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  • The crypto project has its chain dubbed the MinePlex blockchain, created on the Tezos architecture with the LPoS (Liquid Proof of Stake) consensus.
  • With a multi-chain sense of the future, MinePlex is connected via a chain bridge to the Ethereum (ETH), Binance Smart Chain (BSC), and Polygon (MATIC) networks.

Mineplex, a blockchain inter-financial platform using the liquidity of traditional instruments, has benefited significantly from the recent volatility in crypto. While Bitcoin trades comfortably around $21,000, Mineplex’s native PLEX token jumped over 14% in the past 24 hours to trade at $0.2339 on Monday. According to the company, the recent PLEX rally is largely attributed to the introduction of MINE tokens to increase the liquidity of the former.

According to aggregate data from Binance-backed Coinmarketcap, Mineplex (PLEX) has a market capitalization of approximately $72,757,684 and a 24-hour trading volume of approximately $5,031,909.

Founded in 2020 and based in Singapore, the company has launched 8 real products in the crypto market. Notably, the project has its chain dubbed the MinePlex blockchain, created on the Tezos architecture with the LPoS (Liquid Proof of Stake) consensus.

The MinePlex blockchain is unique in that it has two native tokens MINE and PLEX. Notably, the MINE token is a basic unit of the computing power of the MinePlex blockchain, necessary to generate new PLEX tokens on the network by staking them. PLEX tokens, on the other hand, are a utility coin that unlocks access to services and products in the MinePlex ecosystem.

With a multi-chain sense of the future, MinePlex is connected via a chain bridge to the Ethereum (ETH), Binance Smart Chain (BSC), and Polygon (MATIC) networks.

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MinePlex and Crypto Market Outlook

The crypto market, led by the Bitcoin and Solana ecosystems, rebounded significantly after the implosion of FTX and Alameda. Small-cap altcoins saw higher volatility as FOMO traders take short-term profits. The MinePlex team has created products to support the future growth of their network in the face of competition from other blockchain projects.

Watching the development of the project, you see how powerful teamwork can be. It is the community that makes the success of the project, not its creator or a single person,

Alexander Mamasidikov, CEO and co-founder of MinePlex noted.

Collectively, MinePlex has over 200,000 subscribers with over 40,000 wallets. With 6 MinePlex offices – in Europe, UAE and South America – the company plans to expand its services to global markets in the future. Some of Mineplex’s notable projects include the MinePlex Wallet mobile app, MinePlex Payment, and MinePlex.Finance, among others.

With disruptive products in emerging markets, the Mineplex project predicts exponential growth in the upcoming crypto bull market. Moreover, some market analysts believe that a crypto correction is imminent following a parabolic rise with weak consolidation.

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