My Freedom Coin[1] or MFC is a DeFi platform built upon the transparent and secure BEP-20 blockchain. By blending the secure, transparent, and fast technology of blockchain with the financial service industry the platform aims to provide an accessible alternative to financial institutions around the world.
MFC’s ecosystem works on minimizing the potential for negative volatility that comes with the crypto market while creating stable growth. It has multiple utilities including a wallet, bank, and exchange letting users buy, sell and collateralize their MFC coins.
The platform’s coin works as a crash-proof asset and store of value giving stable growth for investors.
BUSDT Treasury and Floor Price
The MFC coin[2] has a total supply of 7 billion coins that are released through a series of offerings. The funds that are collected through the MFC coin offerings are then stored in a smart contract on a BEP-20 network called the BUSD Treasury (BUSDT).
BUSDT guarantees that all coins in circulation will not fall below Floor Price, which can only stay the same or increase. Floor Price refers to the absolute lowest price that the coin can be and this price subsequently goes up over time.
The consistent growth of BUSDT is ensured as each coin offering is 2X of the Floor Price. Furthermore, all the fees that is charged in MFC is taken out of circulation thereby increasing the Floor Price.
Key aspects
Some major aspects of the My Freedom Coin ecosystem include:
- Collateral Loans: BUSDT allows users to collateralize their MFC and take a loan that is charged at 0.98% per month daily in MFC. Loans are issued out on a 12-month term that is renewable anytime before the period ends. The interest acrrued is taken out of circulation thereby increasing the Floor Price.
