FAQ

ETX

Instructions on how to sell your Element Tokens (ETs) each month:
  1. Connect your wallet click on the blue button in the the upper right corner that says “Connect MetaMask Wallet”  
  2. Select the ETX tab from the left-side menu
  3. Review your ET balance – you’ll see your available ETs each month displayed in the order ticket
  4. Enter your ET quantity in the Quantity field (Please note: The ET quantity displayed in this field is fixed at your total balance of ETs and cannot be adjusted.)
  5. Set your preferred price in the Price box 
  6. Submit your order by simply clicking the submit button

Discount Trees

Q1: What is a Discount Tree?
A: A Discount Tree produces two things: additional MERCs (8% more MERCs annually) and Element Tokens (ETs).

Q2: How do I create a Discount Tree?
A: Users can create a Discount Tree by staking MERCs in the LM staking wallet. To create a Small Discount Tree stake 10,000,000 MERCs and to create a large Discount Tree 50,000,000 MERCs. Users can create/grow as many trees as wanted

Q3: What is an Element Token (ET)?
A: ETs are the Discount “fruit” of your Tree. Think of each ET as a discount that has the theoretical value of a dollar that LM clients can use to reduce their monthly invoices. “Discount Farmers” can take their ETs to the Element Token Exchange (ETX), where they can be traded with LM clients in exchange for MERC Reward Points (MRPs).

Q4: What are the benefits of staking more MERC to grow my Tree?
A: As you stake more MERCs, your Tree will not only grow more ETs and additional MERCs, but you can increase your production ratio (number of MERCs to create each ET) as you reach each new level.

Small MERC Discount Tree: 10 million staked

  1. The current rate is 200 ETs for each 10mm MERCS

Large MERC Discount Tree: 50 million staked

  1. Current rate is 300 ETs for each 10mm MERCS for a total of 1500 ET monthly

Element Token and Reward Points

Q5: What is the value of my ETs?
A: The current value of each ET has a theoretical value of a $1-off coupon that LM institutional clients can use to reduce their monthly invoice.
Please note: The value of ETs does fluctuate.

Q7: How do I get value from my ETs if I’m not an institutional client?
A: Your ETs can be exchanged at the “farmers market” Element Token Exchange (ETX), where LM clients and “Discount Farmers” can meet and exchange ETs for MERC Reward Points.

Q8: How does the MERC Reward Point System work?
A: You will be able to exchange your MERC reward points for more MERCs. Additionally, we are in the process of working with affiliated partners to make it so you can use your MERC Reward Points on discounted goods and services.

Note: Reward Points replace the previous ETH distribution system.

Q9: What if I don’t have enough MERCs to create a Discount Tree?
A: For MERC holders who do not meet the 10 million MERC threshold to create a Discount Tree but hold at least 2.5 million MERCs, our team can facilitate partnerships between other qualified holders, enabling the creation of a shared Discount Tree of 10MM MERCs. All earned ETs will be distributed proportionally among participating members. If you are interested in having our team help match you with others to create a full size tree, please send an email to tokensupport@liquidmercury.com

Looking Ahead

Q10: Why are there two MERC contracts on Etherscan?
A: We created a new smart contract to go along with the upgrades made to the new staking and rewards program. The presence of two contracts on Etherscan is temporary, as we are in the process of phasing out the old one. To view the current, upgraded MERC token on Etherscan, please use the following contract address: 0x6EE2f71049DDE9a93B7c0EE1091b72aCf9b46810

Q11: How do I upgrade my unstaked legacy MERC tokens to the new version?
A: To upgrade your legacy MERC tokens, please email tokensupport@liquidmercury.com with your wallet address. Our support team will guide you through the upgrade process to receive your upgraded MERC tokens.”

We’re excited about these changes and their opportunities and value to our community. Thank you for your continued support and participation in the MERC ecosystem!