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View ChartThis article covers MELX (MEL), the "to earn" economy project; it is distinct from the Mel Project, which focuses on security and trust in off-chain applications. MELX (MEL) is an Ethereum-based token launched in 2018; the project describes its governance as a DAO in which voting rights are distributed pro rata to MEL holders. The network focuses entirely on the growing "to earn" economy, providing its holders with staking rewards and governance power. The native token, MEL, fuels the MELX Network. The project states that its token economics allocate rewards from every project developed within the MELX ecosystem. MELX aims to develop "to earn" concepts that can disrupt how people live their daily lives in a positive way, ultimately driving mainstream crypto adoption. The project operates across games, advertisements, and activities, with a mission to create sustainable reward mechanisms for participants. MELX is also listed under the name "Melalie" on several price aggregators, including CoinMarketCap (slug: melalie).
According to CryptoSlate, MELX reports 4 trading pairs but currently has 0 valid markets and 0 active exchanges.
MELX is governed by the MELX DAO, with voting rights distributed pro rata to MEL holders; the project has not published a named founding team in the sources reviewed. Within the MELX ecosystem, there are incentives for stakeholders who add value, including developers, marketeers, validators, and users.
MELX operates on the Ethereum blockchain and is governed by the MELX DAO. The network is designed to fuel the "to earn" economy. The project states that its token economics allocate rewards from every project developed within the MELX ecosystem. Token holders receive staking rewards and governance power proportional to their holdings. The DAO structure allows MEL holders to participate in decision-making processes that shape the future direction of the network. The ecosystem is built around three core categories: games (play to earn), advertisements (create, interact and earn), and activities (create, participate and earn).
MELX distinguishes itself through its exclusive focus on the "to earn" economy. The project's mission is to develop concepts that can disrupt daily life positively and drive mainstream crypto adoption. Unlike many projects that concentrate solely on gaming, MELX expands its scope to include advertisements and general activities, creating multiple avenues for participants to earn rewards. The MELX DAO structure is designed to incentivize stakeholders who add value, creating a self-sustaining ecosystem. The project also emphasizes token economics that, according to the project, allocate rewards from every project developed within the network.
MEL serves as the cryptographic token that fuels the entire MELX Network. Its primary utility includes staking rewards, governance participation, and access to the various "to earn" projects within the ecosystem. Holders can stake MEL to earn rewards while also gaining voting rights in the MELX DAO. The token is integral to the reward mechanisms of ecosystem applications such as Bike Battle, a click-to-earn game, and Melalie, a peer-to-peer mobility marketplace. As the network expands into games, advertisements, and activities, MEL will continue to function as the central medium for value exchange and incentive distribution.
According to CryptoSlate, MELX currently shows 24h volume of $0.00, 0 valid markets and 0 active exchanges, and is classified as "Dormant"; the projects described below are the ecosystem's stated plans. Bike Battle is described by the project as its first in-house click-to-earn game powered by MELX, combining designs and game features with tokenomics and reward mechanisms. Melalie is a peer-to-peer mobility marketplace where people can rent vehicles from each other without intermediaries, reducing vehicle downtime, pollution, and traffic. According to the project, the Melalie apps are live and can be downloaded from the app stores. MELX is also working on advertisement-based and activity-based earning models, aiming to create a comprehensive ecosystem that rewards users for their participation and contributions.
MELX is not mined through proof-of-work; according to the project, holders can stake MEL to earn rewards and gain governance power in the MELX DAO. The project states that its token economics allocate rewards from every project developed within the MELX ecosystem. This staking model is designed to incentivize long-term holding and active participation in the network's governance and development.
To keep your MEL tokens safe, store them in a reputable wallet that supports Ethereum-based assets, such as hardware wallets or well-established software wallets. Always verify contract addresses before interacting with any token, and be cautious of phishing attempts or unofficial links. Since MELX operates on Ethereum, ensure your wallet is compatible with ERC-20 tokens. For additional security, consider using a hardware wallet for long-term storage and never share your private keys or seed phrases with anyone. Regularly monitor official MELX communication channels for updates and security advisories.
MELX, like other crypto assets, carries risk. Its price can be volatile, and market conditions can change quickly. Regulatory treatment of crypto assets varies by jurisdiction and may affect how MEL can be used or traded. Technical risks, including smart contract vulnerabilities and wallet security, also apply. The points above describe the project's stated design and should not be read as guarantees of performance or safety.
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Thank you for your interest in BTCC. Currently, spot and futures trading services for MEL are not supported. As a leading digital asset platform, BTCC is committed to providing a secure and stable trading environment. We recommend completing your account registration and identity verification (KYC) to explore other premium assets and exclusive benefits available on BTCC.
As of right now, the live price of MELX (MEL) is C$0.001536. Its market price fluctuates in real time based on overall supply and demand, and you can check the updated MEL to USD rate at the top of BTCC’s price page. In terms of market scope, MELX records a 24h trading volume of C$0 (reflecting total buying and selling activity over the last 24 hours), with a total market cap of C$31.179146K. Its current circulating supply stands at 20.3M out of a maximum supply cap of 100K.
The price volatility of MELX (MEL) is essentially driven by market supply and demand dynamics. Key factors behind its price movements include: 1) Global macroeconomic conditions and sentiment, such as Bank of Canada or US Fed interest rate decisions; 2) Tokenomics, including the ratio of circulating supply (20.3M) to max supply (100K), as well as token unlocks and burn mechanisms; 3) Fundamental developments, such as ecosystem expansion, on-chain activity, and core protocol upgrades; and 4) Derivatives market dynamics, including leverage battles and liquidation cascades in perpetual contracts.
Looking at its historical price performance, MELX (MEL) hit an all-time high (ATH) of C$0.21953 on 2021-05-06 02:35, representing the peak of market sentiment. Conversely, its all-time low (ATL) was recorded at C$0.000758 on 2022-11-25 07:15. Note that historical highs and lows reflect past performance only and do not guarantee future price trends; investment decisions should always align with live market conditions and your personal risk tolerance.
When trading MEL futures on BTCC, technical chart analysis begins with identifying key support and resistance levels on 1D and 4H charts using historical price pivots. Next, apply MA/EMA indicators to gauge trend directions, alongside RSI (values above 70 indicate overbought conditions, while below 30 suggest oversold levels). Always validate breakout signals with the 24h trading volume (C$0), as price breakouts accompanied by strong volume offer higher reliability.
Unlike spot trading where you can only profit from rising prices, BTCC’s MELUSDT perpetual contracts support two-way trading. If you anticipate a price decline for MELX, simply log into your BTCC account with USDT margin available, navigate to the MELUSDT pair, set your desired leverage and Take-Profit/Stop-Loss levels, and click "Sell/Short". Once the price drops to your target, close your position to lock in profit from the price difference.
Yes. BTCC offers flexible, high-tier leverage options for MELUSDT perpetual futures, providing up to 500x leverage (maximum leverage limits may vary depending on liquidity). While leverage boosts capital efficiency by allowing you to control larger position sizes with less margin, it also amplifies liquidation risks proportionately. BTCC strongly advises using Stop-Loss orders to strictly manage risk when trading with high leverage.
Beginners and traders testing new strategies can switch to BTCC's "Demo Trading" mode with a single click on the App or Web interface. The demo account comes pre-loaded with risk-free virtual funds (such as 100,000 USDT). Powered by live market prices (current price: C$0.001536), you can practise opening/closing positions, adjusting leverage, and setting TP/SL for MELUSDT with zero financial risk.
Trading MELX (MEL) on BTCC requires just 4 simple steps: 1) Register a BTCC account and complete basic Identity Verification (KYC); 2) Buy USDT using fiat via credit card/express payment, or deposit USDT/BTC directly from an external wallet; 3) Navigate to the Futures section, search for MELUSDT, and review its live price (C$0.001536) and chart; 4) Select your margin mode and leverage, choose "Buy/Long" or "Sell/Short" based on your market outlook, set TP/SL orders, and confirm your trade.
Cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks. The content expressed on this page is not intended to be and shall not be construed as an endorsement by BTCC regarding the reliability or accuracy of such content. You should carefully consider your investment experience, financial situation, investment objectives, and risk tolerance, and consult an independent financial adviser before making any investment. This material should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. BTCC is not responsible for any losses you may incur. For more information, please refer to our Terms of Use and Risk Warning. Please also note that data relating to the above-mentioned cryptocurrency presented here (such as its current live price) are based on third-party sources. They are presented to you on an “as is” basis and for informational purposes only, without representation or warranty of any kind. Links provided to third-party sites are also not under BTCC’s control. BTCC is not responsible for the reliability or accuracy of such third-party sites or their contents.
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