Binance has announced project Merit Circle (MC), a gaming DAO earned by playing project 27 on Binance Launchpool. Users will be able to stake their BNB, MC and BUSD in separate pools to earn MC tokens by farming for 60 days starting at 03:00 on 03/12/2021. A short preliminary research is “What is the Circle of Merit (MC)?” Let’s start with…
What is Circle of Merit (MC)?
Merit Circle is a decentralized autonomous organization (DAO) focused on improving the play-to-win economy. The project aims to create a new era of gaming where users can earn money by playing their favorite games instead of acting as a simple hobby. The project started on November 4, 2021, but has been in development since July 2021. Despite his young age, he has a large community on Twitter with over 64,800 followers.
Merit Circle currently supports Axie Infinity, the most popular monster-fighting monster-to-play game with the highest trading volume. Meanwhile, by playing to win, scientists are acquiring new skills that will soon be in great demand as employers slowly but surely expand into the crypto metaverse. Let’s continue with the details of Launchpool…
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MC Launchpool details:
- 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
- Stake Conditions: No upper limit. KYC required
Merit Circle (MC) has a total supply of 1,000,000,000 MCs. Information on how many tokens will be released is not yet available. It is known that 20% of the total supply will be reserved for team members and consultants; 29.4% will be used for community incentives; 14.1% will be allocated to early investors; 7.5% will be distributed to the public; The DAO Treasury will hold 15%. The remaining 14% will be used as rewards for liquidity rewards (10%) and Retroactive rewards (4%).
- Stake BNB: 8. 750. 000 MCs (70%) in awards
- Stake MC : 2. 500.000 MC (20%) in awards
- Stake BUSD : 1. 250. 000 MCs (10%) in rewards
- Farming Period: 2021-12-03 00:00 AM (UTC) – 2022-01-31 23:59 PM (UTC)
MC farming distribution
|Dates (everyday 00:00:00 – 23:59:59 UTC)||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|