uPlexa is a peer-to-peer (p2p) electronic payment system that focuses on utilizing the Internet of Things and anonymous algorithms. Panshi uses the improved CryptoNight algorithm to establish its own blockchain, the purpose of which is to connect IoT devices together as a whole and provide anonymous payment services, especially for Internet and telecommunications service providers. It also supports anonymity-based e-commerce. In addition, uPlexa supports both anonymous payment services and profitable IoT transaction mining. uPlexa not only has the characteristics of anti-ASIC resistance, but also strives to become the most profitable cryptocurrency for IoT mining. Users can use a certain percentage of idle resources of IoT devices for mining. UPX coins can be used to reward miners.