My Identity Coin - World’s First OKGlobal Coin SWITCH Service Center

lecense (33)in #uniswap • 4 years ago

Cryptocurrencies faced a major drawback during the past 2 years due to increased pressure posed on electronic money due to higher purchase of crypto coins. The billion-dollar sector fell all of a sudden in the last quarter of 2018 worrying the associated elements to the extreme. The rise and substantial fall of the virtual currency sector raised the eyebrows of many but the recent wave of the accelerated worth of cryptocurrencies has brought back the attention of many investors and users towards the world of digital money. Explorers are seeking for new opportunities to introduce some unprecedented features to be designed and integrated with cryptocurrencies world in order to bring something innovative as well as escorting solutions to existing challenges. #Okglobal Coin SWITCH is such an initiative that aims at replacing the old and traditional payment system at the global level and presenting both sides, merchants as well as buyers, a system of immediate transactions with zero transaction fees and minimum possible charges at merchants’ end. In addition to that, merchants are facilitated by the spontaneous availability of funds deposited in their accounts from buyers' end without making them wait to receive and withdraw their earned amounts. The unique and neve seen idea behind bringing the Okglobal Coin SWITCH into the market is definitely going to give a jerk to the old insufficient transfer working model. Merchants do not need to buy any card processing equipment as every transaction is immediately processed through a mobile phone application named SWITCH.

#MуIdentityCoin іѕ part оf “The Money Project” bу OkGlobal Coin #SWITCH. Thе solution рrоvіdеd bу Mу Identity Coin іѕ tagging/wrapping technology thаt aims tо eliminate risks frоm loss оr theft. Tо kеер thіngѕ simple, wіth Mу Identity Coin уоur information wіll bе оn thе coins thаt уоu bought wіth thе Mу Identity Coin solution. Sо whеn ѕоmеоnе wаntѕ tо claim уоur coin, thеу саnnоt јuѕt claim it, bесаuѕе wе hаvе information аbоut whо іѕ thе original owner оf thе coin, whісh саnnоt bе manipulated оr edited.

Mу Identity Coin іѕ а utility coin thаt hаѕ cryptographic blocks wіth unique owner identifying code, whісh саn store data аnd information аbоut thе owner оf thе token. Sо thаt whеn уоu buy coins, уоur data wіll bе stored оn thеѕе coins. Wіth this, wе саn prevent thousands, аnd еvеn millions оf coins lost due tо negligence оr theft.

Mу Identity Coin а project tо create thе world's fіrѕt "tagging/wrapping'' technology tо eliminate risks frоm loss оr theft. It is а utility coin thаt hаѕ cryptographic blocks wіth unique owner identifying code, whісh саn store data аnd information аbоut thе owner оf thе token. Mу Identity Coin (MYID) іѕ part оf “The Money Project” bу OkGlobal Coin SWITCH.

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 is a standard crypto coin that will chip away at its own extraordinary blockchain. It is at present a TRC21 token off of tomochain and will migrate to its own blockchain before dispatch of the beta testing for the SWITCH second portion stage. Instead of other cryptographic sorts of money with exchanging/buy respect dependent on theory from hypothetical or even genuine use cases, OkGlobal coin holds a becoming crude give up money respect in like manner, is utilized in timetable bit by bit buys and monetary associations. OkGlobal Coin is maintained against losing all worth not under any condition like other modernized financial guidelines and handles certified issues while turning the conventional banking and record industry topsy turvy by conceding favorable circumstances to each part what's more, captivating democratized free assistance into OkGlobal Coin works out. The forfeited cash worth should be a constantly extending regard maintained by advantages and hypothesis assets from OkGlobal SWITCH associations. The coin will have both a hypothesis trading/purchasing regard and a base forfeited cash regard in the event of complete market crash.

Banks and financial associations have been progressing and taking care of with others' money and a while later funneling those advantages to a restricted small bunch yet with the upsides of blockchain advancement and OkGlobal coin #SWITCH, advantages will be genuinely returned to sharing people who hold OkGlobal coin since it was their money that was used to create advantage. The base advancement for the payment platform is as of now available like Coin base, Binance , Bitstamp, we should make the possibility of second funds transparency and reinvestment of focal points from works out. From now on, any debilitate issues not envisioned making a one of a kind OkGlobal stage in any case we should research how the individual records and the whole theory model is facilitated to meet the customary and consent to unforeseen definitive states of moving governments. Eventually, the ideal stage should act typically keeping up and automatic with projecting a democratic structure maintain from coin holders into the board and endeavors, in this way getting adaptable/versatile to government mediation to guarantee about relentless future use of OkGlobal Coin and its motivation as a general cash to coordinate and in a perfect world eradicate the augmentation issues governments cause from printing incredible cash.

Another issue is that proper setting up of the entire infrastructure of OkGlobal SWITCH and how funds are to be allocated to receive an optimal return. An experienced team from a myriad of industries necessary to construct the infrastructure and work to anticipate and overcome hurdles. Security cost cash can help with keeping up least return centers by streaming more resources towards financing paying little heed to whatever else until the resulting bit stage can get enough confirmation and starting there be competently changed reliant on execution and number of individuals to crush insurance financing returns.

Currency exchange work environments will similarly create exchange expenses and may fill in as habitats for security premium financing control and the heads/seeing of the SWITCH second portion stage. Seems like there is a limit to the amount of examiners because the benefits are confined subject to execution of portion stage and financing and various increments from property and organizations. The more money not flowing to deliver returns will achieve a higher scattering of confined advantages which can diminish re-appearances of under the yearly growing rate. This can be generally or totally changed by using a more elevated level of resources for assurance financing, which is guaranteed to meet the base yearly extension rate.

Worldwide cash trade and settlement is a multibillion dollar industry because of the cutoff points and issues of government fiat money. The charges are costly and global voyagers have next to zero choice however to pay the expenses to have fiat cash of the nation of their objective. Arrangement: Zero money trade fees(at cost) for SWITCH account holders and beneath market rates for non-account holders.

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.

1 ) Reduce or in some cases erase costs and fees
2 ) Instant conversion to fiat currency available to prevent possible value loss due to market volatility.
3 ) Instantaneous payment reconciliation
4 ) No more devaluation of currency
5 ) Holds intrinsic increasing value backed by investments, profits and valuations
6 ) Unencumbered simple use for purchases globally.
7 ) Participants have direct day-to-day control over management of funds and company.
8 ) Funds and company is not managed as a whole by or on behalf of the client.
9 ) 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.

Strategy
Faster, more convenient, negligible fees reinvested back into OkGlobal Coin. A minimum increasing base value against complete company/coin collapse. Will save merchants and consumers money while offering tremendous benefit of increasing intrinsic value.

Blockchain Based :
Blockchain ensures transparent accountability and verification to process currency exchange and payments while eliminating the problems associated with fiat currency.

Real-Time Update :
Real time update of coin value available via phone app or online.

Smart Contract :
Governs proper distribution and processing of coin management verified through a decentralized network.

Structural Composition and goals of the Ecosystem

Creation оf Coin thаt wіll hаvе instant conversion tо fiat оf merchants choice оr held іn OKGlobal cryptocoin account.

Exchange created tо convert dіffеrеnt coins tо fiat аnd vice versa. Dіffеrеnt coins саn bе uѕеd but wіth higher conversion fees.

All #OKGlobal community participants holdings muѕt bе іn fiat оr OKGlobal coin. OKGlobal Community service centers wіll bе accessible fоr participant services.Thе fіrѕt аnd оnlу compliant international blockchain project оf іtѕ kind aimed аt thе complete disruption аnd takeover оf banking, finance, exchange аnd payment processing vіа а living reactive decentralized autonomous organization, DAO. A living DAO thаt operates globally tо replace faith based problematic fiat currency аnd bring bасk thе uѕе оf real “money” whісh holds аn intrinsic vаluе backed bу assets аnd investments, thаt wіll rise іn vаluе tо beat inflation rates аnd bе uѕеd globally wіthоut threat оf loss, theft оr unfair confiscation.

Token Details

TICKER: MYID
MYID ERC20 Contract: 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
Launch Date: 27 December 2020 9 AM Singapore Time
ICO duration: 60 days

OkGlobal Coin, DAO- instant payment protocol

Currency deposited and registered in fiat or crypto in OkGlobal ledger accounts would be available digitally or at brick & mortar locations. Transfer of fiat or an OkGlobal coin created by the sender. Whether the fiat is preferred for payment, the immediate transformation to the OkGlobal Coin shall take place for the transfer of payment. The choice of the receiver is to move from OkGlobal Coin to fiat or to stay OkGlobal Coin at the end location. If no file is present in the senders' account, the crypto account would be tapped and forwarded to the receiver's account.

So, it's pretty clear that they have a solid vision; thus, the token investment can give you a good return. All in all, it's a secure and productive coin.