• Merit Circle is a decentralized autonomous organization (DAO) that is on a mission to revolutionize gaming. As a DAO, our mission is to revolutionize gaming by empowering individuals to play a role in shaping its future.

  • The MC token is the heart of our DAO. To best describe what holding $MC unlocks, we’ve broken it down into the following categories:

    • Governance: Owning even a fraction of a MC token gives the holder a voice in the future of the DAO. This includes big or small decision making.

    • Decentralized Gaming Index (DGI): Since we’re focused on the gaming industry as a whole, by owning a piece of the MC token, players may get to participate in dozens of games and NFTs.

    • Staking: The MC token (including MC/ETH Uni-v2 LP tokens) can be staked, which pursuant to the current staking smart contracts may provide stakers with increased voting power and eligibility to receive additional MC tokens (to further increase the voting power).

  • The DAO is divided up into four verticals, namely:

  • The Merit Circle Treasury records a balance as of 31st January 2023 to be $97,150,632.

  • As of March 2nd, 2023, the current token supply was 363,638,203 MC, with a total token supply of 647,136,750 MC.

  • The current circulating supply makes up 56% of the total token supply.

Key metrics (as at March 2nd 2023)



Token Type


Initial Circ. Supply When Listed on Binance

42,592,000 MC (6.58% of the total token supply)

Total and Maximum Token Supply

647,136,750 MC

Binance Launchpool Allocation

12,500,000 MC (1.93% of the total token supply)

Binance Launchpool Start Date

December 3rd 2021

1. What is Merit Circle (MC)?

Merit Circle is a decentralized autonomous organization (DAO) that is on a mission to revolutionize gaming. As a DAO, our mission is to revolutionize gaming by empowering individuals to play a role in shaping its future.

As the DAO has grown and evolved, so too has the DAO’s ability to support, create and positively influence the GameFi industry. Merit Circle's activities and products are now housed under four distinct branches - Investments, Marketplace, Gaming and Studios. These verticals focus the DAO’s ambitions, and allow Merit Circle to positively impact key areas in the Web3 landscape. Bringing these verticals together creates a vibrant network of products, tools and services that users can utilize to begin their journey in the decentralized gaming industry.

Vertically integrated gaming DAO

The Merit Circle DAO consists of four verticals. Each vertical can stand alone with its respective products, but together they create an ecosystem that adds value to the Merit Circle DAO and, thereby, the $MC token, as illustrated in the image below.

Overview of Merit Circle's DAO structure

Overview of Merit Circle's DAO structure

Source: Merit Circle's Medium

Merit Circle Investments

Web3 has not only made gaming entertaining but rewarding for gamers and investors. Since its inception, the Merit Circle DAO has invested in countless projects in the space and has worked hard to create a resilient treasury consisting of venture, token, NFT investments, and staking operations. The focus of this vertical is to make sure that the treasury is run with the goal of improving long-term risk-adjusted returns. This will serve to promote the growth of the broader Merit Circle gaming DAO.

Merit Circle Gaming

Just as the body requires blood to run through its veins, the Merit Circle DAO is intrinsically connected to the world of gaming. The DAO loves gaming: Merit Circle invests in games, incubates games, has thousands of gamers in their community, and, with the development of their gaming platform, Merit Circle is bringing it all together in one place. Merit Circle is a gaming DAO that dives deep into the gaming industry, and they are on a mission to make Merit Circle synonymous with Blockchain gaming.

Merit Circle Studios

The Merit Circle Studios houses the DAO’s ambitions to create innovative projects and collaborate with the most promising projects. Using the force of the entire DAO, they can combine their skillset, expertise, community, and significant treasury in creating an open and creative space. The aim of this vertical is to formalize a space where new projects that push ground-breaking concepts are incubated and where core contributors in the DAO can work on publishing concepts of their own.

Our NFT Marketplace - Sphere

With the dominance of the NFT space in the decentralized gaming industry, Merit Circle has noticed some clear issues regarding the centralization of power, in addition to fragmented markets. The DAO would like to set an industry standard by introducing Sphere. With their experience in the decentralized gaming industry, Merit Circle would like to extend their sustainable model by filling the current gap in the NFT market. Merit Circle’s focus in this vertical is to establish a new standard of NFT marketplaces by overcoming the common pitfalls of this space.

2. Token sales and economics

2.1 Token Distribution

Token Name


Seed Sale

14.06% of the total token supply

Public Sale

4.10% of the total token supply

Binance Launchpool

1.25% of the total token supply

Community Incentives

30.19% of the total token supply

Team and Advisors

20.00% of the total token supply

DAO Treasury

16.40% of the total token supply

Staking Rewards

10.00% of the total token supply

Retroactive Rewards

4.00% of the total token supply

2.2 MC Token Release Schedule

  • Continuous burns of $MC have been since the emergence of the Merit Circle DAO. This is an important disclaimer when analyzing the tokeneconomics of the Merit Circle DAO. Learn more about the token distribution of MC here.

3. Roadmap and Updates

3.1 Completed Milestones

Completion Date



September 2021

Recruited more than 850 Scholars

November 2021

Raised $105.6MM from LBP Copperlaunch - Public Sale

November 2021

Introduced DAO Governance

December 2021

2021 Recap

March 2022

Restructuring of the DAO

July 2022

Launching the Merit Circle Gaming platform

November 2022

Launching Staking v2

Feb 2023

Locking up initial contributor tokens for at least 4 years

3.2 Current Roadmap

  • No public roadmap available now.

3.3 Commercial and Business Development Progress

  1. OhBabyGames: Merit Circle DAO invests $180,000 in OhBabyGames seed round

  2. Looking forward into 2023: Sharing everything that is scheduled to happen in the year 2023

  3. MIP-20 A 200 Million Merit Circle Token Burn: An accepted proposal that burned 200 million $MC tokens

  4. MIP-18 Investment in Project Firebrand & Roadside: $8 total investment in two promising projects

  5. Introducing Merit Circle Tactile: Quality merchandise for the most active DAO community members

  6. Merit Circle Grants: Opening applications to research and development grants

4. Community

5. Appendix