Binance has announced the 27nd project on Binance Launchpool – Merit Circle (MC), a play-to-earn gaming DAO. Users will be able to stake their BNB, MC and BUSD into separate pools to farm MC tokens over 60 days, with farming starting from 2021-12-03 00:00 AM (UTC).
What is Merit Circle (MC)?
Merit Circle is a decentralized autonomous organization (DAO) that focuses on developing the play-to-earn economy. The project wishes to create a new era of gameplay where users would be able to earn money by playing games that they love, instead of treating them as a simple hobby. The project launched on 4th of November, 2021, but it has been in development since July 2021. Despite its young age, it already has a massive community, with over 64,800 followers on Twitter.
Merit Circle currently supports Axie Infinity — the most popular monster-battling play-to-earn game with the highest volume traded. Meanwhile, by playing-to-earn, its scholars are gaining new skills that will soon be in huge demand as employers are slowly but surely expanding into the crypto metaverse.
In the pipeline, the DAO plans to support Star Atlas, Illuvium, and Hash Rush. Star Atlas, for example, was described as the most ambitious blockchain game. Illuvium appears to be a type of an upcoming survival game that takes place on an alien world, while Hash Rush is an online sci-fi/fantasy RTS set in the fictional Hermeian galaxy, where once again, players have to build, fight, and trade their way to survival and victory.
- Token Name: Merit Circle (MC)）
- Total Supply: 1,000,000,000 MC
- Circulating Supply: 42,592,000 (4.26% of total supply)
- Launchpool Supply: 12,500,000 MC
- Block Explorer: MC ERC20 Explorer
- Staking Terms: No upper limit. KYC required
Merit Circle (MC) has a total supply of 1,000,000,000 MC. The information on how many of its tokens will be released in circulation is not yet available. It is known that 20% of the total supply will be allocated to the team members and advisors; 29.4% will be used for community incentives; 14.1% will be allocated to early investors; 7.5% will be up for public distribution; while the DAO Treasury will keep 15%. The remaining 14% will be used as rewards, for liquidity rewards (10%) and Retroactive rewards (4%).
- Stake BNB: 8,750,000 MC in rewards (70%)
- Stake MC: 2,500,000 MC in rewards (20%）
- Stake BUSD: 1,250,000 MC in rewards (10%)
- Farming Period: 2021-12-03 00:00 AM (UTC) to 2022-01-31 11:59 PM (UTC).
| Dates (00:00:00 – 23:59:59 UTC each day) | Total Daily Rewards (MC) | BNB Pool Daily Rewards (MC) | MC Pool Daily Rewards (MC) | BUSD Pool Daily Rewards (MC) |
| 2021-12-03- 2022-01-31 | 208,333.33 | 145,833.33 | 41,666.67 | 20,833.33 |
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