[ANN]🚀🚀🚀Merit🚀🚀🚀[Proof-of-Growth][PoW][Vaults][Aliases][Escrow][No ICO]

[KAMO287]

Did this project do an airdrop yet?  If not, will there be one? 

Also, if you are not doing an ICO, how are bigger investors supposed to be able to buy larger bags?

There was no ICO because the core team didnt see it as a fair distribution of Merit - and it's a heavy lift to manage - not their focus as they intend to build working product

and no airdrop that I know of... they kinda just hit the ground running and arnt looking back! You can get airdrops from the pools though if you mine (sometimes).

GREAT question about larger bags.

there is a built in escrow service/market for Merit and BTC. Check it out at https://market.merit.me/   - I think it's slick and has easy integration with their wallets!

[sizzleplussteak]

Oops -- my mistake.  You are right.  I didn't realize there was a dashboard that lets you visualize the network.  Is this an official Merit project?  I didn't see it in the ANN.

Yes, https://dashboard.merit.me/ and everything on it (including the star chart) is part of the official Merit project. It's inspired by the block stats explorer project developed my disifi (https://merit.disifi.com/).

Then this should totally be in the ANN -- it looks really good, and helps make the project feel more legitimate. 

[disifi]

Quite interesting -- is there some simple explanation for how the community growth score (CGS) is calculated?  If not, can someone point me to the section in the BluePaper about it?

It's on page 10, part 4.5, really complex thing.

In short, it's as I posted earlier:
- get as much Merits as possible and hold (it matures, 50% after 7 days, fully after 30 days)
- invite as much people as you can with as much Merits as possible
- teach them to do those two things above, so your network will be growing

[KAMO287]

Quite interesting -- is there some simple explanation for how the community growth score (CGS) is calculated?  If not, can someone point me to the section in the BluePaper about it?

It's on page 10, part 4.5, really complex thing.

In short, it's as I posted earlier:
- get as much Merits as possible and hold (it matures, 50% after 7 days, fully after 30 days)
- invite as much people as you can with as much Merits as possible
- teach them to do those two things above, so your network will be growing

For those lurking and wondering more - adding to this:

Blue Paper Link:  https://www.merit.me/uploads/2018/bluepaper.pdf

From page 10/11:

1. Aged Balances of all the addresses.
2. Address Contribution of all the addresses.
3. Subtree Contribution of all the subtrees in the Ambassador Forest.
4. The Weighted Score of all the addresses.
5. The Expected Value of each address.
6. And finally the Community Growth Score of each address.

It is quite complex- but well thought through and designed. The team is always working to improve it

[disifi]

Oops -- my mistake.  You are right.  I didn't realize there was a dashboard that lets you visualize the network.  Is this an official Merit project?  I didn't see it in the ANN.

Yes, https://dashboard.merit.me/ and everything on it (including the star chart) is part of the official Merit project. It's inspired by the block stats explorer project developed my disifi (https://merit.disifi.com/).

Then this should totally be in the ANN -- it looks really good, and helps make the project feel more legitimate. 

Well that dashboard was not supposed to be publicly announced yet, there are some things to be done and dev team wants to make things to some proper state before publishing (as you can see with announcing whole project). But too late I think

[damage83]

The scam exchange that posted on here earlier made me wonder -- will MRT ever be listed on a real exchange?

How can an invite-only crypto become listed on an exchange like Binance or BitMex, where the wallet itself is hosted?  Will the user need 1 invite-token to have a regular wallet and then another invite-token to trade on an exchange?  

[AbhijoySarkar]

Well, I think that the team needs to promote the idea on various platforms including social media platform as well as the forum

Agreed. The Team is currently involved in heavy dev stuff. Their Git repo keeps updating all the time!
If you are into DOTA, here's something cool they did recently - https://www.merit.me/blog/merit-partners-with-jeremy-lins-dota2-esports-teams-vgj-storm-vgj-thunder/

[disifi]

The scam exchange that posted on here earlier made me wonder -- will MRT ever be listed on a real exchange?

How can an invite-only crypto become listed on an exchange like Binance or BitMex, where the wallet itself is hosted?  Will the user need 1 invite-token to have a regular wallet and then another invite-token to trade on an exchange? 

It definitely will, from FAQ:

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.

[AkiAfroo]

Well, I think that the team needs to promote the idea on various platforms including social media platform as well as the forum

Agreed. The Team is currently involved in heavy dev stuff. Their Git repo keeps updating all the time!
If you are into DOTA, here's something cool they did recently - https://www.merit.me/blog/merit-partners-with-jeremy-lins-dota2-esports-teams-vgj-storm-vgj-thunder/

[KAMO287]

The scam exchange that posted on here earlier made me wonder -- will MRT ever be listed on a real exchange?

How can an invite-only crypto become listed on an exchange like Binance or BitMex, where the wallet itself is hosted?  Will the user need 1 invite-token to have a regular wallet and then another invite-token to trade on an exchange? 

To my limited understanding of behind the scenes - the team has mapped out the solution for this.

I'll copy and paste from the website FAQ: https://www.merit.me/faq/

Not yet!

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.

[MarshallJennifer]

Good night,  Who doesn’t know, anti-money laundering (AML) is a term mainly used in the financial and legal industries to describe the legal controls that require financial institutions and other regulated entities to prevent, detect, and report money laundering activities.

[AbhijoySarkar]

Well that dashboard was not supposed to be publicly announced yet, there are some things to be done and dev team wants to make things to some proper state before publishing (as you can see with announcing whole project). But too late I think

Whoops  ! Good things don't stay hidden for long 

[hhhha]

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

[xaker74]

Some additional info about the Merit Market which was launched July 20, 2018

We have made it a priority to try and get this right (as evidenced by our countless facelifts and changes in direction for the Market).

In July:

• There was ~30,000 MRT in volume
• There were 198 orders placed to purchase MRT

In August:

• There was ~330,000 MRT in volume
• There were 563 orders placed to purchase MRT

Since our last big release for the Market on August 24, 2018 (which included simplifying buying multiple listings with BTC escrow), we've seen a significant spike in both volume and the price of MRT on the Market.

We're constantly looking to improve what we've created so far - as the community can attest. Stop by #ideas on our discord channel or create a Github issue in our new market-ideas repo.

Thanks!

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?

[AkiAfroo]

Some additional info about the Merit Market which was launched July 20, 2018

We have made it a priority to try and get this right (as evidenced by our countless facelifts and changes in direction for the Market).

In July:

• There was ~30,000 MRT in volume
• There were 198 orders placed to purchase MRT

In August:

• There was ~330,000 MRT in volume
• There were 563 orders placed to purchase MRT

Since our last big release for the Market on August 24, 2018 (which included simplifying buying multiple listings with BTC escrow), we've seen a significant spike in both volume and the price of MRT on the Market.

We're constantly looking to improve what we've created so far - as the community can attest. Stop by #ideas on our discord channel or create a Github issue in our new market-ideas repo.

Thanks!

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?

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

[BitCoinsForGold]

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?

[rachel_martinez]

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 ?

[KAMO287]

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 ?

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!

[AkiAfroo]

a nice video about Merit must see!

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

[Ensaladilla1]

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.