Merit Circle is emerging as a pioneering Decentralized Autonomous Organization (DAO) that is shaping the future of gaming within the metaverse. Its vision is to provide an exciting way to earn through active participation in building this virtual world. Within the Merit Circle platform, a plethora of learning opportunities and support mechanisms are available to those who wish to step into the metaverse while reaping financial rewards from their gaming experience. It's no surprise that this approach echoes the successful inception of the game Axie Infinity, which was brought to life by the same visionaries.
The organizational structure of Merit Circle ingeniously comprises a central DAO that guides operations across various smaller DAOs. This entire mechanism is powered by individuals and groups holding the MC token, which plays a crucial role in governance. The functioning of Merit Circle is designed to allow player-mentors to take on mentorship roles within the organization. These mentors have the opportunity to guide "students," who over time can evolve into mentors themselves. This system creates an advantage, as mentor status comes with benefits, including additional rewards based on performance. Currently, the organization is in the process of developing a platform that serves as the intersection between capital (represented by investors), expertise (mentors), and players (gamers).
The Merit Circle token (MC) becomes the epicenter of all project activities. This utility token empowers holders by enabling them to actively participate in organization governance. MC holders have the power to vote on decisions of all sizes, from those impacting the entire ecosystem to smaller ones. This process takes place through a governance forum where members can voice their opinions and present proposals, which are collectively decided upon by the central DAO's contributing community, including players and mentors. Moreover, owning the MC token also grants access to a variety of other games following the play-to-earn model, as well as exclusive NFTs.
The ingenuity of Merit Circle's operation further unfolds in its operations. The central DAO interacts with several smaller DAOs, each dedicated to a specific game within the play-to-earn ecosystem. A vivid example is the DAO associated with the renowned game Axie Infinity. In this DAO, over 1,500 skilled players have been benefitted with scholarships and support, enabling them to generate returns for the DAO itself. These returns, in turn, fuel the central DAO, accumulating the resources needed to expand its presence into new games, acquire more NFTs, and adopt innovative yield strategies, creating a continuous cycle of growth.
Among the games currently available on the platform, three stand out:
Sidus Heroes: A futuristic game within the metaverse, offering a wide range of activities from Arena battles to product crafting and resource extraction, ensuring an immersive experience.
VulcanVerse: An MMORPG based on Greco-Roman mythology, where players own assets, including temples and even Gods. Through NFTs, players truly possess what they've earned.
Axie Infinity: A captivating blend of Pokémon and Tamagotchi, where players are rewarded with tokens for battles and adventures. The focus is on battling, collecting, breeding, and developing a terrestrial realm for the beloved game creatures, the Axies.
Furthermore, an exciting horizon awaits with the upcoming launch of several games, including titles like Ascenders, Metalcore, Mobland, and WonderHero. Merit Circle is undeniably on track to position itself among the top 10 on CoinMarketCap, solidifying its role as the blockchain gaming powerhouse of tomorrow.
The organizational structure of Merit Circle ingeniously comprises a central DAO that guides operations across various smaller DAOs. This entire mechanism is powered by individuals and groups holding the MC token, which plays a crucial role in governance. The functioning of Merit Circle is designed to allow player-mentors to take on mentorship roles within the organization. These mentors have the opportunity to guide "students," who over time can evolve into mentors themselves. This system creates an advantage, as mentor status comes with benefits, including additional rewards based on performance. Currently, the organization is in the process of developing a platform that serves as the intersection between capital (represented by investors), expertise (mentors), and players (gamers).
The Merit Circle token (MC) becomes the epicenter of all project activities. This utility token empowers holders by enabling them to actively participate in organization governance. MC holders have the power to vote on decisions of all sizes, from those impacting the entire ecosystem to smaller ones. This process takes place through a governance forum where members can voice their opinions and present proposals, which are collectively decided upon by the central DAO's contributing community, including players and mentors. Moreover, owning the MC token also grants access to a variety of other games following the play-to-earn model, as well as exclusive NFTs.
The ingenuity of Merit Circle's operation further unfolds in its operations. The central DAO interacts with several smaller DAOs, each dedicated to a specific game within the play-to-earn ecosystem. A vivid example is the DAO associated with the renowned game Axie Infinity. In this DAO, over 1,500 skilled players have been benefitted with scholarships and support, enabling them to generate returns for the DAO itself. These returns, in turn, fuel the central DAO, accumulating the resources needed to expand its presence into new games, acquire more NFTs, and adopt innovative yield strategies, creating a continuous cycle of growth.
Among the games currently available on the platform, three stand out:
Sidus Heroes: A futuristic game within the metaverse, offering a wide range of activities from Arena battles to product crafting and resource extraction, ensuring an immersive experience.
VulcanVerse: An MMORPG based on Greco-Roman mythology, where players own assets, including temples and even Gods. Through NFTs, players truly possess what they've earned.
Axie Infinity: A captivating blend of Pokémon and Tamagotchi, where players are rewarded with tokens for battles and adventures. The focus is on battling, collecting, breeding, and developing a terrestrial realm for the beloved game creatures, the Axies.
Furthermore, an exciting horizon awaits with the upcoming launch of several games, including titles like Ascenders, Metalcore, Mobland, and WonderHero. Merit Circle is undeniably on track to position itself among the top 10 on CoinMarketCap, solidifying its role as the blockchain gaming powerhouse of tomorrow.