Merit Circle (MC) on Binance Launchpool - Binance Exchange Top Trading Platform - Why Binance ?
27th project on Binance Launchpool - Merit Circle (MC) a play-to-earn gaming DAO. Farm MC tokens by Staking BNB, MC and BUSD.
What is Merit Circle Token ?
Merit Circle is a decentralized autonomous organization (DAO) that invests in play-to-earn games and utilizes the DAO’s NFT assets by lending to players.
Through collaboration, education, and tooling, players can increase their in-game earnings. Starting from 2022 Q1, players and managers will start playing through the Merit Circle dashboard, providing them with the Merit Circle meta-game experience; a game with challenges and rewards layered on top of the native game they are playing. This allows players to play two games in one while earning from both.
Users will be able to stake their BNB, MC and BUSD into separate pools to farm MC tokens over 60 days, with farming starting from 2021-12-03 00:00 AM (UTC).
MC Launchpool Details:
Token Name: Merit Circle (MC)
Total Supply: 1,000,000,000 MC
Circulating Supply: 42,592,000 (4.26% of total supply)
Launchpool Supply: 12,500,000 MC
Staking Terms: No upper limit. KYC required
Stake BNB: 8,750,000 MC in rewards (70%)
Stake MC: 2,500,000 MC in rewards (20%）
Stake BUSD: 1,250,000 MC in rewards (10%)
Farming Period: 2021-12-03 00:00 AM (UTC) to 2022-01-31 11:59 PM (UTC)
MC Farming Distribution
Dates (00:00:00 - 23:59:59 UTC each day)
Total Daily Rewards (MC)
BNB Pool Daily Rewards (MC)
MC Pool Daily Rewards (MC)
BUSD Pool Daily Rewards (MC)
Snapshots of user balances and total pool balances will be taken each hour to calculate user rewards, which will also be updated each hour.
Users will be able to accumulate their rewards (calculated each hour) and claim these rewards directly to their spot accounts at any time.
Each pool’s annual percentage yield (APY) and total pool balance will be updated in real time.
Tokens can only be staked in one pool at a time. For example, User A cannot stake the same BNB into two different pools at the same time, but can allocate 50% of their BNB into pool A and 50% into pool B.
Users will be able to unstake their funds at any time with no delay and participate in any other available pools immediately.
Tokens staked in each pool and also any unclaimed rewards will be automatically transferred to each user’s spot accounts at the end of each farming period.
BNB staked into Launchpool will still provide users with the standard benefits for holding BNB, such as airdrops, Launchpad eligibility and VIP benefits.
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