What is MFS
Moonbase File System is building a decentralized, distributed, and fully encrypted data storage network using its Proof of Capacity system to prevent against network downtime and service outages and enable full Web 3.0 compliance. Moonbase File System Token MFS is available on Binance Smart Chain (BSC) BEP-20 token standard. For each MFS transaction a 10% fee is assessed, 8% of which is redistributed among MFS holders. 50% of MFS tokens were burned at launch and MFS liquidity is held in a time locked contract using DxSale platform.