In the past decade, there has been a shift in the way that people think about financial systems. With the advent of Bitcoin and other decentralized technologies, people are beginning to realize that there is a better way to do things.
Decentralized finance, or “DeFi,” is a new way of thinking about financial systems that is based on the principles of decentralization. It is a hot topic in the cryptocurrency world. And with good reason: DeFi has the potential to upend the traditional financial system and give power back to the people.
My Freedom Coin is at the forefront of this DeFi revolution. With its one-of-a-kind tokenomics, MFC is a decentralized platform that serves as the world’s first crash-proof cryptocurrency.
Innovation in the world of DeFi
The world of decentralized finance is ever-changing and evolving. New projects are constantly popping up, and My Freedom Coin is the leader in this space.
My Freedom Coin serves as the native currency of the decentralized financial software of the same name. The platform comes with Zero Liquidation Risk, setting it apart from the myriad of DeFi lending platforms that are subject to liquidation.
Interesting DeFi mechanisms have been put in place for My Freedom Coin to sustainably increase in value over time. In actuality, it is the sole cryptocurrency in existence with a ‘Floor Price’ from which all profits go toward the growth of the coin.
How does My Freedom Coin (MFC) work?
My Freedom Coin charges a small fee of 0.5% on all peer-to-peer (P2P) MFC transactions. It brings down the circulating supply of MFC and, in turn, increases its ‘Floor Price,’ the absolute lowest price that the coin can be at.
Additionally, the protocol burns revenue from license fees, exchange fees, and interest on loans. In this manner, platform transactions help the ‘Floor Price’ to appreciate.
Its ‘Floor Price’ is an important mechanism that ensures the value of each token does not go below a certain point. The protocol’s ‘Treasury,’ backed by BUSD tokens, generates funds from coin offerings and sets this floor price, preventing any depreciation on your investment while also contributing to its appreciation over time.
MFC is a new project that is looking to change the way we think about cryptocurrency. They are doing this by creating a new ecosystem that is designed to be more accessible to the masses.
The team behind MFC is very ambitious and they have big plans for the future. They are currently working on a number of other projects that will further the adoption of MFC tokens. So far, they have made great progress, and they have a lot of exciting things in the pipeline.
Learn more about My Freedom Coin by checking out their official website and their Twitter, Telegram, Discord, and Reddit. Investors can use the code ‘CXPMGOSKJT’ to join the platform. The app can be downloaded via their website.