Hello everyone, I’m Bimal Bhandari, today I will introduce to you a project that many people have learned recently that is:OKGlobal Coin - My identity coin.
Now let’s find out if this project is interesting and explore it. We will learn everything about this project today so read my blog fully.
Introduction of OkGlobal Coin SWITCH "My Identity Coin".
As depicted above and as indicated on the official website of OkGlobal Coin SWITCH, OkGlobal coin switch is the first and only compliant international blockchain project of its kind aimed at the complete disruption and takeover of banking, finance, exchange and payment processing via a living reactive decentralized autonomous organization, DAO,
Furthermore, MYID Coin is a project is a part of “The Money Project” by the OkGlobal Coin SWITCH and this project is created as the world first tagging/ wrapping technology with unique owner identifying code. The main purpose of MYID coin coding is to reduce and ultimately eliminate threat of loss, theft.
OKGlobal will put profits back to the hands of the people. Governments and other institutions will not be left unleveraged to use our money to form money for themselves and their constituents. The rates and costs charged by OKGlobal are going to be rock bottom available within the marketplace. Profits are going to be reinvested into the worth of our coin thereby increasing the intrinsic value of all coin holders year after year.
The Mission
OkGlobal is a platform that aims to solve various problems and make the crypto world better. OkGlobal provides various features that protect the participants, such as regulation, transparency, smart management, lower costs, easy payments, etc., which greatly facilitate the participants. And My Identity Coin is part of this great platform.
The Ecosystem
Creation of Coin which will have a flash transformation to the fiat of merchant’s decision or held in OKGlobal crypto coin account. Various coins are often utilized however with higher transformation fees. All OKGlobal people group members’ possessions should be in fiat or OKGlobal coin. OKGlobal Community administration focuses are going to be open for member administrations.
OKG Featured Coin
OKGLOBAL SECURITY COIN (OKGSG): Compliant securities coin only for accredited and qualified investors.Capped risk investment.
MY IDENTITY COIN (MYID): MYID Coin is open to everyone. MYID Coin is a utility coin for tagging identity to blockchain packets. Immediate liquidity on Uniswap Exchange.
SWITCH STABLE COIN: Stable coin 1:1 backed and redeemable at its international service centers or various exchanges.
Problem and Solution of OKGlobal Coin & Switch
The main issues are high merchant card processing fees and long account adjustment times.
- With the help of card payments, trillions of dollars are transferred annually from customer to provider, and fees typically range from 1 to 3% of the billed amount. Fees per transaction range from 0.05 to 0.25 cents. In many businesses, monthly profits are only a few percentage points, assuming they are making a profit. Consumers typically pay an additional fee and / or require a minimum purchase.
• Solution: OKGlobal does not charge per transaction and only charges 0.1%.
- Funds are not deposited into the provider’s account for days or days, in order to force these funds to be used for normal operating expenses.
• Solution: Money is available immediately using OKGlobal coin to the merchant account.
- Traders need to rent or buy card processing equipment and have a dedicated telephone line for the machine.
• Solution: OKGlobal has no minimum monthly fees, no equipment. Via the client’s free mobile application through the SWITCH platform, payments are processed instantly.
OKG Featured Coin
OKGLOBAL SECURITY COIN (OKGSG): Compliant securities coin only for accredited and qualified investors.Capped risk investment.
MY IDENTITY COIN (MYID): MYID Coin is open to everyone. MYID Coin is a utility coin for tagging identity to blockchain packets. Immediate liquidity on Uniswap Exchange.
SWITCH STABLE COIN: Stable coin 1:1 backed and redeemable at its international service centers or various exchanges.
⚫ So what is MYID Coin?
MYID Coin is a project under the “Currency Project” of OkGlobal Coin SWITCH and this project was created as the world’s first token / bundle technology with a unique owner identifier. The main purpose of the MYID cryptocurrency is to minimize and ultimately eliminate the risk of loss or theft. The total supply of MYID Coin is 100 billion Ethereum (ERC20). Currently, MYID Coin is the Ethereum ERC-20 blockchain based platform but @MYIDENTITY Coin will switch to its own unique block due to the functional limitation of the ethereum blockchain.
After switching to its own single blockchain, My Identity Coin will operate in an algorithmic network with OkGlobal Coin and can be used for many other blockchain assets.
Unlike all other cryptocurrencies, OKGlobal coin holds the increasing value of the lost money. In banks and financial institutions, they lend and invest with someone else’s money, then divide that profit with a select few but in blockchain technology and OKGlobal coin SWITCH, the profit will only be paid out. Back to the participating members holding OKGlobal coin as it is theirs the money is used to make a profit.
⚫ Each project has outstanding features and so does OkGlobal Coin:
STRATEGY
Faster, more convenient, and negligible fees are reinvested back into OkGlobal Coin. Minimum increases in fundamental value counteract the complete collapse of the company / coin. Will save money for the seller and the consumer and at the same time have a huge benefit of increasing intrinsic value.BASED ON BLOCKCHAIN
Blockchain ensures accountability and transparent verification to process currency exchanges and payments while eliminating fiat currency related issues.REAL-TIME UPDATES
Real-time updates of coin values available via phone app or online.SMART CONTRACT
Manage the proper distribution and handling of coin management verified through decentralized network.
⚫ Now we will learn about Coin structure.
The coin generation will quickly turn to the seller’s decision or be kept in the OKGlobal crypto account. Different currencies are commonly used however with higher conversion fees. All assets of OKGlobal group members must be in fiat money or OKGlobal. The OKGlobal Community governance focus will be open to member regulators.
Coin creation will be instantly converted to fiat selected by the seller or kept in an OKGlobal crypto account.
Exchanges are created to convert different currencies into fiat and vice versa. Different currencies can be used but with higher conversion fees.
All holdings of OKGlobal community participants must be in fiat or OKGlobal money. OKGlobal Community service centers will be made available to participant’s services.
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⚫ WHY YOU SHOULD CHOOSE OKGLOBAL COIN SWITCH?
OKGlobal Coin and SWITCH is the progress and additionally option to the customary cash the board establishments into the new worldwide economy pushing ahead with the released advantages of blockchain innovation;
Reduce or sometimes eradicate expenses and charges
Instant change to fiat cash accessible to forestall conceivable worth misfortune because of market instability
Instantaneous installment compromise
No more downgrading of cash
Holds characteristic expanding esteem upheld by speculations, benefits and valuations
Unencumbered basic use for buys around the world.
Participants have direct everyday authority over administration of assets and friends.
Funds and friends isn't overseen all in all by or in the interest of the customer.
Participants' commitments are kept isolated, and benefits/pay are not pooled yet dispensed to member contingent upon how member assigns utilization of assets. Assets can just sit as money/fiat in their record with no movement.
Another issue will be appropriate arrangement of the whole foundation of OKGlobal SWITCH and how assets are to be designated to get an ideal return.
Token Details
Token Ticker: MYID
MYID: ERC20
Contract Address: 0xbee571a0a8599ada125e1a33e56287c3c594a5e2
1 ETH = 500,000 Coins during ICO
Hard Cap: 50,000 ETH = 25 billion MYID coins
Total Volume: 100 billion (ERC20) MY IDENTITY Coins
40% is reserved for the team and participants of the The Money Project campaign and the remaining 60% will be offered for sale to the public.
Launch Date: 27th December 2020 9AM Singapore Time
ICO Duration: 60 days
⚫ Roadmap
4TH QUARTER 2020 — 4TH QUARTER 2021
Onboarding/public awareness execution
STEP 1 — FIRST LOCATION IN SINGAPORE
Soft Opening with Market Testing
SGD 5 million Cap at USD .004/ coin
2 million reserved for investors 3 million for public. (40/60 split)
STEP 2 — SECOND LOCATION IN SAN YSIDRO
Official Launch of Both USA and Singapore Centers
Mexico Border Location Exemption for limited offerings not exceeding $5 million — Rule 504 of Regulation D
Prepare new locations Korea/Japan/Indonesia/Germany/New York and others to follow
STEP 3 — OPEN KOREA/JAPAN/GERMANY/NEW YORK
USD .008/ coin offering on exchange with pre-screened members in 6 to 8 months after first location Singapore Launched.
All early adopters can double profit.
STEP 4
Open exchange for speculation and sell coins at all locations at speculation price.
4TH QUARTER 2021
Launch World’s First OKGlobal Financing Services.
Offer full line of traditional international banking services to our members by 4th quarter 2021.(Checking accounts, bill pay, debit cards, payments via phone app, etc.,)
1ST QUARTER 2022
OKGlobal Coin’s own unique blockchain with payment/money management services and lifestyle/social networking app released.
1
OkGlobal Coin SWITCH "My Identity Coin" - The Money Project
cryptoholical (25)in #okglobal • 15 days ago
PREAMBLE
Despite the insurgence of Coronavirus, crypto investment has flourished. With strict capital controls in place by most countries to control the flow of money and charge high taxes, cryptocurrency gained usage in circumventing capital controls and taxes, leading to an increase in demand. Cryptocurrency has been able to present an easy to use digital alternative to fiat currencies. Offering frictionless transactions and inflation control, investors have been prudent enough to add these currencies in their diversified portfolios as an asset, as the size of the market does not represent a systemic risk. Cryptocurrency employs the use of cryptography that assures high-security processes and verifies transactions personal to each user. Hence, counterfeiting and anonymous transactions are impossible to achieve.
"Cryptocurrency is a type of digital currency that uses cryptography for security and anti-counterfeiting measures. Public and private keys are often used to transfer cryptocurrency between individuals.
As a counter-culture movement that is often connected to cypherpunks, cryptocurrency is essentially a fiat currency. This means users must reach a consensus about cryptocurrency's value and use it as an exchange medium. However, because it is not tied to a particular country, its value is not controlled by a central bank. With bitcoin, the leading functioning example of cryptocurrency, value is determined by market supply and demand, meaning that it behaves much like precious metals, like silver and gold.
Cryptocurrency transactions are anonymous, untraceable and have created a niche for illegal transactions, like drug trafficking. Because the currency has no central repository, law enforcement and payment processors have no jurisdiction over bitcoin accounts. For cryptocurrency supporters, this anonymity is a primary strength of this technology, despite the potential for illegal abuse, as it enables a shift in power from institutions to individuals."
While this revolution is gaining wide acceptance, OkGlobal coin switch, the first and only compliant international blockchain project of its kind aimed at the complete disruption and takeover of banking, finance, exchange and payment processing via a living reactive decentralized autonomous organization, DAO has arrived.
But before we go any further, please check out this video presentation to get even more acquainted
Now that I have your attention, let’s get right to it.
What exactly is OkGlobal Coin SWITCH "My Identity Coin"?
As depicted above and as indicated on the official website of OkGlobal Coin SWITCH, OkGlobal coin switch is the first and only compliant international blockchain project of its kind aimed at the complete disruption and takeover of banking, finance, exchange and payment processing via a living reactive decentralized autonomous organization, DAO,
Furthermore, MYID Coin is a project is a part of “The Money Project” by the OkGlobal Coin SWITCH and this project is created as the world first tagging/ wrapping technology with unique owner identifying code. The main purpose of MYID coin coding is to reduce and ultimately eliminate threat of loss, theft.
OKGlobal will put profits back to the hands of the people. Governments and other institutions will not be left unleveraged to use our money to form money for themselves and their constituents. The rates and costs charged by OKGlobal are going to be rock bottom available within the marketplace. Profits are going to be reinvested into the worth of our coin thereby increasing the intrinsic value of all coin holders year after year.
The Mission
OkGlobal is a platform that aims to solve various problems and make the crypto world better. OkGlobal provides various features that protect the participants, such as regulation, transparency, smart management, lower costs, easy payments, etc., which greatly facilitate the participants. And My Identity Coin is part of this great platform.
The Ecosystem
Creation of Coin which will have a flash transformation to the fiat of merchant’s decision or held in OKGlobal crypto coin account. Various coins are often utilized however with higher transformation fees. All OKGlobal people group members’ possessions should be in fiat or OKGlobal coin. OKGlobal Community administration focuses are going to be open for member administrations.
OKG Featured Coin
OKGLOBAL SECURITY COIN (OKGSG): Compliant securities coin only for accredited and qualified investors.Capped risk investment.
MY IDENTITY COIN (MYID): MYID Coin is open to everyone. MYID Coin is a utility coin for tagging identity to blockchain packets. Immediate liquidity on Uniswap Exchange.
SWITCH STABLE COIN: Stable coin 1:1 backed and redeemable at its international service centers or various exchanges.
WHY YOU SHOULD CHOOSE OKGLOBAL COIN SWITCH?
OKGlobal Coin and SWITCH is the progress and additionally option to the customary cash the board establishments into the new worldwide economy pushing ahead with the released advantages of blockchain innovation;
Reduce or sometimes eradicate expenses and charges
Instant change to fiat cash accessible to forestall conceivable worth misfortune because of market instability
Instantaneous installment compromise
No more downgrading of cash
Holds characteristic expanding esteem upheld by speculations, benefits and valuations
Unencumbered basic use for buys around the world.
Participants have direct everyday authority over administration of assets and friends.
Funds and friends isn't overseen all in all by or in the interest of the customer.
Participants' commitments are kept isolated, and benefits/pay are not pooled yet dispensed to member contingent upon how member assigns utilization of assets. Assets can just sit as money/fiat in their record with no movement.
Another issue will be appropriate arrangement of the whole foundation of OKGlobal SWITCH and how assets are to be designated to get an ideal return.
About The OKGlobal Coin Token
MY IDENTITY COIN by “The Money Project” at OkGlobal Coin SWITCH.
The ICO LAUNCHING ON 27TH DECEMBER 2020, at 9AM SINGAPORE TIME.
Token Details
Token Ticker: MYID
MYID: ERC20
Contract Address: 0xbee571a0a8599ada125e1a33e56287c3c594a5e2
1 ETH = 500,000 Coins during ICO
Hard Cap: 50,000 ETH = 25 billion MYID coins
Total Volume: 100 billion (ERC20) MY IDENTITY Coins
40% is reserved for the team and participants of the The Money Project campaign and the remaining 60% will be offered for sale to the public.
Launch Date: 27th December 2020 9AM Singapore Time
ICO Duration: 60 days
RoadMap
4TH QUARTER 2020 — 4TH QUARTER 2021
Onboarding/public awareness execution
STEP 1 — FIRST LOCATION IN SINGAPORE
Soft Opening with Market Testing
SGD 5 million Cap at USD .004/ coin
2 million reserved for investors 3 million for public. (40/60 split)
STEP 2 — SECOND LOCATION IN SAN YSIDRO
Official Launch of Both USA and Singapore Centers
Mexico Border Location Exemption for limited offerings not exceeding $5 million — Rule 504 of Regulation D
Prepare new locations Korea/Japan/Indonesia/Germany/New York and others to follow
STEP 3 — OPEN KOREA/JAPAN/GERMANY/NEW YORK
USD .008/ coin offering on exchange with pre-screened members in 6 to 8 months after first location Singapore Launched.
All early adopters can double profit.
STEP 4
Open exchange for speculation and sell coins at all locations at speculation price.
4TH QUARTER 2021
Launch World’s First OKGlobal Financing Services.
Offer full line of traditional international banking services to our members by 4th quarter 2021.(Checking accounts, bill pay, debit cards, payments via phone app, etc.,)
1ST QUARTER 2022
OKGlobal Coin’s own unique blockchain with payment/money management services and lifestyle/social networking app released.
For more information, please visit:
Website: https://okglobalcoinsg.com/
ANN: https://bitcointalk.org/index.php?topic=5299156.0
Reddit: https://www.reddit.com/r/MyIdentityCoin/
Twitter: https://twitter.com/MyIdentityCoin
Facebook: https://www.facebook.com/My-Identity-Coin-105559404747595/
Telegram: https://t.me/myidentitycoin
Discord: https://discord.com/invite/78qsbwV
Join Bounty: https://bitcointalk.org/index.php?topic=5300339.0
#OkGlobal #MyIdentityCoin #blockchain #cryptocurrency #technology #bitcoin #money #crypto #ethereum #cryptocurrencies #fintech #ICO #innitialcoinoffering
⚫ AUTHOR
Bitcointalk username: Bimal2022
Bitcontalk link: https://bitcointalk.org/index.php?action=profile;u=2892610
ETH address: 0x70cc0D181aa54A0AE5050c51dFA2A2196A075600