FAQ


What is Meridian?
Meridian is a digital asset that is designed to be used in tandem with Bitcoin. Units of Meridian [MDN] can be used as collateral to secure Bitcoin loans via our hub, you are able to earn bonuses and rewards for completing loan repayments.

Who is eligible to receive a loan?
Collateral and repayment requirements will vary based on your repayment history. Users that are able to meet these requirements are eligible to receive a loan.

How can I buy some Meridian?
Units of Meridian [MDN] can be purchased during our ICO on October 12th 2017. After the presale MDN will be tradeable on all digital currency exchanges.

What is the procedure for applying for a loan?
You can apply for a Bitcoin loan once our platform is live and receive instant approval if you meet eligibility requirements.

Are there any consequences for non-repayment?
Overall, due to the bonuses and rewards that are available, more financial benefit is derived from maintaining and building a solid history of loan repayments. Borrowers who fail to repay their loans forfeit their collateral and are banned from the service.

What safety measures are in place to prevent abuse?
Due to Meridians’ ability to appreciate in value, it is perfectly moulded to perform its role as digital collateral. Should a borrower fail to make repayments, funds will be recovered via value appreciation of the forfeited collateral.

How many times am I able to receive a loan?
Each completed loan repayment boosts your value as a borrower, and provides you with access to higher value loans. However, you can only receive one loan at any one time.

Are loans paid out in Meridian (MDN) or in Bitcoins?
All loans are paid out in Bitcoin, provided that the required amount of Meridian is pledged as collateral.

Can I use any currency as collateral?
The only accepted form of collateral is Meridian [MDN]

Can third parties issue loans through the Meridian service?
We are not asking, encouraging or soliciting outside lenders to participate in the Meridian project. The responsibility of furnishing bitcoin loans rests solely on the Meridian team.



BLOG

• Welcome. This is Meridian.
• The Symbols of a Symbiotic Relationship
• Digital Collateral Explained
• UserBase:  The most important component of a digital asset
• The Destination is Disintermediation


PRESS

• The Evolution of Digital Assets
• The Blockchain and Digital Collateral
• Using Digital Assets to Secure Bitcoin Loans
• Networks are Becoming the New Corporations
• Digital assets and Globalisation go hand in hand