What is Merit Circle (MC)? Details of the 27th project on Binance Launchpool

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2021-12-25 09:40:10

Merit Circle (MC), the project is Binance announces Launchpool number 27. Here it is play-to-earn gaming DAO. You can now stake BNB, MC and BUSD farm MC for 60 days. Let’s see what’s special about the project and guide you to join Launchpool.

What is Merit Circle (MC)?

Merit Circle is a project that is creating a decentralized autonomous organization (DAO) that develops monetization opportunities for those who want to help build the metaverse.

Watch now: Things to know about Metaverse and 5 notable Metaverse projects

This is done through the Merit Circle platform that the project is building, which hosts scholarship opportunities, educational opportunities and everything one needs to equip themselves in their journey to becoming a money-making gamer. in the metaverse.

What is special about Merit Circle?

Merit Circle DAO is meant to be a tool to suit the needs of many different groups. Operating in a novel industry like the Play-to-Earn industry, Merit Circle is bridging the gap between players, DAO contributors and education.

Gamer

Merit Circle DAO will include a platform for players to earn income by playing games in the Play to Earn model. Earning revenue is something every player can do on their own, but there are many benefits to collaborating with Merit Circle.

  • Merit Circle offers the most competitive in-game assets to players.
  • Provide educational content and organize classes to improve player performance
  • A vibrant community of fellow players
  • Merit Circle will host meta games on top of existing games for community members.
  • Grant more rewards to the players with the best performance

Merit Circle is currently home to more than 1,500 students with properties being purchased for thousands of new students in the coming months.

Manager

In the blockchain gaming space, there are thousands of gamers spread across the globe. To structure and process requests, there are managers who oversee day-to-day operations.

The Play-to-Earn model allows anyone to organize their own students and become their own manager. But being a manager of Merit Circle comes with additional benefits:

  • Merit Circle has a pool of some of the best players in many games
  • Allows managers to seamlessly switch between different games.
  • Reward managers with additional rewards based on their performance.
  • There are many tools and scripts to structure workflows optimally.

Knife Contributor

Merit Circle’s current balance sheet includes many high-value assets spanning multiple games. With each strategy applied, whether it is a scholarship model, land or financial investment, the platform aims to make a profit to expand the DAO treasure.

Merit Circle allows everyone to become a DAO Contributor (contributor) by purchasing MC tokens and thus getting shares on the DAO.

Each contributor will benefit directly and directly from the growing value of DAO treasure, leading to the increasing price of MC token floor. Merit Circle does the work, you make the money.

MC Tokenomics

Key Metrics

  • Ticker: MC.
  • Blockchain: Ethereum.
  • Token Standard: ERC-20.
  • Contract: 0x949d48eca67b17269629c7194f4b727d4ef9e5d6.
  • Token Type: Utility, governance
  • Total Supply: 1,000,000,000 MC.
  • Circulating Supply: 42,592,000 MC.
  • Source: Coinecko.

Token Allocation

  • Community Incentives: 29.4%.
  • Team & Advisors: 20%.
  • DAO Treasury: 15%.
  • Early Investors: 14.1%.
  • Liquidity Rewards (10%).
  • Retroactive Rewards (4%).
  • Public Distribution: 7.5%.

Token Release Schedule

  • Community Incentives: 36 months vesting. Tokens can only be allocated based on approved governance proposals.
  • Team & Advisors: 12 months of cliff, 42 months of vesting.
  • DAO Treasury: 36 months vesting. Tokens can only be allocated based on approved governance proposals.
  • Early Investors: 6 months of cliff, 36 months of vesting.
  • Liquidity Rewards: 12 months cliff.
  • Public Distribution: No lock.
  • Retroactive Rewards: 10% distribution after TGE, then 18 months vesting.

mc-token-release

Token Use Case

Owning an MC gives the owner decisions about the future, whether it’s big or small.

Merit Circle is a DAO consisting of various subDAOs. Each subDAO represents project activity in a particular play to earn game.

Owning MC tokens, you can participate in dozens of play to earn games and precious NFTs. Staking into Merit Circle is staking into the play to earn industry to grow in value and scale over time. Each subDAO generates more profit, the main DAO does more.

Merit Circle has dedicated a significant amount of tokens to staking rewards, but this is only a small portion of the rewards you can get by staking MC tokens.

Token Sale

Merit Circle has opened a token sale in the form of Balancer Liquidity Bootstrapping Pool (BLBP). DAO raised $105.6 million, for 41,020,000 MC tokens (4.10% of total supply). The amount raised is in the DAO treasury. Quickview:

  • Time: November 2, 2021 – November 5, 2021.
  • Location: Copperlaunch.com
  • Starting price: 1$/MC.
  • End price: $0.0433/MC.
  • MC liquidity pool initially: 75,000,000 MCs.

Merit Circle token sale

MC is traded on which exchange?

You can MC on Binance or Gate, Uniswap.

MC . coin storage wallet

Can be stored on Coin98 Wallet.

Enter Coin98 Wallet Referral ID as “C98NBDN89Q” to support BTA.

Merit Circle (MC) on Binance Launchpool

Basic information

  • Token Name: Merit Circle (MC).
  • Total Supply: 1,000,000,000 MC.
  • Circulating Supply: 42,592,000 MC.
  • Launchpool Supply: 12,500,000 MCs.
  • Block Explorer: MC ERC20 Explorer
  • Staking Terms: No upper limit, KYC required.
  • Time 07:00h on December 3, 2021 to 07:00h on February 1, 2022 (Vietnam time)

Supported pools to farm MC

Daily MC distribution in pools

  • BNB: 145,833.33 MC.
  • MC: 41,666.67 MC.
  • BUSD: 20,833.33 MC.

Instructions for staking BNB, BUSD and MC to receive MC

Step 1: If you don’t have one, register for a Binance account: https://CHK.com/go/binance

Step 2: Prepare 1 of the tokens: BNB, BUSD, MC

Step 3: Access: https://launchpad.binance.com then select “Stake now” with the pool you want: (Wait until the time to open the farm to do it)

launchpool-mc

Step 4: For example, you use BNB, then click “Stake” and enter the amount of BNB you want to deposit into the pool.

Merit Circle Team

Founders of 420 Axie Scholarship and incubated by Flow Ventures. Flow Ventures was committed to realizing Merit Circle’s vision and providing the team with all the necessary resources. The combination equips Merit Circle with years of combined experience and expertise.

Investors

Merit Circle announces the end of its seed round, raising $4.5 million from a range of reputable venture capitalists and strategic partners.

Industry-leading names such as DeFiance Capital, Mechanism Capital, Spartan Group, DCG, Maven11, OP Crypto, Dialectic, CitizenX, Yield Guild Games and Bitscale Capital.

Merit Circle investors

Partners

  • CyBall (Blockchain-based Fantasy Football): Acquire a combination of NFT assets and CYB tokens.
  • Nyan Heroes (Third Person Shooter on Solana): Invested in Nyan Heroes seed round and committed to purchase $25,000 in various in-game NFTs.
  • Vulcan Forged (An NFT gaming studio): Acquired a complex of 100 plots of land and PYR tokens worth $500k.
  • UFO Gaming (Decentralized Gaming Platform): Acquired a combination of land lots and UFO tokens totaling $140k.

Roadmap

roadmap-01

summary

The world is going through a revolution in the Play to earn economy in the metaverse. Merit Circle is aiming to be the largest circle that allows anyone to seize the opportunities available.

Merit Circle leverages the DAO brand and cooperates to invest in scholarships, land purchases, investments in economies and education.

“Together, we are building the metaverse,” added the Merit Circle founders.

And you, how do you feel at Merit Circle? This article is for informational purposes only and is not investment advice. Be responsible for yourself.

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