OkGlobal Coin Switch ( My Identity Coin )

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The #MyIdentityCoin (MYID), a part of "The Money Project" of OkGlobal Coin SWITCH, is the first technology "tagging / wrapping" in the world aimed at eliminating the risk of loss or theft. An auxiliary currency used to add tags to cryptographic blocks with a unique holder identification code. For the sake of simplicity, this means that in the future your information will be tagged in the currencies you buy.

Ultimately, this exponentially reduces the chances of loss and theft throughout the global blockchain economy that could potentially save millions or even billions of dollars worldwide. The #MyIdentityCoin , MYID, offered through an initial supply of coins started on 27 December 2020.

Cryptocurrency the term is still very intimidating for most people. There is always blinking news about encryption scams and people facing big losses. The irony of this field is that scams happen and continue to happen like other scams around the world.

Therefore, it seems to be a complicated task to invest in encryption. MYID coins are 100% common coins. Therefore, there are no promises made to MYID Coins owners Investors in MYID Coins should understand that investing in common currencies is not guaranteed and that investors are at risk of losing all their investments. Bonds are inherently a high-risk investment and therefore all investors should weigh their risks when investing and do their own research before making any investment.

After migrating to its own unique blockchain, #MyIdentityCoin will operate in an algorithmic grid with OkGlobal Coin and can be used for many other blockchain elements. Unlike all other cryptocurrencies, the OKGlobal currency retains a growing prime value of the lost cash value. OKGlobal coin SWITCH, winnings will only be refunded to participating members who hold the OKGlobal coin because it was their money used to generate the winnings.

Problem and solution with OKGlobal coin & Switch

The main problem is the high merchant card processing fees and the long account reconciliation times.

  • With the help of card payment, trillions of dollars are transferred annually from customers to merchants and the charges are usually 1 to 3% of the amount charged. The charge per transaction ranges between 0.05 and 0.25 cents. In many companies the monthly profit is only a few percentage points, assuming they do not earn at all. Consumers are often charged extra charges and / or require minimal purchases. Solution: OKGlobal has no charge per transaction and only a 0.1% charge.

  • The money is not deposited in the merchants' accounts for several or more days, for which money is committed that could be used for regular operating expenses. Solution: The money is immediately available in the OKGlobal account for merchants.

  • Merchants must rent or purchase card processing equipment and have a telephone line dedicated to the machines. Solution: OKGlobal has no minimum monthly charge or equipment. Payments will be processed instantly through the customer's free phone app through the SWITCH platform.

Coin structure

Create currencies that will have a quick conversion to fiat of the trader's decision or will take place in the OKGlobal crypto coin account. Various currencies with higher conversion fees are often used. All members of the OKGlobal Group of People must be in fiat or OKGlobal currency. OKGlobal's community management focus will be open to member administrations.

Selected OKGlobal currency

  1. OKGLOBAL SECURITY COIN (OKGSG) :Compliant securities only for accredited and specialized investors.
  2. MY IDENTITY COIN (MYID) : The MYID currency is open to everyone. MYID Coin is a utility currency for adding ID tags to blockchain packages. Instant liquidity on the Uniswap Exchange.
  3. SWITCH STABLE COIN : Fixed currency 1: 1 supported and redeemable in international service centers or in various exchanges.

Benefits of OKGlobal Coin

  • Guaranteed minimum minimum incremental core value from reinvested return from payment / financing / services / investment platform if there is to be company / currency collapse.
  • Improve and facilitate the transfer of currencies and reduce transaction costs to a negligible amount that is beneficial to all participants.
  • Maintain or increase purchasing power each year with outperformance or absolute minimum, aware of expansion.

#MyIdentityCoin Token Details

  • TICKER : MYID
  • MYID ERC20 Contract Address : 0xbee571a0a8599ada125e1a33e56287c3c594a5e2
  • 1 ETH : 500,000 LAWS ACCORDING TO ICO
  • Hard Cap : 50,000 ETH = 25 billion MYID coins
  • Total volume : 100 billion (ERC20) My coins
  • Starting date : December 27, 2020 9 a.m. Singapore time
  • ICO duration : 60 days

Security & Utility Badges:

There are more and more people entering the Blockchain industry every day. While encryption is still in its infancy, this increases the number of questions asked about how Cryptocurrency can be used as an investment and how it would be beneficial for you to understand more about encryption.

There are mainly 2 types of badges that you will probably see in the market. Safety Badges & Utility Badges. You probably have a picture of how complicated this is, in this article we will decipher this topic in pieces.

What are utility coupons?

  • Auxiliary tokens are digital coupons issued to fund developments for future access to a company's products and services.

Similar to video game stores, they may accept orders for a video game that may be released months later. A start-up company can create utility brands for the service or product they are developing. From a different perspective, you can also think of it as a Crowdfunding platform (GoFundMe, Kickstarter & Indigogo - These are the top few) where the buyer of a utility token has paid the issuer of the token money NOW so the company can develop a product / services that the buyer of the badge can later redeem.

What are safety insignia?

Security badges are digital assets that represent the share of an outside business and can be traded. They are therefore subject to federal law governing these securities.

To give you an idea, let's draw an example. If a company wants to distribute shares to investors, these tokens can be designed to have all the same benefits - in particular, voting rights and dividends.

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