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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. (UEN 201916967R) BANKING-INVESTING-PAYMENT PROCESSING- FINANCE-EXCHANGE-GUARANTEED

BANKING-INVESTING-PAYMENT PROCESSING - FINANCE …

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Page 1: BANKING-INVESTING-PAYMENT PROCESSING - FINANCE …

U.S. SEC Registration:

OKGLOBAL COIN LLCCIK#0001777807

SWITCH INSTANT PAYMENTS LLCCIK#0001777808

Singapore ACRA business file :OKGLOBAL COIN SWITCH PTE. LTD. (UEN 201916967R)BANKING-INVESTING-PAYMENT PROCESSING-

FINANCE-EXCHANGE-GUARANTEED

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WHY?

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.

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1-year roadmap for investors return expectations.

4TH QUARTER 2020 – 4TH QUARTER 2021Onboarding/public awareness execution

STEP 1

FIRST LOCATION IN SINGAPORE

SGD 5 million Cap at USD .004/ coin

2 million reserved for investors

3 million for public.(40/60 split)

STEP 2SECOND LOCATION IN

SAN YSIDRO

Mexico Border Location(Exemption for limited offerings not exceeding $5million – Rule 504 of

Regulation D)

Prepare new locationsKorea/Japan/Indonesia/

Germany/New Yorkand others to follow

STEP 3OPEN KOREA/ JAPAN/ GERMANY/ NEW YORK

USD .008/ coin offering on exchange with

pre-screened members in 6 to 8 months

after first location Singapore Launched.

All early adopters can double profit.

STEP 4

Open exchange for speculation and sells

coinsat all locations at speculation price.

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PROBLEMS

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

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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

PROBLEMS

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OkGlobal Coin SWITCH = SOLUTION

Blockchain simplifies payment processing

Reinvestment of profits back into coin ledger

Immediate account reconciliation and use of funds via phone app or card

Global use available Backed by real assets that are audited, insured, guaranteed and

available online for all coin holders to review.

Coins are traceable and recorded from and to each sender and recipient in real

time

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Every coin holder is an active beneficiary in the global

reinvestment of profits to increase value of each coin.

OkGlobal Coin SWITCH holdings, services, revenue, expenses, etc.., audited and fully

available online for all participants. Licensed, regulated and insured to meet and/or exceed

governing compliance guidelines.

All participants are verified and coins are coded with each owners

identification.

OkGlobal Coin SWITCH participation does not impede or reduce government ability to deficit spend but rather gives all citizens a

way to participate in the global finance market to offset reduction in value of fiat currency due to inflation/deficit spending.

Increasing minimum value in case of complete coin or company

collapse backed by verified, audited and insured holdings/investment

assets.

Inactive accounts (150 years) or deceased participants with no

beneficiary will have coins reinvested back into community

coin ledger.

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Instant account reconciliation for recipients 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.

OkGlobal Coins can be sent to participants globally.

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Lowest market rates available and

free services for participants (save billions, hundreds

of billions, trillions)

Currency that grows

in value

Currency that has an increasing intrinsic

value

Instant payments and

records

EASIER, CHEAPER, FASTER,

TRANSPARENT, PRACTICAL, GROWING.

DEMOCRATIZED COMMUNITY PROFIT,

INVESTMENT AND PAYMENT VEHICLE AVAILABLE NOW.

MARKET ADVANTAGE

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EXAMPLE 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)

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EXAMPLE PROFIT STRUCTURE

1 YEAR TERM INSURANCE PREMIUM FINANCING:

$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 $55million 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.

Term 1 year

(U.S. insurance premium finance industry estimated to be between $30-$50billion annually based upon available online industry calculations. Calculation will vary dependent upon addition of personal lines to commercial lines financing.)

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EXAMPLE PROFIT STRUCTURE

CURRENCY EXCHANG/REMITTANCE

I do not see currency/service exchange offices as a significant

source of profit, if any, for OKGlobalcoin SWITCH. Rather, I regard them as

locations to service existing participants in OKGlobal Coin

community, along with adding new participants and serve as an

employee hub for platform and financing management.

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

participate since we will offer at cost (no profit) currency exchange as an active

participant. These offices will be supported from the payment platform and insurance premium financing returns. We will charge

the lowest market exchange rates in the industry to non-participants and make

whatever revenue from exchange fees we can from the locations.

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COMPETITORS

Currently no competitors

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.

Why?

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SWITCH 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.

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.

Payment process:

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SUPPLY AND TOKEN MIGRATION

OkGlobal Coins are currently an tomochain TRC21 coin 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 blockchain was used to start the OkGlobal SWITCH token due to its rapid transaction/verification speed and nominal fees per transmission. OkGlobal Coins must migrate to its own unique blockchain due to tomochain limited functionality and our project mission of a truly independent democratized autonomous organization.

There are other plans that I have for OKGlobal coin SWITCH that I will not communicate in this project summary but will release as the project progresses.