White Paper Released For The Pecu Novus Network
May 8, 2018 –It was announced today that the white paper for the Pecu Novus Network has been released. The paper outlines the purpose of the digital asset, the issues with an outdated financial system and the functionality of the network.
On March 14, 2018 technology company Megahoot LLC, which has a keen focus on cybersecurity, highly secure private collaboration platforms and customized blockchain creation, took over the responsibilities of maintaining and the future development of the Pecu Novus Network. This sparked the need to create a white paper to share our views on a very complex issue in traditional banking methods.
“As I have written in The Pecu Novus Network’s white paper, Traditional banking methods are outdated for a global economy, they have high transaction fees, limited privacy and delayed fund transfers due to multiple layers of internal and external protocols that need to be met. In short too many people are needed to facilitate both domestic and global transactions. These current issues have sparked a very real need for alternative solutions and we feel that the Pecu Novus Network is one of those solutions”, Stated Louis Velazquez, CEO of Megahoot LLC and author of The Pecu Novus Networks white paper.
To view the Pecu Novus white paper please go to https://www.pecunovus.com/white-paper/
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 or coins, nor shall there be any sale of securities or coins 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.