MF Chain (MFX) ICO Review

/MF Chain (MFX) ICO Review

MF Chain (MFX) ICO Review 2018-06-07T13:03:44+00:00
MF Chain (MFX) ICO Review

MF Chain ICO Review

Quick inner navigation:

  1. MF Chain Main Features
  2. MF Chain ICO Sale
  3. MF Chain ICO Scam Check
  4. MF Chain Coin Supply and Purpose
  5. Compatible Wallets and Exchanges

Modern Finance Chain, aka MF Chain, is expanding the destiny of cryptocurrency. The project envisions driving cryptocurrencies beyond the level of investments, trading, and speculative tools to digital currencies which consumers and merchants can utilize to facilitate all transactions among themselves.

MFChain, in collaboration with processors and merchants, will build upon the value of zero merchant fees while at the same time proposing original bonus for customers and marketers. The platform is developed to build value for all parties involved in merchant transactions. Modern Finance Chain aims to build an economy where buyers will have the capability to purchase products and services using any cryptocurrency. This is necessitated by the performance of a common platform. The collaborative framework involves app developers who will find a helpful environment with multi-language affinity and a library of smart contracts available for the establishment.

The scheme includes expansion and location of MF Mainnet, which is a single blockchain that utilizes BFT/POS hybrid agreement technique. Still, it will allow for the development of enterprise level blockchains, atomic swap cross-chain transactions, multi-blockchain combination, and a certified digital distinction system. MF Mainnet is created as an agnostic currency system that will work with or without a tokenized wealth. Still, it will offer the adaptability to transact with a number of cryptocurrencies like ETH, NEO, BTC, LTC, and hence will ease the ICOs from the obstacles they experience through the entire launching process. The objective of this technology is to increase cryptocurrency utility to the point of ubiquity.

MF Chain Main Features

  • Multi-currency ICO platform – MF Chain is designed to accept a wide variety of cryptocurrencies through live token generation events. In other words, this framework would be a multicurrency supportive structure. It will facilitate transactions using different kinds of crypto tokens. Also, new ICO projects can be generated on the platform.
  • Verified Digital Identity – MFX platform has established a digital platform as it will be a compliant structure that would make its framework legal for different users to work on. Besides, the correct privacy measure has been taken to ensure all parties on the platform are safe.
  • Multi-Programming languages – The software would support different programming language like C++, Java, Python, C#, NodeJS, and This would help enterprises to develop proprietary coded Blockchains and operate mini communities working on the platform. There are other unique features like the atomic swap. The feature will facilitate transaction to occur across different Blockchains.
  • Smart contract library – The library will feature pre-built features that will enable developers to work with same models and draw from such existing resources.

MF Chain ICO Sale

The maximum supply of MF Chain tokens is set at 100, 000, 000 out of which 50,000,000 tokens will be available for sale. During the crowd sale, MF Chain will only accept ETH during the sale.

Token distribution metrics

  • Token sale: 57%
  • Airdrop and Bounty: 1%
  • Developers and Advisors: 8%
  • Merchant and Incentive Program: 15%
  • Locked Tokens to Support Development and Marketing: 19%

Restricted Countries

The United States of America, Belarus, Burma, Cuba, Iran, Iraq, North Korea, Lebanon, Congo, Somalia, Sudan, Zimbabwe, Liberia.

Bonus schedule based on the invested amount

  • 10+ ETH: 10%
  • 25+ ETH: 15%
  •  100 + ETH: 20%

Communication Channels

MF Chain ICO Team

Viacheslav Shybiaev– Blockchain Lead

Viacheslav has a Master degree in Business Management, Business Administration, and Computer Science. He got more than 20 years of experience in designing, developing, and supporting international enterprise IT programs and mobile alternatives. He focuses on developing a business value through systematic process improvement via direct collaboration with operators, developers, marketing, and sales. Product management, blockchain development, software development, and big data are other areas of his specialization.

Benamara Oualid– Mathematician and Cryptographer

Oualid holds a Ph.D. in Mathematics with expertise ranging from algorithms and complexity theory to Matlab and cryptography. He has worked on cryptanalysis which has led him to develop an advanced algorithm for cryptography and security.

SergioAndronik– Project Manager

Sergio is the project manager and holds a Master in Computer Science. He has more than 15 certifications and licenses in project management field. His focus is to ensure efficient communication, time management, and dynamic workflow administration between project participants.

Kat Campise– Data Scientist

Kat is a full-time data scientist and a technical writer. Her academic credentials incorporate several disciplines including learning science, journalism and computer science. She has a diverse professional experience ranging from education, psychology, fintech and machine learning/AI. She has drafted white papers, blogs, and articles for many clients ranging from business start-ups to renowned industry brands.

Naviin Kapoor – Advisor/ Blockchain Expert

Naviin is a blockchain consultant and a business transformation leader. He has more than eleven and a half years of experience in project management and business analysis. Atop that, Naviin has one year of experience in Bitcoin, Ethereum, EOS, hyper ledger, consensus protocol, and distributed/shared ledger technology. He has several industry certifications like CBAP, PMP, ITIL and Professional Scrum Master Level 1. He has worked on various banking transformation projects both sustainable and disruption that were started in various domains such as Cash Management, Retail Banking, Corporate Banking, Integrated Liquidity Management (ILM), Financial Messaging, Assets & Wealth Management, Local and International Payment Systems, and Regulatory Sanctions Filtering.

Bogdan Fiedur– Advisor-Blockchain Expert

Bogdan is the President of Blockchainexperts.io, a smart contract developer, crypto-investor, entrepreneur, and a full stack developer. He has more than 20 years of IT experience in building e-commerce sites. During the last 3 years, he has participated in developing different blockchain entities. He is an ICO advisor having worked with more than ten ICOs to date. He offers presentations and workshops on blockchain and smart contract programming in Winnipeg, his local crypto community. He now focuses on Blockchain industry and offers consulting services, advice, and connections to Blockchain experts. He recently cofounded Bitjob, a blockchain freelance framework for students. He also took part in several ICO initiatives as a member. He has vast knowledge with deep-understanding of ICO development from the first to the last step.

MF Chain ICO Scam Check

Among the reliable and transparent ICO on the market is MFX. They have all the information about the ICO and its operation on their website. Still, their whitepaper is honestly presented with sensible information. They do not entice investors nor provide them with over-ambiguous data. Upon consulting various sources about the ICO for any complaint that pointed to MF Chain being a scam, we found no negative review, and can therefore comfortably concluded that the ICO is a lawful venture. Investors can, therefore, invest their assets in the ICO.

Furthermore, professionals behind the ICO have reputable social media accounts. They have a vast of experiences in the ICO field. Finally, the ICO’s roadmap is straightforward, unlike scams which solicit investors with fake promises and bonus.

Market Research

MF Chain is targeting investors and merchants from around the world. The framework uses Ethereum as a mode of payment, and as we know, Ethereum is one of the best and most secure cryptos on the market. Finally, MFX has continued to rise in popularity because of the tokens it has accepted on its platform. The approach MF Chain has taken will solve problems like inefficient services and high fees. It will, however, provide a solution by offering a robust e-commerce technology, and fast processing of transactions.

Potential Use/Cases

What makes MF Chain special is the fact that it offers an alternative that solves a number of problems in commerce. It leverages merchant payment integration to unite all users, innovators, and merchants. In other words, MF Chain is building an entirely open source e-commerce blockchain platform.

For this reason, the ICO team has developed a user-friendly service that will help drive cryptocurrency adoption and build a framework for the users as their primary target. The platform will also necessitate the buying, selling and trading of MFXtokens against other cryptocurrencies. It also intends to build an avenue that will facilitate payments to e-commerce businesses from around the world in the form of crypto coins.

MF Chain MVP

The minimum viable product is a decentralized platform where merchants will meet consumers tagged along with an avenue where smart contracts will be launched and enacted. These two will be launched after the first half of 2018.

ICO Business Model

Modern Finance Chain will have its tokens tradable on various partner exchange. The platform will also act as a reward program where users and merchants will earn rewards in the form of MFX tokens for transactions facilitated using the platform.

Capitalization Potential

The goal of MF Chain is to raise between 2,500 and 33,000 ETH worth of tokens during the Pre-ICO and ICO respectively. Considering the huge number of merchandise and investors the platform has targeted, you can tell the platform has the ability to attain its goals. All transactions will be done via the smart contract transfer. MF Chain will retain 50% of the collected funds during the first half of 2018. The funds will, in turn, be used in marketing, development, and operations.

MF Chain Coin Supply and Purpose

There are a total of 306,000,000 MFX tokens up for sale. The tokens will be used to scale the project through its various set milestone phases. The MFX tokens are expected to be available for trading on the exchange scheduled to begin on July 2018. All the MF Chain tokens and transactions will be managed by Ethereum smart contracts. Investors holding MFX tokens will enjoy discounts.

Compatible Wallets and Exchanges

MFX is an ERC20 Token; this means that the tokens can be stored in any ERC20 compatible wallet such as MyEtherWallet, MetaMask, Mist, Parity, and much more. On a different note, Modern Finance Chain has so far announced DDEX as its partner exchange where the MFX tokens will be tradable beginning July 2018 as per their roadmap.

MF Chain Review Summary

MF Chain is an unmatched venture created by reputable experts in the cryptocurrency field. The project offers effective opportunities to investors around the world. Still, it addresses problems that other platforms have encountered in the cryptocurrency market. For this reason, it offers a senior service. Furthermore, the set of features this platform comes with makes it unique from others. The smart contract library, the multi-programming languages and the atomic swap features have added to the platform’s uniqueness.

Currently, there are no negative reviews about the ICO. Above all, experts behind MFX have legitimate profiles readily available on LinkedIn which indicates the platform is not a scam.

Thank you for going through our MF Chain ICO review. We welcome you to check our pages for all comprehensive crypto-related content constantly. Look forward to enjoying your next read, gratitude!

Leave A CommentNo Comments on "MF Chain (MFX) ICO Review"