Raise on Merces

ACTIVITY

Nothing yet. Events will appear here, without amounts:

  • BID SEALED
  • RAISE SETTLED
  • RELEASE
  • REPORT ACCEPTED
  • PAYOUT AVAILABLE
  • UNITS RETIRED

MERCES · POWERED BY MERCERY

Back the person,
not the company.

Merces lets people raise capital against a capped share of their future income, without forming a company. Backers get verified, capped cash flows. Issuers keep every life choice.

Raise on Merces Apply as Backer

Issuers are invited and reviewed. Review is not a guarantee.

One claim on a person, across every chapter

Venture capital says it backs founders but invests in companies, so the investor's upside ends with the first entity. Merces matches the instrument to the real bet: the person, across every career chapter.

Raise on Merces Apply as Backer

Issuers are invited and reviewed, and review is not a guarantee. Backers pass eligibility checks.

Runs onSolanaMonadOne chain per series. Both share one Arena.Settle inUSDCUSDG

II · THE PANTHEON / ISSUERS

Raise as a person,
not a company

Capital can back companies but not people, so talented individuals must squeeze their lives into company-shaped containers to get funded. Issuers are the primary user; every trade-off favors them.

  • Artist or musician

    Capital to make work without a label or gallery advance, repaid only above the threshold.

    COVERS · Sales, content and royalties

    • Onchain split
    • zkTLS from distributor

  • Engineer

    Money to relocate, study or take a risky role. A capped claim on salary, with no say for holders in career moves.

    COVERS · Salary

    • zkTLS from payroll
    • Annual attestation

  • Freelancer

    Runway between clients or to build a practice. Payments flex with revenue and stop below the threshold.

    COVERS · Client revenue

    • zkTLS from Stripe
    • Invoice split

  • Founder

    Funding that survives a failed first startup. One claim across every company, salary and exit.

    COVERS · Salary, dividends, equity exits

    • Liquidity pledge
    • Token vesting split
III · THE PACT — POSEIDON & HERA

III · THE PACT / HUMAN EQUITY UNITS

Contracts first, tokens second

An HEU is a capped claim on a fixed share of the issuer's covered income above a protected threshold. Nothing is owed until income clears that threshold. The legal agreement is the asset; the onchain unit represents it.

  • Career-agnostic

    One claim spans employment, freelancing, startups, content and IP.

  • Capped

    Each unit ends once it has paid out its cap.

  • Voluntary

    The issuer opts in. No retroactive claims on income earned before issuance.

  • Enforceable

    A legal contract backs every unit; the token only represents it.

  • Transferable in windows

    Sealed-bid series: no continuous trading, so no live ticker on a person.

Pays only above the threshold

EXAMPLE · θ $40,000 · s 6%
$96,000
Payment owed to holders
$3,360

Split pro rata across units. Holders see this number, never your income sources, or anything below your threshold.

PRIVATE PAYOUTS · COMING SOONPayment amounts are visible onchain today. An illustration of the formula, not a forecast.

Every unit ends

Either by reaching its payout cap or by the issuer buying it back. This is the core dignity mechanism.

Payout cap
Each unit burns after paying out N times its issue price, for example 2–3×.
Redemption
After the lockup, the issuer can buy back the whole series at the formula price.
Tail clause
A covered exit within 12 months of a redemption still pays redeemed holders.
Hardship pause
Illness or caregiving defers payments without penalty, proven privately to an attestor.

The min means buying out never costs more than paying off the cap. The max protects the backer's baseline return.

Standard values: h = 8% a year, k = 5. D̄ averages gross payments per unit.

IV · THE TEMPLE / MERCERY

Capital formation,
built like a temple

Mercery is the mechanism behind Merces: issue, verify, pay, redeem. It runs one loop per issuer, on the chain that issuer chose. The two paths meet at the auction and at every payment.

PEDIMENT, ACADEMY OF ATHENS

Issuer path

From one application to capital that follows you across every chapter.

Explore Issuer Path

Backer path

From one sealed bid to capped, verified cash flows.

Explore Backer Path

  1. 01Issue

    ISSUERPass review, set units, share rate, threshold, cap and release schedule. Sign the HEU contract and the Autonomy Charter.

    BACKERApply as a backer and pass eligibility checks. Review the issuer's terms and verification tier.

  2. 02Auction

    PATHS MEETSealed bids on the issuer's chain. All winning bids clear at one price. Below the minimum raise, every bid is refunded.

  3. 03Release

    ISSUERCapital releases from the onchain treasury on a fixed schedule, with no approval needed.

    BACKERRaised funds sit in an onchain treasury, never with the issuer up front.

  4. 04Verify

    ISSUEREach period, submit a ProofOfIncome report. A zk circuit computes only the payment owed.

    BACKERSee the payment. Never income sources, anything below the threshold, health, location or plans.

  5. 05Pay

    PATHS MEETThe payment lands in the payout vault and splits pro rata across outstanding units. Holders claim each period.

  6. 06Retire

    ISSUERAfter the lockup, buy back the whole series at the formula price. Pause for hardship without penalty.

    BACKERUnits burn at the payout cap, or pay out the redemption price.

Branch · market check, only for draws the issuer requests. Not yet available.

04–05 repeat each period until a unit hits its cap or is redeemed. Sealed-bid series transfer only in quarterly windows.

BUILT ON THE AUTONOMY CHARTER · IMMUTABLE

V · THE ORACLE / PROOFOFINCOME

The harder to fake,
the cheaper to raise

ProofOfIncome grades every income source by how hard it is to fake, and stronger proofs earn the issuer a lower share rate. Issuers choose verification because it is cheaper, not because they are forced.

  • 01

    Onchain split

    Income passes through a contract that routes the HEU share automatically.

    Onchain art and music sales, crypto invoices, founder token vesting

    Lowest

  • 02

    zkTLS from source

    Figures proven from Stripe, Deel or DistroKid, on the issuer's own device.

    Salaries, freelance revenue, streaming royalties

    Low

  • 03

    Accountant attestation

    A CA or CPA signs off on the annual tax return.

    Founder exits, mixed or offline income

    Standard

  • 04

    Self-attestationNot yet available

    Signed statement, subject to random audits.

    Sources no adapter covers yet

    Highest

Prove the payment, not the income. A zk circuit computes max(0, income − threshold) × rate and publishes only the result.

Enforcement. The oracle detects underpayment; the legal contract enforces it. No onchain slashing of a person.

VI · THE ARENA / AUCTIONS

Welcome to the Arena

Most raises are sealed-bid auctions: bids stay hidden until the window closes, then every winner pays one clearing price. One optional style on Solana, the curve, has a live public price. There is no wallet cap and no deadline.

Open the Arena
EXAMPLE

Noor Haddad

Composer · Lisbon

Scoring a first feature without a label advance. Royalties route through an onchain split.

SOLANAUSDCTIER 1
Opens soonOpens 20 Oct 2026
  1. Example tag. Sample content is always marked. No issuer is live yet.
  2. Craft, city, one line. Only what the issuer chooses to share.
  3. Chain, stablecoin, tier. Solana and Monad share one list.
  4. Status and one line of context. Statuses never carry reasons.
The Arena opens soon

Be there for the first raise.

Leave an email and say whether you are raising or backing. We write when the first cohort opens.

LOCKUP
Sealed-bid series: no transfers during the lockup, 18 months as standard.
BATCH AUCTIONS
Sealed-bid series, after the lockup: quarterly sealed bids after each income report, one clearing price.
TRANSFER HOOK
Sealed-bid series: approved wallets only. Curve series: anyone can buy; to earn, a holder must be approved and stake.
WALLET CAP
Sealed-bid series: no wallet holds more than 10% of a series. Curve series have no wallet cap.
DISPLAY
Payout yield, not a price chart. Cash flow, not a score on a human.
VII · AFTER RUBENS, CAIN SLAYING ABEL

VII · THE CHARTER / AUTONOMY

No market
decides a life.

These terms are immutable: holders can never vote to change them, and only the issuer can amend them, in their own favour and co-signed by an attestor.

  1. Capital releases on a fixed schedule, with no approval needed.
  2. Holders see payments and status. Never income, health, location or plans.
  3. No work obligation, no non-compete, no minimum effort.
  4. Holders never decide career moves, employers, projects or where the issuer lives.
  5. The issuer can stop new issuance at any time.
  6. Death or permanent disability extinguishes all claims.

ISSUERS

Raise capital
without a company

Raise against a capped share of your future income. Capital releases on a fixed schedule, nothing is owed below your threshold, and you can buy units back after the lockup.

Raise on Merces How raising works

BACKERS

Back people,
not pitch decks

Apply once to back a vetted cohort of issuers. Receive capped, verified cash flows. You see payout history and yield, never anyone's income sources, anything below their threshold, or personal data.

Apply as Backer How backing works

VIII · THE NETWORK

Join the
Merces network

Connect with issuers, backers and attestors shaping a new model for funding people: capped, verified, and on the issuer's terms.

Join the waitlist