Cryptocurrency

Premine

Merge's 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 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 supported 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 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 June 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. This 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 supported the network.

Block Rewards

Merge's coin block rewards is estimated to last during ten years from the genesis date, that is, until 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's coin block rewards at http://coin.projectmerge.org

Proof-of-Stake

Receiving Proof-of-Stake (PoS) rewards using Merge's 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.