What is MELD Digital Currency? Introducing the project and the national token
The MELD project is one of the lending and borrowing projects created to integrate the digital currency market and Fiat currencies on the Cardano blockchain platform. In this article, we will provide you with helpful information about the potential of MELD digital currency and the possibility that MELD will meet the goals of this project. Stay with us.
What is MELD Digital Currency?
MELD is a decentralized lending protocol created on the Cardano blockchain using smart contracts and managed by the token. In this project, a set of tools for fast, secure, and transparent lending is provided to users to borrow or lend Fiat cryptocurrencies or currencies.
The MELD Initial Stake Pool Offering (ISPO) is an approach taken by the project to encourage investors and users to support MELD digital currency using the Cardano blockchain. By joining the ISPO, users provide their ADA tokens to public stock pools and receive them. Individuals will receive a 100% MELD or 50% and 50% ADA bonus depending on the collection chosen.
What is the purpose of the MELD digital currency project?
The primary purpose of this project is to provide financial services and lending to people who, for any reason, do not have access to banking systems or cannot use the financial plans of banks. According to surveys, 97% of people have financial problems in their daily lives, and this protocol can free the locked capital in the world and provide loans to the needy. 
Unique features of MELD digital currency
The MELD project is currently seeking to partner with some of the Defi 11 protocols and intends to provide the following services over the next 18 months:
- Loans backed by cryptography
- Genius loan
- MELD debit card
- MELDApp
The MELD project provides the cash flow needed to lend by absorbing encrypted assets from various blockchains in the Cardano ecosystem. To take advantage of this project, you need to install MELDApp and create a MELD wallet.
One of the essential advantages and perhaps the strength of the MELD project is that people can get loans up to a specific limit without making a deposit based on MELD Credit.
Map of MELD Digital Currency Project
How to allocate MELD tokens
The cryptocurrency token is a valuable and sovereign token with a total value of 4 billion. Based on the information published by the owners of this project, the method of allocating MELD tokens is as follows:
- 30%: Exclusive sales
- 20%: ICP
- 20%: Liquidity bonuses
- 5%: Team members
- 6%: Membership
- 4%: Founders
Application of token
- Sticking (insuring against unstable LP loss and loss of collateral)
- Ability to vote on community projects.
- Payment of intra-network transaction fees.
- Encourage users to use project tokens to increase liquidity and maintain the ecosystem’s cash flow.
How to get a token?
Follow the steps below to obtain the token.
- Buy ADA currency code.
- Assign ADA to one of the Cardano nodes
- SIGN UP (100% SIGN UP)
- REPORT (50% REPORT 50% ADA)
- You will receive digital currency every five days.
MELD can reward ADA owners by investing in other people’s pools or setting up their pools.
Founders and digital currency team
Team members and founders
Consultants
Concluding remarks
MELD Digital Currency is one of the cryptographic projects created to combine the digital currency market and Fiat for lending. This project uses Cardano blockchain, and people can get loans up to a specific limit without depositing digital currency.
