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eMPX

Discover eMPX, a liquid, EVM-compatible version of MPX coin with limited emission. The eMPX token creates additional opportunities for users to earn money in the EVM part of the CrossFi Chain and guarantees the reliable and secure operation of the blockchain network.

Tokenized MPX on CrossFi EVM

As a tokenized MPX, eMPX provides users with participation in the broad DeFi ecosystem. eMPX has a limited issue, as do XFI coins, which guarantees the preservation of the token's value in conditions of scarcity. The eMPX token provides huge opportunities for users in the EVM CrossFi Chain to buy, sell, and trade. This creates its advantages and makes it an attractive asset for Ethereum enthusiasts and all crypto users.

MPX is CrossFi's cosmos native consensus coin, and staking MPX is the exclusive means of acquiring XFI, the primary gas and utility coin for the broader CrossFi ecosystem. The MPX token is not inherently tradeable within the Cosmos part of CrossFi's blockchain stack. Therefore, we are introducing eMPX so users can freely trade MPX and unlock additional utilities in CrossFi's EVM ecosystem.

Tokenomics eMPX
Emission
eMPX token will account for 10% of the initial MPX supply. Total MPX emission is 4,000,000,000. So, the total supply for eMPX will be 400,000,000 tokens. These tokens will be released over a 5-year vesting schedule as detailed below.
5 - Year Token Distribution
Liquidity Pool and Incentivization

The CrossFi Foundation will establish a liquidity pool specifically for eMPX to encourage active participation and liquidity provision within the ecosystem. Users who contribute to this pool by providing liquidity will be eligible for incentives in the form of XFI tokens in xAPP. This incentivization strategy aims to foster a vibrant and liquid market for eMPX, ensuring that users can easily trade and utilize the token within the ecosystem.

Token Utilities

Unlike the native MPX coin in the Cosmos part of the CrossFi Chain, eMPX token, EVM compatible, is not only liquid and available for trading, but also has reliable functionality in CrossFi xAPP.

By owning an eMPX token, you have the opportunity to get bridged to Cosmos and become eligible for staking rewards like regular MPX at any moment. The MPX can be bridged back again to be traded, exchanged, and more.

In CrossFi’s xAPP, users will be directly incentivized to provide eMPX liquidity in exchange for continuous XFI rewards alongside trading fees for the pool.

eMPX Benefits
eMPX Benefits

eMPX represents a strategic expansion of the MPX utility within the CrossFi ecosystem, offering 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 Cross Finance.

FAQ

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