I'm not sure if you really found this project or you are part of their marketing team that has been posting this in the forum.
I've seen the same posts before about MFChain so by checking their website, they are able to met the soft cap. And right now they are still on pre-sale and they will have their working app as well. How long is their ICO going to held? I'm not convinced with this project, their minimum distribution is 5 ETH? that's high.
I did a little research on this earlier on and could not believe the minimum distribution of 5ETH. this fact alone is the main reason I did not research any more info from their site. May not be a scam, but geez thats 1 red flag for me enough to have to give this a miss.
I just visited and look at it if its worth of a read but no way.
This type of ICO that has a large amount of its minimum required investment can't afford by the usual ICO investor. I'm not interested but that's very high IMO. I've seen many ICOs that are even only requiring half ETH for their minimum but this is just too much.
1250 dollars is expensive ? Sorry , man no it isnt. That is also the pre ico, the ico will be . 1 eth which is normal as ico goes. The fact is that most icos are funded by venture capital and by rich single investors. The people investing .1 eth are not funding 20 million hardcaps. It has been this way for a few months now and it is even more so, recently. Mfchain has a lot of venture capital interest and investment, which will push then over the line. Mfchain will reach their goal no problem. The ceo is a veteran of the payment processing industry and he knows what it takes to make this happen. He isnt going to go into a business in this market condition, just hoping on chance that he will get interest of enough .1 eth investors. Anyone who cant afford 1500 shouldnt be in crypto because they are wasting their time. You dont moon off 100 dollars.
Mfchain is in a great position and will be a top 100 cmc easily.