MODERN FINANCE CHAIN (MF Chain) - A public smart contract platfrom with merchant payment integration

in #bitcoin6 years ago

Hello all!

MODERN FINANCE CHAIN (MFChain) is an ongoing cryptocurrency payment system that consistently adds value to traders and consumers, thus negating the payment system issues associated with traditional trader-consumer payment transaction protocols.

The Problem
Digital currencies have achieved phenomenal growth in recent years. Cryptocurrency enthusiasts and investors alike have obtained massive wealth in the booming crypto market. Yet because of slow merchant adoption, it still remains fairly inconvenient to pay for goods and services with cryptocurrencies. People have the money, but they cant spend it.

Current blockchain projects are isolated and promote innovation only within their own technologies and community. MF Chain has a mission to breakdown the common barriers of all cryptocurrencies to create a collaborative digital economy that embraces any host of innovation.

MF Chain — The Solution
MF Chain has a mission to breakdown the common barriers of all cryptocurrencies to create a collaborative digital economy that embraces any host of innovation. MF Chain is building the most cost-effective cryptocurrency payment ecosystem that rewards the consumer as well as the merchant. MF Chain’s innovative rewards program will bridge the cryptocurrency gap between merchants and consumers.

How it works Modern Finance Chain, View video;

The MF Mainnet will be designed specifically to help speed blockchain innovation, drive adoption of cryptocurrency payment acceptance. All while embracing the entire cryptocurrency ecosystem bringing the best ideas and functionality of each blockchain together with intelligent features.

  1. MULTI PROGRAMMING LANGUAGES
    Multi-language smart contract programming with compilers for C++, C#, Java, Python, NodeJS & Solidity

  2. PRIVATE BLOCKCHAINS
    Enterprise level private blockchains that allow corporations to deploy proprietary code on private chains

  3. ATOMIC SWAP
    Cross-chain transactions without the need for a centralized exchange or third party authority

  4. INTEGRATION
    Multi-blockchain integration

  5. VERIFIED DIGITAL IDENTITY
    Achieve government compliance when necessary with user-controlled privacy features

  6. MULTI-CURRENCY ICO PLATFORM
    Allows ICO projects to accept any number of cryptocurrencies through live token generation events

  7. SMART CONTRACT LIBRARY
    Prebuilt smart contract library

  8. INCUBATOR
    An Innovation incubator that provides brilliant minds with resources to bring their ideas to life

Modern Finance Chain is helping the world adopt crypto as a currency by creating a global digital economy. Introducing the first ever merchant rewards program, now both consumers and merchants can earn rewards.

Merchant Benefits

  • No Chargebacks, Interchange Fess, Assessment Fees or Payment Gateway Fees
  • Near Instant Liquidity
  • Rewards Program Pays the Merchant
  • New Opportunities — high risk merchants can now accept digital payments without high fees or reserves
  • Merchant controlled settings for fiat or cryptocurrency settlements

Consumer Benefits

  • Instant Transactions
  • Waived surcharges when paying in MFX Tokens
  • 1% rebate on all monthly purchases made using the MFX Token
  • Option to pay in multiple cryptocurrencies

PAYMENT SOLUTION

  • The MF Chain Android and iOS app makes any mobile device a fully functional POS station.
  • Clean, simple and intuitive. Easy for merchants to adopt.
  • Multi-Cryptocurrency support. Merchants can accept the crypto of their choice and earn MFX Rewards.
  • Use any wallet to connect. Consumers don’t need special software.
  • Merchants have the freedom of choice on how to process cryptocurrency payments. Instantly convert to cash, or keep a percentage of the payment in cryptocurrency.

The ERC20 MFX token will be used to swap into the MFM coin which will reside as a global asset on MF Mainnet. MFM will be released in the second quarter of 2019 through a live token exchange event. The MFM coin will be non-divisible (smallest unit: 1 MFM) and will be a controlling asset designed to provide master nodes with consensus authority. A secondary, universal, cross-chain compatible token, MFF (Modern Finance Fuel) will be released as a transactional mechanism used to pay for goods and services. MFF will be divisible to 18 decimals. 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.

ICO INFO

SOFT CAP
2500 ETH MIN FUND RAISE

HARD CAP
33000 ETH ICO CAP

CONTRIBUTION CAP
MIN: 0.1 ETH
MAX: 200 ETH

PRIVATE 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)

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.

  • 50% of the ICO funds will be used for the development and promotion of the project immediately following the ICO. The remaining 50% of funds are held in two escrow wallets.
  • 20% of the ICO funds will be frozen until the release of the MF Chain Payment System.(requires escrow board approval for release)
  • 30% of the ICO funds will be frozen until full release of the MF Chain Mainnet. V (requires escrow board approval for release)



Join Now with MFChain: http://mfchain.com/

Up here explanation from me and for more information please visit WHITEPAPER here: https://mfchain.com/wp/ and other Links below:

JST THREAD:https://bitcointalk.org/index.php?topic=3264121.0
FACEBOOK:https://www.facebook.com/MFChain/
TELEGRAM:https://t.me/modernchain
TWITTER:https://twitter.com/ModernChain
REDDIT:https://www.reddit.com/r/MFChain/
MEDIUM:https://medium.com/@mfchain
GITHUB:https://github.com/mfchain

Author: Sadum
Bct profile link:https://bitcointalk.org/index.php?action=profile;u=1393441
ETH address:0xE633a1270A7086e1E4923835C0A5Cf06893D6a01

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