The world of crypto is booming! As of last year, there were at least 1900 cryptocurrencies, and while some names may be more familiar to you than others, we’d like to introduce one of the newer cryptocurrencies that made its debut just this February. Even though its only been listed on digital currency exchange (DCE) for a few months, the records and strides ME Token has achieved in that time are well worth mentioning…
What is ME Token?
ME Token (otherwise referred to as ME) is a cryptocurrency used within the new-generation social network all.me. Whereas some big-name social networks are just now creating an internal cryptocurrency of their own, all.me was there from the start and ME was an integral part of the network’s foundation – hence the name: all.me
The token itself was listed on the CoinAll exchange on February 11, 2019. CoinAll is a brand new exchange that also maintains a strong collaboration with OKEx. CoinAll’s system is completely incorporated with OKEx. In lamens terms this lets traders sign up and trade on CoinAll with a single account without any additional formalities. As of today, ME can be exchanged for BTC and USDT.
Here’s a quick breakdown of some helpful figures:
- Token price upon entering the market: $ 0.014
● Token price at the time of writing: $ 0.10
● Total number of tokens: 10 000 000 000
From these stats, we can deduce that less than two months after being listed on the exchange, ME Token price increased by 1000% and is likely to continue to grow. The fact is that the cost of ME is influenced not only by the interest in the token itself but also by the number of users on the social network all.me. As more people begin to interact with the token, the more relevant it will become.
To give you a more comprehensive picture, these are some quick facts about all.me social network. The points listed below are mainly those features that distinguish the platform from others:
- All.me positions itself as allowing users to earn up to 50% of ad-generated revenue
● Payments are made internally using ME
● Includes a trading platform (meMarket) that allows users to buy and sell products from each other (C2C) as well as directly from international brands (B2C)
● Features a FinTech solution (mePay) that brings together blockchain technology, digital assets, electronic money, as well as classic payment services.
● Users can store earnings, withdraw or deposit funds on their meWallet. Each account comes with its own online wallet. By using an internal billing system, transactions can be performed instantly without commissions within the network.
In addition, users have the option of connecting their meWallets to an Etherum wallet. Don’t let these points intimidate you. At its core, all.me is a more advanced version of the social media channels that you know but with all the familiar fun and comforts. The difference is while you create content, like, share, comment and message your friends – you earn ME. Not bad for social networking – wouldn’t you say?
What’s the difference between ME Token and ME Money?
Ok. So we know you’ve only just wrapped your head around a new kind of cryptocurrency – ME Token, but now it’s time to talk about ME Money. No virtual currency can perform payment functions without a link between digital assets and the traditional financial system. On all.me, the link is Me Money. ME Money is what connects the token with the traditional financial system.
Essentially, ME Money is electronic money secured by a fiat asset as an additional means of payment, the release and circulation of which is regulated in accordance with respective
European Union legislation. All.me maintains all necessary licenses that allow the network to legally perform monetary transactions. This is actually to the benefit of all ME Token holders because it helps avoid the risks associated with the volatility of exchange rates.
With all.me, users can take advantage of a social network, trading platform, payment service all in one application. Having an accessible and easy-to-use app sets ME up to occupy a substantial niche in promising digital markets, especially in parts of the world where crypto has begun to play a more major role.
ME Token and ME Money together create a new ecosystem based on financial technologies with a ready-made and working infrastructure that entices users and simplifies their daily life by automatizing transactional processes.