PRESS RELEASE. Meld, the first decentralized protocol that incorporates fiat loan capabilities into the cryptocurrency ecosystem, announced that its token, MELD, is now available for trading on the FMFW.io exchange with USDT.
MELD provides a range of financial tools and solutions built around leveraging cryptocurrency assets as collateral for fiat or crypto-based loans.
MELD is unique in terms of token launches as it already claims more than 40,000 token holders. MELD was the first company ever to carry out a successful ISPO (Initial Stake Pool Offering), which attracted $1B US worth of crypto (in ADA tokens) in less than 3 months and helped the company raise USD 10M for its own funding ($45M total raised to date via an additional private token sale).
“We are so excited to see the successful launch of the MELD token. This is the first bright point on our way to being the first decentralized lending and borrowing protocol for crypto and fiat.” – said Ken Blauer, CEO of Meld.
Danish Chaudhry, CEO of FMFW.io, also added his thoughts on the MELD listing, “We’re excited to have MELD on board with us – their solution helps customers securely lend and borrow crypto and fiat, bringing DeFi to Cardano, which is extremely beneficial to the entire ecosystem.”
MELD represents the first decentralized protocol that incorporates fiat loan capabilities into the cryptocurrency ecosystem. MELD enables low-friction transactions between crypto and fiat positions, while maintaining control of a customer’s owned digital assets. The MELD token can be staked on the MELDapp to provide insurance for the MELD protocol. In doing so, MELD stakers will earn an APY through protocol fees and liquidity reward programs (up to 15% currently). The MELD protocol was created to bind the on-chain and the off-chain worlds together, as well as uniting the many Blockchains and DeFi protocols.
The mission of FMFW.io is to empower people from all over the world to trade cryptocurrencies with ease and confidence, from first-time traders to advanced trading professionals. With high liquidity, 24/7 multilingual support, and dozens of trading pairs complemented with a high level of security, we offer an attractive platform for trading any cryptocurrency.
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