MinePlex is a mobile cryptocurrency bank with liquid tokens.) and blockchain. The creators of this technology aimed to combine liquidity and stability of traditional financial instruments with the transparency and security of blockchain technology.
One of the main problems with current cryptocurrency users is the inability to pay with cryptocurrency just like the traditional currencies. Thus, the platform MinePlex was developed with the vision to render basic banking services for the daily use of digital assets. Services include giving rent and utility bills with cryptocurrency, transferring digital assets between bank accounts, receiving salaries, sending interbank payments, etc. The integrated blockchain solution simplifies user identification and eliminates the risk of fraud.
The MinePlex banking ecosystem includes below-mentioned services that allow users to manage the crypto assets in everyday life:
This blockchain is based on dual token functionality that are MINE and PLEX. MINE token is non-volatile token with fixed value that gives access to the system's services. The PLEX token are the tokens used to make payments and reward users on the platform. PLEX is deflationary in nature which means the token supply reduces with time. This feature of token pricing allows the user to solve one of the main problems of the crypto industry which is currency volatility. The fluctuation in valuation is called currency volatility.