Technology Company Megahoot Announces the Completion of a 1 for 100 Forward Coin Split of the Megahoot Coin and New Trading Symbol “XMG”
Technology and Cybersecurity company Megahoot, LLC, today announced the completion of the anticipated 1 for 100 forward coin split of the Megahoot Coin , this was effective on November 16, 2018. All Megahoot coin holders will have that reflected in their digital wallet. The Megahoot Coin will also carry the trading symbol “XMG” to avoid confusion with Megahoot the Company. The symbol will be used within the Megahoot Vault as well as other Peer to Peer cryptocurrency exchanges that may host the coin.
The Megahoot Coin was priced at $1.50 per coin at the open of business November 16, 2018. The network has been in beta mode to date in order to prepare it to work seamlessly with the Megahoot Vault. This was extremely important as it would allow for the Megahoot Coin Network to have features such as the current escrow system, digital document execution and storage that will lodge on the blockchain for transparency as well as new features that will be announced in the near future.
As stated previously 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.
The current maximum supply of Megahoot Coins is 1 billion coins and the current total circulating supply is 500 million, both post split. This will increase the scalability of the Megahoot Coin Network so that it can continue to grow as Megahoot, the company, begins to launch various e-commerce and gaming platforms in 2019.
The seamless uses of the Megahoot Coin will span across the Megahoot ecosystem and allow for transactions to take place across its platforms, products and services. Some of the products and services that will be released 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.
Megahoot, the company, puts the protection of the data of its users across all current and future products or services at the forefront. This provides the highest level of privacy and protection of user data and activity across the entire Megahoot Network. No user data will ever be sold or shared with third parties for any reason whatsoever. The proprietary cryptography utilized across the network ensures the digital safety of the Megahoot ecosystem and its users, exceeding SHA512-bit encryption standards.
More information on the Megahoot Coin Network 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 FGA Partners. For more information on FGA go to www.fgapartners.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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