Merit Circle mc

Merit Circle is a DAO that invests in play-to-earn (P2E) games and is building a platform to bring gamers and NFT owners together. With the rise of P2E games fuelled by Axie Infinity, there’s been a growing number of DAOs specialising in bringing players together, buying NFT assets and lending them out to members through profit sharing. Merit Circle DAO was created to address the needs of different stakeholders in the play-to-earn ecosystem—to bring gamers and managers together in one platform.

Merit Circle is creating a decentralized autonomous organisation (DAO) that develops opportunities to earn through play for people who want to help build the metaverse. We do this using our platform, which hosts scholarship opportunities, educational opportunities and everything a person could need on their journey towards being an earning gamer in the metaverse.

Merit Circle’s native token is MC, an ERC-20 token, with a 1B total supply which has no possibility for future inflation.

MC is used for a variety of reasons:

• Governance: Vote on selected governance decisions such as distributing revenue and the treasury. 
• Staking: Stake MC for further MC rewards.
• P2E index: Owning MC allows players to participate in dozens of play-to-earn games and use rare NFTs.
• Bonuses: MC is used to give bonuses to holders, in the form of exclusive in-game rewards, early access to games and NFT drops. 

The tokens were distributed in the token generation event (TGE) to the following stakeholders within the DAO: Community incentives (29.44%), team and advisors (20%), DAO treasury (18.40%), early investors (14.06%), liquidity rewards (10%), public distribution (4.10%) and retroactive rewards (4%).

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