MegaHoot to Manage the Future Development of the Pecu Novus Digital Asset Network
March 14, 2018 – Technology and Cybersecurity company MegaHoot, LLC, announced today that it will be taking over the development and maintenance responsibilities of the digital asset network Pecu Novus.
As of March 16, 2018 MegaHoot’s development team will be responsible for all current and future development, maintenance, marketing and transaction fulfillment of the network. This will not have any negative impact on current holders of PECU coins.
Pecu Novus is a digital asset network utilizing blockchain technology that was developed primarily for businesses to conduct seamless and secure transactions of various products, services and other goods via the Pecu Novus escrow system. The escrow system allows buyers and sellers to conduct secure transactions that are recorded on the Pecu Novus blockchain.
Megahoot plans to initiate an expansion of that business model to provide services beyond business to business allowing individuals to use the escrow system in real time for their transactions. Some uses for the escrow system include global import/export transactions, various business services, various business to consumer transactions, commercial real estate transactions, securitization of commercial loans and more.
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 1,000,000,000 of which approximately 20% is slated for investments .
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.
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