What Is Merit Circle (MC)?
The Merit Circle platform is a DAO (decentralized autonomous organization) that creates earning opportunities for people who are expanding the metaverse. DAO refers to decentralized social organizations described by rules encrypted as a transparent computer program. More precisely, the platform hosts several educational and scholarship opportunities and provides resources to aspiring gamers in the metaverse.
Moreover, Merit Circle aims to revolutionize gaming and educate players. Additionally, the DAO comprises a platform for gamers to earn revenue by participating in games in the play-to-earn model. Additionally, the network provides competitive in-game resources to the players. Also, the platform hosts classes and offers educational content for players to improve their performance. At present, 20 games are available on the Merit Circle DAO. Also, every profit earned by the player is split into two parts. More precisely, the platform keeps 30% of the profit and distributes the remaining share to the gamer as a reward.
In addition, the DAO is developing a platform covering everything a player requires or wants to know. Hence, Merit Circle aims to provide gamers with a place where they can easily switch between games and see their in-game statistics. Also, with the use of the platform, users can conveniently access their finances without quitting the ongoing game.
Additionally, Merit Circle includes the main DAO controlling several sub-DAOs that help in the expansion of the play-to-earn sector. Moreover, various individuals enable the governance of the platform’s protocol supported by the MC token holders.
MC token is a governance token of Merit Circle that holders can use to contribute to the decision-making of the DAO. Governance tokens refer to cryptocurrencies that grant voting rights to the holders. Besides this, users can state MC tokens for a substantial amount of the coins.
History of Merit Circle
The Merit Circle released its platform in the fourth quarter of 2021.
