Modern Finance Chain allows consumers to purchase goods and services from merchants creating a cost-effective cryptocurrency payment ecosystem that rewards the consumer as well as the merchant. We are creating a sustainable cryptocurrency payment system that consistently adds value for merchants and consumers, thus counteracting the payment system problems associated with traditional merchant-consumer payment transaction protocols.

The greater vision of Modern Finance Chain is the MF Mainnet — a public blockchain smart contract platform. The MF Mainnet will be designed specifically to help speed blockchain innovation, drive adoption of cryptocurrency payment acceptance. All while embracing the entire cryptocurrency ecosystem bringing the best ideas and functionality of each blockchain together.

The Problem

Digital currencies have achieved phenomenal growth in recent years. Cryptocurrency enthusiasts and investors alike have obtained massive wealth in the booming crypto market. Yet because of slow merchant adoption, it still remains fairly inconvenient to pay for goods and services with cryptocurrencies. People have the money, but they cant spend it.

Current blockchain projects are isolated and promote innovation only within their own technologies and community. MF Chain has a mission to breakdown the common barriers of all cryptocurrencies to create a collaborative digital economy that embraces any host of innovation.

MF Chain — The Solution

MF Chain has a mission to breakdown the common barriers of all cryptocurrencies to create a collaborative digital economy that embraces any host of innovation. MF Chain is building the most cost-effective cryptocurrency payment ecosystem that rewards the consumer as well as the merchant. MF Chain’s innovative rewards program will bridge the cryptocurrency gap between merchants and consumers.

MFX Reward Pool

The MF Chain reward pool consists of 75M MFX Tokens and the rebate programs will continue for an additional 5 or more years. Additional reward pools will be added to the program as partnerships with other projects develop. For example, a promising blockchain project can request to add a token allocation to the rewards pool, thereby instantly injecting their token into real commerce transactions. This will allow merchants and consumers to receive multiple reward tokens for a single transaction. Partnerships will likely extend the program in perpetuity.

With the launch of MF Mainnet, the MFF token will take the place of the MFX token within the rewards programs, allowing merchants and consumers to receive transaction fuel for MFM.

Consumer Reward System

In addition to providing the valuable service offering of being able to spend their cryptocurrency at their favorite merchants, consumers are rewarded in several ways. The cryptocurrency payment option includes a surcharge to cover merchant exchange fees. However, when paying with MFX Tokens the surcharge is waived. The merchant surcharge is set by the merchant at 0.5 to 3%. The surcharge is paid to the merchant through MFX Tokens. When a consumer spends MFX Tokens at a merchant using MF Chain processing solutions, the consumer will receive a 1% rebate automatically paid to their wallet. Rebate payments are made once monthly.

Merchant Benefits

No Chargebacks, Interchange Fess, Assessment Fees or Payment Gateway Fees

Near Instant Liquidity

Rewards Program Pays the Merchant

New Opportunities — high risk merchants can now accept digital payments without high fees or reserves

Merchant controlled settings for fiat or cryptocurrency settlements

Consumer Benefits

Instant Transactions

Waived surcharges when paying in MFX Tokens

1% rebate on all monthly purchases made using the MFX Token

Option to pay in multiple cryptocurrencies

The Future of Modern Finance Chain

The ERC20 MFX token will be used to swap into the MFM coin which will reside as a global asset on MF Mainnet. MFM will be released in the second quarter of 2019 through a live token exchange event. The MFM coin will be non-divisible (smallest unit: 1 MFM) and will be a controlling asset designed to provide master nodes with consensus authority. A secondary, universal, cross-chain compatible token, MFF (Modern Finance Fuel) will be released as a transactional mechanism used to pay for goods and services. MFF will be divisible to 18 decimals. With the launch of MF Mainnet, the MFF token will take the place of the MFX token within the rewards programs, allowing merchants and consumers to receive transaction fuel for MFM.

MF Chain Business Model

Building a public smart contract platform with merchant payment integration creates a complete and robust commerce which has a reciprocating effect across all channels involved. DApps launching on the MF Chain instantly benefits from the acceptance of their tokens at thousands of merchants worldwide. As the digital economy grows, so does the value of MF Chain. MF Chain will integrate with merchants in 2018 by partnering with payment processors that are already doing business with a minimum of 10,000 merchants. Payment processors will be engaged with an incentivized partnership agreement that brings an exciting new service to their merchant product offerings. MF Chain benefits by becoming instantly integrated into a conventional stream of commerce. This unique approach ensures adoption of the MF Chain payment solution and paves a clear path for future projects launching on the MF Mainnet.

Projects approved for the Modern Finance Chain Innovation Incubator are supported by MF Chain on multiple strategic fronts: Access to the pre-built and audited smart contract library, an ICO launch platform that is multi-currency capable and development & marketing support. MF Chain will directly benefit from equity ownership in these projects.

Read our White Paper HERE