Pecu Novus Announces a 1 for 10 Forward Split of the Pecu Novus Coin to Increase Accessibility and Liquidity
March 18, 2019 – It was announced today that the Pecu Novus Digital Asset Network “PECU” will be initiating a 1 for 10 forward coin split that will be effective immediately.
The forward split was essential in order to increase the accessibility of the network and liquidity of the Pecu Novus Coins to the general public. The utility of the network has been geared towards business to business transactions but a demand for individual peer to peer transactions and accessibility by the general public has increased dramatically over the past year. This has prompted an action to take place that would accommodate both enterprise and individual use without disrupting the current coin holders.
To avoid dilution to current coin holders it was further announced that post coin split ninety percent (90%) of all coins will be pulled out of circulation and retired, this will leave the circulating supply at 10 million coins and the maximum supply at 100 million coins. The coins being retired are associated with the investment supply that has been dormant and will have no negative impact on coin holders.
The only essential change that Pecu coin holders will experience are an increase in their coin holdings and reduced pricing of PECU reflecting the forward split.
About Pecu Novus
Pecu Novus is a blockchain technology powered digital asset network that enables parties on the network to conduct instant, zero cost coin based transactions globally. The network provides businesses with the ability to place Pecu Novus coins in escrow for most any type of transaction, such as import/export, real estate, consumer products, manufacturing and much more. Since March 16, 2018 the network has been managed by Megahoot, LLC, who overseas all maintenance and future development of the network. For more information go to www.pecunouvs.com or to access the digital wallet go to www.pecunovus.org
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