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MELD

IDO

Last updated: Nov 13, 2021

MELD is the first decentralized and non-custodial DeFi banking protocol for lending and borrowing fiat and cryptocurrency.

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Overview

Project industry	Finance Services & Banking / Cardano Ecosystem / DeFi
Product type	Protocol
Founded	Switzerland
Whitepaper	Open
Onepager	Open

What is MELD

MELD supplies crypto-backed loans in fiat and crypto denominations at market competitive interest rates. Users collateralize their cryptocurrency in the MELDapp allowing them to borrow fiat currency. Once KYC is completed this results in a wire transfer to their bank of choice. When a loan is paid-off, the smart contract ends, triggering the release of the collateralized cryptocurrency. The entire process is managed in the MELDapp.

MELD is a decentralized and trustless network built on the Cardano 10 Blockchain using smart contracts and governed by the MELD Foundation (Switzerland). This provides a fast, safe, and transparent set of tools for all participants to lend and borrow in the DeFi 11 ecosystem.

The protocol is open-source and supported by the Cardano community in developing functionality and innovative applications. As a protocol, the MELDapp runs on iOS and Android, as a Chrome extension, or as an application programming interface (API) by other developers and services.

Details

IDO (Lightning Launchpad): Sep 26, 2021 - Sep 26, 2021
IDO (Vent Finance Launchpad): Nov 15, 2021 - Nov 16, 2021
Token supply: 4,000,000,000 MELD
Hard cap: 1,250,000 USDC

Legal

Blockchain Platform: Cardano
Registration country: Singapore
Registration year: 2021

Office address: 20 CECIL STREET, #05-03, PLUS, SINGAPORE 049705

Token info

Ticker: MELD
Token price in USD: 1 MELD = 0.025 USD
Accepted currencies: ADA, BTC, ETH, BNB
Token distribution:
Foundation - 5%
Partnership - 7.5%
Liquidity Rewards - 20%
ISPO - 20%
Private Sale - 30%
Team - 17.5%