summary
Merit Circle (BEAM) was launched on HotsCoin on January 17. Merit Circle is a decentralized autonomous organization aiming to build a metaverse, focusing on providing opportunities for individuals who want to make money through games. Its platform provides a one-stop shop for scholarships, education, and support needed to become a profitable gamer in the Metaverse. The project adopts a decentralized autonomous organization (DAO) structure, consisting of a main DAO and multiple sub-DAOs, to achieve all-round management of the Play-to-Earn industry. BEAMX is currently open for trading on HotsCoin.
Basic Information
Circulation: 50,339,849,329.388 BEAM
Total supply: 62,955,102,600 BEAM
Circulation market value: $1,152,577,696.996
Fully diluted market capitalization: $1,441,415,660.47
key events
2021-11-05: Merit Circle completed US$105 million in financing through IDO
2021-10-07: Merit Circle completed a US$4.5 million seed round of financing, with a valuation of US$32 million
background
Merit Circle began as a scholarship guild (Axie 420) focused on providing players from low-income countries the opportunity to participate in Axie Infinity. In the process of gradually transforming into a DAO, Merit Circle's goals have expanded to more popular games and the entire metaverse.
development route
Merit Circle has taken a different development route from traditional chain gaming guilds. Abandoning the scholarship model, the project gradually expanded to the upper and middle reaches of the chain game industry by investing in the primary market of chain games, cooperating in game development, building game market distribution channel platforms, and building infrastructure. Its main sectors include investments, studios, games and infrastructure.
advantage
Financial health: The treasury has sufficient funds and information disclosure is transparent. The allocation of funds is reasonable, with treasury funds of approximately US$94.1 million, a relatively small decrease. Ensure sufficient cash flow through reasonable treasury allocation in bear markets.
Diversified business: Unlike traditional chain game guilds, Merit Circle actively expands its business scope through the layout of diversified business sectors, including investment, development, market distribution and infrastructure.
risk
Income dependence: Merit Circle's main income comes from the investment sector, and its investment targets are mainly the primary market of chain games, which suffers from large market value fluctuations and uncertainties. This type of chain games have a low survival rate in a bear market and are relatively risky.
Market value correlation: The market value of $MC has a strong correlation with the market value of treasury assets under management, and the market value ceiling is expected to be relatively limited.
Weak community foundation: Due to the lack of attractive gold mining business and community activities, Merit Circle's community foundation is relatively weak.
Summarize
The chain game guild track has not yet developed on a large scale. The community size is smaller than the scale of popular chain game users, but the entire track has a large room for growth. Compared with YGG, Merit Circle is in its infancy through diversified development routes and needs time to verify the effectiveness of its strategy. However, Merit Circle's financial health and diversified business layout provide certain advantages for its future development. In terms of risk, we need to pay attention to the impact of market value fluctuations on projects, market value correlation and the enhancement of community foundation.