What is Merit Circle (MC)?
With an ambitious mission of revolutionising gaming, Merit Circle is a DAO (decentralised autonomous organisation) hosting scholarship opportunities, educational opportunities, and all the other things one could need to become a Metaverse gamer that earns a profit.
Merit Circle has four verticals - investments, development & incubation, gaming, and trading - each with its own products. It can also be further dissected into subDAOs. These subDAOs have their own strategies for generating revenue called vaults.
Independent parties and individuals maintain the DAO through governance, with governance power given to anyone holding the DAO's token.
The purpose of Merit Circle
Through investments in play-to-earn games and distributing DAO assets to gamers, creators and contributors, Merit Circle wants to give crypto and gaming enthusiasts more opportunities.
With Merit Circle, one can explore the vast sea of Metaverse games, including first-person shooters, MMORPGs, MOBAs and competitive card battlers.
What's particularly interesting about these games is that the players govern them. This is achieved using innovative in-game economics, which rewards merit to players based on their performance.
Another way Merit Circle tries to stand out is by pushing for diversification in two areas - the diversification of its play-to-earn game portfolio and infrastructure partners.
When did Merit Circle launch, and where is it now?
Merit Circle officially launched on November 4, 2021, meaning it’s quite a young project. Still, the project has a big social media following and a large community.
A long list of famous partners, including DeFiance Capital, Spartan Group, Yield Guild Games and more, is another thing Merit Circle boasts. These partners believe that Merit Circle is a sustainable ecosystem that can grow even further and thus give it their support.
The Merit Circle token
The Merit Circle token, MC, is an ERC-20 token with value and utility.
The DAO incentivises the purchasing and retaining of MC, so anyone that becomes an MC token holder unlocks:
- Play-to-earn index
- Staking and bonuses
- Governance power
The token has a total supply of 1,000,000,000 distributed as follows:
- Team members and advisors - 20%
- Community incentives - 29.4%
- Early investors - 14.1%
- Public distribution - 7.5%
- DAO treasury - 15%
- Liquidity rewards - 10%
- Retroactive rewards - 4%
The future of Merit Circle
Merit Circle has plans to support Star Atlas, Illuvium, Hash Rush and more games. This expansion has many convinced that the project could potentially become a source of income for the gamers using it.