MELX PriceMELInactive

What is MELX (MEL)?

MELX describes itself as a DAO focused on the "to earn" economy. MELX is an Ethereum-based token that lists DAO among its self-reported tags. MELX launched in 2018 and was listed on CoinMarketCap on May 5, 2021. The native token, MEL, fuels the MELX Network through a system of advanced token economics that ensures direct allocation and rewards from every project developed within the ecosystem. According to the project, its mission is to develop "to earn" concepts it says can drive mainstream crypto adoption. The project operates across games, advertisements, and activities, with a mission to create sustainable reward mechanisms for participants.

Key Specifications & Tokenomics

• Name: MELX
• Ticker / Symbol: MEL
• Blockchain / Platform: Ethereum
• Smart Contract (Ethereum): 0xed0889f7e1c7c7267407222be277e1f1ef4d4892
• Explorer: etherscan.io
• Launch Year: 2018
• CertiK Rating: 3.0
• Self-Reported Tags: DAO, Play To Earn, Web3
• Circulating Supply: 20,300,314 MEL
• Total Supply: 100,000 MEL
• Max Supply: 100,000 MEL
• Fully Diluted Market Cap: $108.7
• Market Cap: $22.07K
• Market Ranking: #999999
• Reported Pairs: 4; however, independent market data shows 0 valid markets and 0 active exchanges.
• Official Website: https://melx.io/
• Whitepaper: https://drive.google.com/file/d/1jA9_W_tBvjxGZHHXDBMbJaa9zP-tItd1/view
• Official X (Twitter): https://twitter.com/melxnetwork

Who created MELX?

MELX lists DAO among its self-reported tags; the materials reviewed do not document the governance or voting mechanism. Detailed public information about the founding team, individual developers, or core contributors is currently limited. The project operates as a decentralized autonomous organization, meaning governance and decision-making are distributed among token holders rather than a centralized entity. Within the MELX ecosystem, there are incentives for stakeholders who add value, including developers, marketeers, validators, and users.

How does MELX work?

MELX operates on the Ethereum blockchain. The network is designed to fuel the "to earn" economy through a system of advanced token economics that ensures direct allocation and rewards of every project developed within the MELX ecosystem. The project describes a token-economics system intended to allocate rewards from projects developed within the MELX ecosystem. The ecosystem is built around three core categories: games (play to earn), advertisements (create, interact and earn), and activities (create, participate and earn).

What makes MELX unique and valuable?

MELX distinguishes itself through its exclusive focus on the "to earn" economy. MELX focuses on the "to earn" economy, a sector it describes as emerging. 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 project states that stakeholders who add value are incentivized within the MELX ecosystem. The project also emphasizes advanced token economics that directly allocate rewards from every project developed within the network.

What is MELX used for?

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.

How Is the MELX ecosystem developing?

The MELX ecosystem is actively developing several "to earn" projects across its three core categories. Bike Battle is described by the project as its first click-to-earn game powered by MELX, combining designs and game features with powerful 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. The project states that the Melalie apps are live and downloadable in app stores; independent market data shows zero 24-hour volume and no active exchanges. 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.

Independent market data characterizes MELX as dormant, with zero 24-hour volume and no active exchanges; one exchange classifies the token as high-risk.

How to mine MELX?

MELX operates on Ethereum; the materials reviewed do not document a native staking or mining mechanism.

How to keep your MELX Coin safe?

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.