MFT is now available to buy, sell and trade on the CoinZoom exchange! U.S. based customers with a CoinZoom Visa debit card can also spend MFT with their card.
MFT, the native utility token of Hifi Finance (formerly Mainframe), is used for governance votes, staking to ensure the safety of the protocol and rewarding contributors to the ecosystem. Hifi launched its token in Q1 2018, with a supply cap of 10B tokens.
Hifi is a Lending Protocol that allows anyone to borrow against their crypto. Hifi uses a bond-like instrument, representing an on-chain obligation that settles on a specific future date. Buying and selling the tokenized debt enables fixed-rate, fixed term lending and borrowing — something much needed in decentralized finance today. It is anticipated that a ticker symbol change will occur alongside future iterations on the Hifi Lending Protocol.
To celebrate MFT going live on the exchange Hifi Finance is giving away $30,000.00 worth of MFT Tokens in staking rewards!
The Staking Rewards period will begin April 20, 2021 and conclude May 20, 2021. Here are the details:
-Rewards paid out daily, weekly and once at the end of the month, May 20, 2021.
-Daily Reward - $200 in MFT split between all daily qualifying MFT holders.To qualify for the daily reward, you must purchase and hold a balance of 20,000 MFT.
-Weekly Reward - $1,000 in MFT split between all daily qualifying MFT holders.To qualify for the weekly reward, you must purchase and hold a balance of 20,000 MFT.
-End of Month Reward (end of contest) - $20,000 in MFT split between all daily qualifying MFT holders.
To qualify for the end of month reward, you must purchase and hold a balance of 20,000 MFT.