1.Please introduce yourself with us. How and when you have started? What’s your role in MELD Project?
Ans: My name is Hai, CEO and Co-Founder of MELD.
I’m an entrepreneur, system architect and blockchain engineer from Vietnam.
I started my career in game development, which quickly turned into AI engineering.
For the past 4 years I’ve been focusing on Blockchain technology and DeFi, especially with the Cardano Blockchain.
Now at MELD, we’re working hard to MELD the fiat and crypto worlds, with a wider mission of delivering secure and efficient financial services to every single person out there.
So both fiat and crypto on a decentralized, trustless, non-custodial and efficient protocol.
For example, users can deposit crypto to borrow fiat, automatically wired to their bank account.
This way they have the fiat to spend on their daily life, and still keep their long position on their crypto.
The loan is also tax efficient, with the collateral being utilized for high yield, resulting in negative interest or even a self-paying loan.
We also have other useful products and services, like a VISA-compatible MELD debit card backed by on-chain collateral.
2. What are some of utlities of $MELD ? How do you think you stand out among the competitors if there are any?
Ans: As described above, MELD provides a crypto-to-fiat lending protocol that is decentralized, trustless, non-custodial and efficient.
We also have a very low barrier to entry.
Existing solutions are centralized, inefficient with a high and limited barrier to entry.
For example with MELD you don’t have to give up your keys, or send collateral assets to anyone.
The fiat side is handled by a non-profit MELD Foundation that is transparent with data being audited by third parties.
We also have a low barrier to entry.
First thanks to our efficiency, and the fact that we are decentralized.
We don’t have to pay bills to maintain the ecosystem. There is no corporate profit to optimize, just have to bring the best benefits to protocol users.
Our system is so efficient and autonomous we don’t need credit check. Just the minimal KYC and AML for users to work with fiat.
Also unlike competitors who operate inside a single jurisdiction to stay comfortable.
We’ve been going the extra miles to support as many jurisdictions as possible.
At the end of the day, our values, vision and architecture is totally different from competitors.
To make sure we meet our mission, to bring secure and efficient financial services to the mass, and that no-one is more privileged than another.
3. Can you share the achievements the team has made so far ? what are the major achievement target MELD is yet to achieve . If possible also share your roadmap.
Ans: I think the most notable achievement so far was to establish a solid team to get the wheels rolling.
We have a solid operational and legal team to make sure every step we take is solid.
A dedicated investor relations and marketing to bring many valuable partnerships, and to expand the community as we speak.
A passionate development team who have contributed to Cardano, and the wider Haskell ecosystem for years.
With also world-class advisors in all front.
Every single persion is very passionate and the team is still growing very strong.
We’ve also made great progress with fund-raising, product development and community building.
Our main goal now is to keep leadinKeep building a wonderful community, and supporting more jurisdictions for fiat services
development on the Cardano Blockchains, for both our MELDed asset service and lending protocol.
Keep building a wonderful community, and supporting more jurisdictions for fiat services.
Another important campaign is our ISPO -- a new fund-raising format that is risk-free and fair.
4) Could you share a bit about security and also what benefits you provide to incentives user’s choosing your Platform?
Ans: Sure, as security is definitely our number one aspect of the project.
We have qualified security engineers in-house.
Have been working with world-class security researchers on the first analysis, auditing and disassembling tools for Cardano smart contracts, all the way from the bytecode level.
We are also going to hire the best third-party auditors in the scene for our products and services.
We’re doing very careful designs, operations and implementation to secure all end users, end devices, stake pools, cloud infrastructure, smart contracts and economic models.Also subscribed to the latest news, seminars, courses and similar resources from top security researchers and engineers to always stay up to date.
5.Could you please elaborate more about your tokenomics?What’s the total supply and what kind of plans do you have regarding the token unlocks in the future?
Ans: We have the tokenomics described here:
https://meld.gitbook.io/meld/tokenomics/meld-token
The total supply is 4 billions that are carefully vested throughout the years.
VC investors and the development team ourselves have to vest to prove our commitment.
For even more details, we’re going to publish a Yellow Paper on our tokenomics and economics models.
The MELD token is also used in our single-sided liquidity pools.
We also have deflationary mechanism like buy back and burning to maintain the price of the MELD token.
Which they can stake to provide insurance to the whole protocol, join govenrnance processes and receive even more ADA as rewards for it.
After launch, protocol users like lenders and borrowers also get MELD rewards for their participant.We also have deflationary mechanism like buy back and burning to maintain the price of the MELD token.
Twitter Q&A
1.How do you think with Asia market? Does your team have any plan approach ASEAN which the potential market in crypto, there have many great teams and investors want work and earn money from crypto?
From : @ab_dul_basith
Ans:For us every market is an important market.Our mission is to provide financial instruments to every single person, regardless of their location anyway.That said, we can’t just work on everything at once.Asia and ASEAN will definitely have early focus.Our development company is in Singapore.With many key people in Vietnam.So we’ll definitely go for many jurisdictions here.At the end of the day we’re GLOBAL though.Also expanding through Europe, then the US, Africa and the rest of the world.
2.How profitable is Meld Labs to sustain your project? What is your business model? How can you bring mutual benefits for both your investor and your project?
From: @THORGodofthndr
Ans:Profit is actually not that critical to decentralized projects like ours.
What we talk more about is user profit, not corporate profit.We’re raising enough fund through both VCs and the ISPO.With many Cardano stake pools and other treasury systems to fund further development.In the future the MELD protocol and Foundation will also be run by the community.Users (MELD holders) are the owners.And with our efficient revenue streams for users from trading fees, MELDed assets fees, loan interest, and more, the users will be empowered to further push the protocol forward.Investors get MELD tokens to become owners.They can also stake MELD to provide insurance to the whole protocol, and earn even more MELD as reward.Our simplified business model is to empower the users, who will in turn push the project forward, together.
3.Transaction fees and slippage are always important factors in Finance services. How does Meld Labs solve the above problem to attract users?
From: @MariaCahya3
Ans: We build on the Cardano Blockchain, which has very good transaction fees thanks to their peer-reviewed leading researches. As if good fees out of the box is not good enough, we’re also running MELD stake pools to create an ADA revenue stream, which can also be used to offset transaction fees for users.Cardano also has interesting features like babel fee and stable fee, that further improves transaction fees and user experience.MELD users will have stable and predictable transactions fees, might not even need to buy ADA to use our services.Some services are so efficient it actually has negative transaction fees! When participation reward outweights transaction fee.It’s going to be an amazing experience, hang tight!
4.For a project development first of all main priority is having enough fund. Does your team financially capable to run this project? Do you have enough fund for it's developement Can you tell us that how your project generate the profit?
From: @Hungbechyen
Ans: I think that’s fair to say, yes funding is important.
Our token presale should be able to fund us for a few years.We also have the MELD stake pools that continuously generate ADA rewards, especially early on during the ISPO.Where you can delegate even 1 ADA to our stake pool.You can undelegate anytime, and get MELD for the total staked duration during the ISPO.In the further future the project will be run by the community, funded by protocol fees like from tradings fees, MELDed assets service fees, loan interest, and more.We are well-prepared to go for the many years to come, even when we push hard for through the limits.Don’t be worried about funding, just look forward to the best financial instruments that come out of the project.
5.Your vision is to create an ecosystem that empowers individuals to regain financial control. So how do you plan to accomplish this? What are the tools and services the MELD will provide for them to manage their money on their terms?
From: @Wormz29
Ans: First, we build decentralized, trustless and non-custodial solutions. So individuals don’t have to depend on a centralized institution to work their finance.THey have total control.The next is that our products are efficient, hence it truly benefits users for using them.We also have a low barrier to entry and cover many jurisdictions, also both fiat and crypto.We’re not maximalists, we believe fiat compliments crypto and vice-versa.The different Blockchains with different traits should compliement each other, not compete or distract each other.We have solutions for both fiat, crypto and many different Blockchains.So users can choose the financial instruments that are most beneficial for them.And that we have diverse services to cover all the people.For example our crypto-to-fiat lending protocol allows users to stay long on their crypto but still has fiat to spend on their daily expenses.And their colalteral and loan is so optimized that they have negative interest or even self-paying loan.The best from both worlds, for everyone!
Live Q&A
1.How do you plan to spread awareness about your project in different countries where English is not good? Do you plan to develop many different communities such as Vietnam, Indonesia, Korea, ... about your project so that they can easily communicate and understand your project?
Ans: Yes, community is very critical for us. We’ve started non-English communities like for Vietnam, Japan, Arabic, etc and will just keep expanding as we grow.
This is also critical to our mission to bring financial instruments to the mass, but many people don’t speak English.
We’re going to develop intuitive materials in different languages, and to stay close to our community managers to make sure they understand MELD and can convey exactly what we want to in other languages.
2.MELD Labs work mainly operating FIAT currencies, but to operate with it, the legal terms must be clear, so Meld labs can be used on any part of world or there exists countries limitations?
Ans: We operate on both fiat and crypto, not necessarily mainly on fiat.
But it’s true that the legal terms for fiat are trickier, which we’re also going extra miles to address.
We’ll have to support jurisdictions after jurisdictions, not all at once.
But that’s the battle we want to and are going to fight.
3.What does the name MELD stands for?
Ans: My partner Ken has registered meld.com since 1995!
Melding things together to bring the best out of both ends has been his, then eventually our obsession.
Right now we’re MELDing the fiat and crypto worlds, the many Blockchains and different protocols there as well.
The key is to build secure and efficient financial services in harmony that benefit everyone.
4."STAKING" is one of the STRATEGIES to ATTRACT USERS and HOLD Them long term.
Does your GREAT PROJECT have plan about Staking?
Ans: Absolutely.
You can stake MELD to provide insurance to the whole protocol, join governance processes and get even more MELD as reward.
You can also delegate ADA to our stake pools to get MELD during our ISPO, and ADA rewards as usual afterwards.
Staking is a nice mechanism to improve demand for the token and make sure the reasonable amount is kept for governance.
It aslo creates more revenue streams to design more efficient systems.
So yes, there will be a lot of staking on the Proof of Stake Cardano Blockchain!
5.Today on how many social media platforms are you going to rock, how and where and can I join you??
Ans: HERE!
Website | GitBook | Medium | Telegram | Twitter | Discord | YouTube | LinkedIn | Github | Facebook | Instagram
Please follow us for more progress, we stay very transparent to the community!
Community, if you would like to learn more about MELD, here are some useful links for you:
Telegram: https://t.me/MELD_Global
Twitter : https://twitter.com/MELD_labs
Official Website: http://meld.com