Topic: [ANN]🚀🚀🚀Merit🚀🚀🚀[Proof-of-Growth][PoW][Vaults][Aliases][Escrow][No ICO] - page 29. (Read 33430 times)

Just to clarify, this project has no Masternodes.

Small addition to awesome KAMO response about centralized wallets - actually there is also full node wallet, not only centralized. You can run full node for yourself. https://www.merit.me/technology/#get-core-client

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From website FAQ:  https://www.merit.me/faq/

The Merit Market is our first exchange. =] We have not talked to any third-party exchanges yet, but we plan to reach out to them soon. We followed this strategy for many reasons.

The short version is that Merit has been successful so far in onboarding many new users who have never used crypto before. We are extraordinarily proud of this. And most exchanges are “Expert Mode” with 100s of currency pairs and very complex “daytrader” interfaces.

We wanted to be sure that we provided a remarkably simple and easy way for new users to Merit (and crypto in general) to get their hands on Merit.

Additionally, because Merit is invite only, exchanges will have to do a little extra work in order to list MRT. We have several ways to facilitate this process, but in the short term we will continue to support the Market.

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Right now it's early, and invites are slowly starting to get distributed - eventually I think the goal is that if someone needs an invite, we have them and many are ready. Not that everyone will have 1000 invites, but the idea is that we'll always have someone ready and willing to share the invites.


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- 1 of 10 blocks for PoG miners
- from the rest:
      - 50% awarded based on your CGS (community growth score).
      - 40% awarded to new addresses (Max 1 per address).
      - 10% awarded to random addresses.
- Minimum of 144 invites airdropped per day. Grows as needed.
- Number Airdropped based on overall growth, more growth means more invites generated.


Let me know if that helped!

No, it's not in plan. Here invites are not to restrict access to project, exactly the opposite, it's supposed to make it grow. Algorithm for generating invites are dynamic so there won't be out of stock - if more invites are used, more invites will be distributed.

Is the plan for this project to be invite-only forever?  Or just for a limited period of time? 

I think we are all familiar with famous growth stories based on an invite-only model.  (Facebook, GMail, Pinterest, Spotify)

But, I think in all of the above cases, the product eventually CAME OUT of this invite-only stage and became publicly available. 

I'm not saying this is needed for Merit to be successful, but I'd like to understand if there is some plan for this.

I have few question regarding this project:

They have only centrally control wallet and market, how it will add to other exchanger or services?
How it will grow, if other 3rd party services can not use it without invitation?
How exactly invitation created?

I was able to catch one of them on Discord - and in simple terms - the MeritMoney and MeritInvite "escrow" links are decentralized and designed + scripted to act like a smart contract. Basically the funds or invites will sit out there for eternity if the end user never claims them OR if the transaction is never canceled.

To be honest. It's a huge feature and I have only used it a few times- In the wallet it has the option to send it to email, phone or just create a link - you can even add a password to protect it from getting used by the wrong person.

If anyone wants to see how this works, send me a PM - I am honestly wanting to test the password feature (never done that). I'll drop in some merit and an invite if you want to test it.

DONT go out and create a wallet/alias yet. The link is intended to be sent to someone who isnt a part of Merit. It would be cool to hear about the experience! PM me- I can email a link, text a link, or I can drop the link in bitcointalk PM .

Thanks for letting me be curious  

My interest would be in getting people to buy things.  To be honest, I don't think there is much of a market for any altcoins that are not in the top ~50 in the next 24 months.

So, to me, this coin would be especially interesting if it made it easy to buy things in the real-world.  Or, if it solved P2P sending more deeply.  

If they are going to solve P2P sending (like Paypal), I cannot see it being done without some form of fiat-bridge.  

Thanks for this answer -- I will also wait for someone on the Core Team to elaborate more.

It seems to me that there are two paths: 1) Getting people into crypto for the first time (helping them get other coins, possibly).  2) Allowing people to use crypto in their daily life, like buying stuff. 

LoL, not really even sure what this means. 

In any case, the project is already realized.  There is a livenet.

I know I have heard the team ideating around how to approach this - I am not sure where they are at when it comes to the roadmap or things behind the scenes as testing or prototyping. This first wave of P2P seems to be the focus during this phase BUT they are very aware of the need for exchanges and retailers and Point of Sale applications for Merit to be used and adopted to the masses.

Maybe someone from the team can add more details on the roadmap side of this 

Good day  I am interested in this business because it could be a turning point when it will be realized. It'snecessary to help to promote it. A modest sum is sufficient to make it concrete

If you have a good mining team with Nvidia graphics you can get many MRTs per day.

I have 1 invitation available to join the Merit community and start mining to win Merit (use it only if you plan to mine)

https://wallet.merit.me/?invite=Ensaladilla

IMPORTANT: Send a private message to my user @Ensaladilla in the Discord channel to activate the account.

a nice video about Merit must see!

Blockchain World Conference
https://youtu.be/-eL_417CYZI?t=1m33s

Merit is already usable for P2P transactions and has an active market for volume. What features are you most interested in that you think should go global?

Right now I can say that services are actively being used already across the world.

They intend to keep adding features as they are ready that's for sure!

I just went through the whitepaper. Do you plan to offer the service worldwide from Day #1 or do you have a first geographical area in mind to start with ?

So, this project seems to have a focus on making crypto accessible and easy for everyday users, right?

So far, the wallets seem quite easy to use, and I can see someone less technical than me being able to use it without training.

But, a big part of everyday usage is to actual buy things.  Even though the team has a big eCommerce background, I don't see anything in the ANN (or website) about retail partnerships.

Is there a plan for this?  Or is the idea to just focus on PayPal use case right now?

copy paste the info is already in our discord: yes, more altcoin will be added and FIAT too 

Those are some good stats.  And good growth.  What are the future plans for the market?  Today, it supports only MRT and BTC, right?  Will you add more currencies?  If so, will they be altcoins, or major coins?

需要邀请使用我的邀请码，在这里给我发私信，我会马上接受
https://wallet.merit.me/?invite=hhhha1