Meritt is a platform that allows legal entities and individuals to fully control their digital assets. Thus, it will be fairly easy for all platform members to develop and distribute tokens via the Meritt network since this ecosystem is intended for their release. https://www.meritt.co/
Problems to solve
There are quite high thresholds for entering the cryptocurrency area for those who want to create and distribute their own tokens nowadays. This may be due to several factors, for example, rather high costs to draw developers to the process of developing tokens.
A firmly developed token is always a big investment in digital currencies that require the evolving of the most qualified specialists in the cryptocurrency area, who have certain competencies in the area of fintech, software, a blockchain, and other modern technologies. This factor largely depends on the use of certain technologies when developing a token.
Token development is a centralized measure. The goal of centralization usually means a small technical hitch while developing tokens, inefficiency, increased costs and inflated prices. On the other hand, the participation of intermediaries means that stakeholders do not have complete control over the process of creating their own tokens.
Meritt solutions
Meritt developers launch an ecosystem that will allow developers to create their own digital assets and develop channels for the distribution of issued tokens. These channels will be a part of the blockchain and have a number of advantages, including the use of dApp (decentralized applications), which the main purpose will be the sale of cryptocurrencies.
Moreover, users will have access to a social network where colleagues can communicate with each other not only to strengthen the level of trust in the network but also to promote their digital currencies and to strengthen the market as a whole.
It is important to understand that tokens are the preferred unit of accounting for assigning a value to transactions, in such areas as e-commerce, thematic voting, file sharing, etc. That is why their benefits grow and each project that uses blockchain develop its own cryptocurrency.
However, token development is quite a complicated and expensive process, which at the moment remains centralized, which contradicts the token's work principle. Therefore, there is a need to solve this problem on the basis of blockchain which offers Meritt.
Pros of the platform
- this ecosystem would be fully decentralized;
- private users data and their identity will not be available to third parties;
- platform's data will be stored in the blockchain, which will protect them from theft or attempts to break into;
- the blocks where the data will be stored will be segmented, encrypted, distributed and duplicated in a peer-to-peer ecosystem, thereby reducing the risk of data loss;
Summary
The Meritt platform offers its users a new innovative solution that allows them to develop their own digital assets. The blockchain of this ecosystem has a number of functions that guarantee the management of the token sale through certain channels, as well as the use of the marketplace of decentralized applications or a social network of like-minded people.
For more detailed information about the project and the terms of participation, I recommend to visit the links below:
☑️ Link to the project:https://www.meritt.co/
☑️WhitePaper:https://www.meritt.co/#
☑️Telegram:https://t.me/Merittprotocol
☑️Twitter: https://twitter.com/MerittProtocol
☑️ANN: https://bitcointalk.org/index.php?topic=4549084.msg40971330#msg40971330
Author:https://bitcointalk.org/index.php?action=profile;u=1047035