Melcor
Decentralized marketplace for trading real goods with crypto
What is Melcor? Complete Overview
Melcor is a decentralized marketplace that bridges the gap between cryptocurrency and real-world goods. It allows users to trade real items using digital assets securely and efficiently. The platform addresses the pain points of high transaction fees, lack of trust in peer-to-peer transactions, and limited usability of crypto in everyday purchases. Melcor targets crypto enthusiasts, online shoppers, and vendors looking to accept cryptocurrency as payment. With features like escrow protection, a decentralized messenger, and a referral system, Melcor provides a seamless and secure trading experience.
Melcor Interface & Screenshots
Melcor Official screenshot of the tool interface
What Can Melcor Do? Key Features
Decentralized Marketplace
Melcor enables users to buy and sell real-world goods using cryptocurrency. The platform ensures secure transactions through smart contracts, eliminating the need for intermediaries and reducing fees.
Order Protection
Melcor offers two types of order protection: escrow and deposit. Customers and vendors can deposit funds into smart contracts, ensuring that both parties fulfill their obligations before the transaction is completed.
Netsyde Token (NSD)
The NSD token is used for voting in the DAO, moderating the platform, and receiving rewards. It also allows users to pay for goods on Melcor without additional commissions.
Referral System
Users can earn commissions by referring others to the platform. This incentivizes community growth and rewards active participants.
Decentralized Messenger
Melcor includes a secure messenger for discussing orders and resolving issues, ensuring transparent communication between buyers and sellers.
Best Melcor Use Cases & Applications
Purchasing Fashion Items
A user can buy designer sunglasses or clothing listed on Melcor using cryptocurrency, with the transaction secured by smart contracts.
Vendor Selling Products
A vendor can list their products on Melcor and accept crypto payments, benefiting from reduced fees and secure transactions.
Earning Through Referrals
Users can earn commissions by referring friends and family to the platform, increasing their crypto holdings without additional effort.
How to Use Melcor: Step-by-Step Guide
Visit the Melcor website and connect your cryptocurrency wallet to the platform.
Browse the marketplace for products or services you wish to purchase or list your own items for sale.
Initiate a transaction by placing an order or accepting an offer. Funds will be held in escrow or deposited into a smart contract.
Use the decentralized messenger to communicate with the other party and confirm the transaction details.
Once the transaction is complete, the funds are released to the vendor, and the goods are delivered to the customer.
Melcor Pros and Cons: Honest Review
Pros
Considerations
Is Melcor Worth It? FAQ & Reviews
Melcor primarily supports WETH and other ERC-20 tokens. More cryptocurrencies may be added in the future.
Funds are held in a smart contract until both parties confirm the transaction is complete, ensuring security for buyers and sellers.
Yes, but NSD tokens provide additional benefits like reduced fees and governance rights.
Currently, Melcor is accessible via web browsers on both desktop and mobile devices.
Visit the Melcor website and follow the instructions to sign up for beta testing. Participants may receive rewards.