If you have any more questions, feel free to join our TG + Discord, and our admins are happy to address any of your concerns!Īnd last but certainly not least! 10. You can read more about gMELD and MELD in our docs □ĩ. That being said, we think it's important for everyone to know what's happening under the hood.Ĩ. As we're all about creating the best UX, gasless transactions are coming soon to the entire MELD ecosystem, which means gMELD won't be something you have to worry about anymore. If you wrap all of your gMELD into MELD, you won't be left with any gMELD to pay for gas and you won't be able to unwrap the MELD back to gMELD either!ħ. Make sure you always leave a small amount of gMELD in your wallet to pay for transaction fees. Hey there, Im Youssef.Born and raised in Morocco, I was lucky enough to travel the world as a young child and spend many of my holidays in breathtaking countries and beautiful hotels. $MELD will be transferred to the bridging smart contract.Ħ. GMELD will be spent to pay the gas fees for the transaction. If a user wants to bridge their $MELD on the MELD Blockchain to Cardano, they will need to hold both gMELD and MELD. In Q4 2021 MELD will, simultaneously with our protocol launch, airdrop the MELD tokens rewarded to all of our participants in our ISPO. Hence, the price of both tokens should always be the same.ĥ. MELD is running an airdrop campaign to give away free MELD tokens to its community members and early adopters. You can wrap your gMELD to MELD in order to interact with your favorite Dapp OR unwrap MELD to gMELD if you're running low on gas. As MELD is the ERC-20 representation of gMELD, they are interchangeable 1-for-1. Uniswap automatically converts your ETH for wETH when it processes the swap so that you don't have to do this yourself, but it still happens.Ĥ. You've actually been swapping wETH for other tokens this entire time. If you think you swap ETH for other tokens on Uniswap, think again. This is the representation (hence "wrapped") of gMELD in the form of an ERC-20 token, which makes it compatible with all Dapps and protocols.ģ. MELD → The bridgeable, stakeable, and swappable version of the $MELD token which is used for DeFi. This is strictly used to pay for gas fees.Ģ. gMELD → The native coin of the MELD Blockchain. Meld Gold assets are accepted by a growing number of apps across the Algorand ecosystem, including wallets, DeFi platforms and more. GMELD MELD conversions are now live in the MELDapp □ Here's an overview below of why these two tokens exist and their respective utilities.ġ.
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