mobile banking project MinePlex (PLEX) rose after sharing a new token strategy. The price has risen over 183% in the past seven days, according to the data.
MinePlex (PLEX) price was trading at $0.109 on January 8th, while it rose to $0.309 this week. The price increased by more than 183% on average. Ranked 267th by market value altcoin It has increased by over 18% in the last 24 hours.
Koinfinans.com As we reported, the MinePlex blockchain is a mobile crypto bank with two native tokens. PLEX functions as the payment and asset token, while MINE acts as the system’s fixed value token. MinePlex rewards users in PLEX tokens. These rewards are available in the app as convertible to USDT or MINE for staking.
MinePlex stated that the company’s new strategy has helped raise the price of its native token PLEX.
“We have launched a new economic model for MINE and PLEX tokens, which allows us to increase demand and reduce PLEX supply. This was also reflected in token prices. The optimistic thoughts of the users increased after the development that the PLEX emission will be reduced by half.
In the next four months, the updated application will be released. The app will offer mobile bank features in euros, dollars and PLEX.”
Despite this week’s price hikes, PLEX is still down more than 87% from its all-time high of $2.45 in November 2021.