MyIdentityCoin - Money Project ~ Review

This project is developing and it should be a great reason for investment.Personally, my opinion this project has a very great future. With such a strong team. With a realistic concept and an efficient team, the project will thrive in providing a comprehensive plan of action. To see the amazing growth, everyone should consider. I hope MyIdentityCoin is very good Project. I am sure this project later when launching will be a lot of its enthusiasts because this project has a solid team structure and trusted.

About MyIdentityCoin

My Identity Coin (MYID), a part of The Money Project by OkGlobal Coin SWITCH, is the world’s first ‘tagging/wrapping’ technology that aims to eliminate risks from loss or theft. A utility coin that's used for tagging cryptographic blocks with unique owner identifying code. For simplicity’s sake, it means that in the future your information will be tagged on the coins you purchase. this exponentially reduces the chances of any loss & theft across the global blockchain economy which could potentially save millions or even billions of dollars worldwide.

MYID coins are 100% utility coins. Therefore there are no promises made to owners of MYID Coins. Investors in MYID Coin should understand that investments made into utility coins are not guaranteed and investors face the risk of losing all their investment. Utility coins are inherently a high risk investment and therefore all investors should weigh their risks when investing and do their own research prior to making any investment.

OkGlobal Coin SWITCH

OKGlobal Coin SWITCH aims to be the future of global payment and individual currency
management. A cryptocoin tied to a community instantaneous payment and service platform with the unique trait of rising intrinsic coin value based upon reinvestment of profits from payment processing, insurance financing, currency exchange and other investment holdings/valuations into the coin ledger.

To navigate uncertain securities regulations and ensure full compliance, OKGlobal Coin, SWITCH and MY IDENTITY must be continuously adaptable to be structured any way necessary with changing technology and needs, separate cooperative entities with services offered to participating community members who agree to use SWITCH as a payment and services platform with OkGlobal Coins in lieu of traditional fiat currency.

Structure

• Creation of Coin that will have instant conversion to fiat of merchants choice or held in OKGlobal cryptocoin account.
• Exchange created to convert different coins to fiat and vice versa. Different coins can be used but with higher conversion fees.
• All OKGlobal community participants holdings must be in fiat or OKGlobal coin. OKGlobal Community service centers will be accessible for participant services.

Money Project

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. A living DAO that operates globally to replace faith based problematic fiat currency and bring back the use of real “money” which holds an intrinsic value backed by assets and investments, that will rise in value to beat inflation rates and be used globally without threat of loss, theft or unfair confiscation.

High Merchant Fees
Problems

• Trillions of dollars are transferred annually via card payments from customers to merchants and fees are typically 1 to 3% of the amount charged and include a per transaction fee of between .05-.25 cents. Many businesses monthly profit is only several percentage points, assuming they are profiting at all. Consumers are often charged surcharges and/or require minimum purchases.
• Funds are not deposited/reconciled into merchant accounts for several or more
  days, thereby tying up funds that could be used for regular operational expenses. For example, a restaurant that needs to pay payroll or buy more supplies to sell to customers must wait until the card processing company reconciles with the restaurant's bank account.
• Merchants are required to lease or buy card processing equipment and have a phone line dedicated for the machines. Often businesses will have half a dozen machines to accommodate each form of card payment.

OKGlobal Coin & SWITCH
Solutions

• OKGlobal has no per transaction fee and only 0.1% charge. 1/10th to 1/30th of current percentage rates with ZERO per transaction cost potentially saving U.S. consumers and businesses alone billions per year from fees.
• Funds are available instantaneously in OKGlobal coin or local fiat to merchants account.
• OKGlobal has no equipment, no monthly minimum fees. Payments will be instantly processed through a customer’s free phone app via SWITCH platform.

Benefits

OKGlobal Coin & SWITCH is the transition and/or addition to the traditional currency
management institutions into the new global economy moving forward with the unleashed benefits of blockchain technology.

• Reduce or in some cases erase costs and fees
• Instant conversion to fiat currency available to prevent possible value loss due to market volatility.
• Instantaneous payment reconciliation
• No more devaluation of currency
• Holds intrinsic increasing value backed by investments, profits and valuations
• Unencumbered simple use for purchases globally.
• Participants have direct day-to-day control over management of funds and company.
• Funds and company is not managed as a whole by or on behalf of the client.
• Participants’ contributions are kept separate, and profits/income are not pooled but allocated to participant depending on how participant allocates use of funds. Funds can simply sit as cash/fiat in their account with no activity.

Team

At last, I want to conclude that MyIdentityCoin has proper planning, roadmap and a definite achievable short term and long term goal to lead the project successfully adopting a mass network of people. I believe that this project definitely gonna have a great future as it focuses on solving the financial problem of people.

I really like the line concept of their device inside, true professional, friendly staff and most importantly the idea with a promising future. This is one of my locale's preferred project and I think it has incredible potential for the future. so set aside the effort to comprehend the extend and contribute it at this moment.
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For More Info Visit :
Website Link : https://okglobalcoinsg.com/
Twitter : https://twitter.com/MyIdentityCoin
Facebook : https://www.facebook.com/myidentitycoin
Telegram : https://t.me/myidentitycoin
Discord : https://discord.gg/JRMSdh6GFp
ANN post: https://bitcointalk.org/index.php?topic=5299156.0
Whitepaper: https://okglobalcoinswitch.s3-ap-southeast-1.amazonaws.com/whitepaper_28112020.pdf

Author
My Bitcointalk Username: Kalpesh2872
My Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2707027
Eth Address: 0xc1fB832B00920C8e8E1C7B7E69888B4Ef87fFC6c