MFChain

ICO MFChain (MFX) Reviews - ICO Token News

Overview

Modern Finance Chain allows consumers to buy goods and services from merchants creating a cost-effective cryptocurrency payment ecosystem that rewards consumers and merchants. We create sustainable cryptocurrency payment systems that consistently add value to traders and consumers, thus negating the payment system issues associated with traditional merchant-payment transaction protocols.

Merchant Reward System

Merchants are rewarded with a 1% discount of their total cryptocurrency volume in the form of MFX Token. The MFX token is valued based on $ 1 per token or current exchange rate, whichever is greater, at the time of completion. The merchant's reports each month are evaluated from the previous month's processing. Evaluation of the statement closes on the last day of each month. The prize payment is completed on the 7th day of each month. 
To illustrate, retail merchants make a $ 1M cryptocurrency payment through the MF Chain payment solution from 1 January to 31 January. On February 7th the merchant earned 5,000 MFX Tokens directly to the merchant's digital wallet. These tokens may be collected as company assets or exchanged for USD on the open market.
The merchant controlled settings allow to retain the cryptocurrency they have received as payment or immediately redeem it for the settlement of fiat currency sent to their bank account the next day. Merchants have full control over their funds without risk of a chargeback or backup.

MFX Reward Pool

The MF Chain gift set consists of 75M MFX Tokens and the rebate program will continue for an additional 5 years or more. Additional gift sets will be added to the program as partnerships with other projects grow. For example, a promising blockchain project may request to add a token allocation to a set of prizes, thereby directly injecting their token into a real trading transaction. This will allow merchants and consumers to receive multiple gift tokens for a single transaction. The partnership is likely to extend the program forever. 
With the launch of Mainnet MF, the MFF token replaces the MFX token in the rewards program, allowing merchants and consumers to receive fuel transactions for MFM.

Consumer Award System

In addition to offering valuable service deals to be able to spend their cryptocurrency at their favorite merchants, consumers are rewarded in several ways. The cryptocurrency payment option includes additional fees to cover merchant exchange fees. However, when paying with MFX Token, additional charges are waived. The merchant surcharges are set by the trader at 0.5 to 3%. Additional fees are paid to merchants via MFX Token. When a consumer spends a MFX Token on merchants using an MF Chain processing solution, consumers will receive 1% auto rebates paid into their wallets. Rebate payments are made once a month.

MF Chain Business Model

Building a platform of smart public contracts with merchant payment integration creates a complete and robust trade that has a reciprocal effect on all the channels involved. DApps launches on the MF Chain directly benefiting from their token receipt at thousands of merchants around the world. As the digital economy grows, so does the MF Chain value. The MF chain will integrate with merchants in 2018 by partnering with payment processors already in business with at least 10,000 merchants. Payment processors will be involved with incentive partnership agreements that bring exciting new services to their trade product offerings. Benefits The MF Chain is directly integrated into the conventional trading flow.

Projects approved for the Modern Chain Innovation Innovation Incubator are supported by the MF Chain in various strategic areas: Access to smart and pre-built smart contract libraries, ICO launch platforms capable of multi-currency support and development & marketing. The MF chain will directly benefit from share ownership in these projects.

ICO Information MF CHAIN

General information

Modern Finance Chain (MF Chain) plans to raise between 2,500 to 33,000 ETH Tokens during Pre-ICO and ICO. All ICO transactions are settled through smart contract transfers. Only whitelisted participants will have the ability to contribute during ICO. Contributions sent from whitelisted addresses will be rejected by the ICO smart contract.

The 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, operation and marketing. Unused funds will be opened in two stages. The first phase will be opened after the full release of the merchant processing platform. The second stage will open after the full release of MF Mainnet.

Whitelist dan KYC

To participate in the ICO MF Chain, potential platform users must be approved and added to the whitelist. The MF chain plans to run two separate white list campaigns that allow users to learn too late about the MF Chain to participate. All potential participants can apply during the whitelisting phase (ex: participants wishing to contribute during the ICO phase may apply during the first white list stage; this example is encouraged).
Depending on the level of interest, the second whitelist stage may end earlier. All members will be processed through KYC MF Chain requirements. MF Chain has partnered with Identity Mind and will review all information submitted on OFAC, PEP, PSFI, EU, and Freeze Lists. Depending on the contribution level, government-issued ID shipments may be required. The MF chain complies with all local restrictions and restrictions; therefore, the residents of certain countries will not be able to participate. ICO statisticsprovide more information about ICO at this time.

Date of ICE Chain of MF

• Pre-Sales: May 5 - June 15th
• Public Sales: June 25 - July 25
• Soft Cap: 2,500 ETH (with smart contract refund feature if not obtained)
• Hard Cap: 33.000 ETH
  BONUS SCHEDULE

Bonus 10%

10 Contribution of ETH

Contribute 10 or more Ether to the project and you will receive 10% bonus.

15% Bonus

25 Contribution of ETH

Contribute 25 or more Ether to the project and you will receive a 15% bonus.

Bonus 20%

100 Contribution of ETH

Contribute 100 or more Ether to the project and you will receive a 20% bonus.

TIM

FURTHER INFORMATION :

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author : bantalwarulor
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