MY IDENTITY COIN- ELIMINATING THEFT AND LOSS THROUGH TAGGING/WRAPPING TECHNOLOGY
One of the challenges investors and cryptocurrency enthusiasts face today in the crypto space is insecurity. The rapid growth of the cryptocurrency industry and the market has given rise to many crypto-assets. Some of these assets are counterfeits and lack security which makes them a risk to invest in. As a result of this, lots of people have lost their assets and money investing in these assets.
But with tagging/wrapping technology the risk from loss and theft can easily be eradicated. This technology is very useful. Apart from its efficacy and the cost savings it offers, it prevents crime as well as enabling counterfeit protection by encrypting unique IDs for assets and goods, thereby putting an end to fake asset sales. One Project that is designed to make this possible is MY IDENTITY COIN.
MY IDENTITY COIN- INTRODUCING THE MONEY PROJECT TO THE WORLD
MY IDENTITY (MYID) COIN is described as a reliable and powerful project that is built to bring the world’s first tagging/wrapping technology into the limelight. This technology is very innovative and enhances the security of crypto-assets. One of the primary aims of creating this tagging/wrapping technology by this project is to eliminate the risks that come from loss and theft.
One of the importance of this great project known as MY IDENTITY COIN is that it is used in the coding of the OkGlobal Coins. This makes it possible for each of the OKGlobal Coins to be coded with the owners identifying information to minimize loss as well as theft.
It is imperative to know that MY IDENTITY COIN is a utility coin. The purpose of this coin is to be utilized not just for tagging of blockchain but also for identifying each owner with a unique owner identification code. One of the advantages of tagging blockchains with this coin (MY IDENTITY COIN) coding is that it ultimately eradicates both the threat of loss, unfair confiscation, and theft.
WHAT IS THE MONEY PROJECT ALL ABOUT?
The Money Project is made up of MY IDENTITY COIN, The OKGlobal Coin, and the SWITCH Instant Payment & Services platform. The purpose of this is to bring blockchain solutions for common currencies, as well as investment risks and limitations. Through the use of various platforms, services, and technology, The Money Project is focused on bringing back the global community into using money instead of fiat currency
In a nutshell, The Money Project is simply the solution to the problems that are associated with fiat currencies. Apart from not being a store of value, fiat currencies are highly volatile, and the reason is that they have no intrinsic value. Unlike fiat currency, money is more secure and less risky because it is a store of value.
Gold which is a powerful example of money has been serving as a store of value for years, making it the umbrella at which investors run into when the unpredictability of the global financial markets is the order of the day.
This project "The Money Project" is specially designed to help people to make and save money, as well as to ensure that people will no longer lose their investments. One of the aims of the OkGlobal is to become a democratic autonomous organization that self governs via participation and also through the voting rights from its participants.
ABOUT THE OKGLOBAL COIN SWITCH
OkGlobal Coin SWITCH is a renowned cryptocoin that is tied to a community quick payment and service platform. It is built with a unique trait of rising intrinsic coin value based upon their reinvestment of profits from currency exchange, payment processing, etc. It is determined to be not only the future of global payment but also the individual currency management.
OkGlobal Coin is very attractive, this is true because it is a hedge against losing all value which makes it ideal for investors. Another interesting part of it is that it is innovative and offers lots of incentives and opportunities which the centralized system of finance like traditional banking has failed to address, by allowing every participant who holds OkGlobal Coin to benefit from the profits generated from their money.
On the other hand, the SWITCH Instant cross payment and service platform provide solutions to real-world problems such as high transaction fees, lack of intrinsic trading value, value volatility, and slow account reconciliation. It serves as the underlying framework and the software for payment transfer and also for verification.
IMPORTANCE OF THE OKGLOBAL COIN SWITCH
It is no longer news that OkGlobal Coin SWITCH is a change or shift from the traditional currency management institutions into the new global economy that unleashes the benefits of blockchain technology. OkGlobal Coin SWITCH is important because:
- It minimizes cost as well as eradicates high transaction fees.
- it makes the instant conversion of fiat currency possible which will ensure that loss of value as a result of market volatility is prevented.
- It offers fast and quick payment reconciliation.
- It puts an end to the devaluation of the currency.
- Another great importance of OkGlobal Coin SWITCH is that it holds intrinsic increasing value which is backed by profits, investment, and valuations.
- It offers unencumbered simple use for purchases globally.
- It enables participants to have day-to-day control over the management of funds and the company.
CONCLUSION
MY IDENTITY COIN is a utility token that is built on the robust Ethereum blockchain network. The Reason for running MYID COIN on this blockchain is to allow the general public to take part in the Initial Coin Offering (ICO) since the Ethereum blockchain ensures compatibility with trading platforms. But because of the functionality limits of this blockchain network, MY IDENTITY COIN in no distant time will be migrating to its unique blockchain.
This token ( MYID COIN) Is designed for a special purpose, which is for the tagging of cryptographic blocks with a distinctive or personal identifying code. And once it migrates to its extraordinary blockchain, MY IDENTITY COIN will start to operate in an algorithmic mesh with OkGlobal. Due to its ability, it may be used for other valuable blockchain-based assets in the future.
OkGlobal Coin is a viable and standard cryptocoin that is currently a TRC21 token that runs off of tomochain. Just like MYID COIN, it is also expected to operate on its unique blockchain before the launching of beta testing for the SWITCH Instant payment platform. Its community is built to operate within, with set out rules, and conditions created to help its participants.
Finally, although OkGlobal and SWITCH are part of The Money Project, they are not owned by the same cooperative company. But to completely navigate uncertain securities regulations and to ensure full compliance MY IDENTITY COIN, OkGlobal Coin, and SWITCH have to be adaptable continuously. This will not only enable people to use SWITCH as a payment and service platform, but it will also allow them to use OkGlobal Coin instead of fiat traditional currencies.
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WRITER’S INFORMATION
Writer: Mansonndububuisi
Bitcointalk Username: Mandez4real
Eth Address: 0x028F0A0130a4B546562ea10Dec8B42ACFD119e04
