Review on Meridian Network by Pedro O. Alvino M.
Dapps ecosystem composed of a DAO.
Project developed from a community and a foundation in charge of implementing the developments in the project, fund management and marketing matter, so that its platform allows users to have an ecosystem of Dapps to be executed for different commercial purposes, etc.
Being composed of a decentralized governance, everything is governed through this system, so the future of the project depends on the decisions made by the community, where the usefulness of the LOCK token is fundamental since it is required for participation in Community voting, also depending on the development of the DAO Aragón application, this allows you to include proposals and vote without incurring gas fees, something that other projects made up of DAO do not contain, where you can also view the different proposals, project financing and donations.
Project executed on the Ethereum network, has an extensive list of competitors in this same section, so the outcome of the project in the market can be difficult, because it is still in the development phase, in addition to its token be a token of the Ethereum network with a high degree of network fee costs, limiting the use of the token itself for DeFi protocols in which it is available.
Pros
- Designed for the development of Dapps and its token is compatible with various DeFi protocols.
- It has partnerships and support from several recognized cryptographic institutions and projects.
- It is structured with decentralized governance (DAO).
- Allows users to submit proposals and votes without resorting to gas rates.
Cons
- Being community-based, funds for the development of the project are scarce.
- The project is still in the development phase.
- The current Ethereum network problem of high network fee costs may hurt the economy of the LOCK token.
- There are already a large number of projects with the same design.
