Review on Melecoin by Orlymar Córdova
Melecoin, an ambitious project aimed at offering a token backed by a precious mineral such as gold.
Melecoin is another of the projects that, based on blockchain technology, aims to offer users a variety of services related to electronic commerce, banking and investments. One of the aspects that undoubtedly differentiates Melecoin from the rest is its token, which gives subscribers the advantage of having physical ownership of one of the most valuable assets on the market (gold), but in this case, avoiding the risk of having the need to store it or physically exchange it. With melecoin, they intend to create a fully decentralized ecosystem in which the MLC token, which is a token under the ethereum erc-20 standard, would be backed by a physical asset that has been used for many years as a method to invest as is the gold and could be exchanged for any token on the ethereum blockchain
In addition, another of its main objectives is to create an accessible environment so that digital commerce can reach the real world through the creation of dapps, gaming platforms and smart investments thanks to the fact that Melecoin allows establishing a connection between the physical and digital environment, ensuring and facilitating the trade of this asset worldwide.
This type of project brings a lot of reputation to the cryptographic environment, because users who are still skeptical of cryptocurrencies, can have the confidence that their tokens will be backed by a physical mineral that in recent months has been increasing in value frequently and that it will always have a good acceptance as an investment method.
Pros
- The MELE token would be backed by quantities of a precious mineral of great economic value such as gold.
- They offer an ideal environment to develop electronic commerce and bring it to real life so that both users and some companies can enjoy direct transactions in their p2p environment.
- Tokens can be stored in hot and cold wallets offering more powerful levels of security to choose from.
- You have many payment methods to buy your gold-backed token such as bank or debit card transfers and some cryptocurrencies.
- The platform has a very elegant interface with very well explained details about the project.
- Regarding its roadmap, the project has met certain objectives previously set.
Cons
- To date, the MLC token does not have much circulation in the market and does not have much liquidity.
- Even the token is not very well positioned in the CMC ranking.
