MISSION STATEMENT
MELECOIN incorporation is a United Arab Emirates financial company that combines debit card, physical gold and blockchain token in a digital platform, by launching a MELECOIN Gold-Crypto-Debit Card.
MELECOIN will issue a pre-paid debit card that will be backed by ownership of digital physical gold (24k). The debit card is the first cooperative based digital currency that can be used in automated machines globally. This process is the MELECOIN Token System (MTS).
The card enables its holders to earn proceeds into their accounts from transactions of other holders.
MELECOIN Token System will allow clients to verify their accounts via computer, laptop, phones and tablets to prove its security and flexibility standard.
An identified and registered "Gold Bullion Bar" is attached to every MELECOIN Debit Card and Token issued.
BACKGROUND OF MELECOIN
MELECOIN has a primary purpose of helping individuals to secure their cash by backing it up with gold. It offers easy conversion of cash to gold and gold to cash.
The crypto world is in dire need of stablecoin assets back up to limit the risks associated with crypto currencies. MELECOIN understands this need because it is an early investor in crypto currencies. That's why it developed the gold MELECOIN token.
MELECOIN PROJECT
MELECOIN is a blockchain technology that specialises in banking, investment and electronic commerce. They aim at expanding the scope of electronic commerce and providing solutions to the problems in electronic currency.
They plan to establish various decentralized projects such as sale of goods and services and field of games, tourism and other areas linked to the Blockchain technology.
Offering solutions in conversion of currency to services, goods cash.
Processing the means of cash payment and converting it into encrypted currency.
INVESTMENT PRE-ICO
MELECOIN adheres to legal counsel and follows relevant UAE laws in its pre-ICO and ICO activities, to make sure it doesn't go against the industry rules and regulations.
The pre-ICO subscribers will buy 24k gold debit cards with fiat currencies or crypto currencies, accepted by the company. The funds gotten from the pre-ICO sales will be used in running operational costs.
Initial pre-ICO subscribers will be given MELECOIN tokens in exchange for the gold debit cards during private placements, provided that they pass KYC and AML verification which will be conducted by external financial services providers. After the private placements, full ICO will then commence, targeting the crypto currency community and international subscribers who must go through KYC and AML verification.
The legal team will draft subscription documents which will be completed by subscribers. The subscribers will indicate the number of tokens they wish to purchase and pay with either fiat currencies or approved crypto currencies. After the completion of the necessary documents and KYC approval, the subscriber will be registered as a customer in the MELECOIN token data base. They will present their Etherum wallet address where the tokens will be deposited to them in proportion to the amount they paid.
MELECOIN TOKEN
MELECOIN tokens are hard stablecoin assets that are backed with physical Gold made in Japan by Gold Bullion Refinery. It is an Etherum ERC 20 compatible token.
It is uniquely different from other crypto tokens because it is backed by gold, which has ever appreciating value.
MELECOIN tokens can also be used to trade freely in secondary markets after its listing and approval in the cryptosystem and registration into Bitcoin and Etherum blockchains.
MELECOIN tokens are easily redeemable at any time and anywhere around the world. Redeemed tokens are sent to Bitcoin and Etherum blockchains for verification and nullification. Hence, MELECOIN tokens has the following attributes;
It has an edge against fiat currencies because it is backed by physical gold that does not depreciate or manipulated by monetary regulations or inflation.
It can be redeemed at any time against the allocated Gold Bullion.
It can be stored in either an electronic wallet or manual ledger wallet.
It card can be used as a form of payment as both of them are supported by registered Gold Bullion in LBMA Refinery.
They are not affected by potential economical and financial emergencies because it is backed with Gold which has been proved to be stable in its value.
ARCHITECTURE OF MELECOIN TOKEN
Every MELECOIN token is designed with an identical unique identity number which differentiates it from other MELECOIN tokens. The number also guarantees the token's authenticity and registration with physical Gold Bullion Refinery.
KYC AND AML VERIFICATION
The participants of MELECOIN Finance are obliged to submit KYC and AML information about their background. A qualified financial service provider has been engaged to conduct the process.
A more thorough KYC or audit may be required from a subscriber depending on the quantity of MELECOIN tokens applied for.
RISK/DISCLAIMER
The White paper shall not be regarded as a prospectus or a solicit for investment. None of the information on the white paper intends to provide a base for investment decision.
The white paper provides information about the company for discussion purposes. It is not a contract document and no part of it is legally enforceable.
The crypto currency is associated with inherent uncertainties, and MELECOIN token is not an exception. Therefore, any buyer of MELECOIN token and related services must accept these uncertainties.
Subscribers will have to acknowledge that this project may be abandoned and never come to fulfilment. Thus, no legal action can be taken against the company, its directors, employees, investors, or subcontractors and affiliates in the event of the failure of the project.
The white paper and other documents linked to this project should not be transmitted in areas where the MELECOIN token is not authorised to sell.
The MELECOIN incorporation will not be held liable for any of the following;
Failed services due to third party products or breach of buyer's obligation.
Losses or damages incurred by clients due to nondisclosure of information concerning the client.
Non satisfaction of the need of the customer by the services and products of the company.
Damages to systems and applications installed on the company's structure by the client.
Suspension of services as a result of notice from judicial authority.
Real information about the company can only be accessed on their website at www.MELECOIN.com
Useful Information Links
Official Website :
https://melecoin.net
Telegram Official Community :
@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/
AUTHOR'S DETAILS
Bitcointalk Username: Helpcruel
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2768343
Proof of Authentication: https://bitcointalk.org/index.php?topic=5293754.msg55864664#msg55864664
Eth Address: 0x0C51E5AAbE72022e840aDece35c84193c92FbD6a