There is a growing concern about cryptocurrencies being used for nefarious activities, and as a result, several governments globally have started regulating the Crypto space. As blockchain technology itself is still relatively new, we want to take a very conservative approach and implement a robust process that will comply with the local regulations both from an account funding as well as trading perspective. Our policy will protect investors and promote transparency to the regulators. This will enable us to make the entire process of buying and selling the cryptocurrencies seamless. It will also help all the users to get authentic transaction documents as needed for tax filing purposes.
Myfichain is a blockchain business development platform that seeks to provide for the entire blockchain
community, robust exchange platforms both centralized and decentralized to give the community
a mixed sensation of both centralized and decentralized trading experience.
Myfichain exchange is being built as a distributed and sharded system which, through the use of microservices-based architecture, can be scaled infinitely. Our team has experience in successfully building high throughput, low-latency systems at industrial scale. The Myfichain platform design features low-latency data stores and a caching mechanism designed to deliver high performance and avoid single points of failure. The Myfichain UI will be highly responsive and give instant feedback to users. This architecture is similar to that of Web 2.0 companies such as Google, Amazon, and Facebook that have horizontally scalable systems.
Myfichain exchange can operate indefinitely without charging transaction fees on trades by minting a small number of new Myfichain tokens each year. Token issuance is decided and governed democratically by all Myfichain token owners. Traders who are attracted to zero-fee trading must buy Myfichain tokens to participate, thus creating increased demand for Myfichain Token. This demand will offset the small inflationary effects of minting a small number of new tokens.
Make profits trading MyFiChain, buy low and sell high. The price of MyFiChain is determined by supply and demand; so you can take advantage of the fluctuating price and trade it for profits. This will ensure that the price of MyFiChain will always be rising and we won't be in control of the growth.
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