LEGAL INVESTMENT DISCLAIMER
MELECOIN does not guarantee that investment in the incorporation will be favourable or not. This write up does not establish sustainability of a financial instrument. Investors should seek professional financial advice before investing in any security instrument discussed in MELECOIN, and understand that further prospects may not be realized. There are risks that can make security values and prices to fluctuate and may lead to investors receiving less than what they invested. These risks include event, market, interest rate and inflation risks. The MELECOIN Token System (MTS) ICO is fashioned to raise funds by issuing pre-sales tokens which can be converted to physical gold. Hence, it is not for investment purposes.
STATEMENT OF COMPANY'S MISSION
MELECOIN finance projects to launch unprecedented Gold-Crypto-Debit Card concept (combining tangible gold, blockchain token and debit card on a digital platform). MELECOIN was incorporated in the United Arab Emirates.
MELECOIN incorporated will produce a 24k (one troy ounce) gold pre-paid debit card supported by MELECOIN token and backed by digital ownership of physical gold. The gold pre-paid card will be made from LBMA Refinery and can be used in ATM machines globally. Holders of MELECOIN card earn from transactions of other card holders. The more transactions members do with the card, the more gold the community members earn proceeds into their accounts.
MELECOIN PRE-ICO INVESTMENT
MELECOIN will follow legal guidelines and recommendations of United Arab Emirates laws in its pre-ICO and revolving ICO to ensure it doesn't contravene any applicable rules and regulations.
Subscribers will use fiat currency or approved crypto currencies like Bitcoin and Etherum to purchase MELECOIN gold (24k) debit card during the company pre-ICO. The funds realized during the pre-ICO will be applied towards covering operational costs.
MELECOIN has plans to issue limitless MELECOIN tokens in as much as there is demand for it and available gold bullion to support the coins within the period.
MELECOIN legal team will draft subscription documents which will be made available to subscribers to complete, for the MELECOIN tokens they want to buy.
A subscriber will be registered as a customer of MELECOIN token having passed all necessary KYC and AML verification and completion of subscription documents, and will have a personal Etherum based crypto wallet. Customers will pay for the tokens they ordered through fiat or crypto currencies and their payments will be cleared by accredited service providers before their account will be activated with the tokens they paid for. The number of tokens to be credited to the user will be appropriate to the net value of proceeds realised after conversion of fiat currencies.
MELECOIN TOKEN
MELECOIN token is an Etherum based token different from other traditional crypto tokens such as Etherum and Bitcoin. It is a hard stablecoin backed by a tangible pure gold asset. MELECOIN is a well structured and secured token. The holders of MELECOIN token become owners of pure gold asset which has a high value depending on the market value.
MELECOIN token will be tradable on secondary markets when it is approved and listed on crypto currency Exchange platforms, and can also be used as payment token and enhance peer-to-peer transactions.
Ownership of MELECOIN is authenticated by its listing and registration on Etherum blockchains.
MELECOIN tokens can be redeemed by its owners at any time through procedures described in its terms and conditions. Redeemed tokens are sent to blockchains to "burn" and be nullified.
FEATURES OF MELECOIN TOKEN
Evert MELECOIN token has a unique ID number that differentiates it from other MELECOIN tokens. The number guarantees the token's existence and authenticity in physical gold bullion. No two or more tokens has the same exact ID number.
Some other features of MELECOIN token include;
🔸Storage in a wallet that is connected to the or in a cold ledger that is not connected to the Internet.
🔸It is redeemable upon request at any time against the allocated Gold Bullion in an LBMA refinery.
🔸It is backed by tangible gold that protects against the depreciation of fiat currencies and manipulations of monetary regulations.
🔸It can be used as a form of payment as well as the debit card because both are supported by registered gold bullion in LBMA refinery.
🔸It serves as an immunity to potential economical and financial uncertainties, backed by historical record of gold as a proven stable value asset.
CONVERSION OF PRE-OWNED TOKEN
Users, whose KYC and AML procedures were approved can be allowed to convert their pre-owned bullion gold into MELECOIN tokens by their gold to LBMA Refinery. This process liquidates the gold and keep it in a much secured vault and makes it easier to be traded in a simpler way.
Only pre-ICO subscribers are offered this service.
STORAGE OF GOLD BULLION
MELECOIN Finance Ltd. has an agreement with LBMA Refinery to provide a storage vault where identified bullion gold will be stored on behalf of their respective owners. There are plans to establish such storage vault in Japan, Dubai, Canada, Singapore and Hong Kong.
MELECOIN Finance Ltd. will conduct quarterly audit of its storage vaults held by a custodian and also the company's gold inventory.
KYC AND AML PROCEDURES
KYC and AML verification are mandatory processes for all potential MELECOIN token subscribers. They must submit their KYC information and also declare their anti-money laundering status. The information will be retained by MELECOIN in accordance with their privacy policy.
The MELECOIN incorporated has engaged the services of external qualified financial service providers to conduct the KYC and AML verification process. A more thorough KYC and AML verification and audit may be conducted depending on the amount of tokens requested by a subscriber.
ACCESS TO CUSTOMERS WALLET
A MELECOIN client account is opened for any customer who successful completes the KYC and AML procedures and credit MELECOIN bank account with relevant funds for the tokens. The customer also provides his/her personal crypto currency wallet account where the approved MELECOIN tokens will be delivered through Etherum blockchain.
The wallet allows the users to make private electronic transfer without limitations. The wallet also helps to protect the user from internet hackers.
MARKETING AND COMMUNICATION PLAN
MELECOIN will apply all free and payable means of communication to spread information about the company impending ICO and its specifics. They adopted a 2 fold campaign. Thus,
🔻 They want to target Bitcoin and Etherum investors by presenting and advertising their ICO on all social media networks and chats and other means of communication on the Internet. Both on free and paid adverts.
🔻 They also target the world financial community through press releases.
MELECOIN ASSOCIATED RISK/DISCLAIMER
The white paper is not a contract document, it is for information and discussion purposes and no part of it is legally binding on the company.
MELECOIN token has some risk factors that it is associated with, just like every other token, and every subscriber needs to be aware of this.
The client undertakes that there will be risks associated with purchase, holding and trading MELECOIN tokens.
Only those who are fully aware of these risks are advised to participate in the ICO. They should know that participation in MELECOIN token ICO is to limitations imposed by laws and jurisdictions.
MELECOIN dissociate itself from any liability for any direct or indirect loss or damages of any kind arising from investing in MELECOIN. Thus, the MELECOIN token is not to be sold or distributed in locations where it is not allowed lawfully.
The white paper is not an invitation to invest, rather it is for information and discussion purposes and can be changed anytime.
Thus, there are some circumstances which the company will not be liable for, which include;
🔻 Using services not compatible with the applicable terms.
🔻 Defrauding of the user by third parties.
🔻 Indirect loss or damages of business/profits.
🔻 Mismatch between the buyers needs and services.
🔻 Damages to apps and systems installed by the users
🔻 Suspension of access to services.
🔻 Security incidents relating to use of internet, concerning alterations, destruction, loss, alteration, unauthorised access to users details on the Internet.
🔻 The MELECOIN gold card can only be purchased in fiat currencies from MELECOIN Finance Inc. Or through appointed local gold coin dealers which can be found at www.MELECOIN.com.
🔻 Failure, malfunctions and inaccessibility of services due to third parties or breach of buyers obligations.
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/
AUTHOR'S DETAILS
Bitcointalk Username: Movearmy
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2768203
Proof of Authentication: https://bitcointalk.org/index.php?topic=5293754.msg55847108#msg55847108
Eth Address: 0x52De5Bb527946Faec9FA79293894208dAbdDe6C5