What is Melon Coin (Has Melon Wallet Closed)?

What is Melon Coin? According to official sources, Melon Coin (XRabbit) is a di

What is Melon Coin (Has Melon Wallet Closed)?

What is Melon Coin? According to official sources, Melon Coin (XRabbit) is a digital asset based on the Ethereum network. Its value comes from the digital currency obtained by users through transactions – namely Melon tokens. It is reported that Melon Coin has been active and continuously growing since its launch. Currently, it supports various mainstream cryptocurrencies including BTC and ETH.

In addition, as a decentralized digital payment method, Melon Coin also has the characteristics of transparency and can provide secure and reliable payment services for hundreds of millions of users worldwide who do not have bank accounts. It realizes functions such as peer-to-peer payments and barrier-free circulation of funds.

Has Melon Wallet Closed?

Melon Wallet recently announced in a statement that it was temporarily dissolved due to the project’s “non-cooperation”. It is known that the website was launched on April 15th this year and has accumulated over one million registered users since the end of May.

According to the information disclosed on its official website, nearly 30 domestic exchanges have been blocked and unable to log in. In addition, the wallet officially ceased operations on June 29, 2018. In early 2020, the team announced the upgrade of the blockchain asset wallet called “Melon Wallet (XueBi.io)” to the “Melon Digital Ecological Chain” and planned to open testing in July. What exactly is Melon Wallet? According to public information, Melon Wallet is an innovative cryptocurrency trading tool initiated and established by the China Internet Association. It attracts investors through the issuance of digital tokens, aiming to become a pioneer in the global leading digital financial service platform. Previously, the wallet has also cooperated with multiple blockchain companies, including Tencent Cloud and the investment company Xinghuo Aixing founded by Zhu Jiaming, co-founder of WeBank, as well as Baidu’s super node strategic investment institution, Sequoia Capital India. (Wu Blockchain)

In addition, Melon Wallet has recently announced its offline list, including “Spot”, “Contract”, “Mining Pool”, “DApp”; “Swap”, “Mining”, “NFT”, as well as “Livestreaming” and “Gaming”.

Melon Wallet states that it will continue to deepen the blockchain industry on the technological level in the future.

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