MY IDENTITY COIN- BRINGING INNOVATION IN THE CRYPTOCURRENCY INDUSTRY
Money is referred to as anything that is generally acceptable for the payment or exchange of goods and services, example includes gold, silver, etc. It is very beneficial because of its intrinsic value and hedge against inflation, as well as hyperinflation. The use of money should be encouraged rather than fiat currency which is not a store of value. Fiat currency such as the U.S dollar, etc are issued by the government and they are not backed by physical commodities.
To restore the utilization of money and the benefits it offers the world must embrace and pay attention @MyIdentityCoin which is a powerful project that has come to revolutionize the cryptocurrency industry by making crypto-assets more secure and introducing to the world an instant cross payment and service platform that is capable of solving real-world problems that we encounter today.
MY IDENTITY COIN- IMPROVING CRYPTO-ASSETS SECURITY THROUGH TAGGING/WRAPPING TECHNOLOGY
Indeed blockchain technology has proven in all ramifications that it is a top-notch technology that is built to bring transformation to the global world. Its attractive features such as transparency, security, trustless, and decentralized, just to mention but a few have provided the world with a system of finance known as Defi which is more reliable and innovative than the current centralized system, and it has also transformed so many industries and sectors such as financial industry, gaming industry, educational sector, etc.
MY IDENTITY COIN is a blockchain-based project that is built basically to create the world's first tagging/and wrapping technology that will eliminate both risks from loss and that of theft. MY IDENTITY COIN together with the powerful OkGlobal Coin and Instant SWITCH Payment and Service platform make up a project popularly known as The Money Project. One of the reasons for creating MY IDENTITY COIN is for it to be used in tagging/wrapping coins or cryptocurrencies such as OkGlobal Coins, etc.
To improve the use of blockchain and for it to become stronger MY IDENTITY COIN which is a utility token will be used in the tagging/and for the identification of blockchain with a unique owner identifying code. This tagging of blockchain will not only put an end to the issue of unfair confiscation and the threat of loss or theft, but it will also ensure that owners' assets are highly protected so that they will not be stolen and assets counterfeiting will be reduced.
MY IDENTITY COIN- INTRODUCING OKGLOBAL COIN AND SWITCH TO THE WORLD
As a core component of The Money Project, OkGlobal Coin SWITCH aims at becoming the leading, and future of global payment and individual currency management. Being a cryptocoin that is tied to a community instantaneous payment and services platform, OkGlobal Coin has a distinctive characteristic or quality that is capable of raising the intrinsic value of a coin that is based upon reinvestment of profits that are derived from payment processing, as well as insurance financing, etc.
Using OkGlobal Coin for payment of goods and services is very ideal because unlike other digital currencies it serves as a hedge against losing all values, this is true because it holds an increasing raw forfeit cash value coupled with the fact that it is used in routine daily. Another thing that makes OkGlobal Coin more interesting is that it shares the profit generated with each along with enabling democratic autonomous participation into its operation.
SWITCH which is described as the underlying software/framework for payment transfer and verification is also very useful. It provides solutions to the issues of high fees, slow account reconciliation, value volatility as well as lack of intrinsic trading, and so on. It should interest crypto enthusiasts and traders to know that SWITCH offers a zero trading fee for users who are SWITCH account holders, while those who are non-account holders will also enjoy a fee rate that is below market rates.
IMPORTANCE/BENEFIT OF OKGLOBAL COIN SWITCH FOR MERCHANTS
OkGlobal Coin SWITCH offers lots of eye-catching benefits to merchants, they include:
- It provides an immediate conversion to fiat and the fund becomes available without delay. This means that funds become available immediately in the local fiat account of the merchant.
- It provides an instant transaction that will take place just within a few clicks, and with a minimal transaction fee which is very negligible when compared to the current market rate for card payment processing.
- It eliminates the need for buying card processing equipment by merchants, this is because it has no equipment and no monthly minimum fees. All payments are processed via the freephone application of the customer through the SWITCH platform.
- OkGlobal Coin has a guaranteed minimum collapse value which will continue to rise to offset the dropping purchasing power which may arise as a result of inflation when holding fiat currency. To crown it all it eradicates all merchant card processing challenges.
ABOUT THE COINS
MYID COINS as utility coins are currently ERC-20 tokens with a total supply of 100,000,000,000. It is expected that soon it will migrate to its unique blockchain because of the functionality limitation of the Ethereum blockchain. And the reason for creating MYID COIN on the Ethereum blockchain is to enable easy access to various funding and trading platforms.
OkGlobal coins which comprise of OKGUS & OKGSG are securities coins with an equal combined supply of 100,000,000,000 (50,000,000,000 OKGUS and 50,000,000,000 OKGSG) and they are currently tomochain TRC21 tokens. The essence of using the tomochain is because of its high transaction speed and low fees.
And just like MYID COIN, OkGlobal Coins are also expected to migrate to its unique blockchain because of the functionality limitations encountered with tomochain, and also to ensure that the project achieves its goal of becoming an independent democratic autonomous organization.
SWITCH Coins, known as SWCH are stable coins. It is a tomochain TRC-21 token with a supply of 100,000,000,000 SWCH. It is designed for both merchants and consumers who are interested in avoiding any volatility in price. It is vital to understand that each of the SWCH Coin is strongly backed by SWCH reserves to make the transferability of fiat currency possible.
CONCLUSION
The Money Project is focused on utilizing several secure and reliable services, including platforms and technologies to bring the global community back to using money instead of using fiat currency which will bring a lasting solution to the problems created by the government through fiat currency.
It is high time the world put an end to the reign of fiat currency which keeps losing value every year. Although OkGlobal Coin and Instant SWITCH payment and service platforms are different projects owned by different companies, they have come to join hands with MY IDENTITY COIN to accelerate the mass adoption of cryptocurrency, and to help merchants as well as investors to achieve their goals.
To know more about this great project visit the following links below.
#OkGlobal #MyIdentityCoin #blockchain #cryptocurrency #technology #bitcoin #money #crypto #ethereum #cryptocurrencies #fintech #ICO #innitialcoinoffering
WRITER’S INFORMATION
Writer: Mansonndubuisi
Bitcointalk Username: Mandez4real
Eth Wallet Address: 0x028F0A0130a4B546562ea10Dec8B42ACFD119e04
