates advanced andmodern payment solutions. The company uses its own unique CrossFi
technology, which synthesizes the stability of traditional finance and thetransparency and security of blockchain technology.

In 2020, the MinePlex team developed a blockchain with two native tokens.
It is based on Tezos architecture with LPoS (Liquid Proof of Stake)consensus. This consensus allows any node in the network to be a validator.

The uniqueness of the blockchain lies in the fact that it has two nativetokens with limited emission, MINE and PLEX. MINE is a base token, a unit ofMinePlex blockchain computing power required to generate new PLEX
tokens on the network by staking them. A means of paying fees fortransactions on the blockchain. PLEX is a utility token that provides accessto the services and products of the MinePlex ecosystem. It is necessary forgeneration of new MINE tokens on the network through conversion.

The MinePlex ecosystem includes 9 services and products: modern payment
solutions for every day for all users anywhere in the world. They are based onthe MinePlex blockchain and work with MINE and PLEX tokens. This meansthat tokens have utilitarian functions and are directly used in services of theproject.

In 2022, bridges between the MinePlex blockchain and Ethereum (ETH)
networks were created to scale the system; Binance Smart Chain (BSC);
Polygon (MATIC).

The PLEX token is listed on 8 exchanges.

New MinePlex 2.0 Blockchain
Since the launch of the project, the main goal of MinePlex is to expand theinfluence of the blockchain and give users understandable and accessible
financial tools that will make using cryptocurrencies as easy as traditionalcurrencies. While developing new products and expanding MinePlex
ecosystem, we came to conclusion that, despite the uniqueness of theTezos blockchain architecture on which we created the MinePlex blockchain,
its throughput is not enough to implement all our plans.

Key problems of the MinePlex blockchain:Insufficient throughput of the Tezos architecture.
Low scalability of the MinePlex system, since many exchanges andprojects are not ready to work with the MinePlex blockchain.
Release of all MINE tokens into circulation and completion of the PLEX
emission in 2 years in 2025.
In 2022, the team decided on a major project update, a phased transition tothe new Tendermint Core architecture, and the creation of the second
version of the MinePlex blockchain.

Why Tendermint Core?
Tendermint Core is an open source blockchain startup software. It allows you
to create applications in any programming language. The key quality ofTendermint is speed. The transaction is included in the block in seconds anddoes not require time for confirmation.

Tendermint Core architecture is a Byzantine Fault Tolerant (BFT) consensus
protocol. It is secure and eliminates fraud, as the Tendermint algorithm
automatically blocks nodes that transmit incorrect information during thevalidation process.

Tendermint is used for scaling public PoS blockchains. The well-known
decentralized, scalable, interoperable ecosystem of interconnectedindependent Cosmos blockchains is based on the Tendermint Core.

Benefits of Tendermint:
Unlimited scaling opportunities
High throughput. The peak load can reach 1 million operations per second.
5 seconds block time with the possibility of reduction to 1 second,
Creation by users of their own custom coins in one click,
Creation by users on the basis of the blockchain of their own tokens withtheir own logic.

Key features of MinePlex 2.0 blockchain
At the heart of the new blockchain, as in the first version, there are twonative coins: XMine (MPX) and CrossFi (XFI). MPX is a non-volatile token withunlimited emission, while XFI is a volatile token with limited emission. In
terms of its functions, the MPX coin is comparable to the MINE token, andthe XFI to the PLEX token.

The XFI coin, like PLEX, will be used in all products and services of theMinePlex ecosystem: Wallet, Finance, Payment, Marketplace and others.

Consensus protocol - DPoS (Delegated Proof of Stake)
Block time - 5 seconds
Number of validators - 64
Number of votes required to make a decision - 51%

Veto power - ⅓ +1 vote

Placement of MPX in a stake (bond) - instantly
Return of MPX from a stake (unbond) - 15 days
Transaction fee - 1 MPX
XMine

Title

rossFiC

TickerMPX

XFI

PurposeUnit of computing
power

Means ofpayment

Initial emission

4 000 000 0000Maximum emission

Unlimited37

Number of decimal
places

1818Blockchain

MinePlex 2.0

MinePlex 2.0

How to get

Purchase in yourpersonal account forPLEX, exchange for XFIwithin the blockchain,
P2P

8 432 000 *harged for MPX
staking, purchaseon the exchange
after listing, P2P.
C

* The maximum emission available for mining for MPX staking. After thesecond stage of the transition to Tendermint, an additional emission will beissued and this indicator will be adjusted.

MPX COIN
MPX is a unit of blockchain computing power that is required to generatenew 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 personalaccount of our Collabor.Place partner. The exchange rate will depend on thevalue 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.

Distribution of funds from the implementation ofMPX
All funds coming from the MPX implementation have the following
distribution:
Team - 2.5%

Advisors - 2.5%

Marketing - 10%

XFI liquidity pool - 15%

Development and implementationof DeFI sector products - 35%

Development andimplementation of banking
sector products - 35%

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 1year. However, since the XFI coin rate will be market-based and traded on
exchanges, the payback and profitability of MPX can both decrease andincrease.

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 youpledge and how much MPX you reserve, your coin will have its own course inrelation to MPX. This mechanism allows you to mine the XFI token with yourcreated 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.

MPX emission model
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 willend 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 coindevelopment strategy. First of all, it is necessary for its listing on theexchanges. The first listings of XFI are planned 1 month after the launch ofthe genesis block. By this time, a certain demand will form for the token, andthere will be an understanding at what cost to start trading after listing.

XFI COIN
XFI is a liquid asset that will be used to unlock all products in the MinePlex
ecosystem along with the PLEX token.

XFI emission model

The emission of XFI coins is designed for 20 years and has 5 stages.
Number of blocks based on 1 block 5 seconds
1 minute
12Period

1 hour720

24 hour
17 280

Coins per block

365 days
6 307 200

4 years
25 228 800

Emission per period

1-4 years

5126 144 0004-8 years

4100 915 200

8-12 years

375 686 400

12-16 years

250 457 600

16-20 years

125 228 800

Total emission:

378 432 000

The internal exchange rate for XFI to MPX calculated after the launch of thegenesis block and before the listing of XFI on exchanges. The calculation
made according to a formula similar to the plexus complexity formula, which
determines the rate of the PLEX token to the MINE token. The maindifference is that the basic return is taken at 100% per year and takes into
account the average growth of the total MPX stake of 16.5% per month.

Formula for calculating basic return:

100/12 - 100/12*0.165 ~ 7%

XFI initial cost formula:( (P/100) * (M / E ) ) / B

R - basic return for staking = 7% in 30 days

B - number of blocks in 30 days = 518,400

M - total stake of MPX tokens = 4,000,000,000

E - emission of XFI tokens per block = 5Thus, the initial exchange rate of the XFI coin is ~ $1.

This calculation will not carry mathematical precision. It is needed to justify
the initial cost of XFI and its exchange rate when listed on the exchange.

The company strategy throughout the XFI emisson period will be aimed at100% MPX return per year. The marketing activities of the project, thedevelopment of new technologies and their implementation in otherecosystems, the release of new products, partner collaborations, theexpansion of the ecosystem and the geographical expansion of MinePlex

will be closely related to the company’s aim.

Rewards
The MinePlex 2.0 blockchain uses the DPoS (Delegated Proof of Stake)consensus protocol. All MPX holders can choose a validator and delegate
tokens to start XFI mining. This transaction is called a bond. After delegation,
MPX coins are immediately put into operation. Each new block of XFI coins isdistributed among the delegators in proportion to the MPX stakes.

Key features:
Given the technical characteristics of the blockchain, the reward for theblock/blocks may be less than the commission fee. Thus, the reward itself
is not yet a transaction of coins to your address. This is an event in theblockchain that does not require payment of commission fees. You canaccumulate rewards and then withdraw all of them in one transaction.
However, until you withdraw your rewards, you do not have access tothem.
When you delegate MPX to a validator, you cannot control them. To dothis, they must be returned from the stake. This transaction is called
unbond. Unbond takes 15 days. During this time, you do not receive any
rewards and do not have access to your MPX.
You can partially do unbond. You can select multiple validators fordelegation.

Validators
As in the first version of the blockchain, any user can become a network
node. However, the number of validators on the MinePlex 2.0 blockchainthat participate in consensus and validate blocks is limited. There can only be64 of them.

The first 64 nodes in terms of MPX token stake become validators.

Detailed documentation on node upliftWhat will happen to the first version of theblockchain and MINE and PLEX tokens?
The first version of the blockchain will run in parallel with the second one
until the last PLEX token is mined. For the duration of the parallel operationof the blockchains, all users will have an opportunity to mine both the PLEX
token and the XFI coin.