The cryptocurrency phenomenon has provided the world with a startling use case for blockchain technology. Indeed, the total market cap of all currently active cryptocurrencies exceeds the GDP of over 100 countries.While governments grapple with the who, what, where, when, why, and how of regulating various aspects of the cryptocurrency market, i.e., exchanges and ICO’s, other industries such as banking and financial services are moving forward with a focus on streamlining the inter and intra bank transactions. However, despite cryptocurrency’s popularity with investors and speculators, there are challenges with gaining a wider realm of acceptance as a method of payment for goods and services.
The issue with incorporating cryptocurrency as a method for merchant-consumer payments is volatility. Though the arguments regarding fiat currency merely being a centralized form of digital currency which is only stable due to governmental intervention ring true, the fundamental factor in fiat’s continued dominance is the valuation stability. While, to some degree, volatility can be viewed as a positive for traders and speculators, steep increases or decreases in valuation create a deterrent for merchant and consumer transactions. To illustrate, Stripe recently announced that it was abandoning the acceptance of Bitcoin payments because, by the time the transaction is confirmed, fluctuations in Bitcoin price mean that it’s for the ‘wrong’ amount. This is why the Modern finance chain Project and team is here but the cant do it alone if we the masses can come together with them as one. Lets give them all the support and make the future better for us and our children.
INTRODUCTION
SO WHAT IS MFCHAIN?
MF Chain is specifically designed to build value for all parties involved in merchant transactions. We are helping to build a digital economy where consumers will have the ability to buy products and services via any cryptocurrency. The Fundamentally, our goal is to expand cryptocurrency utility to the point of ubiquity. We are helping cryptocurrency reach beyond being merely an investment, trading or speculative tool. Consumers, merchants, and enterprises both large and small will now be able to capitalize on the convenience and security that cryptocurrency and blockchain provide.
VISION
Our vision is a digital economy where consumers can buy goods and services with any cryptocurrency at any merchant of their choice. To have a place where visionaries and creators can collaborate to launch innovative distributed applications in a world that relies on trust-less transactions in any currency of their choice. A platform where developers are supported with multi-language compatibility and a library of smart contracts designed to promote rapid development and deployment. An ecosystem that embraces all block chains into a digital utopia.
How Does MFChain Work?
The digital economy is where consumers can buy more goods and services with any cryptocurrency they currently own in their possession. And they can use it at any number of their favorite merchants. This is a place of people who have visions that are game changers, not only that – but its where the visionaries and game changers can meet each other and collaborate their ideas to bring them to the light of day. And then eventually launch their innovative new ideas to distribute them as applications across the digital world that is highly dependent on trustless transactions in any type of currency they see fit to choose.
BENEFITS AND MORE ABOUT THE MFCHAIN PROJECT
The platform will also operate with multi-currencies for the purpose of ICOs on the platform. And allow them to be accepted under any number of ICO projects that need to use multiple currencies through a form of live token generation and events.
Multi-programming languages are used as well, some of them through the use of the most advanced smart contracts the world has seen, and they will be compliant with C++, C#. Java, Python, NodesJS & Solidity.
There are private blockchains as well, and they operate at a business enterprise level for corporations to use for the distribution of their code on uniquely run private chains. And to add to that, any cross-chain transactions without the of a centralized exchange platform will work through an atomic swap process with third party authority.
The smart contract library is also prebuilt and beneficial to all users. Along with the incubator the system has that is considered to be extremely innovative and provide the most intelligent minds with the resources they need to bring their marvelous ideas to life.
ABOUT TOKEN SALE AND DISTRIBUTION
Modern Finance Chain (MF Chain) plans to raise between 4,500 and 33,000 ETH Tokens during the Pre-ICO and ICO. All ICO transactions are completed via smart contract transfer. Only whitelisted participants will have the ability to contribute during the ICO. Any contributions sent from addresses not on the whitelist will be rejected by the ICO smart contract.
MF Chain will only have access to 50% of the funds collected during the first half of 2018. These funds will be used for development, operations and marketing. Unspent funds will be unlocked in two stages. The first stage will unlock after the full release of the merchant processing platform. The second stage will unlock after the full release of MF Mainnet.
To participate in the MF Chain ICO, prospective platform users will need to be approved and added to the whitelist. MF Chain plans to run two separate whitelist campaigns allowing users late to learning about MF Chain to participate. All prospective participants can apply during any whitelist stage (example: participant wanting to contribute during ICO stage can apply during the first whitelist stage; this example is encouraged).
MF Chain ICO Dates
Private Offer: April 4th — April 25th
Presale: April 25th — May 15th
ICO: May 15th — June 15thICO Caps and Timetable
Soft Cap: 4,500 ETH (with built in smart contract refund feature if not obtained)
Hard Cap: 33,000 ETHThe total number of MFX tokens is capped at 521,000,000. 1 Ether = 8,500 MFX tokens.
ICO Token Price: 1 Ether = 8,500 MFX Tokens
-33,000 Ether Total ICO Hard Cap
-Minimum Contribution — 0.1 Ether
-Maximum Contribution — 200 EtherPresale Token Price: 1 Ether = 10,150 MFX Tokens
-5000 ETH Hard Cap
-Minimum Contribution — 5.0 Ether
-Maximum Contribution — 200 Ether
For more Information check the following links below:
Website : https://mfchain.com/
Whitepaper: https://mfchain.com/wp/
Facebook : https://www.facebook.com/MFChain/
Twitter : https://twitter.com/ModernChain
Github : https://github.com/MFChain
Telegram : https://t.me/modernchain
Author: https://bitcointalk.org/index.php?action=profile;u=1918721
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