About Mfun (PreICO)
Mfun is a blockchain rewards platform designed to capture more value from the gaming economy and redistribute that value more fairly to gamers and local game providers. We believe that the gaming economy needs to be more balanced and efficient, as we seek to re-capture the value taken away by digital advertising middlemen and third-party payment providers and re-distribute that to gamers and game content providers ? game developers and publishers. Mfun wants to solve three main inefficiencies which are: 1. Gamers are not rewarded for their time spent playing; 2. Game providers cannot get a good return on their ad spend and 3. Lack of transparency and trust in the gaming economy. Mfun will use a three-pronged approach to address these inefficiencies: Get Rewarded For Playing Gamers will get to earn?Mfun tokens as they play their favourite games! The more time they spend playing, the more they will earn. They can also choose whether they want to watch video ads or do additional tasks to earn more tokens. Mfun tokens can be used for their in-game purchases across any other games on the Mfun platform or be converted into other cryptocurrencies so that they can monetize their in-game efforts. Bypass Middlemen To game developers and publishers, no more guess-vertising! They can now reward gamers directly for actual time spent playing their games, instead of wasting their marketing budgets on empty ad impressions and clicks that drive no results. Gamers are more motivated to try out new games as they get rewarded. Developers also get to save on fees paid to third-party payment providers that suck up a huge part of their budget and only need to pay for actual time gamers spent playing their games. A win-win for both! Safeguard Privacy Unlike other rewards systems which require submission of personal information such as identification number, credit card number, or bank account number, Mfun is built on blockchain technology and will only need your mobile number for verification. Mfun token (MFUN) is a utility token which will be created to enable transactions within the Mfun Ecosystem. ?Mfun? tokens are ERC-20 compatible tokens distributed on the Ethereum blockchain pursuant to a related ERC-20 smart contract. Game providers can use Mfun tokens to rewards gamers for their time spent and for trying out new games. On the other hand, gamers can make in-app purchases using these tokens to facilitate their gaming experience.