1. Who is behind menschForce & What is the structure?

Suresh M. Kannan, is the Inventor of menschForce Platform and digiBlitz was the original developer. By March 1, 2018, both Suresh Kannan and digiBlitz jointly agreed to donate the code to open community under menschForce foundation.

So, by March 15, 2018 the company started working as a DAO  — Decentralized Autonomous Organization. Since it is a DAO, menschForce is not held by any shareholders but by the digital Asset(coin) holders. The digital Asset(coin) is called “MFC” , a short form for menschForce Coin.

2. Who is the Governing Body ?

To protect the interest of the members(buyers and sellers) and coin holders, we have created menschForce Foundation a West Virginia non-profit organization in the USA. All the coin holders of the menschForce system will automatically become the member of this organization with “1” voting right per coin. As long as the trader(buyer/seller) holds the MFC coin, they automatically get the voting right per coin. In addition to the USA, menschForce foundation will establish either a sub-chapter or an Independent foundation in every country(or region) around the world to protect the interest of the coin holders/members of that country/region but under the same Operating Rules/ Principles.

Suresh Kannan is the President of menschForce Foundation and will be the managing member. Time to time the foundation can also appoint or vote to elect a different managing member.

Since menschForce runs on one or more Public Blockchain network, which is governed by some operational governance specific to that community, there might be some additional governance.

But overall, mensForce is an Autonomous organization governed by the smart contracts which is the constitution of the organization driven by the coin holders.

Protecting Trader’s’ Interests

To protect the interest of the Trading members, we have created the menschForce members Association, a West Virginia non-profit organization in the USA. All the traders of the menschForce system will automatically become a member of this organization with “1” voting right per member. In addition to the USA, the menschForce members Association shall establish either a sub-chapter or an Independent foundation in every country(or region) around the world to protect the interest of the members of that country/region but under the same Operating Rules/ Principles.

Suresh Kannan is the President of menschForce members Association and will be the managing member. Time to time the foundation can also appoint or vote to elect a different managing member.

3. Who can buy “MFC” the MenschForce Coin ?

Any legally approved (by Securities & commodities regulators of the country) institutional investor(business entities, investment firms, banks etc) around the world can buy MFC coin pre-ICO or Post-ICO.

As far as Retail investor(individual) is concerned, they can buy as long as their country’s Laws permits them to buy digital Assets within the existing Securities or Commodities Laws”.

4. Is “MFC” a Commodity or a Security?

MFC is a Security as it is a tradable digital Asset. It is also a commodity as it is a Virtual Asset with an intrinsic value from the “Products & Services” created by its members. So, it comes with all the risks, liabilities and restrictions associated with the securities and commodities. You should be prepared for disclosing/declaring the coins to both the securities and Commodity trading authorities of your home country.

5. How does menschForce generate revenue?

  • menschForce generates revenue by selling membership for buyers and sellers of the marketplace.
  • It also generates revenue through a transaction fee on successful trade between buyer & seller.
  • Additionally, it will generate revenue from advertisements and promotions within the community.

6. How many different market segments menschforce focus?

It has virtually unlimited markets and solutions/services within the market. But some of the major markets verticals that we focus initially are:

  • Manufacturing
  • Transportation
  • Business / Technology Consulting
  • Energy  ( smart Grids & IOT)
  • Pharma / Lifescience
  • Healthcare
  • Utilities
  • Telecom
  • Education.
  • Home Electronics (all home smart equipments, IOT products/solutions).
  • Home Care (Electrical, Plumbing, yard, other repair products & services.)
  • Construction
  • and much more…

7. Who is a “buyer” member?

Any buyer type member looking for product, Solutions & Services around the world through crowdsourcing.

8. Who is a Seller member?

Any seller type member who has something to offer to the buyer. It can be a Service, a Product, an asset or a Solution or Time(consulting).

9. HOW DOES THE TRANSACTION HAPPEN?

  1. Buyers & Sellers Registers in the system by paying membership fee.
  2. Seller Writes a smart contract.
  3. Buyer Writes a smart Contract.
  4. Automatic matching of the contract happens.
  5. Buyer selects the seller and contract is enforced.
  6. Menschforce immediately locks the equivalent “MFC” from the buyer’s valet.
  7. Seller delivers the product/solution.
  8. Buyer accepts the product or rejects it.
  9. menschForce checks the terms automatically by the smart contract.
  10. If accepted, menschForce deducts % fee(fee varies depending on the type of membership) from the buyer’s MFC and settled the remaining to the Seller in “MFC”.
  11. The seller can trade MFC for the local currency from the marketplace directly from their wallet; until MFC is available in the exchanges, menschforce foundation will take responsibility of settlement in their local currency or into another digital currency of their choice.

11. Is it mandatory to price the service in MFC?

Menschforce will not restrict anyone trading in any currency. Input can be any Fiat or digital currency. The settlement will always be in MFC. As mentioned, until it goes to ICO and a start getting traded at an exchange, menschforce LLC, a limited liability company where coin holders are regular members and some coin holders are elected managing members can act as an exchange itself where one can exchange the MFC for USD.

Until MFC goes to a trading exchange, menschForce LLC will act as the escrow for all the buyer-seller transactions and hold the funds in USD for the settlement purpose.

Once “MFC” goes to ICO exchanges, menschforce LLC will stop collecting the fiat currency funds/holding the funds as escrow. From that point, all the funds will be held by the exchange(s). All buyers and traders shall only transact in MFC. They shall bring in their fiat currencies and other digital assets to the exchange for the transaction purpose.

12. Why a “Buyer” should use Menschforce?

  • Decentralized Trust — No central Authority.
  • Distributed Ledger  – The information is distributed across the nodes of Blockchain. Single, uniform, unique and immutable data.
  • smart Contracts – Contracts are automatically enforced at the ledger/on the blockchain.
  • Security – Highly Secured Transactions.
  • Reliability – Reliable transactions through distributed computing and run by consensus algorithms.
  • Quality – since the sellers are pre-vetted and regularly qualified, the buyers will always get the best quality products and services.
  • Unlimited real-time reports for transactions.
  • Instant and unified communication with the seller that gets logged through timestamp.
  • Auto-matching of the best-sellers.
  • Seller “Rating” cannot tamper as it is decentralized.
  • Integration to third-party tools like ERP, CRM, and Quickbooks.
  • You shall create a “Process Automation” and deploy it.

13. Why “Seller” should use Menschforce?

  • Instant and unified communication with the seller that gets logged through timestamp.
  • Monetization – You shall monetize your solutions, services, and products effectively.
  • Buyer “Rating” cannot tamper as it is decentralized.
  • Integration to third-party tools like ERP, CRM, and Quickbooks.
  • You shall create a “Process Automation” and deploy it.
  • Get paid Automatically and almost instantly in digital Currency – MFC.
  • Initially, MFC will be pegged with US$  at $0.4(pre-sale), $1.2(during ICO) and then eventually will be traded in the ICO exchanges worldwide and will be decoupled with the dollar. Until then, menschforce can always settle the money in dollars to the Seller any time.
  • Instant and unified communication with the seller that gets logged through timestamp.
  • Monetization – You shall monetize your solutions, services, and products effectively.
  • Buyer “Rating” cannot tamper as it is decentralized.
  • Integration to third-party tools like ERP, CRM and Quickbooks.
  • You shall create an “Process Automation” and deploy it.
  • Get paid Automatically and almost instantly in digital Currency – MFC.
  • Initially, MFC will be pegged with US$  at $0.4(pre-sale), $1.2(during ICO) and then eventually will be traded in the ICO exchanges worldwide and will be decoupled with the dollar. Until then, menschforce can always settle the money in dollars to the Seller any time.
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