Review on Melecoin by Robiul Islam
It will be used in a range of promising projects.
It is a hard resource stablecoin and ought not be mistaken for conventional digital currencies, for example, Bitcoin or Ethers, which are not backed by any unmistakable resource. Given that the Token holder turns into the immediate proprietor of unadulterated physical gold and that no investment vehicle, product, investment fund, or any sorts of SPV or endorsement exists. The estimation of a stablecoin straightforwardly relies upon the market estimation of the physical resource, specifically gold.
The Token is additionally an payment token with no delegates encouraging p2p exchanges and tradable on optional business sectors when it gets recorded on affirmed global crypto currency exchange platforms.
Moreover, since all token transactions will be enrolled into the Bitcoin and Ethereum blockchains, detectability and validation of the proprietorship is ensured by such blockchains. This is will empower physical gold versatility, liquidity and exchanging as every Token speaks to a Gold Coin.
By and large, It can possibly turn into another way gotten proprietor of physical gold that would be tradable around the world.
Pros
- It tends to be utilized as a type of payment as both are upheld by a similar enrolled gold bullion in a LBMA processing plant.
- Tokens are supported by physical gold that is a fence against, fiat monetary standards that devalue with expansion and financial controls and guidelines.
- Token holders will have the option to reclaim their tokens whenever for its dispensed Gold Coin esteem.
- Whitepaper has been written in many details where a good idea about the project can be taken.
- Detailed roadmap with marked milestones.
Cons
- I've no concerns about Melecoin at the moment but it remains to be seen how successful they may be in the future.
