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.
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.
For more information, visit: www.megahootvault.com