In the blockchain world, there are many ICO projects. one of them is Modern Finance chain or abbreviated with MF chain. Modern finance chains help build a digital economy where consumers will have the ability to purchase products and services through cryptocurrency. This is facilitated through the implementation of a collaborative platform that includes application developers who will find a supportive environment with multi-language compatibility and intelligent contract libraries available for deployment.
The MF roadmap includes the development and deployment of MF Mainnet, an independent public blockchain that uses the dBFT / POS consensus model and unique incentive protocol protocols. then, Mainnet MF will enable the development of enterprise-level private blockchain, cross-linked atom transactions, multi-blockchain integration, and verified digital identity systems.
Main problem
The main problem with combining cryptocurrency as a method of payment of traders and consumers is volatility. Although the argument about the fiat currency is only a central form of the digital currency that is only stable because the government intervention ring is correct, the fundamental factor in the continued dominance of fiat is the stability of judgment. Meanwhile, at some level, volatility can be viewed as a positive thing for traders and speculators, a sharp rise or a decrease in valuations creates a barrier to trader and consumer transactions.
The purpose of MF Chain
The purpose of the MF chain is to expand the cryptocurrency utility so that consumers, traders, and small or large companies can take advantage of the convenience and security provided by cryptocurrency and blockchain. While the big vision of Modern Finance Chain is MF Mainnet with smart features.
MF chain issued tokens ie MFX tokens. MF chain uses the Open Zeppelin library to write secure smart contracts in Ethereum in the Soliditas programming language. The sale contract of the MFX token, described as follows:
- Smart Contract
Smart token contracts are held in the public repository available for review here: https://github.com/MFChain/smart-contracts/ - ICO_Controller
The purpose of the contract is:
• Add/remove accounts from the whitelist (only whitelisted accounts will be able to purchase tokens)
• Add rewards to devs
• Count the number of accounts participating in ICO
• Returns the user’s Ether if ICO has not reached the soft limit
• Release Developer Reply and * Marketing on random dates
• Create an ICO contract with custom parameters - ICO_Crowdsale
This is a standard ICO contract with some additional features like whitelist and token lock escrow. Check with an ICO controller contract to determine whether the account that will purchase the token is whitelisted. Also enforces the ability to burn unsold tokens. - Holders
Multi-owned contracts that hold 50% of Ether raised during token sales. The contract releases funds only if the owner confirms the release under the escrow agreement. - Token
The token intelligent contract is a standard ERC20 implementation with the addition of ERC223 securing the token holder from accidental token loss if sent to an unqualified contract. Thus, transaction events become easier.
That is the explanation of the MF chain. Hopefully useful for readers especially interested investors join in this project.
ICO Token Sale
| Token Sales Schedule | May 26 – June 25 |
|---|---|
| Purchase Token | Ethereum |
| Price Token | 8500 MFX / 1 ETH |
| Bonus | 10% – 20% |
| Total Supply Token | 521.000.000 MFX |
Team
| Members | Viacheslav Shybaiev – Blockchain Lead Benamara Oualid, PhD – Cryptographer Piers Lawrence, PhD – Applied Mathematician Kat Campise, PhD – Data Scientist Jeff Green, PhD – Market & Legal Research Jack Lloyd – Crypto & Security Expert Nick Ivanov – Python & Crypto Dev Serhiy Movchan – Web UI/UX Designer Sergio Andronik – Project Manager Sofia Shybaieva – Software QA Pep Dekker – Marketing & PR |
|---|---|
| Advisors | Bogdan Fiedur – Advisor Naviin Kapoor – Advisor Hristo Piyankov – Advisor |
Quick Links
Written by : Zein Grind
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