Meritt icon

Bespoke digital assets with no fee & no middle man - examples


A merchant creates and distribute its own tokens as vouchers for discounts

=> Utility tokens for decentralised economies

A trusted community creates its own tokens and sell them to members to fund a wind turbine that benefits the entire community

=> Service tokens for decentralised communities

An individuals requests a loan with his trusted networks by simply creating and selling his loan tokens to his communities, friend or family

=> Loan tokens for
fundraising

A small company disclose its Meritt scoring, creates its own equity tokens, and sells them on the marketplace

=> Equity tokens as financial instruments

Solution: Decentralised creation & distribution of bespoke digital assets
for individuals, communities and businesses


Digital assets creation & distribution

PROBLEMS

High barriers to entry

  • High fees or developers required
  • No avenues for small projects

Centralised & intermediated

  • Contractors /permission / fee required for issuance tokens
  • Opaque and poor stewardship

No standard & tool to easily & freely deploy and distribute bespoke digital assets

SOLUTION

MERITT

Create your bespoke digital asset yourself and manage your distribution

  • Choose features of your digital asset and its distribution
  • List your digital assets for sale on the dApp marketplace, or
  • Sell your digital assets to your social network on trust basis.

Create your own bespoke token digital asset using the Meritt protocol

Asset class agnostic protocol

Loan & equity can be easily issued in form of bespoke and unique digital assets. Services or assets ownership can also be transposed onto digital assets and traded.

Key terms of your digital asset like future payments or

voting rights are on the blockchain and executed via smart contracts Transparency, trustless execution & stewardship

Sovereign ID and secured data ownership

Full control and ownership of personal data in encrypted private storage. Disclosure on zero-knowledge basis.

Decentralised, permission less and free, no fee, no

middle-man. Blockchain architecture for a true peer to peer environment. Gas only to pay.

Build and deploy on-chain your digital assets or token:

Choose the features you need for your token & implement your distribution using the Meritt building blocks

Tap
Hover
on the blocks to
learn how they work!

Token Building blocks

1.Token
trading:
public or private ?

1. Meritt Financial contract are compliant with the ERC20 standard setting the basis for token transfers and splits, Transfer can be restricted to a closed user group and temporarily suspended (token can be frozen).

2.Payments
to token holders ?

2. Any payments from the contract token issuer (a dividend payment by a company for example) to the pool of participants is automatically transferred to the relevant wallet where the issued token are being held. The distribution respects the pro rata distribution of the underlying asset.

3.Voting or communication for token holders ?

3. Participants (contract token holder) to vote on-chain through voting interface when required. The voting mechanism can be public with votes being submitted directly to the contract for evaluation. Alternatively, votes can be private with only a hash being submitted to the contract to ensure authenticity of the vote.

Two-way information channel: (i) Contract token issuer can broadcast messages through the smart contract to all Participants to comply with information undertakings (ii) Participants can send messages to the issuer when the contract requires (e.g. notice in certain cases like exercise of an option).

4.Token distribution: private off-chain or public on-chain ?

4. Via a Meritt network dApp, the entity seeking funds creates and issue a financial contract, the corresponding contract token are minted and placed in a dedicated distribution contract which automatically send contract token on reception of payment from participants (similar to a vending machine).

5.Token
terms, public or private on explorer?

5. Participants and observers can query Meritt registers to obtain data about the existence of Meritt contracts deployed (to the extent those are public) as well as data on the events associated with each of the contracts.

6. Personal information storage: distributed or local

6. Allows Meritt users to manage and provide identity and other personal information in a self a self-sovereign environment and provide granular access to their data on a partial and a zero-knowledge basis. Data itself can be self-hosted or held in a distributed data storage.




Build your trusted networks on the Meritt dAPP and
distribute your token within your communities

Trusted communities

Create or join your trusted group on Alpha

Self-issue and sell tokens to trusted group members

Support your community and participate in a token issuance from a trusted member

The trust within a community acts as a soft guarantee No Alpha underwriting score is required

roscus

A token sale can be easily launched and managed on the Alpha dApp. A trusted community can create its own digital assets and sell them to members to fund a project that benefits the entire community. The community issuer decides on rights attached to the digital assets held by members, these could be voting rights for members to vote on the use of the total proceeds, or dividend rights from profit made.

roscus

“Blockchain digital asset = Token”

Build your Meritt score on the Meritt dAPP and distribute
your token on the peer to peer marketplace

Token buyers

fund providers

--

Select tokens based on Meritt score Buy directly or on portfolio basis

Token Issuer

fund receiver

--

Access funding on the peer to peer marketplace Disclose your Meritt score and list your token

Buyer steps
  • Select token based on Meritt score
  • On matching and funding, buyers receive selected tokens on wallet
  • Also receives MTT reward on wallet for funding
Blockchain
Issuer steps
  • Place small deposit in MTT
  • Build bespoke token (utility, loan, ..), and disclose Meritt score
  • Self-issue bespoke tokens on marketplace
  • On matching with buyers, issuer receives funding amount on wallet

Token buyers

fund providers

--

Select tokens based on Meritt score Buy directly or on portfolio basis

Buyer steps
  • Select token based on Meritt score
  • On matching and funding, buyers receive selected tokens on wallet
  • Also receives MTT reward on wallet for funding
Blockchain
Issuer steps
  • Place small deposit in MTT
  • Build bespoke token (utility, loan, ..), and disclose Meritt score
  • Self-issue bespoke tokens on marketplace
  • On matching with buyers, issuer receives funding amount on wallet

Token Issuer

fund receiver

--

Access funding on the peer to peer marketplace Disclose your Meritt score and list your token

MTT is the Meritt protocol token

Digital asset issuers on the protocol required to deposit a small amount in MTT - for network protection

Buyers of digital assets issued on the protocol are rewarded with MTT tokens - for network adoption

1/. MTT DEPOSIT

Meritt

Fund seeker issue bespoke digital assets for sale:

  • P2P borrower
  • Company
  • Community

2/. Bespoke digital assets

3/. BTC , ETH

Fund providers buy specific digital assets

  • Lenders, relatives, banks, investors
  • Supporting community members

4/. MTT REWARD FOR EARLY ADOPTERS

Meritt

1/. MTT DEPOSIT

Meritt

Service or asset seller issue bespoke digital assets for sale:

  • Vendor selling services
  • Asset seller

2/. Bespoke digital assets

3/. BTC , ETH

Service or Asset buyer buy corresponding digital assets

  • Shop customers
  • Vendor customers

4/. MTT REWARD FOR EARLY ADOPTERS

Meritt

MTT demand increases with user adoption and volume of digital assets issued on the protocol MTT supply fixed

1/. MTT DEPOSIT

Meritt

Digital asset issuers on the protocol required to deposit a small amount in MTT -
for network protection

Fund seeker issue bespoke digital assets for sale:

  • P2P borrower
  • Company
  • Community

Service or asset seller issue bespoke digital assets for sale:

  • Vendor selling services
  • Asset seller
  • 3/.
    BTC , ETH

  • 2/. Bespoke
    digital assets

  • 3/.
    BTC , ETH

  • 2/. Bespoke
    digital assets

Fund providers buy specific digital assets

  • Lenders, relatives, banks, investors
  • Supporting community members

Service or Asset buyer buy corresponding digital assets

  • Shop customers
  • Vendor customers

Buyers of digital assets issued on the protocol are rewarded with MTT tokens - for network adoption

Meritt

4/. MTT REWARD FOR EARLY ADOPTERS

MTT demand increases with user adoption and volume of digital assets issued on the protocol MTT supply fixed

MERITT token allocation

Q4 2018
MTT
ERC20
5000 MTT = 1 ETH
0.1 ETH
1,200,000,000
504,000,000

Token allocation

Budget allocation

Roadmap

Roadmap

  • Sep 2017

    Launch

  • Nov 2017

    Website, white paper, source code

  • 2018

  • Feb 2018

    Protocol smart contract development, Meritt front end wireframe design

  • Apr 2018

    Meritt protocol v0 on Rinkeby testnet

  • May 2018

    Protocol integration with Meritt front end

  • May 2018

    Meritt web progressive dapp released, integrating light wallet and token issuance

  • Jul 2018

    Meritt Marketplace & community framework - alpha version (Utility tokens and loans)

  • Aug 2018

    Token allocation

  • Aug 2018

    Meritt underwriting & scoring - module v0

  • Sep 2018

    Meritt protocol V0.1 on Ethereum mainnet

  • Sep 2018

    Native apps for iOS and Android

  • Oct 2018

    RSK integration - Meritt protocol on the Bitcoin blockchain

  • Nov 2018

    Meritt Marketplace v0.1 (portfolio function enabled)

  • Nov 2018

    Community framework v0.1 (group and trusted network function)

  • Dec 2018

    Whisper client chat integration (i.e. Ethereum P2P messaging)

  • Dec 2018

    Escrow smart contract for on-chain collateral deployed - secured token issuance

  • 2019

  • Mar 2019

    Cross chain and atomic swap integration

  • Jun 2019

    Meritt underwriting & scoring - v0.1 (processing data over distributed storage)

  • Dec 2019

    Banking licence application for fiat lending

  • Dec 2019

    Stable coin integration

Team

Experienced team based in London with coverage in Asia

Meritt leads

  • Hicham Errafass

    STRUCTURED FINANCE EXPERT

    GE CAPITAL, ESCP Europe

  • Rayan Goutay

    Rayan Goutay

    Regulatory Expert, FCA

    Goldman Sachs, Panthéon Sorbonne

  • Kiung (Tom) Ku

    Kiung (Tom) Ku

    Asia Manager, Citibank, E&Y

    Columbia Business school

  • Jay Best

    Jay Best

    AI & Blockchain specialist

    Cogni Capital, MIT

Developers

  • Stefan Loesch

    Stefan Loesch

    Blockchain architect

    Cryptocustodian, INSEAD

  • Bilal Arif

    Bilal Arif

    Lead developer. Full stack &

    solidity developer

  • Muhammad Khan

    Muhammad Khan

    Blockchain Engineer

  • Danish Saber

    Danish Saber

    DApp Developer

Community managers, marketing, IT

  • Dan Eve

    Dan Eve

    Crypto community engagement.

    Cryptocurrency Miner, Investor

  • Candice Morris

    Candice Morris

    Charities & trusted communities engagement

  • Adrian Slusher

    Adrian Slusher

    Marketing & digital media

  • Lina Kim

    Lina Kim

    Asia coverage

    Crypto community

  • Shireen Sivan

    Shireen Sivan

    Meritt Ambassador Lead

  • Philip Leipper

    Philip Leipper

    Computer science teacher

    King’s college London

Advisors

  • Eric Alexandre Ceret

    Eric Alexandre Ceret

    FOUNDER JETCOIN INSTITUTE

  • Candice Morris

    Lidia Carmina Dumitrascu

    CEO VentureBoost Ltd

  • Candice Morris

    Filipe Alves Moura

    Senior Corda Developer

    Nth CEO

  • Demetrios Zamboglou

    Demetrios Zamboglou

    Director - Lykke exchange

  • Jineshwar Kochar

    Jineshwar Kochar

    Fintech analyst

  • Jan Bolhuis

    Jan Bolhuis

    BLOCKCHAIN ARCHITECT

Whitepaper

Whitepaper

CHECK OUR GITHUB REPOS

Partners

Partners

Blog

Media Coverage