Why Meld is already a success even before it’s launch ??
Calling a project successful even before they officially launch, it indicates hype around that project & the development they are doing before the launch. In this article, I will try to explain why I think Meld is already successful even before the launch.
What is Meld ??
If you are active in crypto and always finding new ways to earn free crypto or airdrops then you might already know about Meld, that’s because of the ISPO of Meld. Talking about meld then it’s an DeFi, Non-Custodial, Banking protocol which is building on Cardano Blockchain it’s a first it’s kind of project building on Cardano so they have an early mover advantage in Cardano ecosystem. You can find more about Meld on the official site.
ISPO
Funding rounds are the most crucial time for any project in their early phases, investors usually invest in the later or mature phases of the project, ICO’s have so many legal issues across the world. So Meld came up with the idea which doesn’t include any risk for early public investors that was called ISPO( initial stake pool offering) which if you want Meld token you have to stake your ADA in the meld pool in return according to your stake you will airdropped Meld token & Meld will earn the profit from the pool which will be used to fund the project.
This new way of fundraising attracted so many investors who hold ADA, they just have to stake their ADA. That way they hold all their ada + they will be rewarded meld tokens as well.
This new way of fundraising increased the interest in Meld by the crypto community and all their pools got a tremendous amount of stake which is more than 620 million of ADA staked across all Meld Pools.
Partnerships
Partnerships play key role in success story of a project, I have seen projects struggling with this expect even years after launch, Meld has a different story they have stabilised key partnerships in the industry with big names as well let’s talk few of them,
Polygon(matic)
Meld & polygon are in partnership where they have to build ADAmatic bridge which will connect cardano & polygon blockchains which will work as a two way bridge. Polygon is one of the biggest projects in the market providing L2 solutions on ethereum, matic the native token stands at 19 rank in market with market valuations of 12 billions
Meld currently has nearly ten partnerships including a few great projects building on Cardano like WorldMobileTeam, Vent SundaeSwap. The partnerships list also includes Netvrk which is building a metaverse project.
Believers
Believing in a project that will be a success by the community is a huge success for the project & the community has shown that they Believe in Meld. I am saying this because I have seen projects celebrating that now they have 10k or 20k wallet holding their token but what if I tell you there are more than 40k eligible participants in the Meld ISPO which mean when meld will officially airdrop their token to participants their will be 40k wallets holding Meld at the very first day of launch. This makes me believe that Meld will have huge Community Support throughout the journey & that plays crucial role in the success story, we have seen this with many projects where community has lifted that project in the bad situation e.g. Ripple(Xrp) where the community is so strong that after SEC hit back they are still in top crypto rankings with more than 45 billion market cap.
Conclusion
Saying a project is successful even before the launch is a big thing, but seeing all these aspects where a project has an innovative DeFi model being built on the smartest blockchain Cardano. They have innovative Fundraising with no public fund involved, where they have great partnerships with some great projects around in the market. At the end with a strong community believing in the project. This is all a project needs to write the success story.
