Hello to all readers of my blog. Today I would like to present to your attention an overview of another very promising campaign. Go.
MODERN FINANCE CHAIN
MF Chain is building the future of blockchain which begins with our consumer-merchant payment solution and rewards program. 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.
MF Chain builds upon the value of zero merchant fees while offering innovative rewards for consumers and merchants. 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 current merchant payment system market is projected to exceed $1 trillion by the year 2019. This projection is supported by a growing consumer preference for digital payment systems and the widespread increase of using mobile devices to pay for goods and services.
Present day Finance Chain (MF Chain) is building the eventual fate of cryptocurrency. MF Chain is building the fate of blockchain which starts with our customer shipper installment arrangement and prizes program. In a general sense, we will likely extend cryptocurrency utility to the point of omnipresence. We are helping cryptocurrency reach past being just a venture, exchanging or theoretical apparatus. Purchasers, traders, and ventures both vast and little will now have the capacity to profit by the accommodation and security that cryptocurrency and blockchain give.
EXISTING MERCHANT PAYMENT SYSTEMS MARKET
The worldwide portable installment advertise is anticipated to surpass $1 trillion by the year 2019. This projection is bolstered by a developing buyer inclination for computerized installment frameworks and the broad increment of utilizing cell phones to pay for merchandise and ventures.
As the quantity of elective installment composes has developed, customary methods for online installment, similar to Visas, are on the minimization as they are battling with rivalry that offers higher ease of use, greater security, and lower costs. As Koley reports, despite the fact that the virtual duopoly of Visa and MasterCard is as yet encountering sound development rates (9.5% and 9.6%, individually) and remains the favored strategy for (disconnected) purpose of-offer (POS) exchanges, firms like JCB and UnionPay beat them by a wide margin (growing 20.7% and 44.8%, separately).
This gives clues of adjusted shopper conduct including an apparent reasonable contrasting option to charge cards and a continuous change in the installment showcase. As beforehand talked about, PayPal, which was initially implied for encouraging eBay exchanges, is presently one of the real players in online installment. Furthermore, new firms that are home to totally unexpected enterprises in comparison to managing an account, similar to Google and Apple, offer arrangements that have just picked up an expanding level of client acknowledgment and dispersal among society and organizations alike.
OUR VISION
To create a digital economy where consumers can buy goods and services with any cryptocurrency at their favorite merchants. 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.
MF MAINNET
Modern Finance Chain is helping the world adopt crypto as a currency by creating a global digital economy. Starting with a payment solution and rewards program for merchants and consumers that makes it easy to embrace cryptocurrency payments.
MF Mainnet will be like no other blockchain, catapulting its capabilities directly into the stream of commerce and allowing ICO and dApp projects to tap directly into this wealth. With a dBFT/POS hybrid consensus method, MF Mainnet will achieve consensus with minimal energy consumption and in an eco-friendly manner. Using an incentivized masternode offering, MFM will achieve decentralization with thousands of globally distributed nodes
The greater vision of Modern Finance Chain is the MF Mainnet with intelligent features.
MARKET SUMMARY ANALYSIS
Do the trick to state that advanced installment acknowledgment is on the expansion for the two customers and dealers. However, Visas and check cards keep on being the principle strategies for on the web and computerized buys. Absolutely, as innovation keeps on developing and wearables, contactless installment frameworks, blockchain-based installment frameworks and cryptocurrency start to infiltrate the market, troublesome changes in trader customer exchanges conventions are fast approaching. There are, be that as it may, challenges with both current installment frameworks and the utilization of cryptocurrency as a strategy for shared installments. The point of convergence of these worries fixate on exchange cost and security.
The cryptocurrency marvel has given the world a startling use case for blockchain innovation. For sure, the aggregate market top of all as of now dynamic digital forms of money surpasses the GDP of more than 100 nations. 34, 35 While governments think about the who, what, where, when, why, and how of directing different parts of the cryptocurrency advertise, i.e., trades and ICO's, different enterprises, for example, managing an account and money related administrations are advancing with an attention on streamlining the entomb and intra bank exchanges. Be that as it may, regardless of cryptocurrency's ubiquity with financial specialists and examiners, there are challenges with picking up a more extensive domain of acknowledgment as a technique for installment for merchandise and enterprises.
Buyer Reward System
Notwithstanding giving the significant administration offering of having the capacity to spend their cryptocurrency at their most loved vendors, customers are compensated in a few ways. The cryptocurrency installment alternative incorporates an extra charge to cover vendor trade expenses. Notwithstanding, while paying with MFX Tokens the extra charge is postponed. The dealer additional charge is set by the shipper at 0.5 to 3%. The additional charge is paid to the trader through MFX Tokens. At the point when a buyer spends MFX Tokens at a dealer utilizing MF Chain handling arrangements, the customer will get a 1% refund naturally paid to their wallet. Refund installments are made once month to month.
MFX REWARD POOL
The MF Chain compensate pool comprises of 75M MFX Tokens and the refund projects will proceed for an extra at least 5 years. Extra reward pools will be added to the program as associations with different activities create. For instance, a promising blockchain undertaking can demand to add a token designation to the prizes pool, along these lines quickly infusing their token into genuine trade exchanges. This will enable vendors and buyers to get numerous reward tokens for a solitary exchange. Associations will probably broaden the program in ceaselessness.
With the dispatch of MF Mainnet, the MFF token will replace the MFX token inside the prizes programs, enabling traders and buyers to get exchange fuel for MFM.
Traders Accounts Database
The Merchant Accounts Database is the center backend part of the MF Chain stage. Traders enroll their records and design settings for their regular ledgers and their cryptocurrency wallet settings. For security reasons, the database does not store the private keys to the traders' cryptocurrency wallets. The stage doesn't make and oversee cryptocurrency wallets. Just general society wallet address is put away. Dealers can portray their wallets by giving it a name, empower or impair its cryptocurrency activities on the POS, arrange least and greatest purchaser exchange sums, tip alternatives, and so on. The rundown of upheld digital currencies at first incorporates however isn't constrained to:
BTC
ETH
LTC
MFX
Vendors are in full control of their cryptocurrency wallets since they don't share, import, or transfer the private keys to the MF Chain stage.
Multi-Blockchain Integration
MF Chain is building a multi-cash installment framework, that is intended to permit simple trader and client selection while grasping all blockchains inside its system. The outcome is a genuine decentralized and open source group where no coin can achieve pre-distinction over the other. A people group where nobody coin is better than another, fairly a place where trailblazers and group clients can use different blockchains to their pertinent and most helpful reason. Our concentration is to cause blockchain economy to its actual potential.
MF CHAIN ICO INFORMATION
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).
Depending on level of interest, the second whitelist stage may end early. All members will be processed through MF Chain’s KYC requirements. MF Chain has partnered with Identity Mind and will be reviewing all submitted information on OFAC, PEP, PSFI, EU and Freeze Lists. Depending on level of contribution, government-issued ID submission may be required. MF Chain complies with all local restrictions and limitations; therefore, residents of certain countries will not be able to participate.
MF Chain ICO Dates
Private Offer: April 4th - April 25th
Presale: April 25th - May 15th
ICO: May 15th - June 15th
ICO Caps and Timetable
Soft Cap: 4,500 ETH (with built in smart contract refund feature if not obtained)
Hard Cap: 33,000 ETH
The 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 Ether
Presale Token Price: 1 Ether = 10,150 MFX Tokens
-5000 ETH Hard Cap
-Minimum Contribution – 5.0 Ether
-Maximum Contribution – 200 Ether
Public Tokens
-Presale & ICO – 57% (301M)
-Airdrop & Incentive Programs – 1% (5M)
-Devs & Advisors – 8% (40M)
-Merchant Incentive Program – 15% (75M)
-Locked tokens to support development & marketing – 19% (100M)
Future development and marketing tokens will be locked according to the following schedule:
-50% unlocked on random date: Q2 2019
-50% unlocked on random date: Q2 2020
Initial Circulating Supply (max): 306,000,000
Max Supply: 521,000,000
ICO PROJECT GUARANTEE
Multi-signature escrow is a way of locking funds allocated in the ICO until specific conditions are met. This method allows for a guarantee to ICO contributors that certain development milestones in the project are achieved. The team will not be able to spend the funds raised during the ICO until the obligations for development are fulfilled. 50% of ICO funds will be locked. 20% of the funds will be locked until the MF Chain Payment System is fully developed and released. 30% of the funds will be locked until the release and deployment of MF Mainnet.
This escrow arrangement is handled directly on the blockchain through the MFX ICO smart contract. Funds are distributed and locked accordingly, live for each ICO contribution transaction.
ROADMAP
TEAM
You can find out more about the platform or participate in their sales crowd through the following links:
Author: Feryperrot
My Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1779284
My Etherwallet: 0xa178385fCA8dd9D442F3A1E1F7a7c877F4Cf7F83
