While the concept behind Merit Circle is not entirely new, the project itself is a leading DAO with the goal to maximize value accrual across different games in the metaverse. Its platform is at the intersection of capital, expertise and players — representing investors, platform and managers — and of course, gamers.

The returns that the project has the potential to make will be able to translate into potentially life-changing income for some of the gamers engaging with it. The players have recognized the value of the project and the scholarship program that was created for them, and there are already over 500 scholars currently playing Axie Infinity.

There are already significant revenues that are flowing into the Circle of Merit, which benefits the DAO itself, as well as players and liquidity providers. More are expected to come, especially since Merit Circle DAO will now start focusing on other opportunities in the metaverse through new games.

Furthermore, Merit Circle boasts an impressive list of partners, including DeFiance Capital, Spartan Group, Yield Guild Games and more. These and others are all industry-leading names, who have praised Merit Circle for building a scalable operational process that can effectively grow, onboard, and sustain new members. In fact, DeFiance Capital’s Arthur said that DeFiance believes that “Merit Circle will be among the top guilds that will be kingmakers in this land.”

All of the partners, plus a number of angel investors, supported the company during its seed round, helping it raise $4.5 million

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%).

According to Merit Circle’s Medium post, the project was audited by Quantstamp — one of the leading security assessment firms in the industry. Quantstamp analyzed and evaluated all aspects of the project, originally finding a total of 12 issues. The problems were resolved immediately, after which the code was analyzed by several individual senior developers. In addition, the project has held a bug bounty, allowing the community to comb through its code and check for additional problems that may have slipped through the standard checks.

Merit Circle is available for trading, with the earliest trading data suggesting that the coin trading started on Nov. 4, 2021, and the first volume data came in around Nov. 5, 2021.

Merit Circle (MC) launched with the price of $2.8, and while it did briefly go below this price on November 5th (dropping to $2.7024), it quickly recovered and hit an ATH at $9.55 on November 6th, before correcting slightly yet again. Now, the biggest question in the community is whether it can return to its ATH and breach it, and whether this would also allow it to hit $10? The project’s biggest recent developments include the introduction of staking which was announced on November 7th, as well as voting on ecosystem-related decisions.

Merit Circle is available on Uniswap (V2), Uniswap (V3), 0x Protocol, Hoo, and DODO. If you wish to learn more about how you can purchase cryptocurrencies, you can read more on CoinMarketCap’s educational portal — Alexandria — and start trading alongside other crypto community members on CoinMarketCap.

The all-time high of MC was 45.24 USD on 2021-11-16, from which the coin is now down 99.50652003293766%. The all-time high price of Merit Circle (MC) is 45.24. The current price of MC is down 99.50652003293766% from its all-time high.

As of , there is currently 0 MC in circulation. MC has a maximum supply of 0.

The current market cap of MC is 0. It is calculated by multiplying the current supply of MC by its real-time market price of 0.223250337099.

The all-time low of MC was 0.16155561 , from which the coin is now up 38.18791999794994%. The all-time low price of Merit Circle (MC) is 0.16155561. The current price of MC is up 38.18791999794994% from its all-time low.

Merit Circle (MC) has a market capitalization of $0 and is ranked #9163 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze Merit Circle (MC) price trends and patterns to find the best time to purchase MC.