Merit Circle - A promising play-to-earn gaming DAO

INTRODUCTION

Merit Circle is a DAO platform where people can focus on developing play to earn economy. People will have opportunities to earn through play for people who want to help build the metaverse. This is done through the Merit Circle platform we are building, which hosts scholarship opportunities, educational opportunities, and everything a person could need on their journey towards being an earning gamer in the metaverse.

The Merit Circle DAO consists of a mainDAO governing over numerous subDAOs that function as tentacles all across the Play-to-Earn industry. The protocol is maintained by various independent parties and individuals through governance powered by the MC token holders.

It’s basically a platform connecting gamers, DAO contributors, managers with anything related to gaming and play to earn. Currently, it’s working with Axie and Vulcan Forged.

TOKENOMICS

Total supply: 1,000,000,000 $MC

Contract: 0x949D48EcA67b17269629c7194F4b727d4Ef9E5d6

Token type: ERC 20

Functions:

Governance and voting
Staking
Participation in NFT sale and gaming rewards

DISTRIBUTION

Community Incentives – through various means we want to reward our community for their efforts in contributing to our DAO’s succes – 29.44% (294,375,000 MC tokens)
Team & Advisors – rewarding the core team members and advisors for their full-time effort to our DAO’s succes 20% (200,000,000 MC tokens)
DAO Treasury – a position in the entire DAO’s treasury will consist of MC tokens – 18.40% (183,980,000 MC tokens)
Early Investors – the contributors that participated in our seed round – 14.06% (140,625,000 MC tokens)
Liquidity Rewards – incentives for providing liquidity on decentralized exchanges – 10% (100,000,000 MC tokens)
Public distribution – tokens set aside for the public round – 4.10% (41,020,000 MC tokens)
Retroactive rewards – reward for the earliest backers in the Axie420 period – 4% (40,000,000 MC tokens)

Community Incentives — No cliff period, 36 months vesting — tokens can only be allocated based on approved governance proposals
Team & Advisors — 12 months cliff period followed by 42 months vesting
DAO Treasury — No cliff period, 36 months vesting — tokens can only be allocated based on approved governance proposals
Early Investors — 6 months cliff period followed by 36 months vesting
Liquidity Rewards — 12 months cliff period after claiming (refer to information below)
Public Distribution — No vesting
Retroactive Rewards — 10% distribution after TGE, remaining part 18 months vesting