MELECOIN Platform, Gold-backed Cryptocurrency

The history of Gold

Gold was first discovered by a child as a shiny rock in a creek centuries ago. He alerted the locals and humanity in all its entirety was ushered to Gold for the first time. Gold was found in its natural purified state in water beds and streams across the globe. Its brilliance, appealing beauty, luster, malleability and permanence, that is its inability to wear out or tarnish made it a desirable commodity. Goldsmiths, Kings, noble men, and individuals of all races and creed craved for it and would do whatever it took to get it.

MeleCoin Platform

The currency will be used on promising projects, which will raise the currency to an even more profitable stage in the market. Thus MeleCoin will form a trust, which will attract people to invest in MeleCoin.

E-Commerce Platform: A platform built to provide a smart transaction system that will link all commercial activities, such as contracts, bonds, assets, goods, and services, with blockchain technology.

Bank Platform: A platform built to become a digital banking platform that allows people to trade money and open channels of multiple clouds, deposit, and transfer, with blockchain technology.

Real Estate Platform: The platform that will replace paperwork, such as contracts, etc., and make it a secure digital license on blockchain technology.

Games Platform: A platform that allows the creation of a fair game ecosystem, which allows distribution of profits to players.

Mining Platform: A mining platform that will support mining activities for the most profitable currencies.

Loyalty Program Platform: A loyalty platform that allows participants to get rewards according to their participation

MeleCoin: Gold-backed Cryptocurrency

MeleCoin is the same cryptocurrency as any other cryptocurrency, but MeleCoin is backed by gold, which allows users to secure their fiat currency in cryptocurrencies that are backed by gold.

But not only as an ordinary cryptocurrency, but MeleCoin is also an ambitious project which is a blockchain technology specializing in banking, investment, and e-commerce, which was founded by experts who have experience in their fields, especially in the crypto market. The goal of MeleCoin is to create a cryptocurrency ecosystem and solve the problems of electronic commerce, banking services, and smart investments - creating an ecosystem that allows crypto transactions to grow and establish projects linked to the blockchain.

MeleCoin Advantages
As we know that gold has been used for thousands of years as a symbol of prosperity, and now gold is used to be backed up fiat currencies, so that currency prices can be stable. But at this time physical gold is not convenient to carry, store, or trade directly, it is better to invest in cryptocurrencies that are backed by gold.

By developing MeleCoin we can achieve various possibilities that cannot be achieved with ordinary fiat currencies. All issues regarding security, authenticity, tracking, traceability, POE, counterfeiting, storage, and exchange can be resolved and handled.

Melecoin Token

Melecoin token is a perfect example of a hard asset stable coin. It should not be compared with other major traditional cryptocurrencies such as Bitcoin or Ethereum because it has a real commodity, “Gold” backing it and this is primarily to eradicate the volatility associated with other cryptocurrencies. With Melecoin token, the token holder automatically becomes the owner and holder of physical gold that would be tradable on the go. The value of Melecoin token will be directly pegged with the price of real gold. Technically, its price will depend on the daily fixing and price rating of “One Troy ounce gold.” The prices are determined by the price of the gold in London.

Melecoin token is also a payment or utility token, one that doesn’t require any third party to be spent. This means you can pay for subscriptions, games, store orders, air line ticket booking, you name it! This will encourage peer to peer transactions to take place both by individuals and by major international exchanges where Melecoin will be listed. I love blockchain technology because it is an open ledger, every transaction that takes place will be visible for every party to see, irrespective of their geographical location. This will foster traceability and authentication of ownership of each transacting owner. Melecoin token will make physical gold mobility, liquidity and traceability possible. Each Melecoin token will represent a MELECOIN gold coin

Melecoin Debit Card Pre-paid

Melecoin will also have a debit card which they will issue to any Melecoin token holder upon request. The card will have no spending limit and would be subject to conditions. The asset in the pre-paid debit card account will be backed by digital ownership title of physical gold. The card will be created and printed in Japan (LBMA Refinery) and will be fused with a complementary carbon fibre, the class used in ATM machines worldwide. Melecoin debit card will serve as a bridge between the fiat currency which an account holder needs at a given moment and the amount of gold they have in their debit card account. The investor will not be stranded, looking for a place to convert bulky physical gold into raw cash. The conversion will take place instantly with the swipe of the card