Topic: [ANN][MDN] Meridian Ⓜ️ | DIGITAL COLLATERAL | Bitcoin Loans Platform (MLP) - page 10. (Read 12794 times)

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

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 

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?

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

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

Praises for the updates dev, keep on keeping on

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

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

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


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.


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.


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.


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.


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

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

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.

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

Hi everybody. I will say my opinion about this situation.
Firstly, I think that this guy does not ask how, but asks WHY they left 51 million tokens?
Well, let's take a good look at the problem. Even if selling a total of 1 million tokens, which will be distributed between investors and bounty hunters, why exactly 51 million? Who do they get to the team?
It turns out that the team leaves 96% of all tokens in its personal use, or rather almost all the available tokens, instead of burning them? In general, this should raise the potential value of the token on the market.
I think that this guy was asking about this, and not about anything else.
Honestly, I would also like to hear this question, because it's all very strange. Why exactly 51 million? What was the purpose of leaving so many tokens?

Secondly, I really agree that you are blaming the project, because it drags out time and feeds promises, but there can be different and possibly objective reasons for this. But at the same time, if this continues for some time and there will not be any results for the development of the platform, or access to a large stock exchange - then it is worth considering that it may be time to stop blindly believing?

Thirdly, why are you measuring the balls in this thread?
Who and how much invested in this project does not make sense.
Everyone has a completely different financial situation, and for someone that's 350 dollars is penny, but for someone serious money. But in any case, no one wants to stay in a fool. Therefore, to reproach someone for what he invested less than you, personally for me it is very petty and low, bros.

I sum up a little. I absolutely do not understand why you think that all these guys who express their dissatisfaction - trolls or FUDers. And for what reason should they blindly believe and freeze their money for years? I have a suspicion rather blind faith, which has no arguments. All the same, most likely there are already grown-up people here, and you need to be full of responsibility and understanding. I like the project, I supported it from the very first days of the beginning, but it does not prevent me from critically looking at things, and I do not like much, from what is happening now.

Uh, imagine how much I had to write. But you know, it was you who forced me, because usually I just come here to read the latest news, but your conversations have excited me.

In my language there is an excellent saying - trust, but check.
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. Well, in addition to this, we will follow the latest news and wait to run the alpha / beta version of the platform, and of course, listing on the exchange. 

not a fake account... that troll antagonist most likely works for them.

I wouldnt consider being a frusterated investor who feels severly ripped off, trolling or spreading fud

well every good thread needs their own troll to spread FUD. But having fake accounts just to harm the project is not the way to go

El bastardo you use one of your fake account to post here that you "invest" 350 dollar idiota , even my daughter i give to her more than 350 dollar each month pocket monies to spend that is why i laugh on you
I buy more than 6000 mdn coin from ico you are no where close near to my level . you are El retardo

Always you say here bad thing about bounty hunter , so let me say this one to you ,my friend who is bounty hunter for meridian he will collect more than 16,000 mdn coin for his work he will have more than 40x the amount monies that you have only from repost tweet like you say

this is why you are angry and jealous of each ppls here who did smarter thing than you

only thing you have is 350 mdn coin because you are filthy poor bastardo who post nonsense thing all day and no take time to do smart thing in this place . that is why always i will say it that you are idiota
you are bottom of food chain in this place , alls every bounty hunter that you insult will collect at least 10x more mdn coin than you are having , to us you are small fish you are not and never you will be whale in this place

so shut up your face and get out from here , it is you who is the biggest bum in this place you are only person who i have seen beg like disable person on street for more mdn coin
so i today i will say it to you that you are bum , like always you say to us in this place

the fee is quite high and even though if they are willing to pay you have to negoiate

It is normal if few people doubt it.
Why do the negotiation take so long ?,  why don't just pay the fee and MDN will get listed.

What is this gibberish ? You can’t even spell or talk English. You’re the idiot. You’re coins are gone buddy, all ur spamming bounty promotions didn’t pay off, use your money and actually buy coins you bum

my friend , ignore that idiota he is troll who post here everyday use three account , he is fake person not real investor
westerncoin, whatcoinince , lookfishy all same person who post always same thing i think mod should ban ppls who create spam troll like this

thank you dev for provide update please continue to do like this