FAQ

Merge Coin

Premine

The Merge Coin has a premine of 33,000,000 MERGE.

Two budgets were initially created with the premine, the Swap and Main Budgets, which we explain below.

The premine as a whole is not used by Merge to increase income via PoS nor masternodes. However, the Merge team can use the Merge Coins they receive as compensation (from the Main Budget) the way they decide it is best.

Track the premine. Note: 20,000 MERGE from the Main Budget were initially used to setup 2 masternodes that support the network.

Swap Budget

It allocated 23,000,000 MERGE that was used to swap abandoned coins to Merge. Read more about swapping to Merge at Swap to Merge.

Track the Swap Budget (during swap period).

The swaps were active for a limited period of time. After that period, the remaining Merge Coins from the Swap Budget were time-locked for the next five years into sixty new MERGE addresses.

Each of the sixty addresses represents a month, being the first one for July 2019 and the last for June 2024. This way, each address is used as a monthly budget that funds community proposals for Merge. The amount not spent in a month is moved to the next month available after August 2024.

Track the Swap Budget (after swap period).

Main Budget

Allocates 10,000,000 MERGE and is used to cover the costs for the continuous development of Merge. That involves the team's remuneration and payment of marketing, business, community and development tasks.

The Main Budget started in one concrete address. Then it was moved to different ones until it got fixed into one, which can be tracked here. Note: 20,000 MERGE from the premine were already used to setup two masternodes that support the network.

Block Rewards

Merge Coin's block rewards is estimated to last during ten years from the genesis date, thus by the end of 2028. After that, all payouts will cease unless any consensus change states otherwise.

By the time the exponential decrease starts, block rewards will decrease in variable intervals, being the longest 197 days.

See Merge Coin's block rewards at http://coin.projectmerge.org

Proof-of-Stake

Receiving Proof-of-Stake (PoS) rewards using the Merge Coin Wallet will depend on two factors:

  1. Number of coins being staked. The more they are, the more chances to receive PoS rewards.

  2. Age of the coins being staked. The longer the coins have been staked, the more increases the probability to receive PoS rewards.

Remuneration

Two types of compensation are provided to the Merge team. These can be categorized into two phases:

Pre-launch phase

Covers the period between the foundation of Merge, by the end of June 2018, and the day the Merge Coin was released on the mainnet, by the end of December 2018.

For this period, the team agreed to compensate, with MERGE masternodes, the effort of those colleagues who started from the very beginning and actively contributed in the project during such a long time. Then, those colleagues who joined in the middle of that process were agreed to receive a monthly salary in MERGE.

The total amount of MERGE masternodes to grant were never going to exceed the allowance the team set for them, which was a total of 100 masternodes (1,000,000 MERGE, which was the same given to the swapped coins of Priority Sequences A and C). In the end, only 55 masternodes were granted and the remaining allowance stayed as part of the Main Budget.

The mentioned masternodes were granted soon after the Merge Coin was born. However, the team decided to lock them during one year to show the community the team's compromise towards the success of Merge. Moreover, locking those masternodes helped supporting the coin's network during the first weeks and the Swap to Merge event.

Post-launch phase

Covers the period after the Merge Coin was released on the mainnet, from the end of December 2018 onwards.

For this period, the team agreed on a monthly compensation for the work done to further develop Merge.