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Topic: [ANN][MDN] Meridian Ⓜ️ | DIGITAL COLLATERAL | Bitcoin Loans Platform (MLP) - page 11. (Read 12796 times)

jr. member
Activity: 77
Merit: 1
49m held in reserve is not fullfilling a promise to burn ALL unsold tokens.

By not doing so, the practice becomes fraudulant.

3 month past exchange placement.

Ya i invested... Ya im calling bullshit..

My money is locked up in a shit scam ico.

Your either very stupid or just a troll or both. Simple maths if they earmarked 75m coins for their ico and only sold 360k, they burn the remainder of what they earmarked for ico not the total supply
newbie
Activity: 38
Merit: 0
49m held in reserve is not fullfilling a promise to burn ALL unsold tokens.

By not doing so, the practice becomes fraudulant.

3 month past exchange placement.

Ya i invested... Ya im calling bullshit..

My money is locked up in a shit scam ico.
full member
Activity: 212
Merit: 110







Meridian Weekly Update #8

Charged with the task of building solid infrastructure around Meridian, we want to take this opportunity to bring our supporters, investors, partners and all other interested parties up to speed on the current state of affairs.

Within this article, we will be touching on the points that we feel are most significant and paramount to the overall success of Meridian — as well as introducing those of you who are new to the project to the key ideologies that underpin both the Meridian Loans Platform (MLP) which is currently undergoing development, and our MDN tokens.

As part of this article, you will also find a recap of key events that have taken place so far — you will also be presented with details of the key events that are due to occur in the future.







Important Statistics

During our initial crowdsale, 75 Million MDN tokens were made available for purchase.

As it stands today, there are approximately 360,000 MDN tokens being held by more than 200 individuals who are not official members of the Meridian team.

These individuals referenced above are mainly those who made purchases during our initial crowdsale.

Full distribution of tokens to our crowdsale participants was a process that we began on Tuesday, 28 November 2017.

Completion of distribution was achieved by Monday, 4 December 2017.

During this period, the total amount of MDN tokens in existence was 125 Million.

However - our pledge to crowdsale participants was that we would burn all MDN tokens that were left unsold during our ICO.

We kept our promise.

As a result, we deployed a brand new ERC20 contract on Friday, 12 January 2018 – forcing a supply contraction from our initial 125 Million tokens, down to our current 51 Million MDN total supply.

Distribution of these brand new MDN tokens to Crowdsale participants began on Friday, 12 January 2018 – and, ended on Monday, 29 January 2018.

As it stands today, vital statistics are as follows:

Total Supply: 51,000,000 MDN

In Circulation: 360,000 MDN (approx.)

Bounty Reserve: 1,000,000 MDN (to be distributed 7 days following exchange placement)

The implication of the above statistics is that once distribution is completed in full, the total amount of MDN tokens in circulation will have inflated to approximately 1,360,000 MDN – held by approx. 700 individuals who are not members of the Meridian team.

The remaining sum (49,640,000 MDN) will be held in reserve by the Meridian team.

Please click the following link to see how the above reserves will be allotted: https://goo.gl/K3hxwT








Exchanges

As things stand currently, we are engaged in negotiation procedures – relating specifically to the official opening of MDN/BTC trading pairs on ‘suitable’ platforms.

Exchanges have a lot to offer this project – we all have at least a ground level awareness of what ‘some’ exchanges bring to the table. But, let’s make no mistake - the Meridian team also has a lot to bring to the table.

There is a symbiotic relationship between an asset and its exchange.

Specifically, the amount of volume an asset is able to attract – whether from its developers and/or from the public – ultimately adds to the overall long-term profitability of its exchange.

There are some assets that do huge numbers during ICO stages, but then put on lacklustre performances once listed on a trading platform.

It all boils down to incentive.

Before anything, there are important questions that must be asked.

First – what ‘incentive’ does the everyday, typical crypto currency user have to purchase a particular asset?

Second – what ‘incentive’ do the developers of that particular asset have to ensure its long-term financial viability?

These questions must be asked – because it is becoming increasingly apparent that most ICO developers are just that. ICO developers.

This forces yet another question relating to incentive.

What ‘incentive’ do the developers of a digital asset have to ensure its long-term financial viability, when they have already raised $20 Million during Initial Coin Offering?

For most of these individuals – this is job done. They have invested in and built an ICO, which has produced a return of tens of millions of dollars. Why then would they continue the toil of managing a digital asset thereby adding to the overall revenue of an exchange?

Again, there is a difference between ICO developers and Altcoin developers.

The main difference is one that relates specifically to time-span.

An ICO developer is not looking long into the future with any form of optimism – for him, he wants to be in and out of the ICO market “while the cake is still warm.”

Nobody ‘plans’ to go into a market that has become saturated to the point where it is impossible to achieve even a 1:1 return on investment. Therefore – there is an urgency among ICO developers to strike while the proverbial iron is still hot.

All of which has no bearing on the long-term financial viability of the ‘asset’ (not ICO) which they are bringing to the table.

Meridian is an asset that is tailored to reach long into the future. If you haven’t already, then you are urged to read our whitepaper: https://goo.gl/8LTJDH

Through the Meridian Loans Platform (MLP), there is a form of incentive that will forever be embedded into MDN tokens – specifically, users of MLP will not be able to derive any benefit from the platform without first being in possession of an MDN balance, which must be purchased from an exchange.

Through MLP, users will be able to obtain a secured micro-loan (Bitcoin denominated) and each of these loans are to be secured with a specific amount of MDN tokens pledged as collateral, to be released back to the user once his full loan repayment has been confirmed.

It is a self-feeding, self-perpetuating system with in-built, long-term financial viability and this forms the foundation of the Meridian proposal.

In short, the service that we are pledging is one that is in 'enormously’ high demand.

Whether it is an already established platform, or one that we are forced to establish on our own – it is clear ‘how’ the exchange that we eventually end up building a partnership with will ultimately derive long-term benefit from our relationship.

We will continue to liaise with, wait on and negotiate with the exchanges – until we decide to explore the other options that are available to us.

So we urge our supporters and investors to continue on this journey with us, as there will be huge rewards for those who are prepared to stay the course.


More Information




To learn how Meridian differs from the alternatives, you are invited to watch our three-minute Introduction film at https://goo.gl/VmTBbM

Learn more about Meridian at — https://myMDN.io

Access Meridian Whitepaper at — https://goo.gl/jqE7Me
Follow Meridian on Twitter at — https://twitter.com/MeridianMDN










full member
Activity: 1120
Merit: 200
Turkish Translator
it looks nice.. a young team..i hope noooe has a problem
legendary
Activity: 1512
Merit: 1015
This coin will never see a big exchange for the following reasons.

1. They lied too and defrauded their investors
2. They lied about the amount of tokens to be released
around 300k sold, leaving 1.1m of handouts.

3. They clearly stated all unsold tokens would be burned.
50m of the original 300m are still available, with 1.4m being released.

4. Investment fraud. By releasing 1.1m more then what was stated they are clearly manipulating their own market,  which is illegal on many different levels.


no meridian launch with 125 millions token and burn all unsold coin , all number they reveal to us already on blog https://medium.com/@MeridianMDN/meridian-ico-terms-43efd232baaa

you are not real investor and you have come to tell lie in this place



Makes no sense for me at all that non bounty and ico participating people are coming here to spread FUD

Anyone not currently holding a position in the ICO will try to create FUD to in order to hopefully bring down the price upon exchange listing, where they can accumulate cheap as they missed the ICO.
member
Activity: 308
Merit: 13
ZetoChain - ACCELERATING BLOCKCHAIN FOR THE SUPPLY
This coin will never see a big exchange for the following reasons.

1. They lied too and defrauded their investors
2. They lied about the amount of tokens to be released
around 300k sold, leaving 1.1m of handouts.

3. They clearly stated all unsold tokens would be burned.
50m of the original 300m are still available, with 1.4m being released.

4. Investment fraud. By releasing 1.1m more then what was stated they are clearly manipulating their own market,  which is illegal on many different levels.


no meridian launch with 125 millions token and burn all unsold coin , all number they reveal to us already on blog https://medium.com/@MeridianMDN/meridian-ico-terms-43efd232baaa

you are not real investor and you have come to tell lie in this place



Makes no sense for me at all that non bounty and ico participating people are coming here to spread FUD
legendary
Activity: 1512
Merit: 1015
This coin will never see a big exchange for the following reasons.

1. They lied too and defrauded their investors
2. They lied about the amount of tokens to be released
around 300k sold, leaving 1.1m of handouts.

3. They clearly stated all unsold tokens would be burned.
50m of the original 300m are still available, with 1.4m being released.

4. Investment fraud. By releasing 1.1m more then what was stated they are clearly manipulating their own market,  which is illegal on many different levels.


They have nothing but excuses.

There are other coins that have come out since and before this ico that have hit exchanges.

This coin will never see Hitbtc, Bittrex, Binance or even kucoin or any official centralized exchange.

Would most likely be stuck on etherdelta until it faded away.

Because they have manipulated, lied and have not met road maps No Official exchange would ever take them.

No exchange wants a coin that before it has even hit exchanges, has manipulated its own market.
exactly, people should just give up and leave them alone. They scammed us for 400k and that’s that. Write it off, we will never see our money again. They have took over 2 months just to list on exchange. Big ole scam

Your account looksfishy to me, hahahah.  You troll! Good effort on that FUD though but I don't think anyone pays any attention to noob accounts. I would guess you are the same person as Westerncoin..
newbie
Activity: 7
Merit: 0
This coin will never see a big exchange for the following reasons.

1. They lied too and defrauded their investors
2. They lied about the amount of tokens to be released
around 300k sold, leaving 1.1m of handouts.

3. They clearly stated all unsold tokens would be burned.
50m of the original 300m are still available, with 1.4m being released.

4. Investment fraud. By releasing 1.1m more then what was stated they are clearly manipulating their own market,  which is illegal on many different levels.


They have nothing but excuses.

There are other coins that have come out since and before this ico that have hit exchanges.

This coin will never see Hitbtc, Bittrex, Binance or even kucoin or any official centralized exchange.

Would most likely be stuck on etherdelta until it faded away.

Because they have manipulated, lied and have not met road maps No Official exchange would ever take them.

No exchange wants a coin that before it has even hit exchanges, has manipulated its own market.
exactly, people should just give up and leave them alone. They scammed us for 400k and that’s that. Write it off, we will never see our money again. They have took over 2 months just to list on exchange. Big ole scam
sr. member
Activity: 448
Merit: 250
Damn man. I think you're lying and trying to provoke people. Anyway, I'il give you money just go there.
full member
Activity: 211
Merit: 100
This coin will never see a big exchange for the following reasons.

1. They lied too and defrauded their investors
2. They lied about the amount of tokens to be released
around 300k sold, leaving 1.1m of handouts.

3. They clearly stated all unsold tokens would be burned.
50m of the original 300m are still available, with 1.4m being released.

4. Investment fraud. By releasing 1.1m more then what was stated they are clearly manipulating their own market,  which is illegal on many different levels.


no meridian launch with 125 millions token and burn all unsold coin , all number they reveal to us already on blog https://medium.com/@MeridianMDN/meridian-ico-terms-43efd232baaa

you are not real investor and you have come to tell lie in this place

legendary
Activity: 1512
Merit: 1015
This coin will never see a big exchange for the following reasons.

1. They lied too and defrauded their investors
2. They lied about the amount of tokens to be released
around 300k sold, leaving 1.1m of handouts.

3. They clearly stated all unsold tokens would be burned.
50m of the original 300m are still available, with 1.4m being released.

4. Investment fraud. By releasing 1.1m more then what was stated they are clearly manipulating their own market,  which is illegal on many different levels.


They have nothing but excuses.

There are other coins that have come out since and before this ico that have hit exchanges.

This coin will never see Hitbtc, Bittrex, Binance or even kucoin or any official centralized exchange.

Would most likely be stuck on etherdelta until it faded away.

Because they have manipulated, lied and have not met road maps No Official exchange would ever take them.

No exchange wants a coin that before it has even hit exchanges, has manipulated its own market.

Pretty dumb to say "This coin will never see HitBtc, Bittrex, Binance or even KUcoin or any official centralized exchange" because you have no idea what the future holds for smaller projects like Meridian, a couple years down the line with an established infrastructure and working used platform they could be doing very well and listed on any/all of those. Etherdelta isn't a bad place to start off, as long as they can get listed anywhere reputable that isn't a scam it will be a good start as crypto projects take years to take off. I think being bitter about the bounties is a waste of your time, just dump your MDN on exchange listing and move on. You look more like a troll trying to FUD and ruin Meridian rather than a concerned investor IMO.
member
Activity: 308
Merit: 13
ZetoChain - ACCELERATING BLOCKCHAIN FOR THE SUPPLY
This coin will never see a big exchange for the following reasons.

1. They lied too and defrauded their investors
2. They lied about the amount of tokens to be released
around 300k sold, leaving 1.1m of handouts.

3. They clearly stated all unsold tokens would be burned.
50m of the original 300m are still available, with 1.4m being released.

4. Investment fraud. By releasing 1.1m more then what was stated they are clearly manipulating their own market,  which is illegal on many different levels.


They have nothing but excuses.

There are other coins that have come out since and before this ico that have hit exchanges.

This coin will never see Hitbtc, Bittrex, Binance or even kucoin or any official centralized exchange.

Would most likely be stuck on etherdelta until it faded away.

Because they have manipulated, lied and have not met road maps No Official exchange would ever take them.

No exchange wants a coin that before it has even hit exchanges, has manipulated its own market.

Well that´s not true. The 1.1 million will be needed for bounty for example etc.. And the rest beside the 1.4m will be burned as they stated. But I think the team will give an detailed explanation here
newbie
Activity: 38
Merit: 0
This coin will never see a big exchange for the following reasons.

1. They lied too and defrauded their investors
2. They lied about the amount of tokens to be released
around 300k sold, leaving 1.1m of handouts.

3. They clearly stated all unsold tokens would be burned.
50m of the original 300m are still available, with 1.4m being released.

4. Investment fraud. By releasing 1.1m more then what was stated they are clearly manipulating their own market,  which is illegal on many different levels.


They have nothing but excuses.

There are other coins that have come out since and before this ico that have hit exchanges.

This coin will never see Hitbtc, Bittrex, Binance or even kucoin or any official centralized exchange.

Would most likely be stuck on etherdelta until it faded away.

Because they have manipulated, lied and have not met road maps No Official exchange would ever take them.

No exchange wants a coin that before it has even hit exchanges, has manipulated its own market.
member
Activity: 308
Merit: 13
ZetoChain - ACCELERATING BLOCKCHAIN FOR THE SUPPLY
OMG! You say the same every time, but nothing happens. I know that distribution will be after 7 days, but when will you list this token? How many times should I wait for it?

maybe dev should give nothing to this idiota
why you post here so much craps because you think you are so specials more than other ppls here ? if you no have something good here to contribute i think you leave this place immediate
dev say already hundred times they work for exchange , so why you no use brain and wait patient like everyone else who is here ? bastardo. if you no say good thing here then you should get out
LOL
What can make a team which can not make things in time? I remember you that they promised exchange by the end of January. Now is the end of February and... Nothing happened  Grin Grin Grin
If you do want nothing you can leave this thread. But I want to get my HONESTLY worked reward.



There is no other than speculating with the tokens right now, so just be a little patient
legendary
Activity: 1512
Merit: 1015
OMG! You say the same every time, but nothing happens. I know that distribution will be after 7 days, but when will you list this token? How many times should I wait for it?

maybe dev should give nothing to this idiota
why you post here so much craps because you think you are so specials more than other ppls here ? if you no have something good here to contribute i think you leave this place immediate
dev say already hundred times they work for exchange , so why you no use brain and wait patient like everyone else who is here ? bastardo. if you no say good thing here then you should get out
LOL
What can make a team which can not make things in time? I remember you that they promised exchange by the end of January. Now is the end of February and... Nothing happened  Grin Grin Grin
If you do want nothing you can leave this thread. But I want to get my HONESTLY worked reward.

"Promised" Are you five years old? Nothing is straight forward in crypto, they were aiming to be listed by the end of January but the crypto-space was pretty busy. ETH was delayed 9 months so stop your complaining of you won't receive anything at all.
full member
Activity: 462
Merit: 100
OMG! You say the same every time, but nothing happens. I know that distribution will be after 7 days, but when will you list this token? How many times should I wait for it?

maybe dev should give nothing to this idiota
why you post here so much craps because you think you are so specials more than other ppls here ? if you no have something good here to contribute i think you leave this place immediate
dev say already hundred times they work for exchange , so why you no use brain and wait patient like everyone else who is here ? bastardo. if you no say good thing here then you should get out
LOL
What can make a team which can not make things in time? I remember you that they promised exchange by the end of January. Now is the end of February and... Nothing happened  Grin Grin Grin
If you do want nothing you can leave this thread. But I want to get my HONESTLY worked reward.
member
Activity: 308
Merit: 13
ZetoChain - ACCELERATING BLOCKCHAIN FOR THE SUPPLY
Yes I agree. Will there be a alpha/beta version to participate in?

Hi there,

Yes, there will be opportunity for programmers, and the like, to tinker with the app. So yes, we may explore doing some form of A/B testing.

We are due to publish a weekly update soon.

Details concerning MLP and Live trading will be provided.

The Meridian Team

That´s great to hear. I think a lot of people would love to participate
full member
Activity: 212
Merit: 110
Yes I agree. Will there be a alpha/beta version to participate in?

Hi there,

Yes, there will be opportunity for programmers, and the like, to tinker with the app. So yes, we may explore doing some form of A/B testing.

We are due to publish a weekly update soon.

Details concerning MLP and Live trading will be provided.

The Meridian Team
member
Activity: 308
Merit: 13
ZetoChain - ACCELERATING BLOCKCHAIN FOR THE SUPPLY
Love the communication with the community. Well most investors right now hope to have an instant 10x right after the ICO is finished. I really don´t like the attitude right now. Take all the time you need. Iam sure its worth the wait !


Completely agree with this, take all the time you need devs. A more stable product is better than rushing the platform to give the bounties out to those that are complaining.


Yes I agree. Will there be a alpha/beta version to participate in?
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