@chakhighThanks! Yes, that's the ideology behind the project. We really want to avoid confusing people with unnecessary layers of technical jargon.
Whilst many people in the digital asset sphere are highly technical and in-tune with software development - we have chosen not to alienate those who aren't entirely savvy when it comes to the technical elements of digital assets.
With this being said, we are well aware of the fact that digital assets have the ability to be used to eliminate several non-necessary processes that average, everyday people conduct on a daily basis.
In the case of Meridian, we are tackling the
distribution of Bitcoin loans and the
tracking of these loans - handled by the Meridian Blockchain which will be used as the main verfication mechanism.
Adding to the above, we are also deploying a layer of
security for all Bitcoin Loans served on our platform: Digital collateral.
Simply, when a user requests a Bitcoin Loan - there will be a requirement for this user to supply a specified amount of Meridian Tokens which will be held as security for his/her loan.
Upon successful repayment, the collateral is released - and the user is rewarded with a boost in CreditRank, which will ultimately provide him with broader access to loans in the future.
Should a user fail to complete their repayments, the collateral is absorbed into the Meridian Reserve - and ultimately released into the market to recover losses.
In the situation described above, a greater amount than was initially lent may be recovered due to value appreciation of Meridian - however the opposite of this can also occur.
So there is still an element of risk for lenders, but through this use of Digital Collateral - risk is
drastically reduced, especially when compared to the current group of online P2P Lending services that aren't distributing secured micro loans.
Essentially - we want to provide a reason other than price speculation that will cause regular, every day users of digital assets to become
habitual users of MDN Tokens.
We're confident that this will be achieved via creating this strong link between Meridian and our Bitcoin Loans service.
Demo: Check out the MLP Demonstration@capcayproHey there! We're excited that Meridian has caught your interest, and glad to have you here.
No Pre-Sale.
The ICO Begins 16 Days from today, on October 12 with a hard cap of $15 Million
@lenyroHey! Glad that you have taken an interest in Meridian.
As mentioned above the Meridian ICO Starts on October 12th, with a hard cap of $15 Million
We will be releasing a team video shortly, from Meridian HQ in which we will dive into the ideas behind the project, the benefits of Digital Collateral in general - and how all of this ties in to the launch and long-term maintenance of a successful digital asset.
So please be sure to bookmark this thread and drop back in here regularly, as the video will be released shortly.
We look forward to seeing you around
15 M hard cap, it seems quite good project, small market cap can bring more profits to investors.
