Is Merces right for me?
Status: Built, runs on simulatorStatus: Built, runs on simulator
Merces may be worth understanding if you are considering capital tied to a capped share of future covered income and can maintain the reporting records that calculation needs.
The product brief addresses creators, engineers, freelancers and founders. Those examples are audiences, not eligibility decisions. Being in one of those groups does not establish that you can apply, that a source of income is supported or that a raise will fund.
Consider the commitment
A series defines a threshold and a rate per unit. The reference calculates the amount owed on year-to-date income above the threshold, then subtracts the prior year-to-date obligation. An interval below the threshold can therefore have nothing due. That is normal; it does not turn the reporting record into an optional step.
Illustrative example
Example: an illustrative quarter
The numbers here are computed by Stage 1's reference math from made-up inputs. They are not a forecast.
The Example series has a threshold of $40,000.00. Its first-quarter year-to-date income is $15,000.00, and the calculated payment is $0.00. These invented inputs illustrate the calculation; they are not suggested terms or an income forecast.
Consider whether you can preserve the records behind each report, understand the agreed income definition and tolerate the visibility described in What backers can see. Eligible backers can read terms through the backend's controlled access path. Payment amounts are public onchain even when the report does not publish the income figure.
The product excludes backer control over your life choices. Legal documents and unresolved protocol decisions still need their own review. A favorable example cannot substitute for that review or decide whether this arrangement suits your circumstances.
What can go wrong
An income source can be hard to verify, an input can be wrong and future income can differ from every example. The cap limits the defined obligation; it does not promise funding or a particular payout. Use the example to understand the rule, not to predict an outcome.