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.
Many ICOs are making such mistakes and require huge investments. This way they are losing many small potential investors that could be interested if they could give, say, 50 dollars to the project, but not much more than that. ICOs are too risky to give them much money anyway.
The idea is fine, but who knows whether they can accomlish the task. I am not sure they can, since the ambitions are really high. The company was founded only a year ago and I can see no partnerships that could mean that their platform will actually be adopted.