Technology Company Megahoot Announces a 1 for 100 Forward Coin Split of the Megahoot Coin and Trading Symbol
Technology and Cybersecurity company Megahoot, LLC, announced today that the Megahoot Coin “XMG”, a cryptocurrency and digital asset network, will be issuing a 1 for 100 forward coin split that will be effective on November 16, 2018.
The forward split was essential in order to begin to unlock the potential of the Megahoot coin, its functionality within and beyond the Megahoot ecosystem and make it more accessible to the general public without the execution of a hard fork of the blockchain or without dilution for current Megahoot Coin holders.
The current maximum supply of Megahoot coins is 10 million which will be increased to 1 billion and the current total circulating supply is 5 million which will be increased to 500 million. The forward split increases the scalability of the Megahoot Coin Network so that it can continue to grow as the company begins to launch various e-commerce and gaming platforms in 2019.
The intrinsic value of the Megahoot Coin Network is based on the usage via the actual growth and expansion of the company’s products and services. The network currently utilizes the Pecu Novus Escrow System specifically designed for the Megahoot Coin Network and additional features will be announced in 2019.
The use of Megahoot Coins is to facilitate transactions relating to Megahoot’s products and services within the Megahoot ecosystem. The products and services include: “Megahoot Enterprise”, which are enterprise level private collaboration networks, “Megahoot Blockchain”, which offers enterprise level blockchain creation globally, “Megahoot Smart Technology”, which offers customized smart technology for new residential and commercial builds adhering to smart city initiatives, “Megahoot Gaming” and “Megahoot E-Commerce”, which will allow for purchases utilizing the Megahoot Coin.
The Megahoot Coin will carry the trading symbol “XMG” within the Megahoot Vault and across other peer to peer cryptocurrency exchanges.
Megahoot has a keen focus on protecting the data of its users across all current and future products or services, providing a high level of privacy and protecting user activity across the entire Megahoot Network. No user data will ever be sold or shared with third parties for any reason whatsoever.
The Megahoot Coins were not issued as an Initial Coin Offering “ICO”, it was a direct launch and initially issued as a Digital Asset Dividend Distribution “DADD” to Pecu Novus coin holders as of June 15, 2018.
More information can be found on www.megahoot.net.
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 include the Megahoot Vault which is a digital vault for highly secure holding of various cryptocurrencies, loyalty tokens and soon digital documents. 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. 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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