Yes we have seen couple of token issuance platform but they are either (i) centralised or with access conditional to fee payments. The Meritt Protocol is unique because it allows the user to choose by themselves the features of their tokens (ie. whether it s a service backed token, an asset backed token or a financial contract token for financing and fundraising. Also with the Meritt Protocol users and token issuers choose the way they want their tokens to be distributed i.e. on chain or off chain.
MERITT PROTOCOL
Decentralized Fundraising & Token Issuance
From your explanation i am able to get some idea on how meritt protocol differentiate itself from its competitor.