47.281604 BTC
Time left

Meridian is a digital asset that is designed to be used in combination with Bitcoin. Meridian tokens can be used as collateral to secure bitcoin loans from our platform. You are able to earn bonuses and rewards for completing loan repayments.

Collateral and repayment requirements will vary based on your repayment history. Users that are able to meet these requirements are eligible to receive a loan.

Meridian tokens can be purchased during our presale on October 12th 2017. After the presale, Meridian tokens will become tradeable on all digital currency exchanges.

You can apply for a bitcoin loan on our platform and receive instant approval if you meet eligibility requirements.

Overall, due to the bonuses and rewards that are available, more financial benefit is derived from maintaining and building a solid history of loan repayments. Borrowers who fail to repay their loans forfeit their collateral and are banned from the service.

Due to Meridians’ ability to appreciate in value, it is perfectly moulded to perform its role as digital collateral. Should a borrower fail to make repayments, funds will be recovered via value appreciation of the forfeited collateral.

Each completed loan repayment boosts your value as a borrower, and provides you with access to higher value loans. However, you can only receive one loan at any one time.

All loans are paid out in bitcoin, provided that the required amount of Meridian is pledged as collateral.

The only accepted form of collateral is Meridian [MDN]

We are not asking, encouraging or soliciting outside lenders to participate in the Meridian project. The responsibility of furnishing bitcoin loans rests solely on the Meridian team.