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.

Learn more about MPX

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.

Coming soon

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.

What does bridging mean in crypto?

In crypto, bridging refers to transferring assets or data between different blockchain networks. This allows tokens or information to move across blockchains that otherwise operate independently. Bridging enables interoperability, allowing users to seamlessly utilize their assets and participate in decentralized applications (dApps) across multiple blockchain ecosystems.

What does tokenize mean?

Tokenized refers to converting assets or rights into a digital token on a blockchain. This process allows physical or intangible assets (like real estate, art, or intellectual property) to be represented, traded, and managed digitally. Tokenization enhances liquidity, transparency, and accessibility, enabling fractional ownership and easier transactions within decentralized finance (DeFi) and other blockchain applications.

What is incentivization in a crypto project?

In a crypto project, incentivization refers to offering rewards to encourage specific behaviors or user contributions. This can include distributing tokens for activities like staking, providing liquidity, participating in governance, or promoting the project. Incentives help drive engagement, adoption, and development, ensuring active participation and support from the community and stakeholders.

What does EVM compatible mean?

EVM compatible refers to blockchain platforms or networks that are compatible with the Ethereum Virtual Machine (EVM). This means they can run smart contracts and decentralized applications (dApps) designed for Ethereum without modification. EVM compatibility ensures that developers can use the same code, tools, and frameworks across multiple blockchains, facilitating interoperability and simplifying the deployment of Ethereum-based applications on different networks.

How does a liquidity pool work?

A liquidity pool allows users to deposit token pairs into a smart contract, creating a pool of funds. Traders can then swap tokens within the pool. Prices are determined by an Automated Market Maker (AMM) algorithm based on the token ratios. Liquidity providers earn fees from each trade, proportional to their pool share.

How to buy an MPX coin?

You can buy MPX directly for USDT on CrossFi platform. There are three simple steps to becoming an MPX owner: place an order, make a deposit, and complete the operation. Get started: https://get.crossfi.org/get-mpx

eMPX

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