MPX

Mint Power (MPX)

MPX is a governance coin of CrossFi Chain, a non-volatile coin with unlimited emission. A unit of computing power in the CrossFi Chain is required to generate new XFI coins on the network through staking. A means of paying transaction fees in the Cosmos part of the blockchain.

Distribution of funds

Distribution of funds from the implementation of MPX

The initial issue of MPX was 4,000,000,000. All funds coming from the MPX implementation have the following distribution:

$ APR

APR is an annual interest rate calculated to measure the yield of MPX coin staking, excluding compound interest.

APR has a dynamic value that can change at any time. APR directly depends on the XFI coin rate, the total MPX stake in the network, and is calculated using the following formula:

Constants:

B - number of blocks per year (6,307,200)
E - XFI emission per block (5), changes every 4 years according to the emission algorithm.
MP - MPX rate (0.02$)

Variables:

XP - XFI rate ($)
M - total MPX stake in the network
Since the stake is in MPX and the rewards come in XFI, the interest rate is calculated in $ to MPX.

Example:

XP = $1.59
M = 10 000 000 000 MPX
With these rates, the APR is 25%. A stake of 50,000 MPX ( $1,000 ) will yield 148 XFIs for the year, which will be worth $250 (12,500 MPX).

As can be seen from the formula, when the XFI price increases, the APR MPX indicator increases and vice versa. As the total MPX staking increases, the APR MPX indicator decreases and vice versa. The overall MPX staking can be called the technical demand for the XFI coin.

However, thanks to the XFI utility model, there will be excellent market demand for it when users need coins at the moment, and they will purchase them on the open market. According to our forecasts, the growth rate of market demand will exceed the growth rate of technical demand, which, together with the relational model of XFI emission, will give a positive vector of movement towards an increase in the APR MPX indicator.

More about XFI

Get coins

Get MPX coins

Buy MPX for USDT on the official CrossFi platform.
Convert XFI to MPX in the XFI Console.

Buy MPX Get MPX

Staking

MPX staking is a long-term passive earnings tool for supporting the decentralization of the CrossFi Chain network. All MPX holders can vote for essential changes and updates on the blockchain network and propose their proposals. In addition, if you are an XFI holder, when the APR MPX indicator increases, it rises for the entire time while you are mining XFI and holding them.

Start staking

eMPX Token

Explore eMPX, a liquid EVM-compatible version of MPX coin with limited emission. eMPX is designed to operate seamlessly within the EVM layer of CrossFi, allowing users to engage in the broader DeFi ecosystem. It mirrors the limited supply characteristic of XFI, ensuring that the token’s value is preserved through scarcity. eMPX can be freely traded, sold, or purchased within the EVM framework, making it an attractive asset for users familiar with Ethereum-based tokens.

Learn more

Where to buy MPX crypto?

You can buy MPX directly for USDT on the official CrossFi platform. Three simple steps to becoming an MPX owner are placing an order, depositing, and completing the operation. Get started: https://get.crossfi.org/get-mpx

What is the minimum XFI/MPX pair exchange amount?

There is no minimum amount for XFI/MPX convert. You can exchange any amount of coins at https://xficonsole.com.

How to convert XFI to Mint Power?

Convert XFI to Mint Power (MPX) in 3 steps on https://xficonsole.com. Log in to the platform, select the amount you want to convert, and click the Convert button. More details: https://docs.crossfi.org/crossfi-foundation/additional-mpx#step-1

What are the fees for converting XFI to MPX?

You pay a standard commission of approximately 1 MPX for sending XFI to Cosmos as part of the CrossFi Chain.

What is APR?

APR (Annual Percentage Rate) is the annualized cost of borrowing money or the annual return on an investment, expressed as a percentage. It includes the interest rate plus additional fees or costs, providing a comprehensive measure of the total cost. APR helps consumers compare different financial products by showing the true yearly expenses or earnings.

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.

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