It is a legacy version. If you find a cheap used license (license transfer allowed), grab it, but Celemony no longer updates it. Upgrade to Studio.
If you load a piano chord, Melodyne 5 Essential will blur it into a gray blob. You cannot separate the notes. This version is great for vocal tuning only, but frustrating for anyone working with instruments. melodyne 5 versions full
Includes Multi-track Note Editing , allowing you to see and edit multiple tracks (like lead and backing vocals) in a single window. It also provides a dedicated Sound Editor for adjusting the spectral character of your recordings. Quick Version Comparison Monophonic Editing Full Toolkit (Vibrato/Formants) Sibilant Detection Polyphonic DNA Multi-track Editing Try Before You Buy It is a legacy version