Merit Circle

Halal Rating :
Comfortable
Last Price $0.11 Last updated:
Rank 4888
1D Change -9.46 %
Market Cap -
Circulating supply 0
Maximum supply None

Crypto Overview

Categories
  • Gaming
  • Ethereum Ecosystem
  • Binance Launchpool
  • Governance
  • Play To Earn
  • Token
  • Gaming Guild
  • Spartan Group

Overview

Merit Circle (MC) is a decentralized autonomous organization (DAO) focused on the blockchain gaming industry. The MC token serves as the governance token for the Merit Circle DAO, allowing holders to participate in decision-making processes regarding the platform's development and treasury management.

Purpose and Utility

The primary purpose of MC token is governance of the Merit Circle ecosystem, which includes: voting on proposals affecting the DAO's direction, managing treasury assets, and participating in the platform's development decisions. The token also provides utility within Merit Circle's gaming ecosystem and their gaming infrastructure platform called Sphere.

Business Model Evaluation

The business model centers around building and investing in blockchain gaming infrastructure, supporting game developers, and creating sustainable gaming economies. The DAO actively invests in gaming projects and provides infrastructure through their Sphere platform. These activities align with halal principles as they involve legitimate business operations and technological development.

Real-World Adoption

Merit Circle has established partnerships with multiple blockchain games and gaming studios. Their Sphere platform is actively used by game developers for building blockchain games. The DAO maintains a substantial treasury that actively invests in gaming projects.

Token Distribution and Governance

The token distribution includes allocations for the DAO treasury, team members, and public participants. The project maintains transparency in its governance processes and treasury management through regular community updates and public proposals.

Revenue Model

The project generates revenue through its investments in gaming projects, infrastructure fees from Sphere platform usage, and treasury management. These revenue streams come from legitimate business activities rather than interest-bearing mechanisms.

Rating Justification

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