FAQ

1. Why does CrossFi Chain use two tokens?

CrossFi Chain utilizes MPX and XFI to optimize network functionality. MPX operates within the Cosmos-based segment for staking, transaction fees, and network governance participation. XFI is used in the EVM-based segment for transaction fees, smart contract interactions, and decentralized applications (dApps).

2. What is a Layer 1 blockchain?

A Layer 1 blockchain is a base network that handles security, consensus, and transaction processing without relying on additional layers or external solutions. CrossFi Chain is a Layer 1 blockchain, providing its own independent infrastructure.

3. What is an EVM blockchain?

An EVM blockchain is a network compatible with the Ethereum Virtual Machine (EVM), enabling the execution of smart contracts written in Solidity or Vyper. EVM compatibility facilitates seamless migration and development of dApps between networks. The EVM layer in CrossFi Chain allows developers to deploy smart contracts, expanding the ecosystem’s capabilities.

4. What is the role of a cross-chain bridge in a blockchain ecosystem?

A cross-chain bridge enables interoperability between different blockchains, allowing users to transfer tokens and data across networks. In CrossFi Chain, the bridge facilitates XFI transfers between CrossFi Chain, Ethereum, BSC, Base, and Arbitrum.

5. What are blockchain layers?

Blockchain architecture is divided into different layers:

• Layer 1 – The base layer responsible for core operations and network security.

• Layer 2 – Secondary protocols built on top of Layer 1 to enhance scalability and transaction speed.

This division improves performance while maintaining decentralization and security.

6. How does the staking mechanism work in CrossFi Chain?

Users can delegate MPX tokens to validators, who help secure the network and maintain consensus. In return, delegators receive a portion of validator rewards, proportional to their stake. Staking incentivizes network participation while providing passive income opportunities.

7. What are MPX and XFI, and how are they used?

• MPX – The primary token in the Cosmos-based part of CrossFi Chain, used for staking, transaction fees, and governance.

• XFI – The token used in the EVM-based part for transaction fees, smart contract interactions, and dApp participation.

Both tokens play an essential role in CrossFi Chain’s functionality and growth.

8. How can I acquire XFI and MPX tokens?

• XFI is available on decentralized exchanges like Uniswap v2 and SushiSwap, as well as centralized exchanges such as MEXC, HTX, and Gate.io.

• MPX can be acquired via GetMPX, where users can exchange USDT for MPX.

9. What is CrossFi Bridge, and how do I use it?

CrossFi Bridge is a cross-chain transfer tool that allows users to move XFI between CrossFi Chain and networks like Ethereum, BSC, Base, and Arbitrum. Users can send XFI to external addresses or transfer tokens back to their CrossFi Chain wallet, increasing its usability across multiple chains.

10. How can developers interact with CrossFi Chain?

Developers can build smart contracts and dApps using the tools and SDKs provided by CrossFi Chain. With EVM compatibility and integration with Ethermint and Evmos, the development and migration of applications are seamless. CrossFi Foundation also offers grants and technical support.

11. What is the role of CrossFi Foundation in the ecosystem?

CrossFi Foundation is a non-profit organization that fosters ecosystem growth by funding projects, organizing hackathons, and running educational programs. It provides grants to developers and startups, driving innovation and expanding the functionality of CrossFi Chain.

12. How can I ensure the security of my funds in CrossFi’s ecosystem?

To enhance security, users can leverage xSafe (Multisignature, EVM), which enables multi-signature wallets requiring approval from multiple addresses. Additionally, it is crucial to use trusted wallets and follow security best practices when interacting with dApps.

13. How can I participate in network governance in CrossFi Chain?

Governance participation requires MPX tokens. Users can create and vote on proposals that influence the development and functionality of the network. This decentralized governance model empowers the community to shape the future of CrossFi Chain.

14. What is Escrow XFI, and how does it work?

Escrow XFI allows users to vest their esXFI rewards and convert them into fully tradable XFI. Users initiate the vesting process, wait for the designated period, and then claim their converted XFI to their wallet.