What is Merit Circle? All information about Merit Circle and MC . token

• Merit Circle overview
• What is Merit Circle?
• Merit Circle basic features
• Merit Circle's products
• The development team, the investor of the Merit Circle project
• MC . token overview
• What is MC Token?
• MC . Token Allocation
• Where can MC tokens be bought and sold?
• MC . storage wallet
• The future of the Merit Circle project and whether to invest in MC tokens or not?
• summary

Merit Circle overview

What is Merit Circle?

Merit Circle is a decentralized autonomous organization (DAO) created for the purpose of accumulating value, connecting Play-to-Earn games together to build a Metaverse virtual world. Merit Circle is also creating a platform that brings value to investors, projects, managers and gamers.

In other words, Merit Circle is a place for organizations that provide scholarship opportunities, education and all the things needed to help people become true gamers in Play-to-game titles. Earn is aggregated in the platform's Metaverse world.

To date, Merit Circle has more than 1,200 Scholarships, this scholarship will mostly support people in low-income countries who can make money from playing the game Axie Infinity . Going forward, the project will continue to seek opportunities through new Play-to-Earn games as well as new business models. 

Merit Circle basic features

Merit Circle aims to be at the forefront of innovation in the Play-to-Earn gaming industry. To accomplish this goal, Merit Circle will regularly organize exciting activities in a variety of fields, while creating an organization that is always evolving to adapt to the constantly changing technology and money markets. encode. Specifically:

For gamers : Merit Circle DAO will create an environment for gamers to earn income through playing Play-to-Earn titles. With Merit Circle, players also receive many benefits as follows:

• The project will recommend the most competitive properties to the players.
• Provide knowledge and organize classes to help players improve performance when playing games.
• A large community for each game genre helps players to exchange and learn more knowledge.
• Merit Circle also regularly organizes games for community members
• The project also has special rewards for players with the best achievements.

For Managers : In Merit Circle, managers will have the following benefits:

• The project will provide tools so that they can manage members more effectively.
• Merit Circle allows managers to seamlessly switch between games.
• The project also has rewards for managers based on their performance.

DAO Contributor: Anyone can become a contributor in Merit Circle's DAO organization by buying and holding MC tokens. Each contributor will benefit directly from the DAO treasury, which in turn will drive the price of MC tokens up. 

Merit Circle's products

Merit Circle and Axie Infinity : In the partnership of these two projects, Merit Circle always supports and contributes to the development of the Axie Infinity community. Merit Circle will take on the role of coaching players, giving them the opportunity to participate in the Axie Infinity Scholarship. Participants will receive training from the manager with a 1:1 coaching program. After a player participates in the Axie Infinity Scholarship program and wins, they will receive 70% of the profits, the other 30% of which will be transferred to the Merit Circle DAO treasury. In addition, winners from Axie Infinity's Scholarship will also receive MC tokens from Merit Circle.

Merit Circle and Vulcan Forged : Vulcan Verse is a massively multiplayer online role-playing game (MMORPG) geared towards building an open world. Inside the Vulcan Verse, players can own a variety of assets in NFT titles. In addition, through the Cedalion program, users will earn LAVA tokens by lending their assets to other players, and they can also earn more LAVA tokens for completing tasks in NFT games.

During this period, Merit Circle is preparing many events and incentives to attract more people to participate in the Cedalion program and earn income from it.

DAO Structure : Merit Circle is a decentralized autonomous organization and no one will hold full control over the organization. To create a sustainable organization, the DAO is structured with 1 main DAO that manages many sub DAOs.

MainDAO, also known as the DAO ecosystem, manages all the activities of Merit Circle. The subDAOs are the decentralized autonomous organization of a certain game designated by the mainDAO. Both mainDAO and subDAO have their own goals to help Merit Circle grow.

In it, a subDAO will have Vaults representing different strategies to generate revenue for stakeholders in the ecosystem. In addition, Merit Circle allows users to participate in Staking Pool to stake their MC tokens and receive rewards. 

The development team, the investor of the Merit Circle project

Merit Circle Development Team

The Merit Circle development team are the founders of the 420 Axie Scholarship program and incubated by Flow Ventures.

Investor of Merit Circle

The project has raised US$4.5 million in a seed round to realize the Play-to-Earn game industry. With the participation of large investment funds such as DeFiance Capital, Mechanism Capital, Spartan Group, Maven11, OP Crypto, Dialectic, CitizenX, Yield Guild Games and Bitscale Capital. There are also angel investors like Jihoz, Alex, Isaac, Gmoney, Kieran, Danny, Kristaps...

Merit Circle's partners

Merit Circle's current partners are Big Time Studios, DEPT – Gaming Platform, Fancy Bird, Yield Guild Game, Sipher, UFO Gaming, Vulcan Forged, Nyan Heroes, CyBall.

Merit Circle's development roadmap

Q4 2021 : Scaling – includes activities related to development, community expansion, strategy making and adding real-time weighted staking.

Q1 2022 : Tooling – includes management tools, launches a console for players.

Q2 2022 : Decentralization – includes the issuance of subDAOs, On-chain voting and adding weighted staking for subDAOs.

Q3 2022 : Brand Leverage – featuring team eSports tournaments, player support or sponsorship programs, launch of NFT trading and liquidity vaults.

MC . token overview

What is MC Token?

MC is the governance token of Merit Circle and has the following functions:

• Governance : MC token holders are entitled to vote and express their opinions to help Merit Circle develop better.
• Play-to-Earn index : MC holders can participate in many Play-to-Earn titles available on Merit Circle and have a chance to earn valuable NFTs. 
• Staking & more bonuses : Users can bring their MC tokens to get other rewards.

Details of MC . token

• Token Name: Merit Circle
• Ticker: MC
• Blockchain Network: Ethereum
• Token Standard: ERC-20
• Contract: 0x949D48…f9E5d6
• Token Type: Utility, Governance
• Total Supply: 1,000,000,000 MC
• Circulating Supply: 42,592,000 MC

MC . Token Allocation

• Community Incentives: 29.44%, these tokens will be distributed within 36 months.
• Team & Advisors: 20%, these tokens are locked for 12 months and then distributed within 42 months.
• DAO Treasury: 18.4%, these tokens will be distributed within 36 months. 
• Early Investors: 14.06%, these tokens are locked for 6 months and then distributed within 36 months.
• Liquidity Rewards: 10%, these tokens will be distributed within 12 months.
• Public Distribution: 4.1%, no allocation period.
• Retroactive Rewards: 4%, of which 10% will be distributed after TGE, the rest will be distributed within 18 months.

Where can MC tokens be bought and sold?

Investors can buy MC tokens on exchanges such as Binance, Uniswap, Gate.io, DODO, Bitrue, BKEX...

MC . token storage wallet

MC is a token issued according to the ERC-20 standard. Users can also store their MC tokens at wallets that support this standard such as MetaMask, Trust Wallet, MyEtherWallet, etc.

The future of the Merit Circle project and whether to invest in MC tokens or not?

In the future, Merit Circle will combine with many other Play-to-Earn games to give players more choices. With the goal of becoming a project at the forefront of innovating the Play-to-Earn trend, Merit Circle will always update and develop to adapt to the innovation of technology. Besides, the project is also looking to build a solid brand, operating in a variety of fields to affirm its position in this field. 

Some official information channels of the project that investors can follow are:

Website | Twitter | Telegram | Medium | Gitbook | Discord

summary

Above is detailed information about Merit Circle project and MC token. When many projects in the Play-to-Earn array develop, it will lead to the problem of lack of connection between games. For that reason, the value of the games brought to users will not be optimal. Merit Circle was created to help connect Play-to-Earn games together, so that the benefits of these games will be linked, optimized and created new value for players. 

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