COT-PICW
Issued by MACOS Limited – Each Token Backed 1:1 by Real NASDAQ Shares
Pictureworks International is an imaging solutions technology company specializing in digital imaging and information solutions with business operations extending to Malaysia, Singapore, Hong Kong, Macau and mainland China.
They provide one-stop digital imaging solutions and related services to customers in the leisure, tourism and entertainment sectors that own or operate theme parks, tourist attractions and intellectual property events which are events centered on franchise movies and popular characters in mainstream media.
By relying on their advanced technology and operational expertise, they are able to capture, process and store large volumes of images at high speed before distributing them to the visitors in the themed location which we identify as our end-users in the form of souvenirs through our distribution channels.
Token Overview
Issuer
MACOS Limited – registered shareholder of Pictureworks International Holdings Ltd (PICW)
Underlying Asset
1,000,000 ordinary shares of Pictureworks International Holdings Ltd (NASDAQ: PICW)
Backing Ratio
1 PICW share = 8 tokens
Total Supply
8,000,000 PICW-E tokens
Token Standard
BEP-20 (Binance Smart Chain)
Fixed Issue Price
USD 1.00 per token (USD 8 = 1 PICW share)
Market Reference
PICW NASDAQ trading range USD 4 – 5 per share
Exchange Rule
8 tokens = 1 PICW share (redeemable directly from MACOS)
After Exchange
Tokens are immediately burned, reducing total supply
PICW-E represents the next generation of Real-World Asset (RWA) tokenization:
Each token is fully collateralized by a verifiable share held by MACOS Limited.
Holders may convert their tokens into real PICW shares at any time.
Redeemed tokens are permanently destroyed, ensuring a strict 1:8 backing ratio.
All records — minting, burning, and share balance — are publicly auditable on-chain.
Token → Share
8 tokens redeemed = 1 PICW share transferred to investor’s name or brokerage account (after KYC).
Destruction Rule
Redeemed tokens are burned on-chain immediately after share delivery → guaranteed deflationary supply.
Advantages hold PICW-E rather than shares
Direct Access to Limited Holdings
MACOS holds a restricted block of shares often not accessible through retail brokers or foreign markets. PICW-E buyers secure allocation without market intermediaries.
Guaranteed Conversion Rights
Holders enjoy a legally enforceable right to exchange tokens for real shares anytime — a claim that regular crypto tokens do not provide.
Blockchain-Proof Ownership
On-chain records verify that each token corresponds to an actual share held by MACOS. No paper contracts or manual verification needed.
Future Value Alignment
If PICW share price appreciates (beyond USD 8), token holders who redeem for shares gain immediate capital profit.
Global Participation
International investors can legally own NASDAQ shares through token exchange without opening US brokerage accounts.
Deflationary Economics
Every token burn reduces supply, increasing the relative backing of remaining tokens over time.
Audited Transparency
MACOS will publish quarterly proof-of-reserve showing 1 M PICW shares = 8 M tokens maximum in circulation.
Regulated Gateway
Structured as a security token offering (STO) via MACOS under Labuan or Singapore rules with full KYC/AML compliance.
Value Dynamics
Current
$4.50
$8.00
$4.50
–43.8 % (short-term discount)
Listing Rally
$8.00
$8.00
$8.00
Break-even
Growth Phase 2026
$12.00
$8.00
$12.00
+50 %
Expansion 2027+
$16.00
$8.00
$16.00
+100 %
Buyers are not purchasing for immediate arbitrage but for secured allocation and long-term exposure to Pictureworks’ AI and digital imaging growth story.
PICW-E bridges Web3 investors with Wall Street equities.
Access
Requires US broker
Global wallet access
Settlement
T+2 days via clearing house
Instant on-chain settlement
Fractionalization
Not available
⅛ share per token
Transparency
Opaque records
On-chain proof of reserve
Liquidity
Limited hours
24/7 peer-to-peer
Entry Barrier
High (KYC, brokerage)
Low (KYC portal via MACOS)
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