Preliminary Listing:
https://forkdelta.github.io/#!/trade/MDN-ETHTwitter Bounty Distribution Date: 7 March 2018
Further Details and distribution dates to be Provided in our next Weekly UpdateWhy 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
Thank you for the detailed response.
I have no more questions.
Hope that everything will go according to the plan and the road map.
I continue to follow you closely.
