Services Funded by Escrow – Tokenomics

in #crypto5 years ago (edited)

Project Merge

Merge changes the way you pay for services

Changing your habits with wealth generation methods. Every time you pay for a service, that's less money you can invest. Wait you say, how else can you get services without paying for them? That's exactly what Project Merge is doing. What if I told you that's how the rich get richer and you and I work every day to pay for the services we buy. Wealthy individuals make their money work for them and avoid spending their principle but only spend the interest/profits they make with their money. That for example is how foundations and or endowments operate with huge budgets. Their budget comes from the profits they earn from investments.

Merge is going to change the way you think about paying for services.

Let's take hosting as an example of a service you are or have paid for in the past year. Every month you sent $5 to the hosting company for that month's hosting fees. At the end of the year, you would have lost $60. $60 out of your bank account that you could have invested. Not that much but think about all the services you pay for every month, it adds up. Now you're more broke then if you would have been investing that money. Merge allows you to pay for services without losing your principle. Let me first explain what an escrow is and how it secures two parties involved in a contract. An escrow is a financial arrangement where a third party holds and regulates funds required for two parties involved in a given transaction. It helps make transactions more secure by keeping the payment in a secure escrow account which is released when all of the terms of an agreement are met. Project Merge acts as the third party, securing MERGE tokens during the term for the contract between you and the service provider. Merge acts as the foundation, paying the service provider on your behalf for the services you use. This allows Project Merge to protect your principle from being spent. When you no longer need the services. The contract between you and the service provider is canceled. The Escrow associated with that contract is canceled and all of your principal is returned to you. Now a year has passed and all of your original Merge tokens are yours.

It's not magic or funny business, it's a simple wealth strategy you never thought was possible. Here's how it works on Merge's side. During the term of the agreement, coins held by the escrow are staked and placed in masternodes. The rewards generated by the blockchain are used to pay the service provider.

The term of the agreement can be extended by both parties, allowing the client unlimited use of the provided service. The provider profits by not having to bill and collect payment during the term of the agreement, eliminating lost revenue.

Current Service Providers

Project Merge has collaborated with several providers to offer services using the escrowed payment method. Services currently include:

Several other services are being built through collaborations with Project Merge.

Onboarding Clients

How does Project Merge use traditional financing to make client acquisitions seamless? Merge Blockchain Development Group USA LLC was formed in Wyoming to establish the sales of services, for the initial term of the escrow, using fiat payments.

Trading MERGE tokens

Currently, MERGE tokens are traded on two exchanges, MergeDEX and Folgory.

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