1/ @Meritcircle $MC : Why Merit Circle has exeeded all BLBP sale records in history and why it is still wildly undervalued at 3$ per token. With something this big and little to no chatter? 🧵🧵 
2/ First of all. The raise is holistic, meaning every $ directly increases earning potential and with it the value of the DAO. Every raised $ directly benefits the contributor = token holder = DAO owner
+ More $ to new games = more growth
+ More $ to new games = more growth
https://twitter.com/tommyqeth/status/1456294226124230661?s=20
3/
The Metaverse is infinite + gaming is the most immersive MV experience. It will be bigger than we can all imagine. If you want exposure to this explosive growth, you'd prefer a specialized and diversified approach
= an index
The Metaverse is infinite + gaming is the most immersive MV experience. It will be bigger than we can all imagine. If you want exposure to this explosive growth, you'd prefer a specialized and diversified approach
= an index
https://twitter.com/StackerSatoshi/status/1456183867103141888?s=20
4/ However, you wouldn’t just take any index. You’d want your index to have the right leadership, (infra)structure and community. This is what will allow the index to make the right bets. Of the few gaming DAO’s (Superguilds) on offer, $MC is the only one that ticks all boxes.
5/ Structure
Merit Circle takes a SuperGuild approach over a Guild of Guilds approach
A Guild of Guilds approach, employed by YieldGuild is a flexible structure that allows for franchising of other guilds. In simple terms. Guilds pay a 10% take rate to leverage the $YGG brand
Merit Circle takes a SuperGuild approach over a Guild of Guilds approach
A Guild of Guilds approach, employed by YieldGuild is a flexible structure that allows for franchising of other guilds. In simple terms. Guilds pay a 10% take rate to leverage the $YGG brand
6/ Guilds in the Guild of Guilds model maintain ownership of their assets (NFT's and other treasury assets) and can have a separate token.
Conversely, this means Yield Guild doesn't own any of the assets from the subGuilds. Only the take rate benefits $YGG directly.
Conversely, this means Yield Guild doesn't own any of the assets from the subGuilds. Only the take rate benefits $YGG directly.
7/ The SuperGuild structure also allows for SubGuilds under the main brand, but SubGuilds are directly integrated into the main ecosystem. Sharing the same token.
This allows for division of governance and community, without sacrificing network value = $MC token value.
This allows for division of governance and community, without sacrificing network value = $MC token value.
8/ This also makes the structure less prone to SubGuilds leaving the Main DAO. Since they are tied in with all their assets and by sharing the same token.
It is very likely, guilds will branch off once they are big enough to leverage their own brand.
It is very likely, guilds will branch off once they are big enough to leverage their own brand.
9/ Since SuperGuilds have all their subDAO's in-DAO, they:
1. Benefit 100% from asset appreciation. (vs none for subguilds)
2. Have a much higher take rate on their revenues. For example, Merit now takes 30% vs YGG 10%. Meaning, the DAO has a 3x better profit margin.
1. Benefit 100% from asset appreciation. (vs none for subguilds)
2. Have a much higher take rate on their revenues. For example, Merit now takes 30% vs YGG 10%. Meaning, the DAO has a 3x better profit margin.
10/ Additionally a SuperGuild can ensure higher standards. Because there is a more uniform leadership that sets the criteria.
Merit has been prioritizing quality over quantity. This now translates into their average earning per scholar being approx. 30% higher than that of $YGG
Merit has been prioritizing quality over quantity. This now translates into their average earning per scholar being approx. 30% higher than that of $YGG
11 / The higher profit margin coupled with the higher earnings per scholar, currently translates into #MeritCircle making a higher estimated profit than #YieldGuild with a third of the scholars.
Imagine what they will earn when they keep growing at their current pace.
Imagine what they will earn when they keep growing at their current pace.
12/ After the #BLBP Merit Circle will have a 110M+ treasury, a far bigger treasury than Yield Guild or any other guild currently has.
It is now the guild with the biggest treasury.
Remember for Guilds the equation = more treasury = more earning power and more brand leverage
It is now the guild with the biggest treasury.
Remember for Guilds the equation = more treasury = more earning power and more brand leverage
13 / Meritcircle offers very good staking rewards.
Simple math dictates that anyone who stakes can lower their cost-price by more than 50%.
Meaning, buying at 3$ today, is like buying at 1,5$ or less after a year of staking.
https://twitter.com/MeritCircle_IO/status/1456309355427545092?s=20
Simple math dictates that anyone who stakes can lower their cost-price by more than 50%.
Meaning, buying at 3$ today, is like buying at 1,5$ or less after a year of staking.
14 / The staking mechanics also have a time-weighted element
Longer lock = more rewards
+ All rewards are locked
Ensuring the float is always extremely tight as most of the supply will be locked in staking
High apr = more staking = higher apr
Making for great ponzinomics
Longer lock = more rewards
+ All rewards are locked
Ensuring the float is always extremely tight as most of the supply will be locked in staking
High apr = more staking = higher apr
Making for great ponzinomics
Where have we seen something similar before? $ILV. What happened to the chart when you combine the positive feedback loop of staking, buys, = higher apr = more staking?
15/ I think both projects will be 50B+ organisms in regards to YGG and MC.
With their tentacles deep into all the corners of the Metaverse.
Owning the best digital real estate and having the most valuable communities.
With their tentacles deep into all the corners of the Metaverse.
Owning the best digital real estate and having the most valuable communities.
16/ This is excluding all the dividends they will pay to stakers from their revenues.
Meaning 100B = 100$ per token, but you could have made 200$ with dividends in that period.
Meaning 100B = 100$ per token, but you could have made 200$ with dividends in that period.
17/ I can effectively buy at 1/5th the price of $YGG and buy a project with a superior team + structure
Guilds = Undervalued
Merit = biggest treasury and best ponzinomics
SuperGuild > Guild of Guilds.
$MC > $YGG
2 Games in 1 > 1 Game ( 🧵🧵 later )
Quality > quantity
#P2E
Guilds = Undervalued
Merit = biggest treasury and best ponzinomics
SuperGuild > Guild of Guilds.
$MC > $YGG
2 Games in 1 > 1 Game ( 🧵🧵 later )
Quality > quantity
#P2E
18. Since nobody is talking about MC despite what they just accomplished I'll go ahead and give the alpha now on what happens next. With shattering every record in a raise T1 Exchanges follow quickly. There was no "influencer round" thus everyone had to put skin in the game
19. I expected 40m tokens to sell, and of that likely 50-60% will be staked.
Obviously I invested:
I think CT is sleeping on this and can't wait for T1 to follow and easy math to lead the way
Obviously I invested:
I think CT is sleeping on this and can't wait for T1 to follow and easy math to lead the way
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