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9/25/2022, 6:45:20 PM

Keep an eye on MY IDENTITY COIN

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MY IDENTITY COIN is on the decline this week.

The price of MY IDENTITY COIN has fallen by 11.76% in the past 7 days. The price declined by 11.57% in the last 24 hours. In just the past hour, the price grew by 0.14%. The current price is $0.000223 per MYID. MY IDENTITY COIN is 99.93% below the all time high of $0.34.

The current circulating supply is 0 MYID.


What Is My Identity Coin (MYID)?

My Identity Coin (MYID) is one of the tokens issued by the OK Global Coin Switch platform, an instant cross payments and services platform. Moreover, the platform has launched ‘The Money Project’ mainly aimed to solve faith-related real-world problems associated with blockchain technology. Some of the examples of these issues are high fees, slow account reconciliation times, value fluctuations, and lack of intrinsic trading value.

My Identity Coin (MYID) is a part of ‘The Money Project.' In particular, the project is based on a unique ‘proof-of-person’ or tagging technology that seeks to enable token holders to attach their identity to the tokens. This way, the technology seeks to safeguard against theft or loss of cryptocurrencies. MYID tokens are used for tagging blocks with unique owner identity codes. As stated above, the main purpose behind tagging blockchains is to reduce the threat of loss, theft, or unfair confiscation.

Besides, the platform aims to offer many other features via The Money Project. Some of them are as follows:

  • Secured with blockchain technology

  • Hassle-free and fast transactions confirmed within seconds

  • Near-zero cost transactions

  • Helps to reduce inflation loss

  • Personal assistance through international service centers

  • Reduces the risk of theft or negligent losses

As per the whitepaper, MYID is a utility token built on the Ethereum blockchain. The platform chose Ethereum because it provides access to different funding and trading platforms. There are mainly two types of MYID tokens available for users: tradable MYID, an ERC20 token, and non-tradable MYID, a TRC20 token. Users need to pay a gas fee to convert non-tradable tokens into tradable MYID tokens. ERC20 and TRC20 are token standards used for smart contracts on the Ethereum and TRON blockchains. Smart contracts are just like regular contracts; however, instead of being drafted on paper, these contracts run in the form of protocols on the blockchain.In addition, users need to connect their metamask wallets to get the tokens. The company has plans to migrate the MYID token to its own blockchain in the near future due to the functional limitations of the Ethereum blockchain.

History of My Identity Coin (MYID)

Han Kim is the founder of the project. The whitepaper of the project was last edited on November 28, 2020. The maximum total supply of MYID tokens is 100 billion tokens.

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What is the current price of MY IDENTITY COIN?

The price of 1 MY IDENTITY COIN currently costs $0.000223.

What is the market cap of MY IDENTITY COIN?

The current market cap of MY IDENTITY COIN is $0.00. A high market cap implies that the asset is highly valued by the market.

What is the all time high of MY IDENTITY COIN?

The all-time high of MY IDENTITY COIN is $0.34. This all-time high is highest price paid for MY IDENTITY COIN since it was launched.

What is the 24 hour trading volume of MY IDENTITY COIN?

Over the last 24 hours, the trading volume of MY IDENTITY COIN is $48.27.

What other assets are similar to MY IDENTITY COIN?

Assets that have a similar market cap to MY IDENTITY COIN include LunaFi, StarLink, PayRue (Propel), and many others. To see a full list, see our comparable market cap assets.

How many MY IDENTITY COIN are there?

The current circulating supply of MY IDENTITY COIN is 0.

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