Mission
At PLX Network, we're dedicated to providing an innovative and secure platform for cloud mining. Our mission is to democratize access to cryptocurrency education and cloud mining while maintaining the highest standards of security and user experience.
Founded in 2025, PLX Network (formerly Parallax Network) emerged from a vision to create a safe, educational environment where users can experience cryptocurrency mining without the traditional barriers of expensive hardware, high electricity costs, and technical complexity.
The Problem
Traditional cryptocurrency mining requires specialized hardware, significant upfront capital, high electricity consumption, and technical expertise most people don't have. This has effectively locked the majority of the population out of participating directly in mining, leaving it to industrial-scale operations.
The PLX Solution
PLX Network removes every one of those barriers. No hardware is required — mining runs on our cloud infrastructure, and you interact with it entirely through your mobile device. Mining sessions are flexible and adapt to your schedule: mine when convenient, track your progress in real time, and pick up right where you left off.
No hardware required. Start mining PLX tokens instantly from your mobile device with our user-friendly interface.
Proof-of-Participation (POP)
PLX Network uses a Proof-of-Participation consensus mechanism that rewards active engagement and community participation rather than raw computational power. This means your mining rate is shaped by consistency (streaks), network growth (referrals), and platform engagement (badges) — not by who owns the most expensive hardware.
Tokenomics
PLX has a fixed, hard-capped total supply of 1,000,000,000 PLX. No further tokens will be minted beyond this cap. Supply is allocated as follows:
| Allocation | Percentage | Tokens |
|---|---|---|
| Mining Rewards | 55% | 550,000,000 PLX |
| Referral & Community | 15% | 150,000,000 PLX |
| Exchange Liquidity | 12% | 120,000,000 PLX |
| Team & Development | 10% | 100,000,000 PLX |
| Marketing | 6% | 60,000,000 PLX |
| Reserve | 4% | 40,000,000 PLX |
Halving Schedule
Mining Rewards are released on a scheduled halving curve to protect long-term token value:
| Year | PLX Released |
|---|---|
| Year 1 | 250,000,000 PLX |
| Year 2 | 175,000,000 PLX |
| Year 3 | 125,000,000 PLX |
| Year 4+ | Remaining balance, continued decay |
Roadmap
PLX Network follows a comprehensive roadmap spanning four years with strategic milestones and continuous development — from mobile app stabilization and KYC rollout, through referral network growth, to exchange liquidity readiness in later phases.
Security & Trust
Every user completes a secure identity verification process, helping ensure a safe and trusted community of miners. KYC documents are encrypted in transit and at rest, accessible only to authorized personnel, and deleted after verification unless retention is legally required. Full details are available in our Privacy Policy.