The current crypto winter has been tough on investors and traders alike. However, there have been a few rare gems that have shone brightly during this difficult period.
There are coins that have performed well during the bear market, but not many. BTC and ETH have bounced well off their bottoms, but investors are still licking their wounds.
However, there’s one rare “gem” that has actually gained value during the bear market – My Freedom Coin. It is a rare gem in the midst of a long-term bear market in cryptocurrency.
MFC is a relatively new cryptocurrency, established in 2021. Despite the bear market, it has actually surged 50 times in value since its launch.
What is the secret to My Freedom Coin’s (MFC) success?
My Freedom Coin’s secret to its success is its unique and innovative tokenomics. Its ‘Floor Price’ is an important mechanism that ensures the value of each token does not go below a certain point. The protocol’s ‘Treasury.’ backed by BUSD tokens, generates funds from coin offerings and sets this floor price, preventing any depreciation on your investment while also contributing to its appreciation over time.
This means that investors can be confident My Freedom Coin is safe and sound and that you will be able to reap the rewards of your investment for years to come. It will not repeat the mistakes of the highly critized Terra (LUNA) project.
What problem does My Freedom Coin (MFC) solve?
In the world of cryptocurrency, there is always the potential for a crash. No matter how well a coin is doing or how popular it is, there is always the chance that it could lose value suddenly and dramatically. This has happened with many coins in the past, and it will likely happen again in the future.
However, there are some coins that seem to be more resistant to crashes than others. One of these coins is My Freedom Coin. My Freedom Coin is a new coin that was created with the specific purpose of being resistant to crashes. The team behind My Freedom Coin designed it to be as stable as possible, and so far it seems to be working. The price of My Freedom Coin has remained relatively stable (even appreciating) during times when other coins have crashed.
There are many reasons why a coin might crash, but one of the most common reasons is because of something called a “flash crash.” A flash crash happens when there is sudden selling pressure on a particular coin and its price plummets very quickly. This can often happen due to news events or rumors about a particular coin. It can also happen if someone with a lot of money decides to sell their holdings all at once.
My Freedom Coin was designed specifically to resist flash crashes like these. The team behind My Freedom Coin implemented flash crash protection.
My Freedom Coin differs from other DeFi projects in that it has the potential to be a crash-proof platform. One of these differences is that My Freedom Coin has a “floor price”.
How does a floor price make a coin “crash proof”.
What this means is that the value of My Freedom Coin can never go below a certain price. This price is set by the developers based on its BUSD treasury holdings. The floor price ensures that even if the market crashes, My Freedom Coin will still be worth something as it is collateralized to BUSD held securely in its treasury.
This makes My Freedom Coin very different from other digital currencies, which can sometimes become worthless overnight if there is a sudden crash in the market. This makes My Freedom Coin much more stable and less risky to invest in.
So why exactly does My Freedom Coin have a floor price? The main reason is to protect investors from losing all their money if there is a sudden market crash. By having a floor price, investors can be sure that their investment will not suddenly become worthless overnight.
Overall, the floor price is a key feature of My Freedom Coin that makes it much more stable and less risky than other digital currencies.
Additional features of My Freedom Coin (MFC)
MFC rewards users for promoting and using the network. The protocol levies a small fee on all peer-to-peer MFC transactions, which helps to reduce supply and raise the Floor Price. This is a fantastic initiative for anyone who owns tokens because it makes the asset more stable and valuable.
Furthermore, the protocol allows users to directly benefit from one another through transaction fees, exchange fees, and loan interest. This alters the way traditional financial systems function and provides all of the benefits to MFC holders.
With all of these offerings in place, the My Freedom Coin team is confident that the coin will be able to become one of the top DeFi platforms in 2022.
MFC is free to download on iOS and Android via its website. Investors can use the code ‘CXPMGOSKJT’ to join the platform. Learn more about My Freedom Coin by checking out their official website and their Twitter, Telegram, Discord, and Reddit. The app can be downloaded via their website.