Moralis Money Showing on-chain data for a Merit Circle Price Prediction

With the growing interest in the native MC token, we’re taking this article to dive deeper into Merit Circle. This will give you a better understanding of what the project is all about and provide insight into why the project has seen a growing interest. In addition, we’re going to look at a tool letting you perform your own Merit Circle price prediction!

If you want to discover similar coins like Merit Circle before they break out, make sure to try out Moralis Money for free. You can test Moralis Money directly in the interactive widget down below. 

Apply one of the built-in filters, or create a custom search query from scratch by combining various metrics: 

If you’d like to learn more about using Moralis Money, you can do so in the ”Moralis Money – How Does it Work?” section. Here, we’ll demonstrate all Moralis Money features and show you how you can explore the best cryptocurrency to invest in

Also, if you want the full power of Moralis Moralis, sign up with the Pro plan today. This will give you access to shorter timeframes for the filters, enable you to save more search queries, collect more Moralis Money beans, and much more!

What is Merit Circle? 

Merit Circle started as the ”Axie 420 Scholarship” in July 2021. The point was to provide ”scholarships” to individuals in developing countries to play the play-to-earn (P2E) game Axie Infinity. 

The Axie 420 Scholarship covered the relatively high entry costs by lending in-game assets. In turn, they shared profits with the ”scholars”. With the success of the Axie 420 Scholarship, the organization planned to expand beyond Axie Infinity. This is where Merit Circle enters the equation. 

Title - Merit Circle + Logo

Merit Circle is a so-called decentralized autonomous organization (DAO [more on DAOs later]). The purpose of the DAO is to increase accessibility and participation in the Web3 gaming industry. This is done by providing ”scholarships” (in-game loans of assets) and educational opportunities for people worldwide. 

Along with profit-sharing with ”scholars”, Merit Circle also partakes in early-stage financial investments in (P2E) platforms, along with investing in various assets like NFT gaming items, in-game land, etc. 

According to Merit Circle’s website, their mission is to ”…revolutionize gaming by empowering individuals to play a role in shaping its future.” In forming its identity, Merit Circle focus on three central pillars: 

  1. Gaming
  2. Cryptocurrency
  3. Investing

By focusing on all these three cornerstones, Merit Circle wants to be more than just gaming, more than just crypto, and more than just investing. They are looking to create something suited for all three areas.

What is a DAO? 

To better understand Merit Circle, let’s continue by breaking down the concept of DAOs.

DAO is an acronym for ”decentralized autonomous organization.” These organizations are generally the governing bodies of decentralized applications (dapps), protocols, or other Web3 projects. In essence, a DAO is basically a dapp providing the ability to run an organization democratically. 

Title - Merit Circle DAO

At the very center of DAOs, you’ll find smart contract technology. Smart contracts are fundamental in decentralizing these organizations. Through these contracts, only holders of a particular token receive the right to partake in the governance of a project, protocol, or other dapp. 

These tokens providing voting rights are often referred to as ”governance tokens.” So, by being a holder of a governance token, you gain the right to participate in polls and other governance mechanisms. This further means that governance token holders get an opportunity to directly influence the future of the project or platform in question. 

In the case of Merit Circle, MC is the governance token. As such, by holding MC, you’ll get a right to influence organizational decisions. Also, the more tokens you have, the greater the influence.

Free Tool for Merit Circle Price Prediction

Suppose you’re looking to monitor the MC token further and want to continue making accurate Merit Circle price predictions. Then you’ll need to check out Moralis Money

Moralis Money is a free token explorer, allowing traders to easily identify emerging coins based on irrefutable, on-chain data. As such, with Moralis Money, you can easily find tokens before they pump. Also, you can continue making accurate Merit Circle price predictions. 

For instance, Moralis Money is currently showing that both experienced buyers and holders are increasing over the past month: 

Token Explorer Landing Page Showing Merit Circle Crypto Data

Also, if you want real-time updates regarding Merit Circle, make sure to sign up with the Moralis Money Pro plan. In doing so, you can narrow your timeframes to make a Merit Circle price prediction based on weekly, daily, and even hourly market data. 

By subscribing to the Pro plan, you can get real-time updates on Merit Circle. Also, you can understand when the MC token is about to break out and get market alpha, so you can base your Merit Circle price prediction on real, accurate, and irrefutable on-chain data! 

Here is a sample of positive testimonials about how users are making real-life price predictions for various coins with Moralis Money: 

User Testimonials Stating Moralis Money Success

If you’d like to learn more about how Moralis Money works, join us in the ”Moralis Money – How Does it Work?” section down below.

How Does Merit Circle Work? 

Merit Circle consists of four DAO verticals. Each vertical can stand alone with its own product. However, together they make up a more extensive ecosystem that brings value to both Merit Circle and the MC token. 

Merit Circle Graph Showing How it Works
  • Merit Circle Investments – The first vertical is Merit Circle Investments. Since the launch of Merit Circle, the DAO has invested in countless projects. They have also created an extensive treasury of venture, token, and NFT investments.
  • Merit Circle Gaming – The second vertical is Merit Circle Gaming. The DAO incubates games, invests in games, and has a prominent gamer community. What’s more, through the development of their gaming platform, they aim to bring all this together.
  • Merit Circle Studios – This is the third vertical, and the purpose of this branch is to create innovative projects and collaborate with other projects. 
  • ​​Sphere NFT Marketplace – The last vertical is Sphere NFT Marketplace. With Sphere, they’re looking to fill a gap in the NFT market through their experience in decentralized gaming.

Merit Circle Staking 

Merit Circle allows for staking. However, what exactly does this mean? And why would you want to do it? 

When a cryptocurrency allows for staking, you can ”stake” some of your holdings. In return, you receive rewards over time. With the MC token, you get two options or ”vaults” for staking: 

  • MC: This is a single-sided staking pool. The pool receives 20% of the liquidity mining rewards.
  • MC/ETH LP: The liquidity position of this pool is 50% MC and 50% ETH. This pool receives the other 80% of the liquidity mining rewards.

What’s more, Merit Circle is looking to reward long-term stakers. This is done by adding a time-weighted element when calculating rewards. So, when staking, you can choose a time period for locking up your assets; the longer your MC tokens are locked, the higher the weight and the higher the reward. 

So, how can you stake your MC tokens? 

  1. Launch the staking portal using the following link:
  1. Connect your wallet: 
Initial step showing how to stake Merit Circle MC Tokens
  1. Pick your preferred staking pool (when providing liquidity, use Uniswap V2 through this link):
Staking MC token via Merit Circle Pools
  1. Select settings: 
Showing Merit Circle Staking Landing Page
  1. Approve by confirming the transaction: 
  1. Click on the ”Stake” button and verify the transaction:

Moralis Money – How Does it Work? 

Moralis Money has three core features: Token Explorer, Token Shield, and Token Alerts

Merit Circle Price Prediction - Use Moralis Money

These three features are specially designed to help you combat the three most common challenges for crypto traders: 

  1. The fear of missing out (FOMO)
  2. Cryptocurrency scams
  3. Time constraints

We’ll show you how each feature works in the three sections below, how they can help in battling the three challenges, and how you can make accurate crypto predictions

Find Tokens with Token Explorer – Merit Circle Price Prediction

The fear of missing opportunities makes people trade emotionally. As such, they generally buy when a token’s price has surged, only to see assets fall shortly after. 

With Moralis Money Token Explorer, you’ll never again have to FOMO into a trade. Why, you might ask? With this feature, you can find the top crypto to buy now before everyone else!  

So, how does it work? 

Using one of our built-in filters is the easiest way to get started. For example, launch Token Explorer and select the filter for top coins ranked by new buyers this month: 

However, with Moralis Money, you can also make your own custom search queries to find precisely the coins you’re after. For example, let’s look at how you can find coins with similar characteristics to MC with the following steps: 

Step 1: First, add the Experienced Buyers metric to get coins where experienced buyers have increased by at least 150 this month: 

Step 2: Combine the query above with the Holders and Security Score metrics: 

By adding the Holders metric, you can find coins gaining traction from other users. Moreover, with the Security Score metric, you remove potential scam coins from your searches. 

Step 3: Add more metrics and filters to customize your search queries further. In doing so, you can find precisely the coins you want!

The first coin in the result above is BitDAO, which could be another exciting token. However, once you find crypto, we always recommend doing further research. As such, feel free to check out our guide on BitDAO

You might also want to check out the Moralis Money Pro plan if you’re a professional trader. By subscribing to the Pro plan, you get weekly, daily, and even hourly data:

Avoid Scams with Moralis Money Token Shield

The second main feature of Moralis Money is Token Shield. Token Shield helps you avoid scams by providing security information. All you need to do is look for the shield symbol attached to each coin: 

The number on the shield symbol is the token’s DEXT score. The highest score possible is 99, and the lowest is one

The score is algorithmically calculated and is a product of the coin’s liquidity, holders, social factors, etc. It is essentially used to measure the confidence of a project. 

If you want to know more about the score and how it is calculated, click on the shield symbol for any of the coins. This takes you to the following page:

Real-Time Notifications with Token Alerts

Opportunities come and go fast in the crypto world. To capitalize on these opportunities, traders generally need to stay stuck in front of their screens. However, with the Token Alerts feature, this is no longer the case! 

When creating a search query while using Token Explorer, you can save your custom filters: 

When you have saved a custom search query, you can use Token Alerts to set up email notifications. In doing so, you will receive alerts whenever a coin emerges that matches your filter. This means you don’t need to be full-time in crypto to get real-time data when the best crypto to buy now emerges. 

So, how do Token Alerts work? 

All you need to do is go to the ”Account” tab and hit the bell button for one of your saved queries: 

In return, you will now be notified when tokens matching the filter in question emerge. 

Note: Token Alerts hasn’t launched yet. However, the team behind Moralis Money is actively working on launching this feature. As such, you’ll be able to use Token Alerts shortly! 

Summary – Merit Circle, MC Token, and Merit Circle Price Prediction

Merit Circle is a DAO focusing on the Web3 gaming industry. The project has received a lot of attention lately, and so has the MC token. The MC token is the native currency of Merit Circle, and on-chain data from Moralis Money shows it has been gaining experienced buyers and holders this month. 

Furthermore, with Moralis Money, we can make a Merit Circle price prediction, and you can easily find coins like this by applying filters. 

Moralis Money has three core features: Token Explorer, Token Shield, and Token Alerts. With Token Explorer, you can seamlessly find the best crypto to invest in right now. With Token Shield, you can stay safe from scams. Lastly, with Token Alerts, you can set up notifications to get alerts when a coin emerges that you are interested in. 

So, with Moralis Money, you are equipped to make serious gains when trading crypto. What’s more, with the upcoming bull market, now is the time to start using it! 

If you want the full Moralis Money experience, consider subscribing to the Pro plan. By going pro, you can save more search queries, get lower timeframes with Token Explorer (weekly, daily, hourly), collect more Moralis Money beans, and much more. 

Also, if you liked this article, consider checking out other guides as well. For instance, we have articles that answer questions like, why is crypto down today? Or when will crypto go back up
WRITTEN BY David Olsson
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