Whitepaper
v.3.0whitepaper
CONTENTS
Introduction ......................................................................................................................... 3
01 Market overview........................................................................................................... 4011 Banking services market overview.................................................................. 5
012 Cryptocurrency market overview ................................................................... 6013 Digital wallets market overview ...................................................................... 7
014 The project’s potential audience analysis ................................................. 9
02 Problematic ..................................................................................................................11
03 MinePlex ecosystem ............................................................................................... 12031 MinePlex.Auth ...........................................................................................................13
032 MinePlex.Wallet .......................................................................................................13
033 MinePlex.Explorer ................................................................................................. 14034 MinePlex.Money .................................................................................................... 14035 MinePlex.Finance .................................................................................................. 15036 MinePlex.Payment ............................................................................................... 16037 MinePlex.Market .................................................................................................... 17038 P2P exchanger ....................................................................................................... 18039 Fiat transactions .................................................................................................... 18
04 MinePlex blockchain ............................................................................................ 19
05 Tokenomics ................................................................................................................. 21051 Technical specifications of tokens ............................................................... 21052 MINE token emission ......................................................................................... 22053 PLEX token emission ......................................................................................... 22054 MINE token Plexus .............................................................................................. 23055 Plexus Pool ............................................................................................................... 23056 Plexus cycles ........................................................................................................... 25057 Plexus difficulty ..................................................................................................... 26058 Bridges ....................................................................................................................... 28
06 Development strategy ......................................................................................... 29
07 Key benefits of the project ................................................................................ 30
08 Legal information ................................................................................................... 31
09 Contacts ........................................................................................................................36
2

CONTENTS

MinePlex is an innovative CrossFi project that combines the stability andliquidity of traditional financial instruments with the security and transparencyof blockchain technology.

We create an ecosystem of products for everyday use of
cryptocurrencies anywhere in the world:
paying bills, buying goods, saving and increasing assets.

MinePlex's mission is to expand the influence of Blockchain
and fully integrate it into real life spheres, to present
accessible, clear and simple financial tools for using
cryptocurrencies and fiat.

In order to implement the project, we are developing our own uniqueblockchain with a Liquid Proof-of-Stake (LPoS) consensus algorithm, which
combines such advantages as simplicity, operating speed and decentralisation.
MinePlex Debit Card Issue will allow you to use cryptocurrency every day
without restrictions or commission overpayment. The system’s own token will
give access to all the benefits of the service. MinePlex Banking cards will workwith payment systems such as Visa, MasterCard and UnionPay around theworld.
The system's own token gives you access to all the benefits of the service. Oneof our features will be the gradual addition of tokens created by project users
to the MinePlex.Banking list.

3

INTRODUCTION

Market overview
The banking industry is undergoing a paradigm shift. To the first place in thelist of strategic tasks comes digital transformation and overall readiness toinnovative changes. Blockchain solutions are becoming mainstream in thefinancial and technological fields.
In January 2020, the Capgemini consulting company identified 10 main trends
in the banking industry for the current year.
In 4th place on the list is the need to implement blockchain technologies, withthe help of which banks can achieve the following advantages:
simplify user
identification;

reduce the riskof fraud;

store data from different
sources on a single securedatabase;

cut down expenses.

Blockchain and Digital Wallets Come to the ForeIn 2022, cryptocurrencies and other digital assets are no longer
secondary instruments. Bank customers increasingly want to buy,
store, and trade them.
According to a survey among banking executives conducted by
KPMG, the largest auditing company, most banks use or plan tooffer users:
92% blockchain processes (e.g. smart transactions,transparency, trust),
85% digital wallets.

401 MARKET OVERVIEW

011 BANKING SERVICES MARKETOVERVIEW
The market capitalization of the global banking sector increased by 39.62% injust one year - from the second quarter of 2020 to the second quarter of 2021
year. The volume grew by 2.1 trillion euros, from 5.3 trillion to 7.4 trillion.
According to digital banking statistics, by 2024 the total number of online andmobile banking users will exceed 3.6 billion people. The digital banking
services market in the same year will reach $ 9 trillion.

14%

45%

71%

2.4
BLN

growth of the digital banking
services market;

of international banks arefocused on building digital
ecosystems to improvecustomer service andincrease revenues;of banks invest in
cybersecurity;

MasterCard credit cards
were in circulation at theend of 2022 in the world;48%

of managers are confident thatin the next 10 years banks will
become exclusively digital andvirtual;66%

of bank executives believe thatnew technologies will drive theglobal banking business in thenext 5 years;

131%

853,9
BLN

increase in the limit ofcontactless transactions on
average worldwide in 2020;

billion purchases will bemade by holders of majorcards in 2028, increasing
the amount by 131% overthe next 10 years.

The key solution of MinePlex Banking will be a customer-oriented mobilebank with access to services and digital assets for any user.

5

01 MARKET OVERVIEW

012 CRYPTOCURRENCY MARKETOVERVIEWIn April 2020, Deutsche Bank suggested that the pandemic would speed up
the process of central banks creating their own digital money. At the sametime, the People’s Bank of China (PBoC) announced plans to test its national
digital currency (DECP) in 2020 and the next digital currency in 2022.
In 2021, Vietnam took the first place in the Global Cryptocurrency Adoption
Index. In 2022, bitcoin is recognized as the official currency in El Salvador. The
Central African Republic has legalized bitcoin as a means of payment. In
Japan, Germany, Singapore and other countries, cryptocurrency is regulated at
the legislative level.
The steady growth of the industry and the introduction of cryptocurrencies will
support the growing demand for trade, ease of money transfers and crossborder transactions.

Market value of cryptocurrencies

3

6,73

USD BILLION
2021

USD BILLION2025

The capitalization of the crypto market in November 2021 exceeded $3 trillion.
The main cryptocurrencies are Bitcoin (BTC), Ethereum (ETH), Ripple (XRP),
Bitcoin Cash (BCH), Litecoin (LTC) and Tezos (XTZ).
Most of the market in the next 5 years will be held by Bitcoin and Ethereum .
For the more convenient use of cryptocurrency, there are bitcoin ATMs.
On June 1, 2020, there were 7,962 ATMs in the world, and by January 1, 2021
13,928. Different types of bitcoin ATMs allow you to buy andeven sell bitcoins.

601 MARKET OVERVIEWHowever, they have significant problems:

geographical limitation (84,7% of ATMs arelocated in the USA);

cash-only purchase, purchase limit.

MINEPLEX BANKING’S GOAL is to remove restrictions on
the purchase, sale and use of cryptocurrencies. Using themobile app, the client will be able to safely store, trade andborrow against digital and traditional assets. All this on justone platform.

013 DIGITAL WALLETS MARKETOVERVIEW
Since the creation of the first cryptocurrency (Bitcoin), the number of digitalwallets has been growing steadily. In October 2020, there were over 101
million crypto users. At the end of 2022, their number exceeded 402 million.

7

01 MARKET OVERVIEW

“Bitcoin looks more attractive because other assets are notprofitable ... These results confirm the trend we are seeing in
the market in increasing interest in digital assets and theiracceptance as a new investment asset class”
TOM JESSOP, the president of Fidelity Digital Assets.

Number of cryptocurrency users in millions

7

01 MARKET OVERVIEW

014 THE PROJECT’S POTENTIAL
AUDIENCE ANALYSIS
The growth of mobile banking users is due to many factors: convenience,
speed, availability and economic benefits. The absence of an office is a sign of a
popular new type of bank (the so-called non-bank).

3,6 bln - digital banking users worldwide in 2024.

Audience of crypto users and bank customersof customer under 54
years use mobile
payment services;

Accordingto age:30%

According
to demand:70%of clients when choosing a bank look for stable
online and mobile banking services;56%

will refuse human contact in the bank if serviceson the mobile application are cheaper (or free).

857%

of cryptocurrency
users are under theage of 34. 29% arebetween 35 and 44
years old.

01 MARKET OVERVIEWFor transfers between accounts users choose:48%

mobile bank;38%

online bank;44%

online banking.

14%

other methods.

For paying bills:

41%

mobileapplications;

MinePlex.Banking aims to provide the maximum benefit fromdigital currencies and mobile banking technologies.
Customers will be able to:reduce expenses when using theapplication;
save time when contacting the bank;
be confident in the reliability and securityof their funds.

9

01 MARKET OVERVIEW

02 Problematic
MinePlex banking was created to solve key user problems

Problem

MinePlex Banking solution

Limited use of digital assets, payment
option only in industries that accept
cryptocurrencies.

Convenient use of cryptocurrencies every day
anywhere in the world.

Multiple security threats: hacking,malfunction, fraud.

All user funds and transactions are secured
using blockchain technology and reliable
encryption algorithms.

Outdated banking platforms andequipment.

Modern technologies, use of smart
contracts to increase automation.

Long transfers (over a few days).

All payments are made within one
minute.

P2P exchanger through sites withadditional registration, waste of time andfees to pay.

Reliable and safe cryptocurrency exchange
in one place, without unnecessary
procedures and with minimal fees.

You can’t withdraw large amounts,
there’s a risk your card will beblocked.

Legal purchase and sale ofcryptocurrencies, receiving money to theaccount in full. The bank cannot block thecard without a reason.

Freezing accounts without warning theuser.

Transparency of bank-client relationsand visibility of all transactions.

Detachment, often a lack of interest in theclient’s problems.

Personalised advice, decision support.

10

02 CHALLENGES

03 MinePlex ecosystem
MinePlex.Authauthorization service for ecosystemproducts

MinePlex.Wallet
Mine and Plex tokens wallet, Swap to
BSC and Eth

MinePlex Blockchain

MinePlex Banking
a set of products integrated with each otheramong themselves

MinePlex.Explorer
MinePlex.Payment Systempayment system

the main transaction processing
service of the network

MinePlex.Financecryptobank

MinePlex.Moneyelectronic money

MinePlex Bridgea set of applications for communication
between other cryptocurrency nodes
and the MP wallet

MinePlex.Cryptowallet
multi-currency cryptocurrency wallet

MinePlex.Marketplace
ecommerce platform for selling products/services

11

03 MINEPLEX ECOSYSTEM

031 MinePlex.Auth
A single entry point to the MinePlex
ecosystem, allowing you to work
conveniently and comfortably with all
products.
One of our main priorities is security, so
MinePlex.Auth has implemented threemodules that are responsible forsecuritization:
security module;
module for checking the entereddata;
module for storing and coding
user's personal data.

032 MinePlex.Wallet
Multicurrency e-wallet, mobile
application for iOS and Android tomanage funds.
The ability to securely store andmanage more than 20 top currencies
and tokens - send and receive them,withdraw/exchange them, exchange
them.

12

03 MINEPLEX ECOSYSTEM

033 MinePlex.Explorer
MinePlex.Explorer is a system forstoring public data.
Displays up-to-date information about
the current status of PLEX and MINE
tokens, recent user transactions,general information about wallets andentanglement pools.
One of the central tools of the
MinePlex blockchain.

034 MinePlex.Money
MinePlex.Money is an electronic payment system for internal and external
payments based on PLEX electronic money.
Allows users to pay for purchases at MinePlex.Market, third-party stores, send
and receive money transfers.

MinePlex.Money provides:
transaction data storage(cards, users' bank accounts);
acquiring goods and services using PLEX;conversion of
cryptocurrency into fiat currency and withdrawal tobank account or card.

13

03 MINEPLEX ECOSYSTEM

035 MinePlex.Finance
MinePlex.Finance is a new generation financial mobile platform. This is a
CrossFi product that combines the stability and liquidity of traditional financial
instruments with the security and transparency of blockchain technology.
Bank account and financial services online in euros, dollars, sterling pounds
and PLEX tokens in a mobile phone. 24/7, anywhere in the world, without
visiting bank offices and queues.
In MinePlex.Finance, you can create accounts in fiat currencies and PLEX
tokens, make bank transfers around the world, make transactions, order virtualand physical cards to pay for purchases online and offline. Access to thecapabilities of CrossFi technology in one click.

Multicurrency card - in your phone!
virtual and physical card:
SWIFT transfers,by phone number;
PLEX payment from cardoffline/online;
Google Pay, Apple Pay;
withdrawal from an ATM.
replenishment:
another bank card;
topping up the card from the wallet in PLEX;
multicurrency:
crypto and fiat - in one app.

1403 MINEPLEX ECOSYSTEM

036 MinePlex.Payment
MinePlex Payment is a crypto acquiring platform for businesses. Allows you todevelop a business and connect the acceptance of cryptocurrency payments.
Convenient and easy entry into the crypto industry for business:
accepting online payments in fiat and cryptocurrency,choosing the currency for payment,
MinePlex's own POS terminals: cash register, terminal and receipt printer,internal conversion and withdrawal of funds,
marketing tools, etc.
MinePlex is a single digital platform that supports the acceptance of all
payment instruments and allows a merchant to work with fiat andcryptocurrency according to a common algorithm in a single matrix of tariffs,
settlements and clearing.

14

03 MINEPLEX ECOSYSTEM

037 MinePlex.Market
MinePlex.Market is a trading platform with a wide network of partners andassortment for sellers and buyers, with instant settlements and payments
between them, regardless of their region of presence.
The ability to buy goods directly for PLEX tokens. An innovative commodity
staking tool allows you to get a product for a part of its cost.

15

03 MINEPLEX ECOSYSTEM

038 P2P EXCHANGERThe MinePlex Banking Exchanger allows you to quickly and securely sell andbuy cryptocurrency software and display it in a single mobile application.
The client account is tied to the crypto wallet, saving your time and simplifying
the exchange process. Euros and dollars will be accepted as payment.
МЛНWith the P2P exchange you can:perform profitable cryptocurrency exchanges directly between users;
find the best exchange rates;
purchase cryptocurrency using a card or bank transfer.

039 FIAT TRANSACTIONSMinePlex Banking provides traditional mobile banking services for fiat
currencies. A feature of the bank is the safety and transparency of operations
due to blockchain technology.

You can perform transactions with the following advantages:
the bank cannot unilaterally block your card;
the ability to perform transactions with large amounts of money;
perform automatic conversions when travelling abroad.

16

03 MINEPLEX ECOSYSTEM

04 MinePlex blockchain
The creation of a reliable mobile cryptobank has become possible thanks toblockchain technology. To confirm security, banking systems apply formal
verification.
The details of the parties are compared (sender’s address, recipient’s address,
signatures, etc.). Based on it, a decision is made whether the operation(transaction) is genuine or not.
However, in classical banking systems, the verification is performed by thebank itself. Thus, a third party arises between the sender and the recipient,which is the central controlling authority. There is no guarantee that theverification will be transparent and that the bank will not make a knowingly
false decision. In addition, all funds are under the control of the bank.
Blockchain technology performs the verification in a decentralised way. It
takes place through the consensus of all network participants (nodes).
Transactions take place directly from user to user, and only the owner of thefunds has access to them.

6,18%ПРОГНОЗ РОСТА
НА 5 ЛЕТ

А

А

B

B
Classic system:
centralized with a thirdcontrolling party.

17

Blockchain system:
decentralised and without athird party.

04 BLOCKCHAIN MINEPLEXIn blockchain, a pre-written code is responsible for making a decision
regarding the authenticity (validity) of each transaction. The main problem ofthis approach is the fact that if an error is found in the code, it can lead to thefailure of the entire system and the need for a hard fork. This process istechnically complex and can take a long time.

MinePlex Blockchain features

The MinePlex decentralised system is built on the multistage Tezos blockchain architecture, which allows changes
and updates to be made without hard forks.

Blockchain’s important element is the smart contracts
developed in Michelson, the language used in theaerospace industry where the cost of error is particularlyhigh.

The MinePlex Blockchain speeds up and simplifies crypto fiat transactions:a single application to access cards and wallets is protected by several
security levels;
buy and sell cryptocurrency and fiat in seconds without leaving yourwallet;utilities payments, loan repayments, sending a transfer incryptocurrency and Fiat;
all transactions are performed directly. They can be verified bytransaction participants because they remain in the record registry;
the security protocol in a decentralised system automatically blocks
fraudsters.

18

04 BLOCKCHAIN MINEPLEX

05 Tokenomics
The MinePlex Banking ecosystem is based on 2 tokens: MINE and PLEX.

MINE is a basic token, a means of paying internal commissions.
It is a unit of MinePlex blockchain computing power required to generate
new Plex tokens in the network.

PLEX – liquid token with limited issue. The PLEX token is issued forevery new block, i.e. once a minute.
Due to the fact that the issue is limited and its speed and size
decreases over time, the PLEX token is deflationary in nature.

051 TECHNICAL SPECIFICATIONS OF TOKENS
TickerPurposeunit of computing power

payment tool

Initial Issue

259 200 000 000

0Maximumissue

259 200 000 000

414 720 000

Number of digits after
the comma

4 characters

4 characters

Blockchain

MinePlex

MinePlexpurchase in a personal account,exchange for PLEX
inside the blockchain, P2P

is charged for plexus of theMine token, purchase on theexchange after listing, P2P

19

05 TOKENOMICS

052 MINE TOKEN EMISSION
01
The MINE token emission is 259 200 000 000.

02
10% of the emission (25 920 000 000 MINE) is a reserve fund for MinePlex
Banking. These tokens will form an initial stake, which in turn will provide thestarting course of the PLEX token to the MINE token.

03
20% of the emission (51 840 000 000 MINE) will be allocated for sale throughyour personal account.

04
70% of the emission (181 440 000 000 MINE) will be on a special smart contractthat exchanges PLEX tokens for MINE tokens inside blockchain.

053 PLEX TOKEN EMISSION
The emission of PLEX tokens is divided into 4 stages. For each stage 25% of thetotal emission will be issued - 103 680 000 PLEX.
Stage

1

2

3

4

Emissionper block

600

300

150

75

Blocksper stage

172 800

345 600

691 200

1 382 400

2 592 000

Emissionper stage

103 680000

103 680000

103 680000

103 680000

414 720000

TOTAL

The size of 1 block is 1 minute.

20

05 TOKENOMICS

054 PLEXUS OF MINE TOKEN
01

To get the right to receive a share of the PLEX token, which is
generated in each block, a Plexus of the Mine token must be done.
Plexus can be compared to stacking. However, in the Liquid Proof-ofStake (PoS) algorithm, the stake itself means the ownership of MINE
tokens.
Unlike Delegated Proof-of-Stake (PoS), the address itself is delegated,
not tokens. So users always have access to their tokens and can use
them or change the delegate (Plexus Pool) at any time.

055 PLEXUS POOL
The Plexus Pool (hereinafter referred to as PP) is responsible for generating
new blocks and confirming them in the MinePlex Banking blockchain. To
organise a PP, you need to expand the node of the MinePlex Banking networkand have a minimum stake of 1 MegaMine (hereinafter - - MM) = 1 000 000
Mine.

Block creation.
To create a new block, 1 PP is randomly selected. The more MM a particular PP
has, the more likely it is that the system will select it to create a new unit and it
will receive a reward. Only full MMs are included in the queue.
For example, if the total stake in PP is 1 999 999 Mine, it will be 1 MM for thesystem. Under these conditions, the average monthly reward for this PP will be
10%, as opposed to 20%.

21

05 TOKENOMICABlock confirmation
To confirm a block, 30 PP are randomly selected, which means that the queue
for block confirmation falls 30 times more often than for its creation.

Rewards for blocks
The maximum reward per unit is 600, 300, 150 and 75 PLEX tokens respectively,
depending on the emission stage.
The maximum reward is paid if the block was created with ‘0 priority’ and it
was confirmed by 30 PPs. The block has ‘0 priority’ if it was created precisely by
the PP that was assigned.
Distribution of rewards for a block with ‘0 priority’:

1.666%

is paid to the confirmingPPs.

1.666%(multiplied by) the number ofconfirming PPs is paid to the PP
which created the block.

Therefore, for the creation of a block, PP will not receive more than 50% of thetotal maximum reward for the block + commissions for transactions made inthis block.
Distribution of rewards for a block without ‘0 priority’

1.111%

is paid to the confirmingPPs.

0,250%(multiplied by) the number ofconfirming PPs is paid to the PP
which created the block.

Therefore, for the creation of a block, PP will not receive more than 7.5% of thetotal maximum reward for the block + commissions for transactions made inthis block22

05 TOKENOMICA

Insurance deposits:

6 000
MINE

For block creation 0,6% of MM

200
MINE

For block signature 0.02% of MM

Insurance deposits are frozen for 5 plexus cycles as rewards for creating andsigning blocks.
Delegator
Any user who for any reason is unwilling or unable to organise their own
personal PP can delegate their address to one of the PPs. The PP may charge a
fee for providing their services.

056 PLEXUS CYCLESThe plexus process is divided into cycles, which means that the right to create
and confirm blocks is distributed among Plexus Pools on cycles, but not on
separate blocks. The rights are distributed 5 cycles ahead.

For example, there is the 10th cycle and the rights to create and sign blocks inthis cycle are distributed for the15th cycle, in the 11th cycle for the 16th, etc.1
cycle is 1 440 blocks (24 hours).
The full plexus cycle is 12 cycles:
01 After the address delegation, it will be in the queue for 2 cycles.
02 After 2 cycles, MINE tokens located on the address will be used in the
distribution of rights to create and sign blocks, and the status of theaddress will be confirmed.
03 After 5 cycles, the first reward will be accrued and the address status will
become active.
04 The reward will be frozen during the next 5 cycles.

23

05 TOKENOMICATherefore, a full plexus cycle is the time from sending MINE tokens to the staketo receiving the first reward from the PLEX token, which is 12 cycles. If the
Plexus Pool has free PLEX tokens, it can pay rewards to its delegators as soon
as they are received - 7 cycles.
The full plexus cycle is valid when the Plexus Pool is changed or when theaddress is topped up with Mine tokens.

057 PLEXUS COMPLEXITY
The plexus complexity determines the exchange rate of the PLEX token for
the MINE token inside the blockchain and is calculated using the following
formula:PD = ( (P / 100) * (M / E ) ) / B

CONSTANSVARIABLE

Р – basic profitability for plexus, which is
20% for 30 days;

М – total stake of MINE tokens;Е – emission of tokens per block.

В – number of blocks for 30 days = 43 200.

The logic behind the formula using the initial parameters of the PLEX token
as an example:
PD = ( (20 / 100) * ( 2 592 000 000 / 600 ) ) / 43 200

01

20 / 100 – with this action we express the basic profitability for plexus
in fractional form = 0,20.

02 2 592 000 000 / 600 – determine the size of the stake in MINE tokens
required for mining 1 (one) PLEX token per block = 4 320 000 MINE.

03 0.2 * 4 320 000 – determine the size of the basic award in MINE
tokens for 30 days = 864 000.
04 864 000 / 43 200 – determine the complexity of plexus = 20.

24

05 TOKENOMICAThe formula fidelity proof
The MINE token is used as the basis for calculating the basic profitability in the
MinePlex network, since it is the basic unit of computing power and isnecessary to pay commissions.
For a stake equal to 4 320 000 MINE a 20% reward for 30 days will be 864 000
MINE.
A stake of 4 320 000 produces 1 PLEX token per block. This means that 43 200
PLEX will be produced in 30 days ( the number of tokens produced per block (1PLEX) is multiplied by the number of blocks in 30 days (60*24*30), as a result,
we get 43 200 PLEX ).
Multiply the number of PLEX tokens by the complexity of the entanglement
43 200 * 20 = 864 000 MINE.
Thus, receiving PLEX tokens per plexus, the average monthly yield in MINE
tokens is 20%. PLEX tokens can be exchanged for MINE tokens and stake canbe increased for more rewards. Or you can fix the profit by selling both MINE
and PLEX tokens.
This formula is linear. The value of plexus complexity changes in proportion to
the change in variables (the total stake of MINE tokens and the emission of
tokens per block).

25

05 TOKENOMICA

058 Bridges
To scale the ecosystem, bridges have been created between the MinePlex
blockchain and networks
Ethernet (ETH);
Binance Smart Chain (BNB);
Polygon (MATIC).
Bridges allow the migration of MINE and PLEX tokens to various blockchainsand participate in DeFi protocols and list on DEX.

26

05 TOKENOMICS

06 MinePlex development strategy

The goal of the MinePlex team is to become a publicly available
international financial service and to take a leading position in mobile
cryptobanking.
The MinePlex development strategy will help to scale up the user
network.

To do this, we implement:

PR and marketing campaign;

Listing on the TOP cryptocurrency exchanges;

Develop our own applications for iOS and Android platforms,
with access to them in the corresponding application stores;

Cooperation with payment network service providers,such as Visa, MasterCard, UnionPay;

Introduction of services such as Apple Pay, Google Pay;

Partnerships with foundations.

26

06 DEVELOPMENT STRATEGY

07 Key features of the MinePlex
and benefits for end users

Cash withdrawals fromany ATM

Payments for purchases
and services around theworld without restrictions.

Use your debit card
anywhere in theworld.

Making international
payments and transferswith minimum fees.

Storage of all assets in
one secure location

Creating savings.

Direct exchange of
cryptocurrencies and Fiatcurrencies without
intermediaries.

27

07 KEY PROJECT BENEFITS

08 Legal information
The White Paper was prepared by MinePlex Banking to provide interested
parties with information regarding the project and the MINE platform and
PLEX liquid token used on the platform.
Please read the disclaimer before you start reading the White Paper. MinePlex
Banking reserves the right to make changes to the White Paper.
Regardless of whether this White Paper is read in whole or in part, it is not andshould not be regarded as any form of legal, financial, tax or other professional
advice.
You should seek independent professional advice before making your own
decision about whether to receive any MinePlex tokens.
You are responsible for any estimates, risks and decisions you make inconnection with the purchase of MINE and PLEX tokens.
The tax regime to which MinePlex tokens will be subject is undefined. All
persons wishing to receive MinePlex tokens should seek independent tax
advice before deciding to receive any tokens.
MinePlex makes no representation as to whether or not there may arise any
tax implications from the purchase or ownership of MinePlex tokens.
This white paper, and any accompanying oral presentation, does not include aprospectus or admission document, and is therefore not and shall not beinterpreted as an offer, an invitation to sell, or an offer to subscribe for or topurchase any shares or other securities, or any other organisation throughwhich projects promoted by MinePlex shall be conducted and/or developed.
This White Paper and any part thereof may not be distributed in any
jurisdiction where the offer of tokens in the manner set forth in this White
Paper is regulated or prohibited.

28

08 LEGAL INFORMATION

Any distribution of this White Paper and the offer and/or sale of MinePlex
tokens may be restricted by law in certain jurisdictions. It is the responsibilityof each recipient of this document to inform themselves and to comply withany applicable legal requirements. You may not and shall not purchase
MinePlex tokens if you are a citizen or resident of: (i) the United States ofAmerica, (ii) Malaysia, (iii) Japan, or (iv) any country, state or territory where thepurchase of tokens or cryptocurrencies is prohibited. By viewing this White
Paper or buying MinePlex tokens, you hereby represent and warrant that you
are allowed to do so by law and assume full responsibility for compliance withapplicable laws and regulations.
Certain statements and opinions in this document are forward-looking andreflect MinePlex’s current expectations and projections regarding the possible
development of MinePlex and its future projects.
Statements including the words «expects», «plans», «believes», «projects»,«will», «aims», «may», «future», «further», «continuation» and similar statements
are deemed as having a forward-looking or perspective nature. By theirnature, forward-looking statements involve a number of risks, assumptions
and uncertainties that could potentially cause actual results or events to differ
materially from those expressed or implied in the forward-looking statements.
These risks and uncertainties include:changes in the conditions of the stock or cryptocurrency market, as well aschanges in the regulatory environment in countries where MinePlex shall
operate;changes in the competitive environment in which MinePlex operates;
the risk that MinePlex may not be able to implement its plans and projects
or may not have sufficient funds to continue its operations;other factors independent of MinePlex.

MinePlex disclaims any obligation or any forward-looking statement.
MinePlex makes no representations or warranties in this White Paper.

29

08 LEGAL INFORMATIONThe contents of this White Paper have not been independently verified, andtherefore MinePlex makes no representations or warranty, express or implied,
as to the accuracy or completeness of the information or opinions contained
herein.
MinePlex does not and shall not be liable in any way for any loss arising,directly or indirectly, from any use of or otherwise in connection with thisinformation.
The national and international regulatory framework governing blockchain
technology and distributed registries in general and related applications is in
the process of clarification and is therefore subject to change. It is possible thatthe interpretation and application of existing laws and regulations may be
modified or adapted, and may also be subject to legislative initiatives at thenational and international levels.
Clarification and making changes to the regulatory framework may adversely
affect the MinePlex token without any of our influence on these events. This
includes, in particular, the risk that the MinePlex tokens purchased may not be
used or may no longer be used as originally intended due to regulatory
restrictions, may become unusable and/or the MinePlex platform may need tobe adapted to the regulatory environment.
By accepting this document, each user hereby agrees that the information
contained herein may not be used by them for any purpose other than toacquaint themselves with MinePlex and its proposed projects mentioned inthis White Paper.
A MINE token is hereby a utility token and its ultimate utility shall depend on
the platform’s successful development on which it is intended to operate.

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08 LEGAL INFORMATIONMINE and PLEX tokens are hereby not digital payment tokens as defined in the
Singapore Payment Services Act.
MinePlex tokens are not securities as defined in the Singapore Securities andFutures Act («SFA»). Accordingly, the SFA does not apply to the issue of
MinePlex tokens. For the avoidance of doubt, the offer of MinePlex tokens
must not be accompanied by any prospectus or information and noprospectus or information must be submitted to the Monetary Authority ofSingapore («MAS»).
MinePlex tokens are intended for people familiar with cryptographic tokens
and blockchain-based software systems. Smart contracts implemented onblockchain may consist of flaws, vulnerabilities or issues that could lead totechnical problems or complete loss of MinePlex tokens.
s. The acquisition of MinePlex tokens does not constitute a cryptocurrency
brokerage for any form of shares or securities and does not confer any right toany dividends, interest or similar financial rights. MinePlex tokens arefunctional service tokens that will be used on the MinePlex platform.
MinePlex activities may be interrupted, suspended or delayed due to force
majeure. In this White Paper, force majeure shall be interpreted as
extraordinary events and circumstances and includes: natural disasters, armed
conflicts, war, civil unrest, industrial action, epidemics, lockouts, prolonged
power or communication outages, actions of municipal, state or federal
government agencies, other circumstances beyond MinePlex’s control.
In order to control and manage the MinePlex tokens stored in your digitalwallet, you will need a private key or a combination of private keys.
Accordingly, the loss of the required private key(s) associated with your digitalwallet or storage where your MinePlex tokens are kept shall result in the loss ofthese MinePlex tokens.

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08 LEGAL INFORMATIONIn addition, any third party that gains access to such private key(s), including
by accessing the accounts of the hosted wallet you are using, may
misappropriate your MinePlex tokens.
Any errors or failures caused by or otherwise related to the digital wallet or
storage to which you have chosen to receive and store your MinePlex tokens,
including your own failure to properly maintain or use this digital wallet or
storage, may also result in the loss of your MinePlex tokens.
In addition, your failure to follow the exact procedures established regarding
purchasing and receiving MinePlex tokens, including, for example, providing
an incorrect personal wallet address or providing an address that is
incompatible, may result in the loss of your MinePlex tokens.
Hackers or other malicious groups or organisations may attempt to interferewith our website or MinePlex tokens in a variety of ways, including but notlimited to malware attacks, «denial of service» attacks, consensus attacks, Sybil
attacks, smurfing and spoofing.

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08 LEGAL INFORMATION

09 Contact

mineplex.io
info@mineplex.io

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09 CONTACT