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Merit Circle: Unveiling New Horizons in Decentralized Gaming
Merit Circle: Unveiling New Horizons in Decentralized Gaming
MC is a token associated with the Merit Circle, a novel gaming era, fostering a community-centric platform via a decentralized autonomous organization (DAO). It's an emblem of innovation in the gaming universe, courtesy of its native blockchain, Beam, ...
10/17/2023
Index Coop
Merit Circle (MC), a beacon of decentralized gaming, is orchestrating a paradigm shift by championing player-centric ecosystems. The linchpin of this transformation is Beam, a bespoke blockchain for gamers, marking the dawn of an interactive, transparent gaming era.
The Merit Circle token is the catalyst for community-driven governance, allowing stakeholders to steer the ecosystem's trajectory. It's more than a token; it's a vessel for community empowerment, enabling a democratic, merit-based gaming universe.
What is MC?
Merit Circle is a DAO with a vision to redefine gaming. By leveraging blockchain technology, it's crafting a player-driven ecosystem, a stark contrast to traditional gaming platforms.
Decentralized Autonomous Organization (DAO)Merit Circle operates as a DAO, which is a self-governing organization powered by blockchain technology. This structure allows for decentralized governance, where decisions are made collectively by the community of MC token holders, as opposed to a centralized authority.
Player-Driven EcosystemBy leveraging blockchain technology, Merit Circle is crafting a player-driven ecosystem. This is a significant deviation from traditional gaming platforms which are typically controlled by centralized entities. In Merit Circle's ecosystem, players have a say in the decision-making processes, and they can also potentially earn from their contributions through Play-to-Earn models3.
Blockchain TechnologyBlockchain technology is fundamental to Merit Circle's operations. It enables transparency, trust, and decentralization, which are critical for creating a player-driven ecosystem. Through blockchain, transactions and governance decisions are recorded securely and transparently, ensuring fairness and openness.
Gaming and Metaverse IntegrationMerit Circle is not just about gaming but extends its vision to the broader metaverse. It supports notable NFT games like Axie Infinity and has partnerships with entities like Axes Metaverse, indicating a desire to create a more expansive, interconnected virtual universe.
Who Created MC?
Merit Circle (MC) was conceived by a coalition of individuals with a shared enthusiasm for gaming, blockchain technology, and decentralized governance. This initiative reflects a community-driven innovation ethos aimed at redefining the gaming industry. Here’s a deeper insight into its creation and the individuals behind it:
Founding TeamMarco van den Heuvel: Marco is one of the co-founders and serves as the Chief Executive Officer (CEO) of Merit Circle. He has a background in Web3 gaming and is dedicated to developing the play-to-earn economy, showcasing a strong interest in decentralization and blockchain technology1.
Tommy Quite: Tommy is the Chief Financial Officer (CFO) and a co-founder of Merit Circle. He also holds a position as a co-founder at Flow Ventures, indicating a background in early-stage investments and a passion for supporting innovative start-ups, particularly in the decentralized and gaming domains.
InceptionMerit Circle was founded in 2021, with its headquarters located in the Netherlands. The foundational idea was to leverage blockchain technology to foster a player-driven ecosystem, a sharp departure from traditional, centrally controlled gaming platforms.
MC Governance and Tokenomics
Merit Circle's governance token (MC) is the hallmark of a democratic gaming ecosystem, enabling a community-centric model of decision-making.
Token DistributionInitial Distribution: Merit Circle's initial token distribution is allocated as follows:
4.10% to Public Distribution,
14.06% to Early Investors,
20.00% to Team & Advisors,
18.40% to DAO Treasury,
10.00% to Liquidity Rewards,
29.44% to Community Incentives,
4.00% to Retroactive Rewards.
Governance MechanismMerit Circle operates as a Decentralized Autonomous Organization (DAO), wherein every MC token holder is granted voting rights, empowering them to participate in decision-making processes regarding the platform's future2.
The governance structure consists of a mainDAO overseeing numerous subDAOs across the Play-to-Earn industry, with the protocol maintained by various independent parties and individuals, all coordinated through governance mechanisms powered by MC token holders.
Community-Centric Decision MakingToken holders have a say in critical decisions, as demonstrated when Merit Circle voted to burn all remaining tokens in the Community Incentives wallet to reduce the total supply, a move valued at roughly $150 million4.
The governance model encompasses different verticals including investments, gaming, studios, and a community sphere, indicating a multifaceted approach to community engagement and decision-making5.
Token UtilityThe MC token is not just a governance token but also forms a core part of Merit Circle's economic model, facilitating various functionalities within the ecosystem.
Through this governance and tokenomics structure, Merit Circle aims to create a democratic gaming ecosystem that prioritizes community involvement and decision-making, aligning with its broader mission to revolutionize the gaming industry by merging it with the metaverse. This approach fosters a participatory environment where token holders can actively contribute to the platform's development and direction.
Why is MC included in MVI?
Merit Circle (MC) has a significant presence in the metaverse and Play-to-Earn gaming sectors, which is likely a factor in its inclusion in indices related to these spaces. As a decentralized autonomous organization (DAO), Merit Circle aims to revolutionize gaming by creating a platform that intersects capital, expertise, and players in the metaverse. Specifically, Merit Circle has been involved in supporting notable NFT games like Axie Infinity and has partnerships with other entities in the metaverse, such as Axes Metaverse, which further solidifies its standing in the gaming and metaverse ecosystems.
How can I gain exposure to MC?
You can gain exposure to MC by buying MVI tokens on various cryptocurrency exchanges. You can buy MVI directly from the Index Coop by connecting your wallet to the Index Coop app
If you’re looking to exchange a fiat currency, like the U.S. dollar, directly for MVI, then you’ll want an Ethereum wallet like Argent, Metamask, or Rainbow. With each of these wallets, you can connect to your bank account or debit card, which allows you to exchange fiat currencies directly for Index Coop products like MVI.
What is MVI?
The Metaverse Index (MVI) is designed to capture the trend of entertainment, social activity, and business moving to take place in virtual economies powered by NFTs and blockchain technology. The MVI uses a combination of the square root of market cap and DEX liquidity to arrive at the final index weights.
As a bundled crypto asset, you effectively own all of the underlying tokens. You can redeem your units of MVI for the underlying tokens, a feature of traditional structured products that are typically reserved for large institutional investors.
About Index Coop
Index Coop is a decentralized autonomous organization (DAO) that powers structured decentralized finance (DeFi) products and strategy tokens using smart contracts on the blockchain. We offer a suite of sector-structured products, leverage and inverse products, and yield-generating products. We aim to create products that are simple to use, accessible to everyone, and secure.
Our products are built on Index Protocol, a good-faith fork of Set Protocol v2 that allows for the creation and management of Ethereum-based (or ERC-20) tokens. Among users, partner protocols, and our composable products, Index Coop maintains one of the largest partnership networks in the DeFi ecosystem.
How to buy Index Coop products with fiat currencies:
First, you must create an Ethereum wallet like Argent, Metamask, Gemini, or Rainbow.
Next, you’ll set up your new wallet and connect your bank account.
Once you’ve deposited fiat currency in your wallet, you can exchange it for Index Coop products like
or the
.
You can also buy MVI tokens directly via your favorite decentralized exchange.
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