OKGlobal Coin Overview
OKGlobal will put profits back into the hands of the people. Governments and other institutions will no longer be left unleveraged to use our money to make money for themselves and their constituents. The rates and fees charged by OKGlobal will be the lowest available in the marketplace. Profits will be reinvested into the value of our coin thereby increasing the intrinsic value of all coin holders year after year.
BENEFITS OF USING OUR SOLUTION
Minimum Increasing Base Value From Reinvested Returns From Service/Payment/Finance/Investment Platform In Case Of Company/Coin Collapse.
Improve And Expedite Currency Transfer And Reduce Transaction Costs To A Negligible Amount That Is Beneficial To All Participants.
Retain Or Increase Purchasing Power Year After Year By Outpacing Or At The Bare Minimum Keeping Up With Inflation.
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.
The 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.
SERVICE DETAILS
PAYMENT
PROBLEM: High merchant card processing fees & long account reconciliation times . 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.
SOLUTION: 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.
SERVICE
PROBLEM: High financing rates. Insurance Premium Financing for insurance policies is one of the safest forms of investment available. Insurance companies often require policies to be paid in full. Many people choose to finance the premiums over the course of a year with installments paid back to a financing company that pays the insurance company the total premium upfront. Insurance policies are simply cancelled and funds returned prorated back to the financing company in the event the insured does not pay the loan. Down payments are typically 25-30% and the financing company loans the balance to the insured. The loan amount is sent directly to the insured’s insurance carrier.
SOLUTION: OKGlobal profits by offering the lowest financing rate in the country and collecting late fees.
PROBLEM: High currency exchange fees. Global currency exchange and remittance is a multibillion dollar industry as a result of the limits and problems of government fiat currency. The fees are expensive and international travelers have little to no option but to pay the fees in order to have fiat currency of the country of their destination.
SOLUTION: Zero currency exchange fees for SWITCH account holders and below market rates for non- account holders. Foreign cryptocurrencies (any crypto other than OKGlobal Coin) will be charged competitive rates.
Reinvestment
Unlike other cryptocurrency with trading/purchase value based upon speculation from theoretical or even real use cases, OKGlobal coin holds an increasing raw *forfeit cash value and is used in routine daily purchases and financial services. OKGlobal Coin is hedged against losing all value unlike other cryptocurrencies and solves real world problems while turning the traditional banking and finance industry upside down by sharing profits with each participant and enabling democratized participation into OKGlobal Coin operations.
Forfeit cash value is the base guaranteed value of the coin in case of complete selloff of coin in speculation/trading market. The forfeit cash value should be a constantly increasing value backed by profits and investment holdings from OKGlobal SWITCH companies. Coin will have both a speculation trading/purchasing value and a base forfeit cash value in the event of complete market crash.(TETHER, USDT similarity)
Banks and financial institutions have been loaning and investing with other people’s money and then funneling those profits to a select few but with the benefits of blockchain technology and OKGlobal coin SWITCH, profits will be justly returned to participating members who hold OKGlobal coin because it was their money that was used to generate profit. It turns each coin into a global investment and trading tool.
OKGlobal Coin SG (OKGSG)
Current Sale Price : 1 OKGSG = USD 0.004
Current Minimum Return Value : 1 OKGSG = USD 0.0014
With a locked-in value of 35% in case of company/coin collapse for all early owners/investors.
Token Distribution
OKGlobal Coins are currently a tomochain TRC21 token with a total supply of 100,000,000,000. 50 billion (OkGlobal Coin LLC USA) 50 billion OkGlobal Coin Pte Ltd (Singapore). 60% tokens will be allocated for investors/funding and the remaining 40% will be reserved for the development team and founder. The tomochain block was used due to its rapid transaction speed and nominal fees per transmission/verification. OkGlobal Coins must migrate to its own unique blockchain due to the limited functionality of tomochain and to meet our project mission of an independent democratized autonomous organization. OkGlobal Coin and SWITCH are separate cooperative entities. SWITCH acts as the decentralized utility to verify and process payments for an open public platform for cryptopayments.
UNIQUE FEATURES
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.
CONCLUSIVELY, We are focused on building a solid and dynamic network of blockchain lovers, engineers, and above all, individuals that share a typical ethos with the task. At last, the ideal stage should act naturally continuing and self-administering with casting a ballot investment from coin holders into the executives and activities, along these lines getting strong/versatile to government mediation to make sure about continuous future utilization of OKGlobal Coin and its motivation as a worldwide cash to relieve and preferably eradicate the swelling issues governments cause from printing over the top cash.
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.
TEAM
#OkGlobal #MyIdentityCoin #blockchain #cryptocurrency #technology #bitcoin #money #crypto #ethereum #cryptocurrencies #fintech #ICO #innitialcoinoffering
FOR MORE INFORMATION PLEASE VISIT THE LINKS I HAVE PROVIDED BELOW;
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
Author: SheyCrypto
BitcoinTalk profile link: https://bitcointalk.org/index.php?action=profile;u=2212407
ETH ADDRESS: 0x58e6cFA372745F56dCD9220655f93B996f8a102a
Telegram Username: @sheyeva