eMPX Token: Unlocking the Power of Tokenized MPX on CrossFi Chain

The eMPX token is a liquid, EVM-compatible asset within CrossFi that provides unparalleled DeFi flexibility and tradability while preserving the scarcity and value of the native MPX token.

Overview of eMPX: Tokenized MPX on CrossFi EVM

The eMPX token is an innovative asset that seamlessly integrates within the EVM (Ethereum Virtual Machine) layer of CrossFi. It provides users with unparalleled flexibility to participate in the wider DeFi ecosystem. As a liquid and EVM-compatible version of the MPX token, eMPX maintains the limited supply characteristic of MPX, thus preserving its value through scarcity. Unlike MPX, which is native to CrossFi’s Cosmos layer and non-tradeable within that environment, eMPX can be freely traded, sold, or purchased within the EVM framework. This makes it a highly appealing asset for users already familiar with Ethereum-based tokens.

The Need for eMPX

In the CrossFi ecosystem, MPX is the native consensus coin and is essential for staking and obtaining XFI, which is the primary gas and utility token. However, MPX’s non-tradeable nature within the Cosmos portion of CrossFi’s blockchain stack poses limitations. To address this, eMPX has been introduced. It allows users to access additional utilities within the CrossFi EVM ecosystem.

Emission

eMPX accounts for 10% of the initial MPX supply, translating to a total of 400,000,000 eMPX tokens. These tokens will be released over a 5-year vesting schedule, ensuring a controlled and gradual introduction to the market, which helps maintain stability and value.

Liquidity Pool and Incentivization

To foster active participation and liquidity within the ecosystem, the CrossFi Foundation will establish a dedicated liquidity pool for eMPX. Users contributing to this pool will receive incentives in the form of XFI tokens through the xAPP platform. This strategy aims to create a vibrant and liquid market for eMPX, ensuring ease of trade and utilization within the ecosystem.

Tokenomics

Token Utilities

Beyond its trade ability, eMPX offers robust functionality within CrossFi’s xAPP:

1. Bridging to Cosmos: eMPX can be bridged to the Cosmos layer, becoming eligible for staking rewards like regular MPX. This flexibility allows users to benefit from both the EVM and Cosmos environments.
2. Liquidity Provision: In the xAPP, users are incentivized to provide eMPX liquidity, receiving continuous XFI rewards alongside trading fees for the pool. This dual reward system enhances user engagement and benefits.

How to Participate

Buying and Selling eMPX

Users can acquire eMPX through various exchanges and decentralized exchanges (DEXes) where the token will be listed (details to be announced). Once acquired, eMPX can be held as an investment, used for transactions, utilized in the xAPP, or traded.

Bridging eMPX to MPX

To bridge eMPX to MPX, users will follow a straightforward and secure process facilitated by the CrossFi platform (details to be announced). This conversion enables users to stake their MPX and participate in Cosmos network rewards.

Providing Liquidity

Users interested in providing liquidity can add their eMPX to the designated liquidity pool. In return, they will receive XFI tokens as incentives, aligning their contributions with tangible and attractive ecosystem rewards.

Invest in the Future

Join the first eMPX public offering on Republic. Don’t miss out on this incredible opportunity to invest in eMPX, the liquid version of MPX with powerful utilitarian functions for XFI. The eMPX-MPX-XFI triad is shaping the future of finance right now. Here are key details about the public sale:

• The opportunity window closes on August 3rd
• $100 minimum investment

After the sale, seize the chance to earn passive income with eMPX staking. Secure your spot by signing an official token purchase agreement with Republic. Learn more about the investment summary and how eMPX is expected to appreciate in the CrossFi ecosystem here. Invest today and be part of the future with eMPX.

Conclusion

eMPX represents a strategic expansion of MPX’s utility within the CrossFi ecosystem. It offers users the flexibility of EVM compatibility while maintaining a strong connection to the native Cosmos environment. By participating in the eMPX liquidity pool, bridging tokens for additional rewards, and engaging with the token on the EVM layer, users can maximize their involvement and benefit from the innovative financial solutions offered by CrossFi.

Embrace the future of decentralized finance with eMPX and explore the endless possibilities within the CrossFi ecosystem today!