Introduction
Nowadays people lacks a digital economy where consumers can buy goods and services with any cryptocurrency at their favourite merchants, a place where visionaries and creators can collaborate to launch innovative distributed applications in a world that relies on trustless 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.
I want to present you an ecosystem that embraces all blockchains into a digital utopia. It is MF Chain.
What is MF Chain?
Modern Finance Chain (MF Chain) is building the future of cryptocurrency. By partnering with processors and merchants, MF Chain will build 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. This is facilitated through the implementation of a collaborative platform that includes app developers who will find a supportive environment with multi-language compatibility and a library of smart contracts available for deployment.
MF Chain is building the future of blockchain which begins with their consumer-merchant payment solution and rewards program. Fundamentally, their goal is to expand cryptocurrency utility to the point of ubiquity. They 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.
General Info about ICO
Modern Finance Chain (MF Chain) plans to raise between 2,500 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.
Whitelist and KYC
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 the 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 the 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
Presale: May 6 - May 25
ICO: May 26 - June 25
MF Chain Milestones
Q2 2018: Beta Release of MF Chain Payment Solution
Q2 2018: Partnership with payment processor
Q3 2018: Full Release of MF Chain Payment Solution
Q3 2018: MF Chain Rewards Program Full Launch
Q3 2018: 250 merchants processing with MF Chain
Q4 2018: MF Mainnet Whitepaper
Q1 2019: 5000+ Merchants processing with MF Chain
Q1 2019: MF Testnet Deployed
Q2 2019: MF Mainnet Deployed
Q2 2019: Live Token Exchange MFX to MFM Tokens
Q2 2019: MFF Token Airdrop
Conclusion
In my opinion, I think that MF Chain is a very perspective project.
Firstly, projects approved for the Modern Finance Chain Innovation Incubator are supported by MF Chain on multiple strategic fronts: Access to the pre-built and audited smart contract library, an ICO launch platform that is multi-currency capable and development & marketing support. MF Chain will directly benefit from equity ownership in these projects.
Secondly, MF Chain will integrate with merchants in 2018 by partnering with payment processors that are already doing business with a minimum of 10,000 merchants. Payment processors will be engaged with an incentivized partnership agreement that brings an exciting new service to their merchant product offerings. MF Chain benefits by becoming instantly integrated into a conventional stream of commerce. This unique approach ensures adoption of the MF Chain payment solution and paves a clear path for future projects launching on the MF Mainnet.
Project's Links
Website: http://mfchain.com/
Whitepaper: https://mfchain.com/wp/
Facebook: https://www.facebook.com/MFChain/
Twitter: https://twitter.com/ModernChain
Telegram: https://t.me/modernchain
Reddit: https://www.reddit.com/r/MFChain/
Medium: https://medium.com/@mfchain
Github: https://github.com/mfchain
Ann thread: https://bitcointalk.org/index.php?topic=3264121.0
Author: @fvafhae
ETH: 0x134c7426338289F56DF6CcF7E3bc6738c6eF7aD0
Bitcointalk username: Fvafhae_