Why is Merit Circle crypto soaring & where to buy MC coin?

Follow us on Google News:
 Why is Merit Circle crypto soaring & where to buy MC coin?
Image source: © Mbruxelle/Megapixl.com

Highlights

  • Crypto enthusiasts could be giving attention to Merit Circle crypto as it announced a partnership with a play-to-earn cryptocurrency.
  • Merit Circle crypto is the native utility token of a decentralized autonomous organization (DAO) called Merit Circle.
  • Merit Circle crypto is a governance token and users can use this token to vote on the network's governance decisions.

The Merit Circle cryptocurrency (MC) is experiencing a price surge since the last 24 hours and it was up 21.1 per cent to US$ 6.68 per token, at the time of writing.

The price surge could be due to the announcement of its partnership with the Elfin Kingdom, which is a play-to-earn platform. Under the deal, Merit Circle has invested US$ 100,000 in the Elfin Kingdom.

Crypto enthusiasts could be giving attention to Merit Circle crypto as the Elfin Kingdom fuses decentralized finance (DeFi) and gaming finance (GameFi).

In addition, the play-to-earn platform's unique non-fungible tokens (NFTs)- Elfins can be collected and evolved up to 3x times by users.

Also Read: What is FoxBoy crypto & how to buy this token?

What is Merit Circle crypto?


Merit Circle crypto is the native utility token of a decentralized autonomous organization (DAO) called Merit Circle.

This project was created to maximize value accrual in metaverse games, and it is focused on cryptocurrency, gaming and investing.

Where to buy MC crypto?

© 2021 Kalkine Media®

Merit Circle crypto is a governance token and users can use this token to vote on the network's governance decisions. Apart from this, the MC coin has several use cases like users can get exposure to gaming NFTs across multiple subDAOs.

The MC coin can also be used for staking and its holders can get early access to NFT drops and they will be eligible for product discounts and platform's rewards.

Also Read: What is BAX crypto & why has it soared 6000%? Know its price prediction


According to Binance, the world’s largest cryptocurrency exchange, Merit Circle crypto has a maximum supply of 1,000,000,000 tokens and a circulating supply of 42,592,000.

Notably, Merit Circle supports Axie Infinity, the most popular play-to-earn game and it has the highest volume traded.

Bottom line


If you are interested in Merit Circle crypto, then you can visit cryptocurrency exchanges like HitBTC, Bitrue, Binance and Uniswap (V3) to buy this cryptocurrency.

Blockchain-based games and NFTs are becoming increasingly popular, and Merit Circle DAO could take advantage of it by attracting a solid gaming community.

According to the project’s website, there are more than 3.5 billion games worldwide and the global gaming industry is expected to reach US$ 314 billion in the next five years.

 

 

 

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.

Featured Articles

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK