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Merit Circle (MC)
A Play-to-Earn Gaming DAO.
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Merit Circle is a decentralized autonomous organization (DAO) that invests in play-to-earn games and utilizes the DAO’s NFT assets by lending to players. Through collaboration, education, and tooling, players can increase their in-game earnings. Starting from 2022 Q1, players and managers will start playing through the Merit Circle dashboard, providing them with the Merit Circle meta-game experience; a game with challenges and rewards layered on top of the native game they are playing. This allows players to play two games in one while earning from both.
MC is the governance token of the Merit Circle DAO and has the following current and planned use cases:
Governance: MC token holders (staked tokens) can vote on network governance decisions.
Play-to-earn index: Each MC token represents a share of the MainDAO's treasury. Through MC tokens, users gain exposure to multiple gaming NFTs across the various subDAOs, which will act as an index of the play-to-earn industry.
As at December 2nd 2021, the total and maximum supply of MC is 1,000,000,000 and the circulating supply is 42,592,000 (4.26% of the total token supply).
Key metrics (as at December 2nd 2021)
Initial Circ. Supply When Listed on Binance
42,592,000 MC (4.26% of the total token supply)
Total and Maximum Token Supply
Binance Launchpool Allocation
12,500,000 MC (1.25% of the total token supply)
Binance Launchpool Start Date
December 3rd 2021
1. What is Merit Circle (MC)?
Merit Circle is creating a Decentralized Autonomous Organization (DAO) that develops play-to-earn opportunities for people who want to help build the metaverse. Merit Circle achieves this through its platform, by hosting scholarships and educational opportunities while providing the network and strategies a player needs to become an effective earning gamer in the metaverse.
The Merit Circle DAO consists of a mainDAO governing over numerous subDAOs that function as tentacles across the play-to-earn industry. The protocol is maintained by various independent parties and individuals through governance powered by MC token holders.
Merit Circle consists of the following major components working in conjunction:
MainDAO: The Merit Circle MainDAO, or ecosystem DAO, is the overarching DAO that has tentacles reaching in every single subDAO under the mainDAO's umbrella. Owning a stake in the ecosystem DAO allows you to vote on the future of each individual subDAO, something that is not possible the other way around.
SubDAO: Each subDAO under the Merit Circle mainDAO represents a game within the Play-to-Earn industry.
Vaults: Vaults represent the different strategies a subDAO can deploy to generate revenue. The profits that vaults make flow back to the different stakeholders in the ecosystem. Since each subDAO is aimed towards a different game with a diverse set of mechanics.