Review on Melecoin by gregori cordova
a project that promises to bring a natural resource as valuable as gold, within the reach of all
Electronic commerce in recent years has had exponential growth, due to the potential and functionalities it offers to connect different companies or businesses with future clients in a simple way, thus exchanging all kinds of products and services. The melecoin platform was born with the aim of becoming an electronic payment and investment method through blockchain technology so that users can not only carry out their transactions with total reliability but also have an environment in which to offer ICos to obtain financing for some projects . but without a doubt one of their most valuable proposals is that they offer a token that will have the backing of a real physical asset of great value such as gold, which has served as an investment method for centuries, and its price will depend of the value that this asset has in the market. Furthermore, users will be able to exchange this cryptocurrency more easily with other tokens under the erc-20 standard of which it is part. It is a project that allows to practically tokenize gold, making transactions with it totally digital and avoiding risk and impracticality when physically exchanging that asset in the real world. Basically it is an investment project, in which interested parties can buy the tokens on their website, make a kyc that can be more rigorous depending on the amount of tokens to be acquired, and when the tokens are credited, will open a personal account with your wallet address.
In conclusion, the project promises to become an investment platform where users can acquire tokens backed by a physical natural resource as valuable as gold, obtaining certain benefits when carrying out transactions and which also promises to launch visa cards, backed by that mineral.
Pros
- It is an erc20 token that can be easily exchanged for other tokens under that standard
- Melecoin tokens are backed by a high-value physical asset such as gold
- It is an ideal alternative for storing tons backed by a high value asset such as gold, without the need to physically possess them and avoiding the risk of loss or theft.
- Melocoin token holders will receive a certain amount of tokens as a reward
- Tokens can be stored in both a hot and cold wallet
- They have plans to offer a visa card, backed by gold
Cons
- They have very little liquidity in the market and it is only available in an exchange
- It is a very little known project without much support from the crypto community
- The project is still under development.
