- 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.
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.
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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.
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.
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.