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Investing in initial coin offerings (ICOs) or even already launched and listed tokens that have a low market cap becomes increasingly risky over time. A volatile market already saturated with various types of projects is not a very forgiving space; for this reason, many who cannot afford to lose their investments simply avoid most ICOs. My Freedom Coin is a project that removes many of the worries retail investors have when looking for new and upcoming tokens: by introducing a price floor for tokens through an innovative smart contract system, there is no fear your investment goes to zero.
How does the price floor work?
The smart contract that holds all the funds generated from coin offerings is called the BUSD Treasury, abbreviated as BUSDT. It also guarantees the existence of the floor price, which is calculated in BUSD divided by the circulating number of My Freedom Coin (MFC). When a Peer-to-Peer fee is charged, which is always 0.5% of the total transaction in MFC, it is taken out of circulation, ensuring that the floor price increases over time.
Peer-to-Peer fees are not the only fees on the platform, but all other types of fees also work the same way, taking a percentage out of the treasury in order to raise the price floor. For example, to be able to trade on the platform, you will need to pay for a trading license, which varies between $5 and $50, depending on how quickly you got onboarded – unless you were very lucky. and you were one of the first 10,000 users of My Freedom Coin, in which case your trading license is free. 10% of the trading license value is also withdrawn from circulation, while the remaining 90% is added to the community program to activate referral bonuses, making it loop back for clients.
A third way that fees take MFC out of circulation and ensure that the price floor rises is through the use of secured loans. If you want to collateralize your MFC holdings and take out a loan against the Treasury, you are charged 0.98% interest per month. The term of the loan is 12 months, but is renewable at any time before the expiry of this period with a 0.5% fee for loan renewals.
But does that make the app expensive to use?
In short, no. If you do not intend to trade on the exchange in any given month, you are under no obligation to pay for the trading license. Plus, if you’re an early adopter, your trading license is actually pretty cheap, if not free! The app itself, which is available on both Android and iOS systems, is also free to download.
Additionally, the unique economy is what makes this project less risky than others currently available. With a floor price, there is no risk of going to zero. It also ensures that if you take out a loan, there is no risk of liquidation – which unfortunately is not the case for many crypto lenders, as recent events have shown.
Plus, with all the dues you pay, either in the value of the coin itself or in a community program, you always win on many levels. This can make MFC your rock in the stormy seas of volatile crypto markets – something not even stablecoins have been able to consistently prove. After all, it’s more than most other types of assets, crypto or traditional, can claim for themselves.
To join this innovative new platform, use the QR code CXPMGOSKJT. If you want to stay up to date with everything that’s going on there, follow their Discord, Reddit, Twitterand/or Telegram!