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About ModernFinanceChain(MFX)

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What problem does Modern Finance Chain solve? (or: what human need does it satisfy?) and how exactly does it do so?

MF Chain is building the most cost-effective cryptocurrency payment ecosystem that rewards the consumer as well as the merchant. MF Chain’s immediate goal is to become the foundation of commerce powered by the blockchain by bringing users the ability to transact using their favorite coins, based on a zero-fee model along with an innovative merchant rewards program.

The greater vision of Modern Finance Chain is the MF Mainnet. An independent public blockchain that uses a BFT/POS consensus model and a unique masternode incentivization protocol. Furthermore, MF Mainnet will allow for the development of enterprise level private blockchains, atomic swap cross-chain transactions, multi-blockchain integration, and a verified digital identity system. Long term value for Modern Finance Chain will be realized with the Innovation Incubator. Providing upstart projects the resources required to be successful along with a multi-currency ICO Platform that will allow multiple currencies to be accepted during the live token generation event.

Fundamentally, Modern Finance Chain’s 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.

How is the idea monetized? How do the token holders profit?

MF Chain Business Model

Building a public smart contract platform with merchant payment integration creates a complete and robust commerce which has a reciprocating effect across all channels involved. DApps launching on the MF Chain instantly benefit from the acceptance of their tokens at thousands of merchants worldwide. As the digital economy grows, so does the value of MF Chain.

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.

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.

Team

ModernFinanceChain's team members.

Viacheslav Shybaiev

Viacheslav Shybaiev

Blockchain Lead

Linkedin
Oualid Benamara

Oualid Benamara

Technicien cryptologue

Linkedin
Nicholas Ivanov

Nicholas Ivanov

Blockchain dev

Linkedin
Sergio Andronik

Sergio Andronik

Project Manager

Linkedin

Roadmap


 
Q4 2017 - Concept & Discovery MFC founded R&D blockchain options Cryptocurrency market research Fiat payment market research Business plan created Team recruiting commences
Jan 2018 - Initial Business Rollout Smart contract development commences Whitepaper first draft MVP Ui/Ux developed Wire frames built out and approved Consumer crypto payment solution MVP development begins Merchant backend console development begins Marketing plan developed
Feb & March 2018 - Development Stage Team build out Full development team working on multiple sprints Market research Consumer & Merchant focus groups Consumer & Merchant surveys Website development Whitepaper draft
April 2018 - Private Offer Whitepaper released Website launch Private sale opens Crypto community surveys Crypto community focus groups Marketing campaign kick off
May 2018 - Pre ICO Pre ICO opens BTC, ETH, MFC payments integration MVP Release Alpha software release Beta testing merchants Beta testing consumers
June 2018 - ICO Initial Coin Offering Public Sale Live Token Generation Event
July 2018 - Payment Systems Payment system integration Sales process developed Sales team building Merchant processing roll out
Aug 2018 - Exchange Live on exchange HODL!
Q3 2018 250 Merchants processing with MFC Magento Cart Plugin Zen Cart Plugin WordPress Plugin WooCommerce Plugin Big Commerce Integration
Q4 2018 Release of MF Mainnet Whitepaper 1000 Merchants processing with MFC MFC stand alone POS hardware release
Q1 2019 Global payment system roll out 5000 Merchants processing with MFC MFM Testnet deployed
Q2 2019 MF Mainnet deployed MFM coin swap (MFX token is swapped for MFM coin at 1:1 ratio) MFF token is issued (MFF will work as an independent payment token on the MFM Blockchain) MFF airdrop
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Quick notes

Tokenomics

Token Info

Available tokens: 57% Price: 1 ETH = 8500 MFX Soft Cap: 2 500 ETH Hard Cap: 33 000 ETH Buy with: ETH Platform: Ethereum Location: St. Kitts & Nevis Restricted: USA

Other Info

MVP/Prototype: Yes Escrow: Yes Category: Blockchain Infrastructure

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What problem does Modern Finance Chain solve? (or: what human need does it satisfy?) and how exactly does it do so?

MF Chain is building the most cost-effective cryptocurrency payment ecosystem that rewards the consumer as well as the merchant. MF Chain’s immediate goal is to become the foundation of commerce powered by the blockchain by bringing users the ability to transact using their favorite coins, based on a zero-fee model along with an innovative merchant rewards program.

The greater vision of Modern Finance Chain is the MF Mainnet. An independent public blockchain that uses a BFT/POS consensus model and a unique masternode incentivization protocol. Furthermore, MF Mainnet will allow for the development of enterprise level private blockchains, atomic swap cross-chain transactions, multi-blockchain integration, and a verified digital identity system. Long term value for Modern Finance Chain will be realized with the Innovation Incubator. Providing upstart projects the resources required to be successful along with a multi-currency ICO Platform that will allow multiple currencies to be accepted during the live token generation event.

Fundamentally, Modern Finance Chain’s 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.

How is the idea monetized? How do the token holders profit?

MF Chain Business Model

Building a public smart contract platform with merchant payment integration creates a complete and robust commerce which has a reciprocating effect across all channels involved. DApps launching on the MF Chain instantly benefit from the acceptance of their tokens at thousands of merchants worldwide. As the digital economy grows, so does the value of MF Chain.

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.

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.

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