Re: [ANN][ICO] Meridian Ⓜ️ | DIGITAL COLLATERAL 🚀 47 BTC Raised!
Meridian Weekly Update #6
The Meridian team is committed to slowly and gradually building infrastructure around the Meridian project to ensure that we enjoy a lengthy stay in this market.
First on the agenda is Accessibility.
This is perhaps the most level of the Meridian infrastructure as it as via this point that users will be brought into our ecosystem.
So we are placing immense effort and resources toward this area.
Second is Functionality.
Simply, once users have been brought into the ecosystem what comes next?
This is where the Meridian Loans Platform comes into play, and will be our single largest driver of value.
The argument can be put forward that there is only one reason to purchase a Meridian token i.e to secure a Bitcoin loan.
Thus, in absence of the ability to do this the door is left wide open for the value of the Meridian system to be brought into question.
Accessibility and Functionality are both core levels that will form the basis of the infrastructure that we are building around the Meridian Project.
As the road to exchange placement draws nearer to its end, we want to take this opportunity to bring you guys in on some key updates.
Meridian Loans Platform (MLP)
The centrepiece of the Meridian ecosystem is our Bitcoin Loans Platform.
For those of you who are new to the project, Meridian is a digital asset that is designed to be used in combination with Bitcoin.
Via our MLP Platform Meridian tokens can be used as collateral to secure bitcoin loans of higher value than the cumulative value of the MDN tokens initially pledged as collateral.
In addition to this, repayment rewards will also be served to users via the platform as incentive to build repayment history.
Demo: https://goo.gl/zgd8F6
Accessibility
With the above being said, we must note that the Meridian Loans Platform is the most important piece of the puzzle and, as such, the Meridian team is fully engaged in building adequate infrastructure to support its eventual roll out.
Distribution is a core component and will form the access level of the infrastructure that surrounds Meridian.
In short, providing adequate distribution channels (Exchanges etc.) will aide us in establishing an environment in which access to MDN Tokens becomes simplified.
This will reduce the steps that users need to take in order to secure a loan via our platform.
So we look forward to achieving exchange placement before the end of the month.
More Information
To learn more about how Meridian differs from the alternatives, you are invited to watch our three-minute Introduction film at https://goo.gl/VmTBbM
Learn more about Meridian at https://myMDN.io
Access Meridian Whitepaper at https://goo.gl/jqE7Me
Follow Meridian on Twitter at https://twitter.com/MeridianMDN
