As previously announced the forward split was essential in order to increase the accessibility of the network and liquidity of the Pecu Novus Coins to the general public. The utility of the network has been geared towards business to business transactions but a demand for individual peer to peer transactions and accessibility by the general public has increased dramatically over the past year. This has prompted an action to take place that would accommodate both enterprise and individual use without disrupting the current coin holders.
To avoid dilution to current coin holders it was further announced that post coin split ninety percent (90%) of all coins were pulled out of circulation and retired, this leaves the circulating supply at 10 million coins and the maximum supply at 100 million coins. The coins retired are associated with the investment supply that has been dormant and had no negative impact on coin holders.
The only essential change that Pecu coin holders experienced were an increase in their coin holdings and reduced pricing of PECU reflecting the forward split.
Discussions are currently taking place in regards to the Pecu Novus Coins being accessible on various platforms for conversion into other coins as well as pricing and activity being listed on select coin exchanges globally to allow for ease of access to acquiring PECU Coins.
Pecu Novus Coins pricing and volume activity is currently listed within the Megahoot Vault Crypto Index that can be found at www.megahootvault.com .The Megahoot Vault Crypto Index shows activity for Bitcoin, Bitcoin Cash, Ether, XRP, Litecoin, Dash, NEO and many others, more detailed information will be included to make the Vault a destination for cryptocurrency coin holders and allow them to follow the progression of the projects.
The peer to peer cryptocurrency exchange part of the Megahoot Vault does so much more than just allow altcoin holders to exchange one coin for another. It will allow for altcoin holders to place their coins in their own dedicated digital safety deposit box for safekeeping and hold highly sensitive executed digital documents such as real estate agreements and other transactional documents.
Some of the benefits of utilizing the Megahoot Vault on a Peer to Peer basis is the cost savings, most transactions offer little to no coin to coin transactional cost, the Megahoot Vault does not collect a fee for transactions. Additional benefits include the Megahoot Safety Deposit Box which will hold various cryptocurrency assets, hold highly sensitive digital documents and assets, the Escrow System which allows for coins to be placed in escrow on a timed basis for business transactions and the internal transactional messaging system.
The Escrow System will currently only allow Pecu Novus coins to be utilized for transactions requiring the use of an escrow account. These transactions will automatically register on the Pecu Novus blockchain along with any references to secure executed digital documents held within the vault account holders Megahoot Safety Deposit Box. The Escrow System will expand over time to allow other altcoins to benefit from the highly secure Escrow System.
The Escrow System utilizing Pecu Novus coins has been effectively used for transactions in industries such as manufacturing, import/export, real estate, automotive, fashion, consumer goods and gaming.
About the Megahoot Vault
The Megahoot Vault has been developed with additional security features and the ability to securely hold and exchange Pecu Novus and Megahoot coins initially but will onboard a number of other digital assets soon. The vault will have the ability to hold digital documents such as real estate or other transactional agreements securely for transaction utilizing Pecu Novus or Megahoot coins. There are many other features that are in development that will be released in 2018.
About Pecu Novus
Pecu Novus is a blockchain technology powered digital asset network that enables parties on the network to conduct instant, zero cost coin based transactions globally. The network provides businesses with the ability to place Pecu Novus coins in escrow for most any type of transaction, such as import/export, real estate, consumer products, manufacturing and much more. Since March 16, 2018 the network has been managed by Megahoot, LLC, who overseas all maintenance and future development of the network.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities or coins, nor shall there be any sale of securities or coins in any state in which such offer, solicitation or sale would be unlawful, and qualification under the securities laws of any such state.
This press release contains forward-looking statements. The use of any of the words “anticipate”, “believe”, “expect”, “plan”, “intend”, “can”, “will”, “should”, and similar expressions are intended to identify forward-looking statements. The forward-looking statements contained herein are based on certain key expectations and assumptions made by the Company, including but not limited to expectations and assumptions concerning the receipt of required regulatory approval. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. The forward-looking statements contained in this press release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.