Review on Mainframe by francis fernandez
Mainframe: A blockchain portal to obtain liquidity instantly and safely with the guarantee of cryptocurrencies.
Mainframe is a platform for the management of credits at a fixed rate offering as collateral the cryptocurrency funds of its applicants.
Token:
Mainframe uses its native MFT token as the driving force behind the operations carried out on its platform related to the management of loans, liquidation and remortgagement.
The token has a set limit of 10,000,000,000 MFT.
Functioning:
The Mainframe platform makes it accessible to any user to obtain financing; establishing their crypto funds as collateral.
The network employs a debt instrument similar to a promissory note that involves an obligation on the blockchain with a pre-established date for its settlement.
This decentralized financial system facilitates the commercialization (purchase and sale) of tokenized obligations to grant fixed-rate loans and generate liquidity flows.
Its basic operation consists of borrowing users making deposits as a guarantee and then minting coins; instead, the lenders acquire the tokenized debt, possibly at a discount, and then convert it at maturity.
In the event that the loan guarantee is insufficient, users can act as guarantors and buy guarantees at a discount.
Technology:
The Mainframe network due to its blockchain technology is capable of storing data in a secure and transparent way.
Mainframe achieves a perfect fit with blockchain technology by doubling the reliability of data that is distributed through a wide network of masternodes.
This duplication of Mainframe network technology enables large companies and organizations to manage large volumes of data efficiently and reliably.
Pros
- Allows anyone to manage credits online safely.
- It is used to obtain liquidity quickly using funds available in digital currency as collateral.
- It is an investment tool to obtain financing at a fixed rate.
Cons
- The value of your currency is volatile.
