What is MY IDENTITY COIN (MYID)?

Quick Facts

• Token symbol: MYID
• Blockchain: Ethereum (ERC-20)
• Token type: Utility token
• Founded by: Han Kim
• Whitepaper published: 2020
• Platform: OK Global Coin / The Money Project
• Core feature: Proof-of-person tagging technology

Introduction

MY IDENTITY COIN (MYID) is an Ethereum-based utility token built around a concept called ownership tagging. The project aims to solve one of cryptocurrency's most persistent problems: the permanent loss of digital assets due to theft, hacking, or accidental misplacement.

By attaching a unique owner-identifying code to blockchain data, MYID seeks to make crypto assets traceable back to their rightful owner — even after unauthorized transfers.

History & Background

The MYID whitepaper was first published in late 2020, with the project's ICO launching in December of that year. The token was founded by Han Kim and sits under the broader OK Global Coin ecosystem, which focuses on cross-border payments and financial services.

MYID is positioned as a core component of 'The Money Project' — an initiative addressing real-world friction points in blockchain adoption, including high fees, slow settlement, and value instability.

How MY IDENTITY COIN Works

At its core, MYID uses a 'tagging and wrapping' mechanism. Each token can be coded with identifying information unique to its owner. This creates a verifiable link between a user's identity and their digital assets.

The technology is described as a proof-of-person model — one that reduces the risk of unauthorized confiscation or theft by ensuring that blockchain packets carry owner-identifying metadata.

Currently, two token variants exist: a tradable ERC-20 token on Ethereum, and a non-tradable TRC-20 token on the TRON network. Users can convert the non-tradable version to the tradable ERC-20 form by paying a gas fee.

Tokenomics

MYID is a pure utility token — it grants no equity, dividends, or governance rights. Its value is tied directly to use within the tagging ecosystem.

The original token distribution allocated 40% to the team and campaign participants, with the remaining 60% offered in a public sale. The project has also indicated plans to eventually migrate MYID to its own dedicated blockchain to overcome the functional limitations of Ethereum.

Ecosystem & Use Cases

MYID operates within the OK Global Coin platform and serves as the identity layer for asset protection. Key use cases include tagging OKGlobal Coin transactions, reducing cryptocurrency theft, and enabling identity verification across blockchain interactions.

The Money Project also envisions MYID playing a role in remittances and broader financial services.

Team, Governance & Community

The project was founded by Han Kim and is backed by the OK Global Coin organization, which describes itself as running international service centers to assist community members in person. The community is active across Telegram, Discord, Reddit, Twitter, and Medium.

Governance details are not publicly formalized; decisions appear to be driven by the founding team.

Advantages

• Unique use case: Ownership tagging addresses a genuine and costly problem in the crypto space.
• Dual-chain flexibility: ERC-20 and TRC-20 variants offer accessibility across two major blockchains.
• Part of a broader ecosystem: Integration with OK Global Coin expands potential utility.
• Community presence: Active social channels support user engagement and transparency.

Risks & Challenges

• Low liquidity: Trading volume has been negligible for an extended period.
• Migration uncertainty: Planned migration to a proprietary blockchain remains unconfirmed.
• Centralized governance: No on-chain governance mechanism is currently in place.
• Unverified technology: The tagging mechanism lacks published third-party audits or technical validation.
• Limited adoption: The token has a small holder base and limited real-world integration so far.

Long-Term Vision

MY IDENTITY COIN envisions a future where every cryptocurrency transaction is verifiably linked to a real owner, making loss and theft effectively reversible. The roadmap points toward a standalone MYID blockchain, deeper integration into global payment rails, and expansion of The Money Project's financial services suite. If the tagging technology matures and gains adoption, MYID could serve as a foundational identity layer for digital asset ownership.