Merit Circle, building a decentralized autonomous organization (DAO), focused on developing the play-to-earn economy, with a mission to maximize value accrual across different games in the metaverse.
Oct 12, 2021 00:00:00
Jan 31, 2022 23:00:00
ICO Details
What Is Merit Circle?
Merit Circle, building a decentralized autonomous organization (DAO), focused on developing the play-to-earn economy, with a mission to maximize value accrual across different games in the metaverse.
Merit Circle Unique Features
Merit Circle aims to keep innovation at the forefront of the Play To Earn gaming industry, with operations common across a variety of sectors, creating an organization that is constantly adapting and evolving.
The project will not just focus on Axie Infinity. The team will continue to look for opportunities in the metaverse through new games, new revenue models such as current prominent game projects Illuvium, Star Atlas, etc
Roadmap
- Q4 – 2021: Scaling – Hyper-aggressive of community + strategies – Time weighted staking
- Q1 – 2022: Tooling – Managers + Player dashboard with tooling (scripts + accounting)
- Q2 – 2022: Dencentralization – Rollout of sub DAOs – On-chanin voting + subDAo weighted staking
- Q3 – 2022: Brand Leverage – eSports team, player sponsoring, sponsorship, NFT deals and liquid vauits
Merit Circle Token Economy
- Governance token
- Share in profits generated by the DAO, directly through staking and indirectly through buybacks and bums
- Staking weight to each subDAO is adjustable, weight will determine relative voting weight and profit share weight to each subDAO
- Time weighted rewards – longer (locked) staking will give higher relative staking rewards than fiexible (short term) staking
Detailed Token Metrics
TBA
Token Distribution
- Community Offer: 29.4%
- Team & Advisors: 20%
- Treasury DAO: 15%
- Initial investors: 14.1%
- Liquidity bonus: 14%
- Public distribution: 7.5%
- Retroactive Rewards: 4%
Token Release Schedule
- 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
Partners & Advisors
Merit Circle closed its seed round raising $4.5 million from a range of reputable venture capitalists and strategic partners. The established DAO will include leading names in the industry such as DeFiance Capital, Mechanism Capital, Spartan Group, DCG, Maven11, OP Crypto, Dialectic, CitizenX, Yield Guild Games and Bitscale Capital.
And angel investors like Jihoz (Axie), Alex and Isaac (Nansen), Gmoney, Kieran and Danny (Illuvium), Kristaps (Hashrush), Tin (Sipher), Ryan (Teller), Calvin (Impossible Finance), Bobby (Coingecko), Piers (Bitkraft), Richard (Quantstamp) and many more!
Team Members
TBA
Token Sale Pages
https://www.oxbull.tech/#/projects
https://launchpad.binance.com/en/launchpool/MC_BNB
Investors
Updating