What is Merit Circle($MC)? | Everything you need to know about MC token
What is Merit Circle
Merit Circle is a decentralized autonomous organization ( DAO ) that optimizes and accumulates value, connecting many different individual games to form a Metaverse universe. To do this, the project created a platform that converges and intersects three elements:
- Source of capital (investors).
- Expertise (of platforms and managers)
- People who play games.
To understand the origin of Merit Circle, the project name itself has the whole meaning. As simple as this:
- Merit – The quality and value created should be rewarded with rewards.
- Circle – A group of people with similar interests and expertise.
What is the unique selling point?
Merit Circle’s vision is to be a project that is always at the forefront of innovation in the Play-to-Earn industry. They will regularly organize activities with great coverage among many different segments and niches in the field with a constantly evolving mindset.
To date, Merit Circle has more than 1,200 Scholars (scholarship recipients supporting to profit from playing Axie Infinity in low-income countries). In addition, the project will also add managers in other countries and offer many curricula to guide scholars more optimally on how to make money from the game.
The Play-to-Earn game projects selected by Merit Circle will be the top titles with criteria such as the ability to bring high profits, sustainability, and bring the best experience to players. Currently, the project has games like Axie Infinity, coming soon to Star Atlas, Illuvium, and Hash Rush.
In addition, projects that have not yet been listed and are in the process of being studied include Mist, CryptoBlades, and League of Kingdom.
Resources are well available
As Merit Circle is further upgraded from the 420 Axie Scholarship program, communication and team resources will continue to be utilized. Such as the Twitter account with 1.5 million views per month, 24,000 Twitter followers, and 6,000 Discord members.
420 Axie Scholarship is a program that provides scholarships to people in low-income countries so they can profit from gaming and improve their standard of living.
Owning an existing core force, Merit Circle’s current job will not need to build too much communication, but can save time and resources for other areas that need research, development, and thereby, faster improvement.
Merit Circle has yet to release the project’s upcoming roadmap. I and the team will update you as soon as possible as soon as there is information about the roadmap!
Merit Circle Token (MC) is an ecosystem token that creates value for the community.
- Token Name: Merit Circle Token.
- Ticker: MC.
- Blockchain: Ethereum.
- Token Standard: ERC-20.
- Contract: 0x949d48eca67b17269629c7194f4b727d4ef9e5d6
- Token Type: Utility.
- Total Supply: 1,000,000,000 MC .
- Circulating Supply: Updating…
From November 2-5, 2021, Merit Circle has opened a public sale in the form of the Balancer Liquidity Bootstrapping Pool (BLBP).
This is a type of raising fund that creates a fairer opportunity for everyone to participate in a public sale, by eliminating the possibility of bots interfering. The price of MC tokens will also not be automatically inflated by computer algorithms but will be determined by the needs of the community.
Basic information about the public sale:
- Time period: Starting from November 2, 2021 – ending on November 5, 2021 (within 3 days).
- Location: Copperlaunch.com
- Starting price: $1/MC.
- Closing price: $0.0433/MC.
- Initial MC liquidity pool: 75,000,000 MC (7.5% in allocation for Public Distribution).
Note: You will have to swap ERC-20 into MC tokens and will need ETH as a fee and Copperlaunch only supports ETH, USDC, USDT and DAI.
Token Release Schedule
Token Use Case
Merit Circle is going to be a fully decentralized DAO run by the community through the lifeblood of MC Tokens. The uses of MC tokens will include:
- Governance: Owning MC Token will help you vote or vote for future proposals of the project.
- Play-to-earn index: Merit Circle is a large DAO consisting of smaller sub days that work for specific games, and the profits from operating the sub days will bring in revenue for the main DAO.
The main DAO will have the function of maintaining the financial segment and acquiring more games, and other NFT projects, or providing many Yield Farming strategies to maximize the project’s profit. Holding a part of MC tokens will allow you to access a variety of games easily and even rare NFTs.
- Staking and Bonus: Staking MC Tokens and getting back MC tokens as rewards is a must for these current projects. Not only that, Merit Circle specializes in connecting game projects, so staking MC tokens will receive special incentives in the game of partners.
The Merit Circle project was created by the founders of the 420 Axie Scholarship program and the main sponsor is Flow Ventures – a fund specializing in early investment in potential Start-ups projects.
The combination of the two factors mentioned above will bring good financial resources, experience and expertise for the upcoming development of Merit Circle.
On October 7, 2021, Merit Circle completed a seed round fundraising of up to $4.5M, from investment funds such as DeFiance Capital, Mechanism Capital, Spartan Group, Maven11, OP Crypto, and Bitscale Capital,. ..
The Merit Circle DAO consists of a mainDAO governing numerous subDAOs that function like tentacles, spreading across the gaming industry. The DAO is maintained by various independent parties and individuals through governance, empowering holders through the $MC token. Since the emergence of the Merit Circle DAO, a great focus has been placed on diversification. This not only means diversifying our portfolio of games but also our infrastructure partners.
Find more information about Merit Circle
If you have any questions, comments, suggestions, or ideas about the project, please email [email protected].
DISCLAIMER: The Information on this website is provided as general market commentary, and does not constitute investment advice. We encourage you to do your own research before investing.