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 PLATFORM
MELECOIN incorporation has carefully selected projects that will elevate their currency market and reassure investors to invest in the currency. The projects will provide minimum risk and maximum profit.
Their platform include;
BANK PLATFORM
This is an electronic platform for trading money, such as deposit and transfer, and implementation of banking transactions using blockchain system technology.
MINING PLATFORM
This is one of the most profitable projects. It supports mining of the most profitable currencies according to the market studies.
LOYALTY PROGRAMMINING
This aims to establish trust between the trader and customer. It reduces the real fees to stimulate the customer's reward.
PRE-ICO INVESTMENT
MELECOIN follows legal guidelines and recommendations of UAE 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 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.
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 legal team will draft subscription documents which will be made available to subscribers to complete, for the MELECOIN tokens they want to buy.
TOKEN INTRODUCTION
MELECOIN token is an Etherum based crypto currency. It is different from other crypto currencies like Bitcoin or ETC, in the sense that MELECOIN is backed by a physical asset. It is a hard gold stablecoin that makes its holder an owner of pure physical gold. Its value depends on the market value of gold (fixing of troy ounce gold).The MELECOIN will be traded on Etherum and Bitcoin blockchain, this authenticates its ownership and guarantees its traceability. This enhances its liquidity and trading.
MELECOIN token has some features that makes it unique from other crypto currencies and can be traded anywhere in the world after its listing in the Etherum Exchange platform and blockchain.
TOKEN UNIQUENESS
Every MELECOIN token has a unique number that differentiates it from every other token. The ID number also proves its existence and authenticity in Bullion Gold Refinery.
PRE-OWNED GOLD CONVERSION
Participants who qualify the KYC and AML verification are entitled to own gold bullion. They are given the opportunity to convert the bullion gold into MELECOIN tokens by delivering the gold to LBMA refinery.
This opportunity is offered to pre-ICO subscribers.
ACCESSING WALLET
A wallet is an electronic account opened on the Internet which allows the owner to do transactions privately online.
Once a customer completes registration and gets approval of his/her KYC and AML procedures and also makes relevant payment to the company's bank account for the MELECOIN tokens applied for, the tokens will be transferred to the crypto currency wallet of the customer through Etherum blockchain. The tokens can be stored in the wallet provided it is of Etherum standard.
These tokens are protected from being stolen from the customers by storing them in their wallet.
KYC AND AML VERIFICATION
The participants of MELECOIN Finance will be required to submit KYC and AML information about their background. A more thorough KYC or audit may be required from a subscriber depending on the quantity of MELECOIN tokens applied for.
MELECOIN has engaged the services of qualified financial service provider to conduct the process
DATA PROTECTION AND PRIVACY POLICY
The company has developed its Privacy Policy which will be in accordance with the new European Union General Data Protection Regulation. This will help to protect both clients and company data and privacy.
RISK ASSOCIATES
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.
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 white paper and other documents linked to this project should not be transmitted in areas where the MELECOIN token is not authorised to sell.
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.
CAVEAT
Any buyer of MELECOIN tokens and goods/services should acknowledge the challenges and risks existing in the cryptosystem. Hence, MELECOIN will not be 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.
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: Nesanens
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2767345
Proof of Authentication: https://bitcointalk.org/index.php?topic=5293754.msg55881469#msg55881469
Eth Address: 0xEC77d8EF19da5DC6e60f306B625378aeBeafe9e2