ANALYSIS OF MELECOIN FINANCE
MISSION STATEMENT (GOLD - COIN - CARD)
MELECOIN is the pioneer crypto currency company to launch Gold-Crypto-Debit Card concept (combining tangible gold, blockchain token and debit card on a digital platform). The company was incorporated in the United Arab Emirates.
The quality of the gold is 24 Karat, weighing one troy ounce. MELECOIN will produce (LBMA Refinery) a pre-paid debit card that will be made from gold and can be used in ATM machines globally. The card enables its holders to earn from transactions of other holders. The more transactions members do with the card, the more gold the community members earn into their accounts.
MELECOIN BACKGROUND
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.
ABOUT MELECOIN TOKEN
MELECOIN token is the native token of MELECOIN Finance. It is an Etherum based token. MELECOIN is a stablecoin asset backed token that gives its holders ownership of pure gold which can be traded all over the world.
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 which 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.
Hence, gold is an asset that has a high intrinsic value, its demand will continue to increase worldwide and this makes MELECOIN a highly valued token because it allows its owners to possess physical gold which can be converted into any fiat currency all over the world.
TOKEN DESIGNS
MELECOIN tokens are designed to have a unique identity number which guarantees that a physical bullion gold is allocated to the token and also authenticates the token. The company forbids two or more tokens from having the same identity number.
Thus, MELECOIN tokens that have been allocated gold bullion are registered into crypto blockchain and transferred into the buyer's wallet.
OPPORTUNITY OF MELECOIN TOKEN ON ICO
The MELECOIN revolving ICO will be launched online. Subscribers whose KYC and AML were verified will be registered and qualified to open an account with MELECOIN tokens with their Etherum based crypto wallet. Later, the client will be called upon to pay for the tokens he/she subscribed for. This payment is made in fiat currency or approved crypto currencies and is transferred into MELECOIN bank account. The equivalent MELECOIN token of the approved payment will be deposited into the subscriber's crypto wallet.
MELECOIN tokens can also be bought through transferring any fiat accepted currency to the financial service provider bank. The KYC and AML verification will be done by the service provider and if the subscriber qualifies, the service provider will transfer the money to MELECOIN bank account. The appropriate MELECOIN token will be deposited in the client's wallet in equivalent to the money deposited. If there is any positive difference in favor of the client, it will be repaid back to the client.
CONVERSION OF PRE-OWNED GOLD
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.
KYC AND AML PROCEDURES
KYC information is a very important aspect required to be completed by MELECOIN subscribers, and they must also declare to be anti-money laundering.
MELECOIN engages the services of qualified financial service providers to conduct the KYC and AML for the company. A proper audit or background checks may be conducted on a client depending on the amount of tokens subscribed.
Directors and owners of legal organizations and companies also go through KYC and AML verification.
TOKEN RISKS
Every crypto currency has risks associated with it. Therefore, MELECOIN token has some risk factors that associate with it which every subscriber needs to be aware of.
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.
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 company may not be liable for any of the following;
🔸Use of services not applicable to company terms.
🔸 Failure, malfunctioning or unavailability of services due to breaches of third parties.
🔸 Disclosure and fraudulent use of user sign in details.
🔸 Suspension of services arising from request from judicial authority.
🔸 Damages to system apps and other items installed by the user.
🔸 Security incidents relating to use of the Internet.
🔸 The services may fail to match the needs of the customer.
🔸 The company is not responsible for any loss, alteration or destruction of the content of its structure.
🔸 MELECOIN gold cards purchase details can only be found on their website at www.MELECOIN.com.
USEFUL LINKS
Website: https://melecoin.net
Whitepaper: https://melecoin.net/images/wp/EN.pdf
Telegram: https://t.me/Melecoincommunity
Twitter: https://twitter.com/melecoin
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: Goldada
Forum Profile Link: https://bitcointalk.org/index.php?action=profile;u=2659339
P. O. A: https://bitcointalk.org/index.php?topic=5293754.msg55839924#msg55839924