Meld was the first company ever to carry out an ISPO. Olling started Meld in late 2020, and the company launched its ISPO, a new kind of crowdfunding, on July 1, 2021. It already claims close to have about 40,000 token holders for its $MELD tokens. Meld set this fundraising up over a period of months and worked on creating a community of supporters. We are very excited to provide unique financial products and services to our customers in the months to come as Meld tokens become widely-shared across different exchanges.” The ISPO Supporters staked $1 billion for the Meld ISPO. “Offering a way to stake cryptocurrency as collateral against a fiat loan is powerful for so many reasons - not the least of which is sheltering highly-volatile cryptocurrencies from a forced sell during a market bottoming out. “We are excited to offer billions of people a new way to access powerful financial instruments, products and services - but even better and more innovative thanks to the power of the Meld protocol,” said Olling. Meld aims to help them by providing a range of financial tools and solutions built around leveraging cryptocurrency assets as collateral for fiat or crypto-based loans, said Ken Olling, CEO of Meld, in an interview with VentureBeat. More than two billion people in the world don’t have bank accounts or are so poor they don’t need them. It has created a non-custodial, decentralized lending and borrowing protocol that is aimed at leveling the playing field between financial haves and have-nots. Singapore-based Meld has raised $45 million via the ISPO as well as a separate private token sale. One of the things Meld does is let people use cryptocurrency as collateral for getting loans in fiat (traditional currency such as U.S.
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