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About OKGlobal Coin
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.
Instant Conversion
Creation of Coin that will have instant conversion to fiat of merchants choice or held in OKGlobal cryptocoin account
Easy Exchange
Exchange created to convert different coins to fiat and vice versa. Different coins can be used but with higher conversion fees.
Fast Support
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.
Our OkGlobal Coin Features
COMPLIANCE
Registered, licensed and insured with proper regulatory authorities to ensure proper management and operations oversight to protect our participants.
TRANSPARENCY
Accounting fully transparent and available online audited regularly by 3rd party administrators to assess value and stability of investments, holdings, services, cashflow, operational costs, etc.
SMART MANAGEMENT
Leading industry specialists and firms working towards goal of offering services while ensuring conservative consistent growth. The top global talent under one umbrella of OKGlobal Coin.
CONVENIENCE
Faster account reconciliation for merchants and lowest cost services for all participants. Payments made easily via a phone app or card.
Payment
Service
ReinvestmentProblem
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.
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.
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.
Roadmap For My Identity Coin Investors
'The Money Project' By OkGlobal Coin Switch-MYID'
4th Quarter 2020 - 4th Quarter 2021
Onboarding/public awareness execution
STEP 1
FIRST LOCATION IN SINGAPORE
Soft Opening with Market Testing
FIRST LOCATION IN SINGAPORE Soft Opening with Market Testing of payment
platform, exchanges and business/service model.
MY IDENTITY Coin ICO/IEOs ends on February 25, 2021.
February 10th - Launch of GUERILLA GLOBAL
MARKETING CAMPAIGN for MYID Coin opening
listing day launch on top exchanges.
STEP 2
MY IDENTITY COIN LISTING ON EXCHANGES
OFFICIAL LAUNCH OF SINGAPORE SERVICE CENTER!!
MYIDENTITY COIN opening listing day April 27, 2021.
Prepare new locations Korea / Japan / SAN YSIDRO (California, USA. Mexico-USA border)
STEP 3
OPEN KOREA / JAPAN / GERMANY/ NEW YORK
OPEN KOREA / JAPAN / GERMANY / NEW YORK
Opening of Germany / Indonesia in Q3 2023.
Prepare new locations Korea / Japan / SAN YSIDRO (California, USA. Mexico-USA border)
1st
QUARTER 2023
THE MONEY PROJECT's own unique blockchain with payment/money management services and lifestyle/social networking app released.
4th
QUARTER 2023
First OKGlobal SWITCH-MYID Banking & financial services.
Offer full line of traditional international banking services to our members by 3rd quarter 2022.(Checking accounts, bill pay, debit cards, payments via phone app, etc.)
Han S. Kim
FOUNDER
DOB July 1976, married with children. Formal education in Oregon majoring in pre-medicine and political science. Business ownership experience in insurance, food & beverage, finance, international trading, sales and marketing. Travels extensively 4 to 7 months a year internationally. Lives primarily in USA, Singapore and South Korea. Proficient communication in English, Korean and German. Rudimentary French, Russian and Indonesian. Currently operating doctors’ malpractice insurance brokerage originally established 1999 in Portland, Oregon USA
Senior Team & Legal Counsel
Shultz Wang
Project Oversight Manager
Technologist and entrepreneur who has over two decades of experience and expertise in engineering, marketing, and product planning. He has co-founded web startups in social travel, medical, and entertainment fields. In Samsung Electronics, he successfully managed projects which delivered main processing components used inside Samsung Galaxy S4 through S7 smartphones, with hundreds of millions of devices sold worldwide, and has also brokered significant collaboration agreements with ecosystem partners such as Google, and major Chinese vendors such as Oppo and Vivo. He graduated from California Institute of Technology with a BS in Electrical Engineering, and from University of Southern California with an MS in Computer Science.
Niranjan Singh
Technical Advisor
Tech entrepreneur having experience of over a decade launching major tech platforms, Niranjan has been specializing in the blockchain field for the past few years. He completed higher studies from Penn State University and has won a major hackathon at PSU, he has since grown his Blockchain consulting firm in Silicon Valley having a team of talented developers and designers driving the next revolution in Blockchain.
Yves Bong
General Operations and Media Manager, Singapore
With more than 6 years of experience in IT industry. Led 5 IT projects in full SDLC cycle and managing in house and outsourced developers. With backgrounds in Finance and Cryptocurrencies, passionate in bringing Technology to users with good UI/UX for website and mobile application. Strive to create a better overall relationship and lasting brand image by creating a better user experience that drives customer loyalty.
Brandon Tee
Singapore Legal Advisor
Head of Corporate Law Practice at WMH Law Corporation. Mr. Tee has been involved in some of the largest initial public offerings in Singapore. The founder and director of B7 Capital, a sector agnostic venture capital firm which invests in early stage startups. Mr. Tee is also involved in business development for his family business, YCH Group. Founded in 1955, YCH Group is Singapore’s largest home-grown end-to-end supply chain management and solutions provider with operations across 16 countries and special administrative regions including China, and is a leading regional supply chain management partner to many of the world’s leading brands across Asia Pacific. YCH’s corporate venture arm, Supply Chain Angels, was founded in 2016 to invest in startups that are synergistic and complementary to YCH’s supply chain and logistics business as well as startups in the deep tech space.