UNDERSTAND ABOUT STABLE COIN MEGAO PROJECT IN 5 MINUTES.

[Nicky Kiều]

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1. Introduction​

Over the past 3 years from 2019-to 2022, Blockchain, cryptocurrency, or Bitcoin are the most searched keywords on social networking sites. Although this is not the first time it has been noticed by the world community, unlike in 2017-2018, this appearance of the market brings many practical modern technology solutions to the world and fields. Now cryptocurrency is not simply an up and down market, the role of BTC is now being recognized and applied by many organizations and governments. However, to connect between a new field like Blockchain and the real world, common bridges are needed. Today I will introduce you to Stablecoins and the MegaO stablecoin project.

What are stablecoins?
Stablecoins are an important link, the first step to help Investors participate in the market and are also considered a safe "haven" from financial market fluctuations. Usually, stablecoins issued must be directly backed by fiat currency, in other words, they must have a central issuer (or bank) holding an amount of fiat currency equivalent to the amount of stablecoin tokens that have been issued. release. This helps reduce the risk for investors owning them.
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2. What is MegaO and what problem does it solve?​

To simplify and ensure transparency in fiat-to-currency conversions in the blockchain, a financially transparently controlled issuer is needed so that the number of assets held annually equals the price. stable value issued. Therefore, MegaO was built for the sake of transparency in the management of the issuance of this currency.
What problem does MegaO solve.
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2.1 Trading Stablecoins​

MegaO issues different stablecoins based on international fiat currencies to help Investors maximize profits by minimizing exchange rate differences.​

2.2 MegaO Exchange​

MegaO operates as a decentralized exchange without the need for a banking partner or dependence on any financial regulator. The MegaO platform allows users to buy and sell cryptocurrencies with fiat for a small fee, facilitating leveraged trading like regular exchanges.

In addition, users can also use the MegaO application to transfer money at home and abroad, between users of MegaO, or with other cryptocurrency wallets outside the exchange. MegaO aims to provide a secure and seamless experience for customers, to be the bridge between fiat and cryptocurrencies with a P2P peer-to-peer trading system and many new features to help users easily participate in the market. The cryptocurrency market is being developed and perfected.​

3. Mechanism of action​

3.1 MegaO Stablecoin Issuing Mechanism​

MegaO issues a limited number of Stablecoins up to 70% of the total asset value that MegaO holds. When the market value of assets in MegaO's portfolio decreases, MegaO actively buys stablecoins on the market to burn, always ensuring that the circulating stablecoin value is only 70% maximum. asset value that MegaO holds as the initial issuance mechanism.
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3.2 MegaO audit mechanism​

To ensure value and transparency in investment, all invested MegaO assets as well as issued MegaO Stablecoins are audited every 6 months by a reputable independent auditing company. The audit unit will be selected based on the suitability with the total asset value as well as the number of stablecoins issued by MegaO. When the issued stablecoin value reaches a value of 50,000,000 USD or more, it is mandatory to use an audit firm belonging to one of the top 4 auditing firms in the world: PricewaterhouseCoopers (PwC), Ernst & Young ( E&Y), Klynveld Peat Marwick Goerdeler (KPMG), Deloitte Touche Tohmatsu Limited (Deloitte).
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3.3 Co-issuance mechanism​

Stablecoin MegaO builds a stablecoin co-issuance model for partners who are individuals or organizations that can use their assets to participate in the issuance of Stablecoins by making secured loans with MegaO to receive. Stablecoins are USDO or VNDO. This loan must be verified by a 3rd party, a valuation company, at the time of borrowing and when paying off the loans
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4. Issuance of Stablecoin​

4.1 General information​

MegaO issues 2 stablecoins MegaO USD (USDO) at an exchange rate of 1 USDO = 1 USD. and MegaO VND (VNDO) with an exchange rate of 1 VNDO = 1 VND based on Binance Smart Chain platform with BEP20 standard. Initially, MegaO will issue 1 million USDO and 48 billion VNDO. Each subsequent release, MegaO will specifically notify the community of the number and release plan. MegaO guarantees liquidity for parity conversions at all times.​

5. MegaO Tokenomics​

MegaO Token (MegaO) is a cryptocurrency built on the Binance Smart Chain (BEP20) network used in payment of transaction fees at the MegaO platform.
The total issued supply is 200,000,000 MegaO Tokens with a starting price of $0.15. Information about the specific MegaO Token allocation is as follows:​

6. Collateral portfolio​

MegaO specializes in providing multi-application solutions in trading and unlimited liquidity through asset-backed stablecoins. MegaO's investment areas to ensure the value of asset-based stablecoins include:

Real Estate: Real estate is a high-growth, sustainable investment asset in developing countries.
Listed shares: MegaO buys and holds shares of leading companies in the world such as Amazon, Google, Facebook…
Precious metals: Gold, silver and precious metals have experienced sustainable growth in value compared to currency for decades.
Corporate shares: MegaO makes strategic investments and holds shares in many potential breakthrough businesses.​

7. Road Map​

8. Development team​

Amine Kreidi - CEO​

Mr. Amine Kreidi is a financial investment and consultant, senior analyst with 8 years at Phoenician Capital, a large investment fund, he has achieved many outstanding achievements in portfolio management. Amine also worked for Levantine Partners managing and supporting clients in multi-sector projects such as Healthcare, Industry, Agriculture and Technology. Amine also held the position of Business Development Manager of Temacode. He graduated from American University of Lebanon with a double major in Banking & Finance and Management Information Systems (MIS). He also holds a diploma in Value Investing from Columbia University, USA.​

Đoàn Hồng Quảng - CTO​

Mr. Doan Hong Quang is an expert in software development. With more than 13 years of experience in the role of CTO developing products and services in the fields of Telecommunications, e-commerce and Logistics at Viettel technology company, IDO eCommerce, HaiVan Transportation..... As a technology expert... In information technology, he always updates and applies new technologies to build high-performance, multi-platform technology products. Currently, he is the technical director in charge of issues related to research and development (R&D) of blockchain technology-based products and services at Head Capital.​

Philip Le - CCO​

Graduating with a Master of Business from a prestigious university in London, Mr. Philip holds the role of senior academic manager at an international university in Vietnam. With Philip's extensive knowledge and experience, he is an expert in the fields of Hospitality, Technology, and Startups. He is currently the Co-Founder & CCO of HEAD Capital based in Singapore.​

David Do - Advisor​

Graduating with a Master of Business from a prestigious university in London, Mr. Philip holds the role of senior academic manager at an international university in Vietnam. With Philip's extensive knowledge and experience, Mr. David Do has more than 10 years of experience in business and investment in technology projects in Vietnam and around the world. He used to be the CEO of investment company MIG Holdings (2016 - 2019), Co-founder & CSO of Relam Investment Dubai (2017 - 2020). He is currently the Co-Founder & CEO of HEAD Capital, a Singapore-based investment company specializing in the investment and development of platform technology projects. Prominent projects invested by HEAD Capital such as: Ola City, 7ECO, BBLink, 7S Hotel, Thegioisi, 7Hit, Bala, Guubook... Mr. David Do is also a judge, investor, sponsored and contributed to many projects. many contests, many technology events, is a Diamond sponsor for the Future Blockchain Summit 2018 program, sponsoring the Malta Blockchain Summit 2018 event, an expert in the field of Hospitality, Technology, and Startups. He is currently the Co-Founder & CCO of HEAD Capital based in Singapore.
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9 MegaO's partner.​

	5ROI Global is a multi-application financial and cryptocurrency trading platform that provides a simplified trading solution for all types of users. By cooperating and connecting liquidity with the world's leading exchanges 5ROI Global creates a trading system with the ability to liquidity up to billions of USD per day.
	Ola City is a performance-based advertising platform. With Ola City, businesses can easily advertise their products and services to billions of users around the globe, and at the same time help millions of members earn extra income every day by performing simple tasks. simple every day.
	HEAD Capital is a company specializing in investment and development of technology projects for industries based on its strength in user development and the ability to solve Growth Hacking problems. The company's main core value is its intellectual resource, the company's biggest capital is human intelligence and value.

 

[Soul]

Thanks for knowledge