Megahoot Announces the Megahoot Vault Phase One Completion, a Global Platform for Digital Assets
Megahoot, LLC, a technology and cybersecurity company, announced today that it has completed the first phase of the Megahoot Vault “The Vault”, a platform that will be a part of a true ecosystem for securing, utilizing and creating additional value for digital assets globally.
The Megahoot ecosystem will consist of a highly secure escrow system that will allow businesses globally to conduct transactions safely, securely, transparently via blockchain technology and cost effectively. The Vault has a feature which allows coin holders to place part or whole of their coin holdings in a highly secure digital safety deposit box.
In addition global businesses will be able to utilize the escrow system in lieu of letters of credit to conduct transactions, this will reduce the transactional cost by a wide margin for import/export, manufacturing, commercial real estate and many other companies. The escrow system was designed to become an asset for both local and global businesses of all sizes.
The Megahoot Vault is a part of an ecosystem that is efficient, scalable and flexible in order to easily onboard various digital assets, businesses, institutions, individuals and digital merchants. The Megahoot ecosystem will also onboard directly developed and indirectly developed ecommerce, gaming, entertainment and other platforms that promote the usage of the digital assets within the Megahoot Vault.
The Vault will give real estate firms globally the ability to digitally execute documents and final agreements that would be a permanent transaction within the Pecu Novus blockchain. This breeds transparency, clarity and irrefutable evidence of each and every transaction. The buyers and sellers will also have the ability to use the Vault to place digital assets in escrow for a transaction, which would reduce fees incurred and the need to segregate funds for a predetermined amount of time.
The escrow system allows for coins to be locked for a specified amount of time, from 1 day to 10 years, depending on the need of the two parties.
Megahoot will be collaborating with various developers of digital assets and platform that use digital assets to conduct transactions in order to unlock the full potential of digital assets on a global scale.
“There is no question that Blockchain technology is the future, digital assets provide a more efficient way to conduct business transactions globally and the Megahoot Vault was developed to help unlock this potential,” said Louis Velazquez, CEO of Megahoot, LLC, “In addition I believe with the wide acceptance of bitcoin and other digital assets that have come to forefront along with major financial institutions such as the CBOE Global Markets and the Intercontinental Exchange providing not only futures trading ability but also platforms to physically trade bitcoin and other digital assets is a major turning point.”
The Megahoot Vault currently supports Pecu Novus and Megahoot Coin digital assets and will be onboarding a number of other digital assets such as bitcoin as the developers provide the coding needed to be included in the Megahoot Vault.
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.. For more information go to www.megahootvault.com
About Pecu Novus
Pecu Novus is a blockchain technology powered network incorporating an asset backed digital asset that enables parties on the network to conduct instant, zero cost coin based transactions globally. Pecu Novus was funded internally by its creators and an initial coin offering “ICO” was never conducted. The networks total coin supply is capped at 100,000,000 of which approximately 80% is slated for investments by the Pecu Novus Asset Fund. An additional 10% is slated for future escrow related transactions on the network, leaving the remaining 10% in the circulating supply. For more information go to www.pecunouvs.com
About Megahoot LLC
Megahoot is a Technology Company focused on secure private collaboration platforms for business and personal use, incorporating ephemeral messaging, high security, use of cryptography and secure mobility. Products being introduced in 2018 include a digital vault for highly secure holding of various cryptocurrencies, loyalty tokens and information on/off the Megahoot Network. With the use of blockchain technology Megahoot will be venturing into various industries from smart homes to health care and more utilizing its blockchain technology platform that will allow corporations globally to create dedicated blockchain networks for their businesses for everything from accounting, logistics, supply chain management, security, education and much more. There will also be the ability to create loyalty tokens and coins aka cryptocurrency on the Megahoot Network. Megahoot LLC is a wholly owned subsidiary of Falcon Global Acquisitions. For more information on FGA go to www.falconglobalacquisitions.com . For more information on Megahoot go to www.megahoot.com.
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.
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