![](https://steemitimages.com/DQmWBnM36YMBBnAtg8ZpaHWnvJCsUNvWKg9g616BYiPYmrF/image.png)

Imagine a situation where you are provided with a debit or credit card issued by a bank, but you do not have the flexibility and provision for making a merchant payment through that card. Would not that sound strange and kind of limiting your accessibility? Definitely yes.  A platform of banking and financial services ought to have multitudes of offerings and services. Somewhat identical is the scenario with most of the cryptocurrency platform providers, where one can definitely trade and exchange with other crypto platforms but do not have the right technology and idea to make merchant payments from that platform. To serve this unmet need of the customers, MF CHAIN has come up with a unique and innovative idea to merge trading as well as merchant payments through the same platform using cryptocurrency.

**Introduction**

Modern Finance Chain (MF Chain) is the future of cryptocurrency platform. In partnership with processors and merchants it is building a system of zero merchant fees and at the same time offering innovative rewards for consumers and merchants. MF Chain is developing a digital economy where consumers will have the ability to buy products and services via any cryptocurrency. Furthermore, it will also allow for the development of private blockchains, multi-blockchain integration and a verified digital identity system. It believes that cryptocurrency should not be limited to tokenized economy. So, it is building the future of blockchain which will commence with the consumer-merchant payment solution and rewards program. Its holistic and robust system will allow consumers, merchants and enterprises to make the most of the suitability and security that cryptocurrency and blockchain provide.

**Current Problems**

The first and foremost problem that consumers have to face while making an online payment is high transaction and processing fees. Credit card processing fees vary from 1.5 % to 3.5 % per transaction. This has either to borne by merchants as loss or pass it on to the consumers. Moreover, merchants have to mitigate the risk of consumer chargebacks and likelihood of fraud generating from both consumers and would-be hackers. Even cryptocurrency is facing these challenges due to its lack of volatility. Valuation of cryptocurrency fluctuate in seconds of time and that is why consumers do not go for this. There are also concerns regarding cryptocurrency transaction fees and transaction processing time. Consumers look for a payment system which is secure, reliable and with low transaction fees, which the current platforms are unable to provide.

**Solution**

MF Chain has built aa system in which merchants are rewarded a rebate of 1 percent of their total cryptocurrency volume in the form of MFX tokens. Moreover, merchants have been given complete control over their funds without the risk of reserves or chargebacks. The MF Chain reward pool program will allow consumers and merchants to receive multiple reward tokens for a single transaction. When a consumer will spend MFX Tokens at a merchant, he/she will receive a rebate of 1 percent automatically paid to their wallet. Since, it is backed by blockchain technology and smart contracts, security and safety from hackers is fully guaranteed. Thus, it offers a 360-degree solution to cater to all the needs of consumers ranging from reliability, flexibility, offerings and of course security.



**Token Details**

MF Chain tokens is called as MFX. It operates on Ethereum ERC-20 platform with ERC 223 additions that secure the token holders if tokens are lost accidentally.  It is backed by blockchain technology. It plans to raise tokens in between 2500 and 33,000. Private offers will be made between April 5, 2018 to May 5, 2018. Presale date is between May 6, 2018 to May 25, 2018. The ICO will be released between May 26, 2018 to June 25, 2018. Soft cap value is 2500 ETH and hard cap value is 33,000 ETH. The total number of MFX token is capped at 521,000,0000. ICO token price is 1 Ether = 8500 MFX Tokens. Pre-sale Token price is 1 Ether = 10,150 MFX Tokens.

**Conclusion**

A platform where consumers can purchase goods and services from merchants which will create a cost-effective crypto currency payment ecosystem. It has a unique reward system for both merchants and consumers. A sustainable cryptocurrency payment ecosystem will be created that will continuously add value for merchants and consumers and resolve the deep-rooted problems associated with conventional crypto platforms. Investors can not find a better time and better platform than this to invest their money. It is bound to generate huge returns and add profit to them.

Website: http://mfchain.com/
Whitepaper: https://mfchain.com/wp/

Blog by ollivander7
BTT Profile: https://bitcointalk.org/index.php?action=profile;u=1069616