What Is Pecu Novus?
Pecu Novus is a blockchain technology powered asset backed digital asset that enables parties to conduct instant, zero cost coin based transactions globally. The Pecu Novus network features a Secure Escrow System, Smart Contract Enabled, Internal Messaging, Dual Confirmation, Transparent Transactions and more in development for ease of use. In addition the network features a larger and scalable block size which provides virtually instantaneous transaction confirmations, better storage efficiency and functionality for users of the network. The symbol for Pecu Novus is PECU and the coins are referred to as PECU (pea-ku)
Why Pecu Novus?
This viable digital asset was named Pecu Novus for a keen reason, in Latin Pecunia means “MONEY” and Novus means “NEW”, so in short Pecu Novus = NEW MONEY.
Is Pecu Novus Seen as an Investment?
As with any store of value, whether it be digital or physical, the possibility of it accruing in value over time is solidly there. The key word is “VALUE” , Pecu Novus has a circulating supply of 10 million coins and 80 million coins that are not in circulation are solely designated for the Pecu Asset Fund investment purposes. This was designed to give the coins growth potential as the investments are made for the benefit of the network, the asset base accrues in value over time and the use grows globally. So like gold, silver, certain stocks or bonds, holding viable digital assets such as PECU have proven to be growth situations.
Global commodity and stock exchanges such as the CBOE, CME and possibly the NYSE and NASDAQ are currently or may be seeking to offer futures trading for digital assets, the future is very bright for alternative viable digital assets such as PECU. Its a continuous evolution in alternative assets, once more widely understood by the masses it should provide great value beyond what we are seeing currently.
Just bare in mind that this market is still a very young and fragmented, there can be extreme volatility with many alternative assets, so its never recommended to hold all your savings in digital assets at this point. See them as a high risk alternative asset that could mature over time.
What is the Total Supply of Coins?
The total supply of coins is 100 million Pecu Novus coins and are broken down as such:
Not in Public Circulation Currently: 80 million Pecu Novus coins are in the Investment Supply to support the Pecu Novus Asset Fund.
Not in Public Circulation: 10 million Pecu Novus Coins are in the Escrow Supply for commercial purposes.
In Public Circulation: 10 million Pecu Novus coins are freely in the Public Circulating Supply.
The Total Supply of Pecu Novus coins is capped at 100 million coins.
What is the Escrow Feature Used For? and How Does it Work?
The escrow feature was developed to protect both the sender and receiver of Pecu Coins. So as opposed to just sending coins free and clear for a transaction, no matter what the size, you can send them with a time option. So if the coins were being used for a real estate transaction or an import/export transaction, basically the coins and highlights of the contract would be inserted into the appropriate information “Note” and/or “Private Note” slots in the “Send Coins” area. That information becomes a permanent part of the blockchain. Once those coins are in escrow with a specific date then whatever transaction was to take place then takes place according to the physical or verbal contract. The sender has the option to release the coins earlier than the date intended if deemed necessary or if the transaction does not take place then the sender can cancel the escrow with cause. The receiver would then have 24 hours to dispute, if no dispute is issued then the coins are returned to the sender. If it is disputed then a “Third Party Verification” could be requested to settle the dispute. The “Third Party Verification” would be a designated Pecu coin holder who would render the fair outcome.
Was Pecu Novus an ICO?
Pecu Novus was never an Initial Coin Offering “ICO” for many reasons, with a vast majority of these offerings the actual system is not built until the offering is completed, so they are basically detailed ideas at first. The Pecu Novus network needed to be built in order for the benefits to be seen, not on paper but in reality. There were investments made to allow this to occur for the benefit of all Pecu holders. The integrity of the Pecu Novus network is paramount and will remain that way as it has been since inception.
Where Can I Buy Pecu Novus?
Due to Pecu Novus being a relatively new issue the Pecu coins are only available on a peer to peer basis at the moment over the Pecu Network, but over time they will be widely available. Individuals can connect with other Pecu holders to arrange to acquire them through them. Businesses that are looking to use Pecu for various business transactions will be able to contact the asset fund manager to make arrangements late March 2018.
Will Pecu Novus be Listed on Coin Exchanges?
This will be inevitable as the usage grows, this will ultimately be in the power of the people who are actively seeking to trade or acquire Pecu coins. There will be custom API created as exchanges request to list Pecu Novus coins on their secure and registered exchange.
I Don’t See Posts, Press or Media Coverage For Pecu Novus Like Other Digital Assets, Why is That?
Pecu Novus was never widely marketed as you see many of the Initial Coin Offerings or current major digital assets are or were. It was much more important for the resources of Pecu Novus to be put into development rather than media or hype marketing. The Pecu Novus Network wasn’t developed for a day or a year, it was developed to continue to scale and grow as the usage grows, for the benefit of Pecu holders. A majority of the marketing has been organic and word of mouth, this will surely grow as more individuals and businesses become aware of the powerful benefits of utilizing the Pecu Novus Network.
Can Account Statements be Printed For My Pecu Novus Account?
YES, in the “User Settings” section you can print your account statement for the current month. There will be functions in the near future that will allow Pecu Novus holders to print year end statements.
What Does the Dashboard Show?
Your Dashboard in your Pecu Novus account shows you the Total Coins you own, any coins that you may have in Escrow, the Total Value of the coins you own in Fiat Currency and below you have the Current Value per coin, the Percentage Change and Trend, the Total Volume for the day in both Pecu Coins and US Dollars, the Market cap in US Dollars and the Total Supply. Below that you will see a list of all of your current transfers, both incoming and outgoing. Now from your Dashboard you can look at the Public Ledger, You can Send Coins or Place Coins in Escrow for a transaction or go to User Settings to change your account information, password or print your statement.
What is the Public Ledger?
In simple terms it is the actual Blockchain, the Public Ledger is a permanent record of each and every transaction that occurs with Pecu Coins.
How Can I Transfer Pecu Coins?
On your Dashboard click on the Send Coins button, below you will see a slot to add how many coins you want to send, you can do this in Pecu Coins or US Dollars and Yes more fiat currency conversions will be available soon. Then you paste the Pecu Address, which is the receivers Public Key, in the slot when its mentions to Pecu Address. And its optional to add a note, it can show the purpose of the transfer, if you’re using it for a purchase of a product etc, just to let the receiver know. Lastly if you choose to put the coins in escrow for the transaction just click on the Escrow slot and a calendar will pop up, just choose what date you want the coins released. Again its optional to add a Note and Private Note.