MobiFi is a financial orchestrator for Mobility as a Service (MaaS). We’re building the transportation UX of the future — simplifying the mess of mobility services that many consumers face today while also allowing them to earn on their mobility credit. Once complete, our platform and tokenized payment system will boost mobility service provider efficiency and coax users into more sustainable transportation decisions. What is MobiFi (MoFi) | What is MobiFi token | What is MoFi token
In this article, we'll discuss information about the MobiFi project and MoFi token
MobiFi is a financial orchestrator for Mobility as a Service (MaaS). We’re building the transportation UX of the future — simplifying the mess of mobility services that many consumers face today while also allowing them to earn on their mobility credit. Once complete, our platform and tokenized payment system will boost mobility service provider efficiency and coax users into more sustainable transportation decisions.
The financial system orchestrator for mobility services
The lack of systemic direction is a key reason that the influx of different mobility modes in cities has increased the complexity but not the overall performance of today’s urban transport
MobiFi — a financial orchestrator for Mobility as a Service (MaaS) — aims to solve this. We provide a transparent platform with a tokenized payment system to connect mobility service providers and users. Our unique DeFi bridge makes it possible to turn unused credit into a yield engine.
A transparent and controllable environment for businesses
Utilizes Corda’s distributed ledger to ensure transparency while also maintaining controllable data privacy.
Enables transportation service providers to transact directly and privately using smart contracts, reducing costs and streamlining business operations.
Uses a tokenized mobility credit to reward users for sustainable choices and as a medium of exchange for mobility services.
Featuring a reward engine that’s fully automated via smart contract, the platform also incentivizes users to lighten their footprint without locking them into a siloed loyalty program.
The MobiFi App — an identity device, a wallet, and a one-stop shop for mobility services.
A DLT-based payment engine that automates the mobility credit system for enterprises, all managed in one control portal.
Businesses can either choose to use a node as a service or join the network with their own blockchain nodes.
Featuring a dual token strategy to ensure that the mobility platform is insulated against the volatility of the crypto market.
A mobile app for both iOS and Android which creates a simple and friendly experience for end users.
The MobiFi wallet acts as a bridge between an internal mobility credit system and the public crypto market.
Below is a basic outline of MoFi token metrics, which illustrates initial market capitalization and the total supply of tokens. We’ve also included raise statistics to clarify how initial tokens will be allocated and released to make a distribution model to incentivize the rapid yet sustainable growth of the MobiFi community.
Total Supply: 150.000.000
Initial Circulating Supply following our public sale: 17.880.000
Seed Round: 8%
Private Sale A: 10%
Private Sale B: 24%
Staking/Farming reward: 10%
Floating liquidity: 5%
Date: April 2nd 2021 — HERE
Start Price: USD $0.03 cents per token
End Price: USD $0.0565 cents per token
The MoFi token uses Ethereum’s ERC20 standard, and it is the primary utility token to be used in exchange for SMiles, i.e., mobility services. When a user exchanges a MoFi token for SMiles, the MoFi will be burned. In this way, the MoFi token is deflationary, and over time, the total volume will be reduced. This mechanism of limited supply and ever reducing volume is intended to increase the value of the MoFi token. (See Figure 1 below)
Figure 1. The relation between MobiFi token price and its circulation volume based on the burning mechanism
The value of MoFi is, like any other digital asset, influenced by the demand and supply of the crypto market and the mobility ecosystem built on SMiles. The bigger the mobility ecosystem becomes, the higher the market value of MoFi token. This dynamic is expected to be especially noticeable in the first few years of MobiFi due to the primary relationship between MoFi and SMile tokens.
In addition, a user can only cash out SMile tokens via MoFi at an early stage (e.g., 1–5 years). If the SMiles mobility network is growing fast, there won’t be enough MobiFi tokens on the market to be exchanged.
See Figure (2).
Figure 2. MobiFi token price goes up as the mobility ecosystem grows
This design is intended to solve two problems:
1) Without a stable medium of exchange, the whole system would be unusable. The volatility of the crypto market will have minimal impact on the SMiles tokens that are used inside the MobiFi network. SMiles token plays a role as a stable coin, a mobility credit, and a reward point.
2) We ensure the circulation value of MoFi token is automatically adjustable to the demand and supply of the secondary market and directly influenced by our main business — acting as the financial orchestrator of mobility services.
MoFi is now live on the Ethereum mainnet. The token address for MoFi is 0xb2dbf14d0b47ed3ba02bdb7c954e05a72deb7544. Be cautious not to purchase any other token with a smart contract different from this one (as this can be easily faked). We strongly advise to be vigilant and stay safe throughout the launch. Don’t let the excitement get the best of you.
Just be sure you have enough ETH in your wallet to cover the transaction fees.
You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)...
We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.
Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)...
Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)
You need a wallet address to Connect to Uniswap Decentralized Exchange, we use Metamask wallet
If you don't have a Metamask wallet, read this article and follow the steps
Connect Metamask wallet to Uniswap Decentralized Exchange and Buy MoFi token
The top exchange for trading in MoFi token is currently Uniswap (V2), 1inch Exchange and 0x Protocol
Apart from the exchange(s) above, there are a few popular crypto exchanges where they have decent daily trading volumes and a huge user base. This will ensure you will be able to sell your coins at any time and the fees will usually be lower. It is suggested that you also register on these exchanges since once MoFi gets listed there it will attract a large amount of trading volumes from the users there, that means you will be having some great trading opportunities!
Top exchanges for token-coin trading. Follow instructions and make unlimited money
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Find more information MoFi
🔺DISCLAIMER: The Information in the post is my OPINION and not financial advice, is intended FOR GENERAL INFORMATION PURPOSES ONLY. Trading Cryptocurrency is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money.
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