Modern Finance Chain Review
Halo everyone, did you ever think we can get value of zero merchant fees ? in here i will introduce a project that willmake that happen, the project is 'Modern Finance Chain'
![](https://steemitimages.com/DQmUR6LNrng7EQAczKepHMm94EdUzgszgAkciZcaFTZxMDw/image.png)
So 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 Vision
A digital economy where consumers can buy goods and services with any cryptocurrency at their favorite 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. An ecosystem that embraces all blockchains into a digital utopia.
Modern Finance Chain allows consumers to purchase goods and services from merchants creating a cost-effective cryptocurrency payment ecosystem that rewards the consumer as well as the merchant. We are creating a sustainable cryptocurrency payment system that consistently adds value for merchants and consumers, thus counteracting the payment system problems associated with traditional merchant-consumer payment transaction protocols.
Merchant Reward System
Merchant controlled settings allow for either keeping the cryptocurrency they’ve received as payment or immediately exchange it for fiat currency settlement which is delivered to their bank account the next day. Merchants have complete control over their funds without the risk of chargebacks or reserves.MFX Reward Pool
The MF Chain reward pool consists of 75M MFX Tokens and the rebate programs will continue for an additional 5 or more years. Additional reward pools will be added to the program as partnerships with other projects develop. For example, a promising blockchain project can request to add a token allocation to the rewards pool, thereby instantly injecting their token into real commerce transactions. This will allow merchants and consumers to receive multiple reward tokens for a single transaction. Partnerships will likely extend the program in perpetuity.
With the launch of MF Mainnet, the MFF token will take the place of the MFX token within the rewards programs, allowing merchants and consumers to receive transaction fuel for MFM.
Merchant Reward system
Consumer Reward System
In addition to providing the valuable service offering of being able to spend their cryptocurrency at their favorite merchants, consumers are rewarded in several ways. The cryptocurrency payment option includes a surcharge to cover merchant exchange fees. However, when paying with MFX Tokens the surcharge is waived. The merchant surcharge is set by the merchant at 0.5 to 3%. The surcharge is paid to the merchant through MFX Tokens. When a consumer spends MFX Tokens at a merchant using MF Chain processing solutions, the consumer will receive a 1% rebate automatically paid to their wallet. Rebate payments are made once monthly.
Consumer Use
- Consumer requests to remit payment using cryptocurrency.
- Cashier enters the purchase total into MF Chain mobile device and shows the consumer an onscreen QR code.
- Consumer scans the code with any readily available cryptocurrency wallet app on their phone/mobile device.
- The transaction is confirmed in seconds.
- Payment Processor Benefits
- Increased margin: collect 100+ basis points.
- Increase Customer Base: offer the unique value proposition of accepting cryptocurrency for their business
- New Verticals: high-risk merchants or merchants that cannot accept credit cards can now accept digital payments
- Increased volume per merchant
- Processing partners receive a generous MFX Token allocation
ICO info
SOFT CAP
2500 ETH MIN FUND RAISEHARD CAP
33000 ETH ICO CAPCONTRIBUTION CAP
MIN: 0.1 ETH
MAX: 200 ETHPRIVATE OFFER
3500 ETH
(28M TOKEN ALLOCATION)PRESALE
5000 ETH
1 ETH = 10,150 MFX
(36M TOKEN ALLOCATION)ICO
24500 ETH
1 ETH = 8,500 MFX
(237M TOKEN ALLOCATION)
Funds Allocation
Conclusion
This project is good,can make people buy goods and service with any cryptocurrency, and i hope the project will success. Please visit this link below
Detail Informations
Website : https://mfchain.com/
Whitepaper : https://mfchain.com/wp/
Telegram : https://t.me/modernchain
Twitter : https://twitter.com/ModernChain
Facebook : https://web.facebook.com/MFChain/?_rdc=1&_rdr
Author : bubu4845
Bitcointalk Profile : https://bitcointalk.org/index.php?action=profile;u=1640802