Fellow Binancians,
Binance is excited to announce the 27th project on Binance Launchpool - Merit Circle (MC), a play-to-earn gaming DAO.
Users will be able to stake their BNB, MC and BUSD into separate pools to farm MC tokens over 60days, 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
- Research Report: Merit Circle (MC)
- Block Explorer: MC ERC20 Explorer
- Staking Terms: No upper limit. KYC required
Supported Pools:
- 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) |
2021-12-03- 2022-01-31 | 208,333.33 | 145,833.33 | 41,666.67 | 20,833.33 |
Read about Merit Circle (MC) in our research report here.
Please note:
- 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.
Project Links
Website: https://www.meritcircle.io/
Whitepaper: https://meritcircle.gitbook.io/merit-circle/
Telegram: https://t.me/meritcircle
GitHub: https://github.com/Merit-Circle
Twitter: https://twitter.com/MeritCircle_IO
Medium: https://medium.com/@meritcircle
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