CrossFi PriceXFI

What is CrossFi (XFI)?

CrossFi (XFI) is the native utility coin of the CrossFi Chain, a modular Layer 1 blockchain designed to bridge traditional banking systems with decentralized finance. The project positions itself as a comprehensive DeFi ecosystem that enables users to access crypto-based financial services with the simplicity of fiat. The CrossFi App, described as a next-generation digital banking solution, allows users to manage both fiat and cryptocurrencies in a single non-custodial platform, supporting features such as card issuance, cross-border transfers via SWIFT and IBAN, and peer-to-peer transfers by card or phone number.

The CrossFi Chain combines Cosmos-based architecture with Ethereum Virtual Machine compatibility, creating a unified financial ecosystem. It operates on a dual-coin system: MPX supports network operations, while XFI is central to user interactions, including payments, transaction fees, and access to decentralized applications. XFI has a maximum supply of 378,432,000 coins, with an emission period running from 2023 to 2043. The project originated from MinePlex, founded in 2020 and headquartered in Singapore, and has since evolved into a broader ecosystem that includes the CrossFi Foundation, DeFi products, and developer initiatives.

Key Specifications & Tokenomics

• Name: CrossFi
• Ticker / Symbol: XFI
• Consensus: Tendermint Byzantine Fault Tolerance (BFT) engine; Delegated Proof of Stake (DPoS)
• Smart Contracts: Ethereum (contract address displayed on CoinMarketCap as 0xc8ce...486a54)
• Category: DeFi, Ethereum Ecosystem, Arbitrum Ecosystem, Smart Contract Platforms
• Max Supply: 378,432,000 XFI
• Total Supply: 88.04M XFI (CoinMarketCap)
• Circulating Supply: 70,269,511 XFI (CoinMarketCap)
• Emission Period: 2023–2043
• Emission Rate: 12 XFI per minute; 720 per hour; 17,280 per 24 hours; 6,307,280 per 365 days
• Block Emission Schedule: Years 1–4: 5 coins per block (126,144,000 XFI); Years 5–8: 4 coins per block (100,915,200 XFI); Years 9–12: 3 coins per block (75,686,400 XFI); Years 13–16: 2 coins per block (50,457,600 XFI); Years 17–20: 1 coin per block (25,228,800 XFI)
• Inflation/Deflation: Inflationary during the 20-year emission period, with the rate decreasing every four years; becomes deflationary after emission ends through burning of base transaction fees in the EVM layer
• CertiK Rating: 4.1
• Official Website: https://crossfi.org
• Whitepaper / Documents: https://crossfi.org/documents/

Who created CrossFi?

CrossFi originates from MinePlex, a digital ecosystem founded in 2020 and headquartered in Singapore. The founder and CEO is Alexander Mamasidikov, described as a digital marketing expert and strategist with extensive experience in blockchain technology. The core team includes Phillip Alexeev as Chief Growth Officer, Dmitrii Shmakov in Investor Relations, and Fedor Bogorodsky as Banking Director at Cross Finance. The broader leadership team brings experience in fintech, and the project states it includes founders and executives of leading Web3 companies. The organization reports over 700 DeFi team members and has developed a community across 68 countries. The CrossFi Foundation operates as a self-regulated non-profit organization dedicated to ecosystem development and scaling.

How does CrossFi work?

CrossFi Chain is a modular Layer 1 blockchain consisting of two integral components that function as a single organism: a Cosmos-based layer and an EVM-based layer. The Cosmos layer handles essential blockchain functions including consensus, block production, transaction creation, and new coin emissions. It utilizes Tendermint's Byzantine Fault Tolerance engine and the Cosmos SDK, providing modular architecture with scalability that can reach 1 million operations per second. The EVM layer facilitates interaction with smart contracts and the deployment of decentralized applications, leveraging Ethermint and Evmos for full EVM compatibility, interoperability, and transaction anonymity.

The dual-coin system is central to the network's operation. MPX supports network operations and is non-volatile, while XFI is volatile and central to user interactions such as accessing applications, making payments, and covering transaction fees. All MPX holders can delegate their coins to start XFI mining, and each new block of XFI coins depends on the delegates served by MPX stakes. XFI functions as a fee payment tool across both the Cosmos and EVM layers. The emission model is technically deflationary over its full distance, as the total supply will never reach the peak of 378,432,000 coins due to the burning of base transaction fees in the EVM part of the chain.

What makes CrossFi unique and valuable?

CrossFi's primary value proposition lies in its ability to synthesize traditional financial instruments with the transparency, security, and efficiency of blockchain solutions. The project addresses the gap between DeFi and real-world financial services by offering a platform where users can manage both fiat and cryptocurrencies seamlessly. The CrossFi App provides integrated banking features including non-custodial payments, allowing users to link Visa and MIR cards directly to decentralized wallets like MetaMask, ensuring full custody of funds held on smart contracts.

The chain's dual-layer architecture combining Cosmos and EVM compatibility enables both blockchain-native and traditional finance use cases within a single ecosystem. The emission model is designed so that the supply of XFI will gradually decrease while the utility model increases demand, potentially causing a shortage in the open market. The CrossFi Foundation further supports the ecosystem through grant initiatives, hackathons, and ambassador programs aimed at expanding XFI's utilitarian functions and increasing demand. The project's mission is to overcome the financial isolation of the blockchain community and make cryptocurrency part of the global financial system.

What is CrossFi used for?

XFI is the utility coin used across all Cross Finance ecosystem applications and services. It provides access to all products and services of the ecosystem, serving as a means of payment in the CrossFi Card and as the payment method in the CrossFi App. XFI opens access to all decentralized applications built on the CrossFi Chain, allowing users to earn income on DEX platforms and in the DeFi application xAPP by CrossFi. It functions as a fee payment tool across both the Cosmos and EVM layers of the CrossFi Chain.

One guaranteed way to receive XFI throughout its entire issue period, regardless of exchange rate, is through MPX coin staking. The token also enables various transactions and interactions within the platform, including participation in DeFi products such as LP tokens, swaps, bridges, staking, escrow, and rewards. The CrossFi App allows users to manage multi-currency cards with the option to link to selected currencies, with every transaction hashed and traceable through a blockchain explorer for transparency.

How Is the CrossFi ecosystem developing?

The CrossFi ecosystem encompasses a range of products and initiatives. The CrossFi App serves as a Web3 bank merging traditional banking capabilities with blockchain technology, offering card issuance, non-custodial payments, global accessibility through SWIFT and IBAN, competitive currency exchange, and multi-currency card management. The CrossFi Card provides a means of payment with associated security features and a business card option. DeFi products include xApp, LP tokens, swap, bridge, staking, escrow, xUSD, and rewards. Tools such as XFI Scan and XFI Console support network interaction.

The CrossFi Foundation organizes events, developer awards, grant initiatives, and hackathons to attract third-party developers and expand the ecosystem. Foundation sections include Users, Creators, CrossFi Evolution, Hackathon, Developers, and Validators. XFI was listed on LBank Exchange on January 22, 2025, with the XFI/USDT trading pair seeing a 52% increase since listing. The project continues to develop its community across 68 countries and maintains documentation through its GitBook and blog resources.

How to mine CrossFi?

XFI is not mined through traditional proof-of-work. Instead, XFI is generated through a staking mechanism tied to MPX, the non-volatile coin of the CrossFi Chain. All MPX holders can delegate their coins to start XFI mining, and each new block of XFI coins depends on the delegates served by MPX stakes. This process is part of the network's Delegated Proof of Stake consensus model, where validators participate in block production and receive rewards.

The XFI emission period runs from 2023 to 2043, with a total emission of 378,432,000 coins. The emission rate decreases every four years according to a predetermined schedule. MPX staking represents one guaranteed method to receive XFI throughout its entire issue period, regardless of the exchange rate. The emission model is designed to be technically deflationary over its full distance, as base transaction fees in the EVM layer are burned, reducing the total supply over time. After the emission ends, XFI acquires a deflationary character as the total supply begins to decrease.

How to keep your CrossFi Coin safe?

Keeping XFI safe requires attention to both custody practices and platform security. The CrossFi App operates as a non-custodial solution, meaning users' funds are held on smart contracts and no third party can access them. This design allows users to link Visa and MIR cards directly to decentralized wallets like MetaMask while retaining full custody. Users should ensure they control their private keys and seed phrases when using non-custodial wallets, and never share these credentials with anyone.

CrossFi maintains a CertiK rating of 4.1, which provides an independent security assessment of the project. Every transaction on the CrossFi App is hashed and traceable through a blockchain explorer, guaranteeing transparency and allowing users to verify transaction integrity. When interacting with the CrossFi Chain, users should verify contract addresses and official URLs, use hardware wallets for significant holdings where supported, and stay informed through official channels including the project's X account and Telegram community. As with any cryptocurrency, XFI is subject to price volatility, and users should exercise caution and conduct their own research before participating in the ecosystem.