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My Freedom Coin’s Whitepaper Could Set a Standard for the Whole Crypto Industry

Place/Date: - August 23rd, 2022 at 4:41 pm UTC · 4 min read
Source: My Freedom Coin

My Freedom Coin’s Whitepaper Could Set a Standard for the Whole Crypto Industry
Photo: My Freedom Coin

My Freedom Coin’s whitepaper could set a standard for the whole crypto industry as it provides a detailed and comprehensive guide on how the coin works. The whitepaper covers all aspects of the MFC coin, from its inception to its current state, and outlines the coin’s future plans. It is clear, concise and easy to understand, making it an essential read for anyone interested in investing in the coin.

TL;DR

MFC is a DeFi platform built on Binance Smart Chain that provides an easily accessible alternative to traditional financial institutions. It has a fixed supply of 7 billion coins and its price is determined by a “floor” price which is the lowest price that the coin can be. Users can take out loans from the MFC Treasury at the floor price, with interest accruing in MFC. All transactions on the MFC platform are charged in MFC, which is taken out of circulation and added to future coin offerings.

The Team Behind My Freedom Coin (MFC)

The My Freedom Coin team is passionate about their project and is constantly striving to improve the coin and the technology behind it. They are committed to making the coin the best it can be, and their whitepaper is a reflection of that. With its clear and concise explanations, the whitepaper is a great resource for anyone wanting to learn more about the coin and how it works.

How Does My Freedom Coin (MFC) Work?

My Freedom Coin is a one-of-a-kind cryptocurrency that rewards users for participating in the network. All peer-to-peer MFC transactions are subject to a small fee, which helps to reduce supply and raise the floor price. This benefits all token holders equally because it contributes to the creation of a more stable and valuable asset.

My Freedom Coin offers unique and strong tokenomics to cryptocurrency investors. It allows users to interact directly with one another through various types of transactions, such as loan interest or exchange fees. This enables users to personalize their software experience and set their own appreciation levels.

Key Points of My Freedom Coin

  • MFC is a DeFi (Decentralized Finance) Platform that uses the Binance Smart Chain (BEP-20).
  • It has a fixed supply of 7 billion coins that are released through a series of offerings. The funds from the coin offerings are stored in a Smart Contract on the BEP20 Network called the BUSD Treasury.
  • The Treasury stores funds to buy back every single coin in circulation. This is what is called ‘The Floor’. The Floor refers to the absolute lowest price that the coin can be and it only goes up over time.
  • Each new offering releases the coin at 2x of the Floor Price, bringing the price of “The Floor” to a higher valuation.
  • Investors will be able to take Collateralized Loans from the BUSD Treasury at Floor Value, at a 0.98% monthly interest rate using your MFC Coins. Every MFC transaction will have a 2% Exchange Fee, which will be charged to the buyer and seller.
  • All proceeds of the MFC platform (i.e. Loan Interest, Buyback, and Transaction Fees) are charged in MFC and taken out of circulation which increases the value of every holders MFC.
  • MFC is an Invite only ecosystem where all transactions contribute to appreciation of Coin, providing a fair balance to current inequality of world economy

Designed to Combat Market Volatility

The ability of MFC to simplify a complex process into a single investment vehicle appeals to both novice and expert investors, and its “Floor Price” makes an investment secure as far as that concept applies in the world of cryptocurency. Analysts believe My Freedom Coin will be able to compete with other cryptocurrencies in the future because it is crash-proof and has an exponentially growing user base.

MFC is free to download on iOS and Android via its website. Investors can use the code ‘CXPMGOSKJT’ to join the platform. Learn more about My Freedom Coin by checking out their official website and their Twitter, Telegram, Discord, and Reddit. The app can be downloaded via their website.

Disclaimer: Coinspeaker is not responsible for the trustworthiness, quality, accuracy of any materials on this page. We recommend you conduct research on your own before taking any decisions related to the products/companies presented in this article. Coinspeaker is not liable for any loss that can be caused due to your use of any services or goods presented in the press release.

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