10.2 MELEE Token Features and Usage

MELEE Token is a utility token used for transactions and value transfer within the MeleeHub platform. The following are the features and usage of MELEE Token:

  • Payment: Users can use MELEE Token to pay for services provided by other users on the platform.

  • Transfer of value: Users can transfer value in the form of MELEE Tokens to other users within the platform.

  • Rewards: Users can receive MELEE Tokens as rewards for contributing to the platform. For example, users who provide computing power or storage space can receive MELEE Tokens as compensation.

  • Access to platform features: Some features of the platform may be available only to users who hold a certain amount of MELEE Tokens. For example, users who hold a certain amount of MELEE Tokens may have access to advanced computing resources.

  • Staking: Users can stake their MELEE Tokens to support the platform and receive rewards in the form of additional MELEE Tokens.

MELEE Token is built on the Ethereum blockchain and is based on the ERC-20 standard. This means that MELEE Token can be stored in any Ethereum wallet that supports ERC-20 tokens.

To use MELEE Token within the platform, users need to create a wallet and deposit MELEE Tokens into it. Users can then use the MELEE Tokens to pay for services, transfer value to other users, or stake the tokens to support the platform.

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