Crypto analyst: My Freedom Coin (MFC) reminds that some new projects are safe bets


Surprisingly, a new DeFi cryptocurrency token called my piece of freedom (MFC), outperformed the others, making investors money as opposed to their more established counterparts.

Unlike crypto giants like Bitcoin and Ethereum, MFC aims to mitigate the volatile effects of crypto winters with its unique “anti-crash” design.

Analysts and experts are impressed with MFC’s potential as well as its continued growth despite a declining market. My Freedom Coin is a good example of how new projects can be good investments during the crypto winter.

Built to survive a stock market crash

My Freedom Coin is a platform with three pillars that make it a “HODL” for any investment in cryptocurrencies.

MFC simplifies a difficult procedure for new investors. The MFC initiative is distinguished by its reserve fund, which maintains a price floor and allows for low-risk investments. This feature alone brought something new to the industry.

Analysts say My Freedom Coin can compete with other cryptocurrencies due to its stable price floor, which is maintained by removing MFC from circulation to increase its market value. Loan interest, redemptions and transaction fees collected on the MFC platform are charged in MFC and taken out of circulation.

How does the MFC do this?

Guaranteed loans: The BUSDT allows users to secure their MFC and take out a loan at a monthly interest rate of 0.98% in MFC. The term of the loans is 12 months, although they can be renewed before maturity. Accrued interest is burned, which increases the floor price. Loan renewals with a minimum annual principal payment of 100 BUSD incur an additional cost of 0.5%. Due to its collision-proof design, MFC differs from other lending platforms in that each secured loan carries no liquidation risk.

Issues and Redemptions: To support the value of its native coin, MFC has built several features including issuances and redemptions. Transactions on the secondary market or the creation of new coins are done at twice the floor price. 10% of community incentives are allocated to the “BuyBack” smart contract, which buys MFCs out of circulation to increase the price floor.

Exchange between peers: All MFC transactions carry a 2% exchange fee, which increases the price floor by removing MFC from circulation.

Transaction fees: MFCs can be transferred between users and are frequently used as a form of payment. A 0.5% commission is collected and withdrawn from circulation in MFC, contributing to the increase in the floor price.

In conclusion…

Analysts think MFC is a safe bet during a crypto winter. First, he has a solid plan and is committed to executing it. Second, the coin has a strong community behind it. And finally, the coin is also backed by unique and strong technology to protect its users and assets.

The My Freedom Coin app is compatible with iOS and Android. Visit their website or their Twitter, Reddit and other social media for more information. To register for the platform, enter the code CXPMGOSKJT.

Source link


Comments are closed.