$MERCATOlaunches soon. The CA will appear here only.
Mercato
LIVEToday's pool · Opens with the first day of fees

Every model,
at market price.

Mercato buys inference on the open market and passes it on at cost. One key for Claude, GPT, Gemini and 130 models, and $MERCATO holders pay even less.

List price

$20.00

Mercato today

$7.97

per 1M output tokensmarket $7.97 · Core −0%
Core holders pay 60.2% less than list on Claude Opus 5.5−60%
Get your API key

Pool resets in --:--:--. Discounts follow how much of today's pool is left.

Every leading model, one key

Mercato market

Bought on the open market

Sellers list spare model capacity below list price. Every request goes to the cheapest trusted offer, and you pay exactly what it charged. No margin on top.

  • 119 of 130 models below list price right now
  • Trusted sellers only, with automatic fallback
  • The model you ask for, never a substitute model id
open market · best trusted offer live
deepseek-v4.1-flash$0.00660/M · −98%
deepseek-v3.2$0.00391/M · −99%
glm-5.3$0.00961/M · −99%
gpt-5.6-luna$0.0121/M · −99%
glm-5.3-flash$0.00514/M · −97%
10.3K trusted sellers130 models · refreshed every minute
api.mercatocoin.com
$ curl https://api.mercatocoin.com/v1/chat/completions \
    -H "Authorization: Bearer $MERCATO_API_KEY" \
    -d '{"model":"anthropic/claude-sonnet-5.5","messages":[…]}'

✓ 200 OK · 812ms · served by a trusted seller
x-mercato-list-cost    0.016000
x-mercato-market-cost  0.004610
x-mercato-discount     0.6000
x-mercato-charged      0.001844
Mercato API

One base URL. Every model.

Point the OpenAI or Anthropic SDK at Mercato and keep your code. Every response tells you what it would have cost at list, what the market charged and what you paid.

OpenAI compatible

Chat completions with streaming and tools.

Anthropic compatible

Messages API, so Claude Code just works.

Fallback built in

A failing seller is skipped before the first token.

Billing on every call

x-mercato-* headers with cost and discount.

Where the money goes

Every trade makes AI cheaper

1.2% of every $MERCATO trade fills tomorrow's pool. The pool pays your tier's share of each request, your balance pays the rest, and sellers are paid at cost.

  • 0% of fees kept
  • 0% margin on inference
  • 0% from sellers

In · trading fees

1.2% of every trade

Paid in ETH to the treasury

In · top-ups

Your ETH or USDG

Credited in USD

Daily pool

Pays your tier's share. Resets 00:00 UTC.

Your balance

Pays the rest. Only your keys spend it.

Each request, at cost

market cost$1.00
pool · Core−$0.60
your balance$0.40

Out · sellers

Cheapest trusted offer, paid at cost

Out · fallback

OpenRouter when no seller serves it

Mercato app

Your key, your balance, your tier

Sign in with your wallet, copy a key, top up in ETH or USDG. Watch every request's price against list, live.

Open the app

Overview

Spend, savings and your tier in real time.

Preview

Balance

$48.20

Saved vs list

$311.07

Tier

Core

Spend vs list pricelast 12 days
At list price What you paid

Playground

Try any model and see what each reply cost at list and what you paid.

Keys and usage

One discounted key per wallet, usage per key, revoke in one click.

Holder tier

Read live from your wallet. Buy or sell, and your tier follows within a minute.

The market, live

Real prices, read every minute

Straight from the open market and the chain. Nothing here is a projection.

All live stats

130

Models, one key

10,333

Trusted seller offers

−94%

Median price vs list

—

Left in today's pool

Live prices

Pay what the market charges

The cheapest trusted offer for each model, and what you pay after your holder discount at today's pool.

Per 1M output tokens, live from the trusted sellers on the open market.

ModelListMarketYou pay · CoreSaving
DeepSeek V4.1 FlashDeepSeek$0.375$0.00660$0.00660−98.2%
DeepSeek V3.2DeepSeek$0.420$0.00391$0.00391−99.1%
GLM 5.3Z.ai$1.40$0.00961$0.00961−99.3%
GPT-5.6 LunaOpenAI$1.20$0.0121$0.0121−99.0%
GLM 5.3 FlashZ.ai$0.199$0.00514$0.00514−97.4%
GPT-6 LunaOpenAI$0.500$0.0985$0.0985−80.3%
DeepSeek V4.1 Flash 1017DeepSeek$0.600$0.0480$0.0480−92.0%
Gemini 3.1 Flash LiteGoogle$1.50$0.0149$0.0149−99.0%
Holder tiers

Hold more, pay less

Your tier comes from the share of $MERCATO in the wallet behind your key. No staking, no lock-up. No token? Every model is still at market price.

Ascent

≥ 0.05% of supply

−10%cap

−0% at today's pool

Hold500K $MERCATO
Todayat launch
Check your tier

What's included

  • Up to 10% off every model
  • Daily subsidy up to $2
  • All 130 models

Orbit

≥ 0.1% of supply

−30%cap

−0% at today's pool

Hold1M $MERCATO
Todayat launch
Check your tier

What's included

  • Up to 30% off every model
  • Daily subsidy up to $5
  • Higher rate limit
Most chosen

Core

≥ 0.5% of supply

−60%cap

−0% at today's pool

Hold5M $MERCATO
Todayat launch
Get $MERCATO

What's included

  • Up to 60% off every model
  • Daily subsidy up to $10
  • Priority routing

Singularity

≥ 1.0% of supply

−80%cap

−0% at today's pool

Hold10M $MERCATO
Todayat launch
Check your tier

What's included

  • Up to 80% off every model
  • Daily subsidy up to $25
  • $1 of free usage every day
Bill estimator

Estimate it. Then pay exactly that.

Pick a model, a monthly volume and a tier. The invoice uses the same math as the router: market price first, then your tier's share from the pool, within its daily cap.

  • Billed per request, in USD
  • Prepaid balance, no card, no surprises
  • Pro models above $50 per 1M kept out of fallback
MERCATO · MONTHLY ESTIMATEOCT 2026
Tokens per month5M
1M5B
Holder tier

List price

$2.00 in · $10.00 out

$200.00

Market price

13 trusted sellers

$131.58

Pool · Core

−0% at today's pool · max $10/day

$0.00

You pay

34.2% less than list

$131.58

Estimate with a 3:1 input to output mix at today's market and pool. Real bills follow each request.

Need help?

Frequently asked questions

Short answers to what people ask most. The docs have the full mechanics.

What is Mercato?
An AI inference market. One API key reaches Claude, GPT, Gemini, DeepSeek and 130 models. Each request is bought from the cheapest trusted seller on the open market and passed on at cost, and part of the bill is paid by the trading fees of $MERCATO.
Where does the discount come from?
Two places. First the market itself: sellers list spare capacity below the provider's list price, and the router always takes the cheapest trusted offer. Then the pool: 1.2% of every $MERCATO trade funds the next day's subsidy pool, which pays your tier's share of each request.
Do I need to hold $MERCATO?
No. Anyone can top up and call every model at market price, which is already below list on most models. Holding unlocks tiers: 0.05% of supply for up to 10% off, 0.1% for 30%, 0.5% for 60% with priority routing, 1% for 80% plus a daily free allowance.
Who serves my requests?
Sellers on the Surplus Intelligence marketplace that it flags as trusted, picked by price, with OpenRouter as the fallback. Every response says which one served it and what it cost in the x-mercato-* headers. Your prompt is processed by that seller's upstream provider, so treat it like any third-party API.
Which SDKs and tools work?
Anything that speaks the OpenAI Chat Completions API or the Anthropic Messages API, with streaming and tool use: the official SDKs, Cursor, Claude Code, LangChain, Vercel AI SDK and most agent frameworks. Change the base URL and keep your code.
How do I pay?
Sign in with your wallet and send ETH or USDG on Robinhood Chain to the Mercato treasury from that same wallet. The transfer is credited in USD once it confirms. No contract, no approvals, and your balance is only spent by your keys.
Is my data stored?
We keep billing metadata only: model, token counts, latency and cost. Prompts and completions stream through to the upstream and back, and are never written to our logs or database.
What happens when trading volume drops?
The pool shrinks with it, so holder discounts get smaller, but market prices are unaffected. That is the trade-off of a fee-funded subsidy, and why the discount is live rather than promised. The pool, its balance and every movement are public.

Every model. One key. Cheaper every trade.

Swap one base URL and let the open market, and $MERCATO volume, pay part of your bill.