“My Identity Coin” project Technology To Eliminate Risks From Loss

6 min readJan 1, 2021

The cryptocurrency was created to be a payment system that is faster, decentralized, safer, anonymous, and more efficient. Since it was first launched in 2009, the mass adoption of cryptocurrency has continued to increase every year, even experts say that cryptocurrency will become the payment system of the future which will replace fiat currency.

Especially during the Covid-19 pandemic like now, people have started using cryptocurrency to buy their various needs, because they don’t need to touch physical money. People are even starting to invest directly in cryptocurrency and trying to profit from the cryptocurrency market. Therefore mass adoption of cryptocurrency is inevitable.

Talking about cryptocurrency, there is one platform that we will discuss this time, namely #MyIdentityCoin — a project to create the world’s first “tagging/wrapping’’ technology to eliminate risks from loss or theft.

#MyIdentityCoin is part of the “Money Project” by OkGlobal Coin SWITCH. The solution provided by My Identity Coin is a tagging / wrapping technology that aims to eliminate the risk of loss or theft. To make things easier, with My Identity Coins, your information will be on the coins that you buy with the My Identity Coin solution. So when someone wants to claim your coin, they can’t just claim it, because we have information about who the real owner of the coin is, which cannot be manipulated or edited.

My Identity Coin is a cryptographic block utility coin with a unique owner identifier code, which can store data and information about the token owner. So that when you buy coins, your data will be stored on those coins. With this, we can prevent thousands, even millions of coins lost due to negligence or theft.

MYID Coin is 100% utility coin. Therefore, no appointments are made to MYID Coin holders. Investors in MYID Coin should understand that investments made into utility coins are not guaranteed and investors run the risk of losing all their investments. Utility coins are inherently a high-risk investment and therefore all investors should consider their risks when investing and do their own research before making any investment.

Each coin has a different important operating role both as a means of investment (OkGlobal Securities Coin), a utility for functional use other than for investment purposes (MY IDENTITY Utilities Coin) and finally as a stable hedge against price volatility and supported by a safe value guarantee (SWITCH) Stable Coin).

Coin Creation which will have a flash transformation to fiat decision of the vendor or be held on an OKGlobal crypto coin exchange account is made to vary various coins to fiat and therefore vice versa. Various coins are often used but with a higher transformation cost. All property belonging to the OKGlobal community group members must be in fiat or OKGlobal coins. The administrative focus of the OKGlobal Community will be open to member administration.

The Mission

#OkGlobal is a platform that aims to solve various problems and make the crypto world better. OkGlobal provides various features that protect the participants, such as regulation, transparency, smart management, lower costs, easy payments, etc., which greatly facilitate the participants. And My Identity Coin is part of this great platform.

The Ecosystem

Creation of Coin which will have a flash transformation to the fiat of merchant’s decision or held in OKGlobal crypto coin account. Various coins are often utilized however with higher transformation fees. All OKGlobal people group members’ possessions should be in fiat or OKGlobal coin. OKGlobal Community administration focuses are going to be open for member administrations.

OKG Featured Coin

OKGLOBAL SECURITY COIN (OKGSG): Compliant securities coin only for accredited and qualified investors.Capped risk investment.
MY IDENTITY COIN (MYID): MYID Coin is open to everyone. MYID Coin is a utility coin for tagging identity to blockchain packets. Immediate liquidity on Uniswap Exchange.
SWITCH STABLE COIN: Stable coin 1:1 backed and redeemable at its international service centers or various exchanges.

OkGlobal Coin SWITCH

As previously explained, My Identity Coin is part of “The Money Project” by OkGlobal Coin SWITCH which is a first and only compliant international blockchain project aimed at disrupting and takeover over banking, finance, exchange, and payment processing via a decentralized autonomous organization.

INITIAL COIN OFFERING (ICO)

MY IDENTITY Coins ( MYID) are being offered through an initial coin offering (ICO) dispatching on December 27th, 2020. The ICO will come to an end on 25th of February 2021 when the hard cap of 50,000 Ethereum is reached.
The current stockpile is 100 billion Coins. 40% is saved for the group and mission members of “The Money Project”. The excess 60% will be offered available to be purchased to people in general. Continues from the ICO and future deals will be utilized to make and make sure about/keep up the innovation and stage for MYID Coin.

Token Sale

The STO starts twentieth of September 2019.100% reward during Phase 1 Securities Token Offering.1 OkgSg token = 0.004 pennies during Phase 1 STO with a 1:1 bonus.Only USDC Coin acknowledged for the deal. No bitcoin or ethereum. Just USD coin since it’s steady and every coin is sponsored by US Dollar.
All members should pass KYC/AML screening and utilize just their MetaMask or MyEtherWallet(MEW) Ethereum address. Stage 2 STO offers booked for the primary Quarter of 2020. No extra tokens during that point and therefore the cost are going to be 0.004–0.008 pennies per coin at that point .US residents aren’t allowed to partake in www.okglobalcoin.com however they will submit and take an interest in www.okglobalcoinsg.com. Singapore residents aren’t allowed to require an interest in www.okglobalcoinsg.com however they will submit and partake in www.okglobalcoin.com All different residents can participate in both of the contributions. they’re the equivalent.
Improve and facilitate money move and lessen exchange expenses to an immaterial sum that’s gainful to all or any participants.3: Retain or increment buying influence a seemingly endless amount of your time after year by outperforming or at absolutely the minimum staying conscious of the expansion.

TICKER : MYID
MYID ERC20 Contract Address: 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 : 27th December 2020 9 AM Singapore Time
ICO Duration : 60 days

Here Some Problem solution by OKGlobal coin:

OKGlobal has no per transaction fee and only 0.1% charge.
Funds are available instantly in OKGlobal coin to merchants account.
OKGlobal has no monthly minimum fee, no equipment. Through the customer’s free phone app via SWITCH platform, the payments will be instantly processed.

Benefits of OKGlobal Coin:

Guaranteed the least minimum increasing base value from reinvested get back from payment/finance/ service/investment platform if there should be a company/coin collapse.
Improve and facilitated currency transfer and reduce transaction costs to a negligible sum which is beneficial for all the participants.
Retain or increase purchasing power year after year by outperforming or at absolutely the minimum staying conscious of the expansion. @MyIdentityCoin

For more information :

Website: https://okglobalcoinsg.com/
Telegram: https://t.me/myidentitycoin
Twitter: https://twitter.com/MyIdentityCoin
Discord: https://discord.com/invite/78qsbwV
Reddit: https://www.reddit.com/r/MyIdentityCoin/
Medium: https://medium.com/@myidentitycoin
ANN: https://bitcointalk.org/index.php?topic=5299156.0
Facebook: https://www.facebook.com/My-Identity-Coin-105559404747595/

Author : jayahumara
ETH : 0x5fEA1F498E783CeB5be8dA8e6BB7BB06d447d905

Indonesia Version : https://steemit.com/myidentitycoin/@signupbounty/my-identity-coin-proyek-teknologi-untuk-menghilangkan-risiko-dari-kerugian