[ANN][MDN] Meridian Ⓜ️ | DIGITAL COLLATERAL | Bitcoin Loans Platform (MLP)

[MakersONE]

I would very much like to receive an answer from the team, not how, but WHY left 51 million tokens, and how they will be distributed.

Thanks,

Your logical approach is appreciated. The reasons that you have given for your inquiry are understandable.

As it happens, answers to this question were provided approximately one month prior to our sale.

See the link below.

Supply Distribution

Our initial total supply was 125 Million, with 75 Million being offered for sale during our ICO.

Due to us only selling approx. 360,000 MDN tokens - our pledge was to burn all of the tokens that were left unsold.

Subsequently, we issued a brand new token contract with 74,640,000 less tokens - and a new total supply of 51 Million.

To see how the supply will be used and distributed read the supply distribution article linked above

The Meridian Team

I'm glad that you answered so quickly. I already read this article earlier. Now I have read it again, and I have even more questions.
Let's think logically:

The total amount collected on ICO means - 47.281604 BTC, which is equivalent to 385,136.80 USD
Basically, investors bought tokens in the first days of the ICO to get the maximum bonus, but without taking into account bonuses, the approximate number of MDNs purchased is 236408.02. As far as I remember, the initial number of bonuses was 20%, and eventually decreased. Let's assume a small error - just take the maximum number of bonus tokens 236408.02 * 20% = 47281.604 MDN (9.4563208 BTC). Accordingly, the maximum total number of coins sold on the ICO including bonuses = 283689,624 MDN token.
For the convenience of calculations, we can round up the number to 285,000 MDN.

According to your data, 75,000,000 MDNs were allocated to the ICO, 285,000 MDNs were sold out of them, respectively, all other tokens (an approximate amount of 74,715,000 MDN) should be burned.

Well, we sorted it out. In addition, there is an advertising bounty campaign, with a pre-reserved number of coins in the amount of 1,000,000 MDN.
It turns out that the total number of coins divided between all participants of the campaign bounty and 251 investors - 1 285 000 MDN.

Now we pass to the most important thing. The article you showed us all says that:
Allocated to the Meridian team: 15,000,000 MDN (3000 BTC)

I will not talk about the moral and ethical side, but it does not seem strange to you that you leave for your team about 63 times more than you could collect at your ICO?
Advisors & Partners: 6,000,000 MDN (1,200 BTC)

During the early stages of launching Meridian related services; assistance and advice will be sought from third parties such as engineers, accountants and lawyers in relevant jurisdictions. For continued guidance and support from third party contributors 6,000,000 MDN is reserved.

Really? I certainly assume that the advice of lawyers and experienced engineers and consultants is quite expensive. But 6 million MDN = 1200 BTC, which is about $ 12 million at the current exchange rate. Many projects, and you including so many have not collected such a huge amount on your ICO, but do you allocate it for consultations?
Early Participants: 9,000,000 MDN (1800 BTC) -

Bonuses are to be offered during the Meridian ICO. To cover this; 9,000,000 MDN has been reserved. All participants in the bounty campaigns and ICO are able to redeem their tokens by registering on our main website; ico.mymdn.io

Quite right, the tokens are allocated for bonuses, but as I already calculated, about 47281,604 MDN (9,4563208 BTC) were spent from them, but not 9 million. And what about the rest of the coins, why are they not burned as well?
Is this such a joke?

But this is quite interesting:

Bounties & Rewards: 20,000,000 MDN

For the continued support of Meridian, additional rewards and bounties will be on offer once the ICO closes. Participants will be paid from this fund. Initial campaigns such as signature and social media bounties will be extended indefinitely to maintain overall awareness for Meridian services.

What? Guys, you have a good reward of 1 million MDN for the ICO boutny campaign, but WHAT ARE 20 MILLION? What is the bounty after the end of the ICO, which was over 3 months ago?
So, what do you end up with?

1 285 000 MDN (257 BTC equivalent) - to the investors and bounty hunters

15 000 000 MDN (3000 BTC) - which the team left for personal use for some reason

20 000 000 MDN (4000 BTC) - awards for the community after the end of the ICO? Well yes.

6 000 000 MDN (1200 BTC) - for consultations with lawyers. Well yes.

9 000 000 MDN (1800 BTC) - for bonuses, of which a maximum of 10 BTC is spent.

The result is 51 285 000 MDN - the total. It is interesting, is not it? Although the guys decided to make their smart contract for MDN 51 000 000, it seems that they would not bother with the calculations themselves.

Now we can all draw our conclusions, gentlemen.

Why are not all the remaining coins allocated for bonuses burned for rewards and other useless delusions? Why were the tokens intended for the team not reduced in proportion to the results of ICO?
I assume that if these tokens are not burned, then they remain in the use of the command.

There is something to think about, guys, before you blindly believe and praise the Meridian team, which I can write about even more than I have just described to you. Most likely, I'll have to tell you about what I found out for all this time. But this is later, if the situation with tokens distribution will not solved. I hope for a detailed and professional response from the team of Meridian.

[1714305110]

1714305110

[1714305110]

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[1714305110]

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[bumbazaka]

I would very much like to receive an answer from the team, not how, but WHY left 51 million tokens, and how they will be distributed.

Thanks,

Your logical approach is appreciated. The reasons that you have given for your inquiry are understandable.

As it happens, answers to this question were provided approximately one month prior to our sale.

See the link below.

Supply Distribution

Our initial total supply was 125 Million, with 75 Million being offered for sale during our ICO.

Due to us only selling approx. 360,000 MDN tokens - our pledge was to burn all of the tokens that were left unsold.

Subsequently, we issued a brand new token contract with 74,640,000 less tokens - and a new total supply of 51 Million.

To see how the supply will be used and distributed read the supply distribution article linked above

The Meridian Team

Top lol 
Nothing to do here. A big scam with 99% dev tokens. I am very sorry for all investors who invested here

[MeridianMDN]

Preliminary Listing: https://forkdelta.github.io/#!/trade/MDN-ETH

Twitter Bounty Distribution Date: 7 March 2018

Further Details and distribution dates to be Provided in our next Weekly Update

Why were the tokens intended for the team not reduced in proportion to the results of ICO?
I assume that if these tokens are not burned, then they remain in the use of the command.

There is something to think about, guys, before you blindly believe and praise the Meridian team, which I can write about even more than I have just described to you. Most likely, I'll have to tell you about what I found out for all this time. But this is later, if the situation with tokens distribution will not solved. I hope for a detailed and professional response from the team of Meridian.

Thanks,

To save time - we'll cut through the wall of text and address the questions that you propose.

But please note: None of these figures will be changed or adjusted, if you take issue with our allotments - then you are advised not to continue to participate in the Meridian project, and to find another project that you feel is more suited to your individual needs.

Allocated to the Meridian team: 15,000,000 MDN (3000 BTC)

I will not talk about the moral and ethical side, but it does not seem strange to you that you leave for your team about 63 times more than you could collect at your ICO?

Not at all.

Meridian is a long-term venture.

Looking 5 years into the future and adding up all of the expenses that will be incurred in promoting, developing and maintaining our services - leaves us with a hefty number.

Add another 10 years, and then another 10 years - and the number we'd end up with will more than likely surpass the BTC amount that we'd be able to obtain via exchanging portions of our 15 Million MDN reserve.

Advisors & Partners: 6,000,000 MDN (1,200 BTC)

During the early stages of launching Meridian related services; assistance and advice will be sought from third parties such as engineers, accountants and lawyers in relevant jurisdictions. For continued guidance and support from third party contributors 6,000,000 MDN is reserved.

Really?

Yes,

See the answer to the previous question.

We are taking a long-term view, not a short term view.

Accounting and Legal advise is not a 'one-and-done' job, these are ongoing expenses.

Early Participants: 9,000,000 MDN (1800 BTC) -

Quite right, the tokens are allocated for bonuses, but as I already calculated, about 47281,604 MDN (9,4563208 BTC) were spent from them, but not 9 million. And what about the rest of the coins, why are they not burned as well?

Thanks,

The extra 9 Million MDN tokens were not for sale.

These were allotted to cover bonuses.

Unlike the 75,000,000 tokens offered for sale, the tokens allotted for bonuses were not and are therefore not subject to being destroyed.

The Bonuses fund will eventually be committed toward furnishing rewards via MLP.

Bounties & Rewards: 20,000,000 MDN

For the continued support of Meridian, additional rewards and bounties will be on offer once the ICO closes. Participants will be paid from this fund. Initial campaigns such as signature and social media bounties will be extended indefinitely to maintain overall awareness for Meridian services.

What? Guys, you have a good reward of 1 million MDN for the ICO boutny campaign, but WHAT ARE 20 MILLION? What is the bounty after the end of the ICO, which was over 3 months ago?

Yes indeed,

You're advised to read our whitepaper, in which you'll find a section titled 'Sustained Advertising Strategy.'

Upon reading that section, you'll become more familiar with our planned advertising strategy moving onwards.

As mentioned in our whitepaper, and in the blog article referenced in our previous post: "additional rewards and bounties will be on offer."

You highlight the fact that we are 3 months post ICO a timespan which may seem large to you - but actually, this time span is not at all significant when taking into account the fact that the Meridian project was hatched in Q3 2016 - with it's first advertising campaign taking place in Q4 2017 a time span longer than 12 months.

As you rightly pointed out, we are yet to have launched our second, third, fourth (and etc.) advertising campaigns.

As and when we do, we'll be dipping into that 20 Million MDN Bounty reserve that you highlighted - of which 1 Million tokens have already been claimed.

For Bounty distribution dates, see here - further details to be released in our next blog post.

The Meridian Team

[Lookfishy]

I advise everyone who invested in this ICO do contact SEC. I’m contacting them right now

[byteberry]

I really liked your roadmap, as I understand you offer some kind of a symbiosis of your currency with Bitcoin. Bonuses for loans repayment are always nice

[caberum]

Praises for the updates dev, keep on keeping on

[NutMasterTardd]

Great news devs, slow and steady build that infrastructure for MDN over a period of years and the project will be a great success.

I advise everyone who invested in this ICO do contact SEC. I’m contacting them right now

I hope you read the T+Cs noobie! Obvious troll is obvious.

[Neversettle]

I really liked your roadmap, as I understand you offer some kind of a symbiosis of your currency with Bitcoin. Bonuses for loans repayment are always nice

Yes that´s how it hopefully will develop. really looking foward to it and happy about the exchange listing

[bumbazaka]

Preliminary Listing: https://forkdelta.github.io/#!/trade/MDN-ETH

lol what? 
Several months you were preparing A GOOD EXCHANGE and now you are introduced only FORKDELTA?
Hahahahaha. You are guys so funny. And now, please, say me, anybody, what is the project about if it is not a real scam?

[antagonist]

Several months you were preparing A GOOD EXCHANGE and now you are introduced only FORKDELTA?
Hahahahaha. You are guys so funny. And now, please, say me, anybody, what is the project about if it is not a real scam?

you have brain of small child and are not intelligent person , you shold leave this place and concentrate more to promote the seven hundreds of bounty campaign that you sign up for 

[Neversettle]

Preliminary Listing: https://forkdelta.github.io/#!/trade/MDN-ETH

lol what? 
Several months you were preparing A GOOD EXCHANGE and now you are introduced only FORKDELTA?
Hahahahaha. You are guys so funny. And now, please, say me, anybody, what is the project about if it is not a real scam?

Do you even know how a listing on an exchange works?

[BtcVolcano]

Interestingly when the coin will be added on the following exchange where larger volumes. It would be desirable to believe that there will be big top exchanges. After all who participated in an initial stage, for them it is important to know it and there is a wish to trust in the best. To the manager thanks, very quickly and quickly answers. It is plus of the company.

[NutMasterTardd]

Interestingly when the coin will be added on the following exchange where larger volumes. It would be desirable to believe that there will be big top exchanges. After all who participated in an initial stage, for them it is important to know it and there is a wish to trust in the best. To the manager thanks, very quickly and quickly answers. It is plus of the company.

I think the larger volume exchanges will come later on when MDN is more established, I don't think many were expecting to be listed on Binance or Trex first really. It is extremely early days and things will happen over a period of years. At least the bounties will start to be distributed soon and then that will be out of the way and more important things can be focused on.

[nevergone]

Interestingly when the coin will be added on the following exchange where larger volumes. It would be desirable to believe that there will be big top exchanges. After all who participated in an initial stage, for them it is important to know it and there is a wish to trust in the best. To the manager thanks, very quickly and quickly answers. It is plus of the company.

I think the larger volume exchanges will come later on when MDN is more established, I don't think many were expecting to be listed on Binance or Trex first really. It is extremely early days and things will happen over a period of years. At least the bounties will start to be distributed soon and then that will be out of the way and more important things can be focused on.

as we know, listing on Binance and many large exchanges need a huge amount of money which is more than the ico raised, i think its better to list on exchanges that can list and if the team work hard to deliver the project, then it will have a chance to list on large exchanges

[Lookfishy]

Preliminary Listing: https://forkdelta.github.io/#!/trade/MDN-ETH

lol what? 
Several months you were preparing A GOOD EXCHANGE and now you are introduced only FORKDELTA?
Hahahahaha. You are guys so funny. And now, please, say me, anybody, what is the project about if it is not a real scam?

HAHHAHA I warned everyone ! This is a big fat scam!! Goodluck to everyone who invested

[nadyn]

nor who did not expect that the company will so delay with payments, the project looks promising, only these troubles are very worrying, I hope March 7, the final date!

[NutMasterTardd]

Interestingly when the coin will be added on the following exchange where larger volumes. It would be desirable to believe that there will be big top exchanges. After all who participated in an initial stage, for them it is important to know it and there is a wish to trust in the best. To the manager thanks, very quickly and quickly answers. It is plus of the company.

I think the larger volume exchanges will come later on when MDN is more established, I don't think many were expecting to be listed on Binance or Trex first really. It is extremely early days and things will happen over a period of years. At least the bounties will start to be distributed soon and then that will be out of the way and more important things can be focused on.

as we know, listing on Binance and many large exchanges need a huge amount of money which is more than the ico raised, i think its better to list on exchanges that can list and if the team work hard to deliver the project, then it will have a chance to list on large exchanges

It isn't actually that much money, it only costs a few BTC to get listed. The main problem is how popular the project is which gives the exchange incentive to list it. They don't list any coins that won't have a larger trading volume as it won't make them any money, and they usually only list established projects that have been around a while and have proven themselves to be legitimate.

[LosPollosHermanos]

They would give the tokens 7 days later than they enter to the stock market. I know they have not started with a stock exchange yet. Is there a close follower?

[caberum]

It isn't actually that much money, it only costs a few BTC to get listed. The main problem is how popular the project is which gives the exchange incentive to list it. They don't list any coins that won't have a larger trading volume as it won't make them any money, and they usually only list established projects that have been around a while and have proven themselves to be legitimate.

actually bro he's right. hitbtc are known to ask for more than 50p/c of ico collection and also a huge chunk of ico tokens to make things more tasty for them and most devs go for this because this is the baseline offer thrown out by the big dog exchanges. Its reeeaaaally stupid for devs to be accepting these kinds of offers because they are giving away control and putting the exchanges in the drivers seat which is dangerous and stupid. the exchange is not gonna develop your apps so y give them any control

[Neversettle]

It isn't actually that much money, it only costs a few BTC to get listed. The main problem is how popular the project is which gives the exchange incentive to list it. They don't list any coins that won't have a larger trading volume as it won't make them any money, and they usually only list established projects that have been around a while and have proven themselves to be legitimate.

actually bro he's right. hitbtc are known to ask for more than 50p/c of ico collection and also a huge chunk of ico tokens to make things more tasty for them and most devs go for this because this is the baseline offer thrown out by the big dog exchanges. Its reeeaaaally stupid for devs to be accepting these kinds of offers because they are giving away control and putting the exchanges in the drivers seat which is dangerous and stupid. the exchange is not gonna develop your apps so y give them any control

some amounts for a listing these days are just unreal. Exchanges do make a hell of money by fees without the listings