BANKING-INVESTING-PAYMENT PROCESSING-FINANCE-EXCHANGE-GUARANTEED - OKGLOBAL COIN LLC CIK#0001777807 SWITCH INSTANT PAYMENTS LLC CIK#0001777808 ...
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U.S. SEC Registration:
OKGLOBAL COIN LLC
CIK#0001777807
SWITCH INSTANT PAYMENTS LLC
CIK#0001777808
Singapore ACRA business file :
OKGLOBAL COIN SWITCH PTE. LTD.
BANKING-INVESTING-PAYMENT PROCESSING- (UEN 201916967R)
FINANCE-EXCHANGE-GUARANTEEDWHY?
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.
021-year roadmap for investors return expectations.
4TH QUARTER 2020 – 4TH QUARTER 2021
Onboarding/public awareness execution
STEP 2 STEP 3
STEP 1 SECOND LOCATION IN
OPEN KOREA/ JAPAN/
SAN YSIDRO
GERMANY/ NEW YORK
FIRST LOCATION IN STEP 4
SINGAPORE Mexico Border Location
USD .008/ coin offering
(Exemption for limited
on exchange with Open exchange for
SGD 5 million Cap at USD offerings not exceeding
pre-screened members speculation and sells
.004/ coin $5million – Rule 504 of
in 6 to 8 months coins
Regulation D)
after first location at all locations at
2 million reserved for
Singapore Launched. speculation price.
investors Prepare new locations
3 million for public. Korea/Japan/Indonesia/
All early adopters can
(40/60 split) Germany/New York
double profit.
and others to follow
03PROBLEMS
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
04PROBLEMS
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
05OkGlobal Coin SWITCH = SOLUTION
Reinvestment of profits Blockchain simplifies Immediate account reconciliation and
back into coin ledger payment processing use of funds via phone app or card
Global use available Backed by real assets that are Coins are traceable and
audited, insured, guaranteed and recorded from and to each
available online for all coin holders sender and recipient in real
to review. time
06Every coin holder is an active OkGlobal Coin SWITCH holdings, services, All participants are verified and
beneficiary in the global revenue, expenses, etc.., audited and fully coins are coded with each owners
reinvestment of profits to increase available online for all participants. Licensed, identification.
value of each coin. regulated and insured to meet and/or exceed
governing compliance guidelines.
Inactive accounts (150 years) or Increasing minimum value in case OkGlobal Coin SWITCH participation does
deceased participants with no of complete coin or company not impede or reduce government ability to
beneficiary will have coins collapse backed by verified, audited deficit spend but rather gives all citizens a
reinvested back into community and insured holdings/investment way to participate in the global finance
coin ledger. assets. market to offset reduction in value of fiat
currency due to inflation/deficit spending.
07OkGlobal Coins can be sent to Instant account reconciliation for recipients
participants globally. 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.
08MARKET ADVANTAGE
DEMOCRATIZED
COMMUNITY PROFIT,
INVESTMENT AND
EASIER, CHEAPER,
PAYMENT VEHICLE
FASTER,
AVAILABLE NOW.
TRANSPARENT,
PRACTICAL,
Lowest market Currency GROWING.
that has an Instant
rates available and payments and
free services for increasing
records
participants (save Currency intrinsic
billions, hundreds that grows value
of billions, trillions) in value
9EXAMPLE 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)
10EXAMPLE PROFIT STRUCTURE
1 YEAR TERM INSURANCE PREMIUM FINANCING:
Term 1 year
$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$55 million 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.
(U.S. insurance premium finance industry estimated to be between $30-$50 billion annually based
upon available online industry calculations. Calculation will vary dependent upon addition of personal
lines to commercial lines financing.)
11EXAMPLE PROFIT STRUCTURE
CURRENCY EXCHANGE/REMITTANCE
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
I do not see currency/service participate since we will offer at cost (no
exchange offices as a significant profit) currency exchange as an active
source of profit, if any, for OKGlobal participant. These offices will be supported
coin SWITCH. Rather, I regard them as from the payment platform and insurance
locations to service existing premium financing returns. We will charge
participants in OKGlobal Coin the lowest market exchange rates in the
community, along with adding new industry to non-participants and make
participants and serve as an whatever revenue from exchange fees we
employee hub for platform and can from the locations.
financing management.
12COMPETITORS
Currently no competitors
Why?
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.
13SWITCH 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.
Payment process:
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.
14OkGlobal Coin SUPPLY AND TOKEN MIGRATION
OKGlobal Securities Coin is currently an tomochain trc21 token 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 block was used to start the OkGlobal Securities Coin due to its rapid transaction speed
and nominal fees. The token must migrate to its own unique blockchain due to the limited
functionality of the tomochain block and to meet our project goals of a decentralized autonomous
organization.
There are other plans that I have for OKGlobal coin, SWITCH & MYID that I will not communicate in
this project summary but will release as the project progresses.
15SWITCH Coin SUPPLY AND TOKEN MIGRATION
Switch stable coins are currently an tomochain trc21 token with a total supply of
100,000,000,000.
SWITCH stable coins are targeted towards merchants and consumers who wish to avoid any volatility
in price. Each SWITCH stable coin is 100% backed by SWITCH stable coin reserves to ensure a 1:1
transferability to fiat currency minus blockchain and platform fees when applicable.
As OkGlobal Coins mature and price volatility with OkGlobal Coins become a decreasing concern,
we foresee the reduction and ultimately a possible complete phasing out of SWITCH stable coins.
16MY IDENTITY COIN SUPPLY AND TOKEN MIGRATION
MY IDENTITY utility coins, has a total volume of 100 billion ethereum(erc20) MYID Coins. The ethereum
erc20 blockchain was used to create MYID Coins for ease of access to various funding and trading
platforms.
MYID, are utility coins used for the tagging/identification of blockchains with unique owner identifying
code. The purpose of tagging blockchains with MYID coin coding is to reduce and ultimately eliminate
threat of loss, theft or unfair confiscation.
MY IDENTITY Coins will migrate to its own unique block due to the functionality limitations of the
ethereum blockchain.
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