Pecu Novus Update on Digital Asset Dividend Distribution
Megahoot, LLC is pleased to announce that effective on June 15, 2018 at 11:59 pm, all current holders of Pecu Novus Coins will be entitled to a Digital Asset Dividend Distribution “DADD” of Megahoot Coins. The dividend rate is as follows: for every two Pecu Novus Coins held by the coinholder they will receive one Megahoot coin.
The actual Megahoot coins will be placed in the Megahoot Vault and distributed to the Pecu Novus coinholders of record from there. The Megahoot Vault has been in development for several months to provide a seamless and secure venue for this “DADD” to take place as well as others that may be forthcoming.
Pecu Novus coinholders have to first create their Megahoot Coin wallet at www.megahoot.org and effective June 24, 2018 they will be able to create their Megahoot Vault accounts. Full instructions will be featured on both the Pecu Novus and Megahoot coins information websites.
The Company has chosen this action to allow for additional security measures to be put into place for the holders of both Pecu Novus and Megahoot Coins.
Coin holders as of June 15, 2018 will automatically see the dividend distributed to their Megahoot Vault accounts. Pecu Novus coin holders will have until July 8, 2018 to open their accounts and transfer their Pecu Novus coins to their Megahoot Vault account so that they may receive the “DADD”. Pecu Novus coin holders who elect not to open their Megahoot Vault account and transfer their Pecu Novus coins to their account risk forfeiture of the Megahoot coins via the “DADD” and therefore will not be entitled to the distribution.
About the Megahoot Vault
The Megahoot Vault has been developed with additional security features and the ability to securely hold and exchange Megahoot and Pecu Novus coins initially. The vault will have the ability to hold digital documents such as real estate or other transactional agreements securely for transaction utilizing Pecu Novus or Megahoot coins. There are many other features that are in development that will be released in 2018, one of which is the ability to hold other cryptocurrencies and digital assets in the vault. For more information go to www.megahootvault.com
About Pecu Novus
Pecu Novus is a blockchain technology powered network incorporating an asset backed digital asset that enables parties on the network to conduct instant, zero cost coin based transactions globally. Pecu Novus was funded internally by its creators and an initial coin offering “ICO” was never conducted. The networks total coin supply is capped at 100,000,000 of which approximately 80% is slated for investments by the Pecu Novus Asset Fund. An additional 10% is slated for future escrow related transactions on the network, leaving the remaining 10% in the circulating supply. For more information go to www.pecunouvs.com
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 being introduced in 2018 include a digital vault for highly secure holding of various cryptocurrencies, loyalty tokens and information on/off the Megahoot Network. 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. There will also be the ability to create loyalty tokens and coins aka cryptocurrency on the Megahoot Network. Megahoot LLC is a wholly owned subsidiary of Falcon Global Acquisitions. For more information on FGA go to www.falconglobalacquisitions.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, nor shall there be any sale of securities 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.