After a successful first round and meeting the softcap already in the early phase, MF Chain decided to extend the presale round through July.
There are several reasons leading to the decision with the primary being the introduction of the new technological and financial feature that will benefit both merchants & consumers as well as current participants in the first round of the presale.
Within the coming weeks, MF Chain plans to unveil their groundbreaking MF2x protocol that will enable fast and easy crypto to fiat swap. The protocol will further strengthen MFC’s position on the market by enabling the seamless crossborder exchange between crypto and fiat currencies for both merchants and consumers. Having this ability, the users can easily hedge against cryptocurrency volatility. In another instance, the new protocol is allowing merchants to maintain their needed cash flow for business expenses.
“The recent market turmoil has brought unique challenges to our business, thus spawning a deep and critical focus on the development of the MF2x protocol. Our new smart contract powered protocol will integrate into a merchant banking platform which we have just secured as a technology partner. Our technology, combined with that of the banking system we will integrate MF2x into, will allow our merchants to transfer crypto to fiat directly into their bank account, seamlessly,” says Naviin Kapoor, Modern Finance Chain, VP.
That same volatility was stated as yet another reason that has influenced the decision to extend the presale round and further strengthen MFC’s use-case and application prior to the main ICO event with particular sensitivity being considered for the sake of curren MFX token holders.
The MF Chain public sale is tentatively scheduled to begin some time in August. During the remainder of the pre-sale, the MF Chain will be attending events and scheduling meet-ups. Our first planned event is scheduled for July 7th in Shenzhen China. The event is hosted by our strategic partner Loopring where Naviin Kapoor will be in attendance and will take part in a panel discussion.