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Faqs

What is MF Chain?

Modern Finance Chain (MF Chain) is building the future of cryptocurrency. By partnering with processors and merchants, MF Chain will build upon the value of zero merchant fees while offering innovative rewards for consumers and merchants. MF Chain is specifically designed to build value for all parties involved in merchant transactions. We are helping to build a digital economy where consumers will have the ability to buy products and services via any cryptocurrency. This is facilitated through the implementation of a collaborative platform that includes app developers who will find a supportive environment with multi-language compatibility and a library of smart contracts available for deployment.

What is MF Mainnet?

MF Mainnet will be like no other blockchain, catapulting its capabilities directly into the stream of commerce and allowing ICO and dApp projects to tap directly into this wealth. With a BFT/POS hybrid consensus method, MF Mainnet will achieve consensus with minimal energy consumption and in an eco-friendly manner. Using an incentivized masternode offering, MFM will achieve decentralization with thousands of globally distributed nodes.

Where is Modern Finance Based?

We have team members located across the globe and Modern Finance Chain is domiciled on the lovely island of Nevis in the beautiful Caribbean Ocean. Why? We’re glad you asked. The Caribbean is a cryptocurrency hotspot with a rapidly growing and thriving crypto community. A simple Google search will help you find out more about Cryptocurrency in the Caribbean.

WIs MFX a Security?

MFX token is not a security by common definition. Although the MFX token may have multiple use cases, by design MFX is a utility token used to facilitate a rewards program for merchants and consumers – much like the many very popular credit card rewards programs in existence today. MFX does not offer ownership or shares in any organization. MFX does not pay a dividend nor does MFX offer profit sharing of any kind whatsoever. MFX is not a speculation mechanism.

Why is the USA banned?

MF Chain complies with all local restrictions and limitations. We don’t simply ban only the USA. There are several other countries that are banned such as Balkans, Belarus, Burma, Cuba, Congo, Cote d’ Ivoire, Iran, Iraq, Lebanon, Liberia, Libya, North Korea, Somalia, Sudan, Syria and Zimbabwe to name a few. We have decided to ban certain regions based on various reasons ranging from government regulations to high risk terrorist regions. These decisions are final and we use the best technology available to restrict any contributions from these regions. If you attempt to participate in the Modern Finance Chain ICO from a banned region, you will receive a notice and your access will be restricted.

What is required for your KYC Process?

MF Chain requires KYC (Know Your Customer) process for all ICO participants. ICO participants will need to submit their name, geo location and email address to conduct a light KYC. All participants are screened against OFAC, PEP, PSFI, EU and Freeze Lists.