Meritt is token issuance platform that allows users of all technical levels to very easily create tokens by themselves and without the need for a development team. The token acts as a payment channel, voting channel, communication channel. In addition the token issuer can set up policies as to how the token can be traded - e.g. private/public/community.

Community Use Case

In one example, a community of residents of a block of flats can create a community token with voting rights attached to vote on the use of funds. For example, a token sale can be easily launched and managed on the Meritt Protocol Alpha dApp. A trusted community can create its own tokens and sell them to members to fund a project that benefits the entire community. The community issuer decides on rights attached to the tokens held by the members, these could be voting rights for members to vote on the use of the total funds, or dividend rights from profit made. So, a community can use their token propose install of solar panels atop their shared roof. Once enough votes are achieved, the funds can be dedicated to installing the solar panels, and token owners can even receive dividends if excess electricity is sold back to the grid (or just get their money back a little sooner).

Business Use Case

An individual or small business can create a loan or equity token in order to raise funds. In the instance of a loan, the repayment schedule is recorded and automatically executed via smart contracts. The payments or lack of payments are visible on the blockchain and will either impact the scoring positively or negatively as per a normal credit rating system. This enables reputation building in order to list and improve the likelihood of selling the loan token and therefore successfully raising the funds. In the instance of an equity token, instead of a repayment schedule the business can commit to dividends from profit