U.S. SEC Registration:
OKGLOBAL COIN LLCCIK#0001777807
SWITCH INSTANT PAYMENTS LLCCIK#0001777808
Singapore ACRA business file :OKGLOBAL COIN SWITCH PTE. LTD. (UEN 201916967R)BANKING-INVESTING-PAYMENT PROCESSING-
FINANCE-EXCHANGE-GUARANTEED
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WHY?
Security Coin powered by blockchain tech to take over trillion dollar payment processing, exchange and remittance, banking and finance industry.
Saves merchants 90% or more from payment processing fees and immediate account reconciliation
Gives consumers a currency that grows year to year.
OkGlobal Coins are protected and guaranteed from total loss and theft.
Profits are reinvested into coin ledger to make all OkGlobal Coins securities that are regulated, insured, audited and backed by real assets used for routine purchases by consumers.
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1-year roadmap for investors return expectations.
4TH QUARTER 2020 – 4TH QUARTER 2021Onboarding/public awareness execution
STEP 1
FIRST LOCATION IN SINGAPORE
SGD 5 million Cap at USD .004/ coin
2 million reserved for investors
3 million for public.(40/60 split)
STEP 2SECOND LOCATION IN
SAN YSIDRO
Mexico Border Location(Exemption for limited offerings not exceeding $5million – Rule 504 of
Regulation D)
Prepare new locationsKorea/Japan/Indonesia/
Germany/New Yorkand others to follow
STEP 3OPEN KOREA/ JAPAN/ GERMANY/ NEW YORK
USD .008/ coin offering on exchange with
pre-screened members in 6 to 8 months
after first location Singapore Launched.
All early adopters can double profit.
STEP 4
Open exchange for speculation and sells
coinsat all locations at speculation price.
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PROBLEMS
INFLATION
HIGH FEES (payment processing, currency exchange and remittance, premium financing, etc..)
SLOW ACCOUNT RECONCILIATION
LIMITED USE OF FIAT CURRENCY FROM COUNTRY TO COUNTRY
TRUST, LACK OF INTRINSIC VALUE
MONEY LAUNDERING
INABILITY FOR THE POOR TO PARTICIPATE IN WEALTH CREATION
TRANSPARENCY & ACCOUNTABILITY
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THEFT VIA ACCOUNT HACKING OR ROBBERY
INACTIVE USE OF FUNDS (LOST FUNDS OR ACCOUNTS FROM DECEASED)
TOTAL LOSS OF VALUE
THREATENING GOVERNMENT ABILITY TO DEFICIT SPEND
GLOBAL TRANSFERRABILITY
FAST, EASE OF USE IN DAILY PURCHASE OF SERVICES AND PRODUCTS
SLOW ADOPTION RATE OF BLOCKCHAIN TECHNOLOGY
PROBLEMS
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OkGlobal Coin SWITCH = SOLUTION
Blockchain simplifies payment processing
Reinvestment of profits back into coin ledger
Immediate account reconciliation and use of funds via phone app or card
Global use available Backed by real assets that are audited, insured, guaranteed and
available online for all coin holders to review.
Coins are traceable and recorded from and to each sender and recipient in real
time
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Every coin holder is an active beneficiary in the global
reinvestment of profits to increase value of each coin.
OkGlobal Coin SWITCH holdings, services, revenue, expenses, etc.., audited and fully
available online for all participants. Licensed, regulated and insured to meet and/or exceed
governing compliance guidelines.
All participants are verified and coins are coded with each owners
identification.
OkGlobal Coin SWITCH participation does not impede or reduce government ability to deficit spend but rather gives all citizens a
way to participate in the global finance market to offset reduction in value of fiat currency due to inflation/deficit spending.
Increasing minimum value in case of complete coin or company
collapse backed by verified, audited and insured holdings/investment
assets.
Inactive accounts (150 years) or deceased participants with no
beneficiary will have coins reinvested back into community
coin ledger.
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Instant account reconciliation for recipients and senders via a simple phone app, online
account tool, or OkGlobal Coin SWITCH service location.
Mass adoption from consumers & merchants is expected due to the reduction of fees, ease of use, free banking, personal service and marketing from OkGlobal Coin SWITCH participant service centers and no
contractual obligation along with an ever increasing minimum value of OkGlobal Coin. Beta testing merchant participants have already signed up and are eagerly waiting to begin with OkGlobal Coin SWITCH.
OkGlobal Coins can be sent to participants globally.
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Lowest market rates available and
free services for participants (save billions, hundreds
of billions, trillions)
Currency that grows
in value
Currency that has an increasing intrinsic
value
Instant payments and
records
EASIER, CHEAPER, FASTER,
TRANSPARENT, PRACTICAL, GROWING.
DEMOCRATIZED COMMUNITY PROFIT,
INVESTMENT AND PAYMENT VEHICLE AVAILABLE NOW.
MARKET ADVANTAGE
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EXAMPLE PROFIT STRUCTURE
PAYMENT PROCESSING:
$1billion processed per day X .1%(platform fee) = $1million/day in payment processing platform fees
$1million X 365 days = $365million total annual net positive (36.5% GROWTH)
$365 million = 50% ($182.5million) reinvested back into OKGlobal coin holdings to increase annual
intrinsic value. 25% ($91.25million) available for Payment processing platform and OKGlobal support for
company operations. Remaining 25% ($91.25million) distributed to participating payment processing platform support nodes
(TRILLIONS ARE PROCCESSED ANNUALLY VIA VISA, MASTERCARD & AMEX)
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EXAMPLE PROFIT STRUCTURE
1 YEAR TERM INSURANCE PREMIUM FINANCING:
$1billion financed at 5.5% for 1year = $55million return from finance earnings
Late fees are not included in calculation but should be considered to be a significant source of additional revenue.
Total conservative annual return(without late/management fees) = 5.5% or $55million which is reinvested in OKGlobal coin holdings, minus operation costs, to increase intrinsic coin value. Operation costs unknown and must be evaluated prior to setting finance interest charge.
Term 1 year
(U.S. insurance premium finance industry estimated to be between $30-$50billion annually based upon available online industry calculations. Calculation will vary dependent upon addition of personal lines to commercial lines financing.)
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EXAMPLE PROFIT STRUCTURE
CURRENCY EXCHANG/REMITTANCE
I do not see currency/service exchange offices as a significant
source of profit, if any, for OKGlobalcoin SWITCH. Rather, I regard them as
locations to service existing participants in OKGlobal Coin
community, along with adding new participants and serve as an
employee hub for platform and financing management.
My preliminary plan is to put these service locations within or near international airport
terminals. Travelers will have all necessary documents and will be motivated to
participate since we will offer at cost (no profit) currency exchange as an active
participant. These offices will be supported from the payment platform and insurance premium financing returns. We will charge
the lowest market exchange rates in the industry to non-participants and make
whatever revenue from exchange fees we can from the locations.
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COMPETITORS
Currently no competitors
I don’t know.
OkGlobal Coin SWITCH blockchain business model and reinvestment structure is globally unique and first.
Shared fair profit distribution for all participants is contrary to global business norms.
Why?
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SWITCH instant payment protocol coin holder’s account structure
Currency deposited and recorded in fiat or crypto in accounts accessible online or at brick & mortar branches. Payments made in choice of fiat or crypto by sender.
Phone app scans receiver’s QR code and asks for transmission amount. OkGlobal Coin SWITCH payment app then asks fiat or crypto payment and ticket number. Ticket number is number issued by merchant corresponding to each customer’s amount due. Payment app then asks for confirmation to send funds. Funds instantly sent to receiver and sender receives confirmation receipt to present to receiver. Receiver receives funds instantly and a confirmation via phone app or online access. Can print out receipt for both parties if necessary, noting senders QR Code, date, time, amount, and ticket number.
SWITCH payment protocol nodes connected to the blockchain network for hashing, payment processing, double spending prevention, ledger recording, security and tampering prevention. Nodes earn coins based upon value of service for each node. Value will be based upon processing volume tied to speed of transactions.
Payment process:
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SUPPLY AND TOKEN MIGRATION
OkGlobal Coins are currently an tomochain TRC21 coin with a total supply of
100,000,000,000. 50 billion (OkGlobal Coin LLC USA) 50 billion OkGlobal Coin Pte Ltd (Singapore)
60% will be allocated for investors/STO and the remaining 40% will be reserved for the development team and founder.
The tomochain blockchain was used to start the OkGlobal SWITCH token due to its rapid transaction/verification speed and nominal fees per transmission. OkGlobal Coins must migrate to its own unique blockchain due to tomochain limited functionality and our project mission of a truly independent democratized autonomous organization.
There are other plans that I have for OKGlobal coin SWITCH that I will not communicate in this project summary but will release as the project progresses.
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