Merit Circle is a decentralized autonomous organization (DAO) that focuses on developing the play-to-earn (P2E) economy. The project aims to allow users to earn money by playing games they love, rather than just as a hobby. It launched on November 4, 2021, and already has a large community with over 64,800 Twitter followers.

Merit Circle currently supports Axie Infinity, the most popular play-to-earn game, and plans to support other games like Star Atlas, Illuvium, and Hash Rush in the future.

Merit Circle is a leading DAO that aims to maximize value accrual across different games in the metaverse. It brings together investors, platform managers, and gamers to create potentially life-changing income for players. The project already has significant revenues flowing into the Circle of Merit and has partnerships with industry-leading names like DeFiance Capital and Yield Guild Games.

If you want to invest in Axie Infinity (AXS) itself, you can find it here. Be sure to check out Ethereum (ETH), the blockchain that hosts the Axie Infinity game. Also, keep an eye on Small Love Potion (SLP), which is needed to breed Axies. You can track the progress of MC on the page of top DAO tokens by market capitalization.

Merit Circle (MC) has a total supply of 1,000,000,000 MC. The allocation of tokens includes 20% for the team members and advisors, 29.4% for community incentives, 14.1% for early investors, 7.5% for public distribution, 15% for the DAO Treasury, and 14% for rewards.

Merit Circle underwent a security audit by Quantstamp, a leading security assessment firm. The project resolved identified issues and conducted additional code analysis. A bug bounty program was also held to involve the community in code review.

Merit Circle is available for trading since November 4, 2021.

Merit Circle (MC) launched at $2.8 and reached an all-time high (ATH) of $9.55 on November 6th. The community is curious if it can return to its ATH and breach $10. Recent developments include the introduction of staking and voting on ecosystem-related decisions.

Merit Circle is available on Uniswap (V2), Uniswap (V3), 0x Protocol, Hoo, and DODO. You can learn more about purchasing cryptocurrencies on BYDFi's educational portal, Alexandria.

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 Capitals 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 Circles 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 projects 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 BYDFis educational portal — Alexandria — and start trading alongside other crypto community members on BYDFi.