When the world was first introduced to the concept of using digital assets as a medium of exchange back in the year 2009, Bitcoin was the one and only cryptocurrency available to the masses. Back then, people were not enthused and were highly skeptical with the idea of transacting with a virtual currency stored on a digital ledger secured through cryptography — the idea itself was coined as far fetched and absurd.
And here we are in the year 2020, with the market for digital assets being saturated with a myriad of different cryptocurrencies known as altcoins. An estimate by CoinMarketCap in September 2020 suggests that there are close to 7,000 different types of crypto assets in circulation.
While it is safe to suggest that cryptocurrencies will be here to stay, it is also safe to indicate that a large majority of the digital assets in circulation hold little to no value with no discernible purpose. Following the meteoric rise of cryptocurrencies in recent years, the market has been oversaturated with cryptocurrencies of immense promises with no means to justify them.
As an investor or a budding crypto enthusiast, one should understand the dynamics of cryptocurrencies and how to differentiate a genuine project such as Merge from the rest of the playing field. The three following features will illustrate why Merge is not just another bystander in the crypto sphere.
1. Zero crowdfunding startup
Ever since the cryptocurrency Initial Coin Offering (ICO) boom in 2017 and the winter downturn that ensued, investors have been burned as a result of crypto pump-and-dump and exit schemes. These failed schemes are the epitome of all the negative skepticisms surrounding the cryptosphere, with fraudulent developers walking away laughing to the bank at the expense of their defrauded investors.
Merge is very different. Different because we are a collated group of communities from defrauded cryptocurrency projects. Merge was conceptualized to provide holders of abandoned cryptocurrencies a new lease of life and a unilateral group direction to strive for. Potential investors for Merge will not have to worry about a pump-and-dump or exit scheme because we were never incorporated through conventional cryptocurrency crowdfunding. The first Merge coins were distributed through a swap mechanism for communities of abandoned projects, and what ensued is quite self-explanatory evident of our journey thus far.
The Merge community operates cohesively as a tightly knit unit with one common objective — to provide a better user experience for Merge and all of its users. We are essentially a group of dedicated individuals working together on a freelance basis. Our motivation to achieve our shared objective, in the long run, is quite literally the building block that sets us apart from the rest of the playing field.
A sign of a promising project destined for success is progression. Evolution has taught us that only the strongest will survive as we adapt to our ever-changing surroundings. Cryptocurrencies are no exception as they continue to progress in line with advancements in technology and digitalization.
Merge has come a long way since the very first Merge coins were distributed. What started out with a Proof-of-Work (POW) consensus then transitioned to a hybrid Proof-of-Stake (POS) consensus with the capacity to host masternodes. Fast forward to the present, and Merge is about to cap another colossal milestone and unleash a game-changer with its quintessential blockchain upgrade — a hybrid rebase of BTC v0.20 core with added PIVX and DASH layers.
Being versatile is quite an understatement as Merge has quite an impressive repertoire of functions that complements each other. Merge provides avenues for blockchain and non-blockchain services, with its ecosystem geared at creating a finely tuned balance for every assemblage of different users.
Traders and investors will be able to store their Merge coins on their native wallet while generating staking rewards as well as trade their coins on a few reputable exchanges. Developers will have access to Merge’s new hybrid blockchain to execute smart contracts or to develop decentralized applications. Users will also be able to utilize Merge’s escrow services for third party transactions. This extensive list goes on as it undermines both Merge’s impressive capacity and its massive potential.
Let’s face it, there will be many more cryptocurrencies sprouting out by the day, and each one of them will make a self-proclamation that they are the crème de la crème of the crypto sphere. Merge would instead let its journey, ability and potential speak for itself as we continue to state our ever growing presence. Quite simply put — We are in it for the long run.
If you wish to be a part of something great in the making, feel free to visit us via the following links: