Q: Is it safe to invest in MyFi?
A: Yes, it is safe.
Q: What is MyFi?
A: MyFi or also known as MyFinance is a new technology that is developed to achieve the vision that cryptocurrencies were meant to step in by creating a clever, strong, and easy to use banking system that can be accessed and used by anyone on the planet. MyFi is launching the MYFI token, an ERC20-compliant token that runs on the Ethereum blockchain.
Q: What is $MYFI total token supply and will it be stable?
A: $MYFI max token supply will be 80 000. Due to that token supply will be deflationary.
Q: Is MyFi a Stablecoin?
A: No. Stablecoins have a fixed value or fluctuate around it (usually pegged to fiat coins such as USD, EUR etc). MyFi is an ERC20-compliant token that runs on the Ethereum blockchain.
Q: How is MyFi different from bitcoin?
A: MyFi is not based on Bitcoin. It is based on the Ethereum network. Bitcoin is a completely transparent system, where people can see exactly how much money is being sent from one user to another. MyFi hides this information to protect user privacy in all transactions
Q: What is MyFi’s mission?
A: MyFi believes that a vital foundation for global, distributed economies would be blockchain-based markets. MYFI tokens are produced and incorporated into the scheme, reflecting the mission of completely implementing blockchain technology into the market.
Q: Is MyFi decentralised?
A: Yes. MyFi makes every effort to be as truth as possible. There are no admin controls, upgradeability, or shutdowns built into the smart contracts.