Introduction
Melecoin is a blockchain product that focuses on e-trade and finance. They plan to solve most challenges that the e-commerce and finance industry face everyday by creating a decentralized and centralized society where e-commerce and traditional trade will be known as one. They will also develop products relating to the blockchain system that will be featured on their platform. This platform is the fintech organization that introduced the melecoin“gold-cryptodebt card”. The card was developed simply from a blockchain-built token, physical precious mineral and a debit card on a blockhain-led platform, melecoin. The kind of debit card that will be issued by melecoin is a pre-paid and cooperative kind of debit card. The debit card will also be limitless unless when faced with certain challenges. Cooperative debit cards are owned by more than one person. If a debit card is used by one of the users, the other users earns 5% of every transaction made with the debit card. The card is assisted by MELE through which the physical coin is digitally owned.
Melecoin finance was solely created for users seeking a haven to store their fiat with the precious mineral, gold. It would also give the users the chance to trade physical coin with fiat easily on a trusted blockchain-led platform. The founder of melecoin finance noticed the flexibility of cryptos, and he decided to avoid that state by introducing the physical coin to his project. Melecoin is in conjunction with a gold refinery, LBMA that will deliver 30 metric ton of gold every year to melecoin for their tokens.
Melecoin Projects
Melecoin's currency will be involved in different projects introduced by the platform which will go up the currency market in time and push investors to invest in the melecoin's currency after seeing what it can do. The projects introduced by melecoin have been particularly picked to give users more rewards while avoiding risks depending on what the market says.
- E-commerce Project: This project connects monetary means of operations with blockchain technology through smart transactions operations. This would solve the challenges faced in the e-commerce and traditional trade world.
- Real-estate Project: This project would substitute paperwork with digtal license. Through this, users can easily send signed applications to banks supported by blockchain technology after it is signed by the buyer of the real estate.
- Bank Project: This project can be used to exchange money and begin an open channel of different clouds. Blockchain transactions, deposits and transfers can also be made using blockchain system.
- Games Project: Players can now earn from just playing games. One doesn't have to worry about the time or money he/she is going to spend by playing games because in this case, it would be productive. Melecoin will reward both their developers and gamers and create fairness between the two.
- Loyalty Program Project: This project mainly involves traders and their customers. The project will help to decrease the fees involved and increase customers rewards. Trust will also be present between the two parties.
- Mining Project: It involves users mining currencies including productive ones that will be mined according to market studies.
Melecoin's Token
This token is the main token used on the melecoin platform. It is a tangible asset and should not be mistaken for the normal cryptocurrencies such as dash or ripple. Stablecoins focuses on removing the volatility feature attached to cryptocurrencies by introducing a physical coin to back it up. Though, on melecoin, the token is not just supported by a physical coin, because the holder of MELE fully owns the physical coin. To know the worth of a stablecoin, you should first know the value of the physical asset(which is gold in this case) in the market. Users can also use the melecoin token as a mode of payment without the presence of middlemen. Peer to peer transactions will also be encouraged and can also be traded on international exchanges in the nearest future. The melecoin's token transactions will be safely stored in the bitcoin and ethereum blockchains, so users data is always trackable and held accountable for by these blockchains.
Why Gold?
As we all know, gold is one of the most highly sought out precious mineral. Gold is known as a very stable mineral even over a long period. It can maintain its purchasing value even when faced with monetary and political challenges including inflation. Up till this day, gold is still described as the Financial Last Resort Haven. Gold is constantly in demand, so there is no possible way for it to become worthless at a point like fiat money. Many central banks even accumulate gold holdings to back up their local currencies especially since economic and political processes aren't certain.
Useful Information Links —
Official Website :
https://melecoin.net
Telegram Official Community : https://t.me/Melecoincommunity
Telegram News Channel :
@MeleCoin
Twitter Account :
https://twitter.com/melecoin
Whitepaper: https://melecoin.net/images/wp/EN.pdf
Facebook: https://www.facebook.com/MELECurrency
Medium: https://medium.com/@melecoin.net
LinkedIn: https://www.linkedin.com/company/melecoin
Instagram: https://www.instagram.com/melecoin
Publishers Details :
Bitcointalk Username : Balili
Bitcointalk profile Link : https://bitcointalk.org/index.php?action=profile;u=2659344
ETH Wallet Address : 0x82D6ff1F45F3C7CEB60B0abD8a89F34d5424e587
POA: https://bitcointalk.org/index.php?topic=5293754.msg55711425#msg55711425