Upcoming ICO: MF Chain – building the future of cryptocurrencies?

A new platform by Modern Finance Chain aims to improve the global use of cryptocurrencies, leading to greater uptake in the mainstream economy and will launch its ICO on October 15th.

Upcoming ICO: MF Chain – building the future of cryptocurrencies?

The vision from MF Chain is a digital economy where goods and services are easily acquired with any cryptocurrency from their most loved retailers and merchants. The platform will also feature public blockchain smart contracts. MF Chain will be a place where creators can come together to launch ‘innovative distributed applications’ (Dapp) in an environment where ‘trustless transactions in any currency of their choice’ are relied upon.

MF Chain features

As well as a multi-currency platform, MF Chain will also feature a smart contract library, an innovation incubator where ideas are brought to life, verified digital identity, private blockchains for deploying proprietary code and multi-language smart contract programming.

MF Chain whitepaper

MF Chain’s whitepaper highlights the growth of the global mobile payment market, with an expectation that it will exceed $1 trillion by 2019, as well as the steady worldwide rise in e-commerce sales, surpassing £2.2 trillion in 2017.

MF Chain team

The MF Chain team comprises of experienced blockchain developers, mathematicians, and fintech and software development expert, MF Chain's CEO, Craig Neil. Neil said in a YouTube clip dated July 2018: “The vision of MF Chain is to embrace all blockchains and pushing the massive option of cryptocurrency as a form of payment is something that I am extremely passionate about.”

ICO details

The ICO will run from October 25th until December 15th. The total amount of MFX tokens is 521,000,000 and there is an initial token price of $0.0824. There is a softcap of 4,500 ETH and a hardcap of 33,000 ETH. The minimum contribution for the ICO is 0.1 ETH and there is a maximum of 200 ETH. There is a bonus schedule of 10% for those who invest 10 – 24 ETH and 15% for those who contribute 15-25 ETH. Accepted currencies are ETH. For more details on the sale visit the MF Chain website.

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