This market allows users to buy gadgets in exchange for their staked crypto assets

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The CrossFi Marketplace developed by MinePlex has launched a new feature that will allow customers to purchase electronic gadgets and peripherals for as little as 10% of their original price. This offering is made possible by the introduction of the innovative commodity staking functionality provided by the underlying decentralized financing solutions.

The launch of MinePlex Marketplace comes at a time of increased demand for decentralized financial services and practical solutions capable of disrupting traditional supply chains in retail. The steadily rising prices of consumer goods in international markets give the company enough reason to believe that the commodity market and staking function will prove to be in high demand among digital asset enthusiasts and may help attract newcomers to the cryptocurrency space.

Staking of raw materials allows users to purchase products for a fraction of their original price by staking MinePlex’s native tokens dubbed MINE. Products can be collected from points of sale at the end of the staking period determined on the basis of pledged assets. The length of the bidding period depends on the size of the contribution of the initial price of the product. A mathematical formula determines the staking term, calculating it in blocks equivalent to one minute per block. The percentage off the original price of the product is calculated in relative minutes. For example, 50% off a $ 1,000 device will equal 259,200 blocks, or a 6 month wagering period.

“The commodity staking feature is a great financial alternative to credit loans, which result in higher prices. Our model, instead, offers a no-cost alternative to lending on products with a relatively available product – time – which is quite valuable in the crypto space when it comes to staking returns, ”such as said Alexander Mamasidikov, CEO of MinePlex.

The MinePlex project is a next-generation mobile crypto bank backed by a native liquid token. The company offers a unique blend of traditional financial solutions, blockchain technology, and the convenience of a mobile app. The main goal of the MinePlex project is to create a reliable mobile crypto-banking application that can simplify the use of cryptocurrencies on a global scale for bill payments, purchases of goods and services, as well as value generation and management of digital asset portfolios.

The wide range of services provided by MinePlex make using MinePlex Marketplace simple and convenient for both experienced and new to digital currency holders. MinePlex Banking app and created MinePlex wallet allow users to make instant transfers and track wallet performance as well as current status of PLEX and MINE tokens, with recent transaction histories, plexus pools and even more.


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