Modern Finance Chain - review ICO

Modern Finance Chain is a special platform that any consumer can use to purchase goods and services, while creating an economical payment ecosystem based on the principle of cryptocurrency, which provides a reward not only to the seller but also to the buyer.

Today, those platforms that operate with smart contracts allow fundraising during the token generation process. However, in almost all situations, the project is limited to the adoption of only one type of cryptocurrency. MF Mainnet will allow ICO projects to accept them in any number.

How does this system work?

The seller is entitled to a discount of 1%. It is calculated from the total amount of cryptocurrency in the format of MFX tokens. Monthly reports of the seller are carefully analyzed and compared with the results of processing, which were received last month. On the last day of each month, the report evaluation is closed. As an example, we can cite the following situation: the amount of cryptocurrency payments for a particular seller is $1 million in January through payment solutions MF Chain. After a week. On February 7, his digital wallet receives an amount of 5000 MFX tokens, which he can now accumulate as a kind of corporate asset or exchange for dollars in the open market.

All settings working in the wallet are managed only by the seller, so he can keep the cryptocurrency as long as he wants, or exchange it at any time for a Fiat currency, which will be credited to the Bank account the next day after the request. It turns out that any of the sellers initially has the ability to exercise full control over their own funds without risking to form reserves or face chargebacks.

One of the most common payment options with the help of cryptocurrency is an additional fee required to cover the Commission on the trading exchange, but if tokens are accepted as payment, then the Commission is not charged at all. The seller sets an additional fee in a certain amount, most often it varies from 0.5 to 3% and is paid to him in tokens. At the time of use by any of the MFX token buyers as a means of payment in conjunction with the MF Chain payment solution, they are given a 1% discount, which is paid automatically to the wallet once a month.

The principle of application by users

There is a certain algorithm according to which the new site functions:

1. A potential consumer has the intention to pay for a product or service using cryptocurrency for this purpose.
2. The cashier enters the purchase amount into a specialized mobile device MF Chain, and then demonstrates to the consumer the QR-code that appeared on the monitor for scanning.
3. The consumer scans the code with the application of the cryptocurrency wallet, which is installed in advance on his smartphone or any other gadget.
4. The transaction is confirmed, which takes only a few seconds.

Among the main advantages of this platform are:

• no returns;
• possibility to cancel any fees and other charges that apply in all other cases;
• instant liquidity;
• possibility to use special offers and bonus programs for sellers;
• possibility to carry out cross-border transactions.

As a special customer Chain Mobile POS MF

Today, any user can download and install a free application for free, which works on both Android and iOS and is able to turn almost any mobile device into a full-fledged trading system with all the functions of MF Chain. After authorization, you can start creating orders and even immediately accept cryptocurrency on the purses of sellers. This process is simple, the principle is similar to the work of POS-terminals of credit cards, when it is enough to simply enter the amount of the order, choose the crypto-currency with which the buyer prefers to work, and get the QR-code in order that the operation can be completed.

Cooperating with payment systems and sellers, Modern Finance Chain focuses on the complete absence of commissions and offers a fundamentally new system of remuneration for both parties. This platform was developed specifically to create a special system of values for transaction participants. Thus, a kind of digital economy is gradually being formed, where consumers buy goods and services, using for this purpose any of their available cryptocurrencies.

All interesting information about the project can be found on these links:

• Official website: https://mfchain.com/
• Bitcointalk: https://bitcointalk.org/index.php?topic=3264121.0
• Twitter: https://twitter.com/ModernChain
• Facebook: https://www.facebook.com/MFChain/
• Telegram: https://t.me/modernchain
• Whitepaper ru: https://mfchain.com/ru-wp/
• Author (Beat Putih) ; https://bitcointalk.org/index.php?action=profile;u=1953434