The MELECOIN Token Pattern for Bridging the gap between Cryptocurrencies and Gold

aamavi (25)in #gold • 4 years ago

While the cryptocurrency community has been going gaga because of the continued drive for cryptocurrency and fiat interoperability; more efforts need to be made.

The purported interoperability between the cryptocurrency and fiat currency world isn’t something that is limited to only trading the assets in different pairs. Rather, it is time to create more formidable opportunities that will increase the Fundamental Analysis (FA) of crypto coins and tokens that are paired to fiat currencies.

What many cryptocurrency investors have serially overlooked is the possibility of trading or acquiring gold with crypto tokens. Indeed, that is a powerful fundamental that will be of immense benefit to both cryptocurrency traders/investors, as well as gold investors.

That is why I am pleased with some of the features pioneered by the MELECOIN Token. As a financial instrument of the broader MELECOIN ecosystem, the MELECOIN Token will be used for both cryptocurrency transactions and for creating more income opportunities for gold investors.

 The MELECOIN Gold Coin

The broader MELECOIN ecosystem is filled with a variety of opportunities for people who are interested in both cryptocurrencies and gold investments. I will try as much as possible to inform you of some of the opportunities that await you when you use the MELECOIN ecosystem for any decentralized transaction.

First, I want to mention that there is an underlying MELECOIN Gold Coin, which is a dedicated crypto coin that represents a gold bar. That is because the overall purpose of the MELECOIN ecosystem is to create a system through which you can acquire gold bars, especially with crypto coins and tokens.
In light of that, the MELECOIN Gold Coin will serve as a crypto coin that represents the value of the gold bar you have acquired by purchasing the MELECOIN Token.

More so, the MELECOIN Token will in the coming years, become a standard for physical gold trading all over the world.

    Traceable Gold Transactions

One of the challenges gold investors are looking to overcome is tracing their trades. It is quite hard for you to dictate the direction of the gold transaction you are embarking on.
Besides, you will later discover that it is not easy to trace the gold transactions you made. And that is one of the reasons why some gold investors have been ripped off because they could not find out the flow of their transactions.

However, there is a better way to record your gold-backed transactions with the new model introduced by the MELECOIN ecosystem.
First, all the transactions are enforced and registered on both the Ethereum and Bitcoin blockchain networks. As such, you are confident that you can always trace and authenticate such transactions. And in scenarios that your ownership of gold is questioned, you can always refer to the blockchain registry to lay claims to your ownership of the asset.

   Real-World Implications

The implications and advantages of the MELECOIN Token include the traceability, tradable and peer transactions of gold, via the MELECOIN Token.

If you want to enjoy the best of both worlds (cryptocurrencies and gold trading), I am sure you already know where to derive those services – the MELECOIN ecosystem.