While many cryptocurrencies in the market, such as Bitcoin (BTC) and Ethereum (ETH), are facing a devaluation of more than 6% in the last 24 hours, an unknown cryptocurrency focused on payments rose 59% in the same period, completely ignoring the cryptocurrency market downturn.

MinePlex (PLEX) caught the attention of the cryptocurrency market with the daily high of almost 60%, which in addition to the strong daily performance is also up 119% in the last 30 days. 

MinePlex is a mobile digital bank designed to offer users the ability to use cryptocurrencies and fiat currencies for payments, banking and transfers. Its ecosystem consists of four components: a payment system called MinePlex.Money; a trading platform, MinePlex.Payment; an online store, MinePlex.Marketplace; and a recently launched digital bank called MinePlex.Finance that connects PLEX tokens with major fiat currencies.

The MinePlex blockchain is based on 2 tokens. The MINE token, which is non-volatile, so it has a fixed value. This cryptocurrency gives access to the system’s services. The PLEX token has a predictable price increase due to a mathematical algorithm. PLEX acts as a payment instrument and as an asset. 

With these features of token pricing, MinePlex solves one of the main problems of the crypto industry: currency volatility. Additionally, it creates an opportunity for users to receive 20% per month by sending MINE tokens in a staking. Rewards are awarded in PLEX tokens, which can be converted to US dollars and the MINE token or sent to the exchange.According to CoinMarketCap, the price of MinePlex at the moment of writing this article is US$1,41 with a 24-hour trading volume of US$16.131.802. The token is currently number 2869 in CoinMarketCap’s ranking, with a live market cap not available. Even though the circulating supply is not available, the maximum supply is 414.720.000 PLEX coins.

Previous articleAdvantages and disadvantages of collecting your salary in bitcoin
Next articleAxie Infinity, the biggest cryptogame, collapses