Welcome to Meridian Network
Hi everyone! We’re excited to announce the launch of Meridian Network, our new project.
Meridian Network is intended as a platform to be used for Dapps and as a community DAO, making use of the LOCK token ( currently MRDN token, swapped for LOCK upon our beta launch ).
- Variable staking rewards
- Deflationary supply
- Community DAO
Our first Dapp is coming in less than 30 days. Called the “Meridian Vault”, it will be a staking interface where holders can deposit their LOCK and receive rewards in the form of dividends. There are several mechanisms behind our dividend distribution such as transaction burns, unstaking penalties, as well as the staking rewards themselves. More details on the “Meridian Vault” on our litepaper, released within the next 10 days.
Currently there are 10 million MRDN tokens as total supply, distributed as follows:
- 5M MRDN on Uniswap
- 3M used for development, exchange listings and PR/Marketing efforts
- 2M as reserve liquidity for Uniswap
Upon beta launch, MRDN holders will be able to swap MRDN for the new LOCK token at a 1:1 ratio. LOCK’s supply distribution will be featured on our website.
We will also be doing a one-time community airdrop for our early supporters on Telegram and Twitter, more info on this can be found on our Telegram channel.
The LOCK token total supply and allocation will be revealed on our litepaper, disclosed prior to the end of June, as previously mentioned.
This is it for now, feel free to check our website and community/social channels for more info, and stay tuned for our litepaper release.
The Meridian team