XMG Coins and The XMG Digital Asset Network

The XMG Digital Asset Network consist of a stable coin which holds a value of 1 U.S. Dollar, the XMG Coin is used to purchase digital assets and services across the entire MegaHoot Ecosystem. Some platforms that will be added to the ecosystem include e-commerce, auction and gaming platforms. Some examples of digital assets include digital art, backgrounds for video conferencing, overlays and more.

 

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All MegaHoot Memberships, MegaHoot Soapbox Channel Subscriptions & event tickets, FortisAB Marketplace transactions are purchased using the secure XMG Digital Payment Portal.

This allows for any coin or token held in a members HootDex Decentralized Wallet to be used to make most purchases across the entire MegaHoot Ecosystem.

Because the XMG Digital Payment Portal is a comprehensive digital payment gateway it has allowed for the integration of the HootDex Decentralized Digital Asset Exchange and its wallet with the XMG Payment Portal. What this has done is allow for a seamless experience for MegaHoot Members to use the coins or tokens they may have in their HootDex digital wallet to perform transactions across the entire MegaHoot Ecosystem.

In the near future the XMG Payment Portal will be available to be used for all platforms created on the backbone of the Pecu Novus Network as well as on the backend of point of sales systems for increased utility of the system on a global scale. 

The XMG Payment Portal has similar functions and heavy blockchain enabled encryption protocols in place to protect MegaHoot Members. It performs similar tasks as popular payment systems do such as Paypal, 2Checkout, Stripe and Square but for digital assets.

XMG Coins and The MegaHoot Vault

The XMG Coins are integrated into the MegaHoot Vault “MVault” and this provides MegaHoot Members with access to digital safekeeping boxes and other Vault features. The MVault is a Fintech product that is scalable and will include many other features allowing other digital assets to be held there such as other cryptocurrencies, digital documents, NFT’s representing digital and physical art, digital and physical real estate, commodity transactions and much more.

The MVault will be prepared for the Web3 world and the system will be integrated into the MegaHoot Metaverse platform when launched.