Merchant token: the biggest Defi ICO of 2021 ... maybe not?

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Published
Timestamps:
- 00:00 introduction
- 00:25 What is Merchant Token
- 03:20 How does it work
- 05:26 Fee structure
- 06:41 Centralised Merchant Blockchain
- 08:59 Tokenomics
- 10:20 The good Things
- 13:00 The bad things
- 15:18 Final conclusion

The Merchant Token is an ICO that claims to be the biggest DEFI ICO in 2021. That is a bold statement and worth taking a look at. In this video we go over the good things and the bad things. In the end, everyone will have to make their own conclusion, but there are a few concerns for sure.

The solution that the Merchant Token offers makes sense: crypto payments are missing consumer protection because there is no chargeback solution. The Merchant Token wants to solve this issue. However this is hardly an innovate DEFI solution. Digging deeper into the white paper they mention their own private blockchain and a new token, which is concerning at least. Sadly this information is nowhere to be found on the timeline.

Additionally there is a lot of details missing concerning how to protocol works, what it'll do exactly on a technical level and what they'll be developing. I expect more from the biggest Defi ICO of 2021.

Of course it's not all bad: the team seems capable, they have their own POS solution and they are very public about who they are and it seems like they are getting the marketing machine up and running. Which is, at this stage of the bullrun, more important then fundamentals (just look at Doge Coin, Shiba Inu, Safemoon etc).

Long story short: I see room for a short term play. For a long term investment it's simply not clear what they are going for and depending on what it is, I see no future.

Usefull links:
- Merchant Token:
- Whitepaper:
- Company register:
- HIPS payments group:

#merchanttoken #ico #visa #mastercard

Let's get on that crypto train!

Bren

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