Get 30% p.a. on Merit Circle with SwissBorg's secure Smart Yield wallet!
Once you start releasing Smart Yield wallets, it's hard to stop. This week, we continue our streak by listing Merit Circle (MC) and making its Smart Yield wallet immediately available.
Starting May 24, all users with MC in their portfolio can start earning 30% p.a. on the token with SwissBorg.
Smart Yield wallets are very safe as we keep your funds segregated from SwissBorg's operational funds. So, sit back, relax and start counting that passive return on your investment!
What is Merit Circle?
With an ambitious mission of revolutionising gaming, Merit Circle is a DAO (decentralised autonomous organisation) hosting scholarship opportunities, educational opportunities, and all the other things one could need to become a Metaverse gamer that earns a profit.
Merit Circle has four verticals - investments, development & incubation, gaming, and trading - each with its own products. It can also be further dissected into subDAOs. These subDAOs have their own strategies for generating revenue called vaults.
Independent parties and individuals maintain the DAO through governance, with governance power given to anyone holding the DAO's token.
The purpose of Merit Circle
Through investments in play-to-earn games and distributing DAO assets to gamers, creators and contributors, Merit Circle wants to give crypto and gaming enthusiasts more opportunities.
With Merit Circle, one can explore the vast sea of Metaverse games, including first-person shooters, MMORPGs, MOBAs and competitive card battlers.
What's particularly interesting about these games is that the players govern them. This is achieved using innovative in-game economics, which rewards merit to players based on their performance.
Another way Merit Circle tries to stand out is by pushing for diversification in two areas - the diversification of its play-to-earn game portfolio and infrastructure partners.
When did Merit Circle launch, and where is it now?
Merit Circle officially launched on November 4, 2021, meaning it’s quite a young project. Still, the project has a big social media following and a large community.
To help you get a better grasp of Merit Circle's popularity, let's look at some numbers.
Total gamers - 3750 gamers from Asia, Africa, Europe, and South America earn daily rewards by playing a range of different games.
Total games - Currently, Merit Circle works with 50 of the best play-to-earn games, including Axie Infinity, one of the most popular blockchain-based games.
Total gamer earnings - Through great performance enabled by educational content and 1-on-1 coaching sessions, Merit Circle gamers have earned over $2M. Gamers receive 70% of the earnings made using in-game assets.
Assets under management - The Merit Circle treasury is worth around $115M and consists of precious NFTs and other in-game assets used to acquire more income for Merit Circle.
A long list of famous partners, including DeFiance Capital, Spartan Group, Yield Guild Games and more, is another thing Merit Circle boasts. These partners believe that Merit Circle is a sustainable ecosystem that can grow even further and thus give it their support.
The future of Merit Circle
Merit Circle has plans to support Star Atlas, Illuvium, Hash Rush and more games. This expansion has many convinced that the project could potentially become a source of income for the gamers using it.
The Merit Circle token
The Merit Circle token, MC, is an ERC-20 token with value and utility.
The DAO incentivises the purchasing and retaining of MC, so anyone that becomes an MC token holder unlocks:
- Play-to-earn index
- Staking and bonuses
- Governance power
The token has a total supply of 1,000,000,000 and a circulating supply of 42,592,000.00, according to CoinMarketCap.
The distribution of the total token supply is as follows:
- Team members and advisors - 20%
- Community incentives - 29.4%
- Early investors - 14.1%
- Public distribution - 7.5%
- DAO treasury - 15%
- Liquidity rewards - 10%
- Retroactive rewards - 4%
Earn a yield on Merit Circle
As MC is a yield-eligible asset that just received its Smart Yield wallet, you can now have your MC work for you 24/7 and bring you a daily return.
Putting your assets in Smart Yield allows you to participate in yield farming without doing the complicated and risky work yourself. It also gives you peace of mind regarding the safety of your assets.
The benefits of the Merit Circle Smart Yield wallet
By depositing just $10, you get to activate the Merit Circle Smart Yield wallet and enjoy the following benefits:
- A yield that is compounded daily, thus leading to a higher cumulative yield over time.
- A Smart Yield strategy optimiser, which monitors as well as rates investment opportunities and allows your assets to be invested in the lowest-risk platforms only.
- A transparent overview of Smart Yield performance through monthly reports.
Members of SwissBorg Premium also get a yield boost of 1.5X or 2X depending on the Premium plan they have, along with discounted fees on exchanges.
Oh, and did we mention that there is no minimum investment period? The Smart Yield benefits just keep coming!
Activating the Merit Circle Smart Yield wallet
Ready to start earning that 30% yield? Here are the steps you need to take:
- Update your app to the latest version
- Deposit, buy or exchange to MC
- On the Portfolio screen, tap on MC
- Scroll down, and tap the Yield Wallet card
- Tap Top Up
- Choose how much you would like to add to your yield wallet
- Follow the prompts to start earning a daily yield!
Note that while there is no minimum investment period, redemptions are actioned every 24 hours. Once you ask to redeem funds, they will be transferred to your active account at 8 AM CET the following day.
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