FAQ

What is a Decentralized Exchange (DEX)?

Unlike a centralized exchange, decentralized exchanges don’t directly store your assets. It gives you the safety and ability to trade large volumes without having to worry about what will happen next. In addition to that, there is no log-in process required, meaning you don’t have to provide your personal information, making the process as anonymous as it gets.

How does MCFinance DEX compare to others regarding speed and cost?

Using the Matic PoS Chain solution which is an Ethereum sidechain, it allows MCFinance DEX users trade seamlessly. With the average time of transaction being around 30 seconds and the cost of over $6 for Ethereum mainnet on various exchanges available on the market, MCFinance DEX was able to cut it down to approximately one second with the cost of around $0.000002 in $MATIC, making it almost half a million times cheaper. However, we took it a step further for users so that they don't have to purchase $MATIC separately and deployed a gas station network so that the gas fee is literally free!

How can I make money with MCFinance?

You can arbitrage or if you decide to provide liquidity for trading pairs on the platform, you will receive 0.25% of the trading fees as well as MCFinance’s native MCF token for your participation in this process and being a part of the community. The token is governed by its holders, who can create proposals for and vote on various factors relating to the protocol, giving you partial control over the platform.

What is MCF token?

MCF tokens are distributed to our community as a reward for contributing to the community. Everybody who contributes to the MCFinance exchange will receive MCF tokens which are native to the platform. It helps facilitate the trade and staking of multiple tokens, giving our users even more flexibility. To ensure stability, the tokens will be slowly released to the public in phases with a lock period to avoid buy and dump scenarios.

When will MCFinance DEX launch?

We are planning to launch MCFinance DEX on May. Further dates will be announced before the initial liquidity farming season starts.

What is a Decentralized Exchange (DEX)?

Unlike a centralized exchange, decentralized exchanges don’t directly store your assets. It gives you the safety and ability to trade large volumes without having to worry about what will happen next. In addition to that, there is no log-in process required, meaning you don’t have to provide your personal information, making the process as anonymous as it gets.

How does MCFinance DEX compare to others regarding speed and cost?

Using the Matic PoS Chain solution which is an Ethereum sidechain, it allows MCFinance DEX users trade seamlessly. With the average time of transaction being around 30 seconds and the cost of over $6 for Ethereum mainnet on various exchanges available on the market, MCFinance DEX was able to cut it down to approximately one second with the cost of around $0.000002 in $MATIC, making it almost half a million times cheaper. However, we took it a step further for users so that they don't have to purchase $MATIC separately and deployed a gas station network so that the gas fee is literally free!

How can I make money with MCFinance?

If you decide to provide liquidity for trading pairs on the platform, you will receive 0.25% of the trading fees as well as MCFinance’s native MCF token for your participation in this process and being a part of the community. The token is governed by its holders, who can create proposals for and vote on various factors relating to the protocol, giving you partial control over the platform.

What is MCF token?

MCF tokens are distributed to our community as a reward for contributing to the community. Everybody who contributes to the MCFinance exchange will receive MCF tokens which are native to the platform. It helps facilitate the trade and staking of multiple tokens, giving our users even more flexibility. To ensure stability, the tokens will be slowly released to the public in phases with a lock period to avoid buy and dump scenarios.