Merit Circle (MC) Price, Charts, Market Capitalization
Merit Circle (MC) Graphics
Merit Circle (MC) is a cryptocurrency that aims to revolutionize the way merit is earned and rewarded in online communities. It is designed to provide a fair and transparent system of merit-based rewards that can be earned by contributing value to these communities. In this article, we will discuss the history of Merit Circle, its purpose, pros and cons, the technology it uses, and other related information.
History of Merit Circle
Merit Circle was founded in 2018 by a team of experienced developers, blockchain experts, and online community leaders. The founders of Merit Circle identified flaws in the existing systems of online reputation and rewards, and believed that blockchain technology could provide a solution.
The team behind Merit Circle includes notable blockchain experts such as Alex Mizrahi, who also founded the blockchain platform Efir, and Konstantin Gladych, the founder of the blockchain payment gateway service Changelly.
Purpose of Merit Circle
The purpose of Merit Circle is to create a system of merit-based rewards that is fair, transparent, and accessible to everyone. The platform is designed to reward people who contribute value to online communities, such as moderators, creators, and other contributors.
Merit Circle aims to replace the current systems of online reputation and rewards, which are often based on popularity and follower count, with a merit-based system that rewards meaningful contributions to online communities. This approach incentivizes people to create better content, engage more deeply with the community, and contribute to its growth.
Pros and Cons of Merit Circle
Pros
- Fairness: Merit Circle aims to provide a fair and transparent system of merit-based rewards that is accessible to everyone.
- Decentralization: Merit Circle is decentralized, meaning it is not controlled by any central authority or organization.
- Security: Merit Circle leverages blockchain technology, which is known for its high level of security.
- Accessibility: Merit Circle is accessible to anyone with an internet connection, regardless of their location.
- Incentivizes Contribution: Merit Circle incentivizes people to contribute to online communities, leading to better content and a more engaged community.
Cons
- Lack of Adoption: Merit Circle is still a relatively new cryptocurrency and has not yet been widely adopted.
- Technical Complexity: The use of blockchain technology can be complex and difficult for some people to understand.
- Volatility: Like all cryptocurrencies, the value of Merit Circle can be volatile, making it a potentially risky investment.
Technology of Merit Circle
Merit Circle uses blockchain technology, which is a decentralized and distributed ledger that records transactions. The blockchain provides a high level of security and transparency, as each transaction is verified and recorded on the blockchain.
Merit Circle employs a Proof-of-Merit consensus mechanism, a modified version of the Proof-of-Stake consensus mechanism. In this system, users can earn MC coins by contributing value to online communities. The more value they contribute, the more MC coins they can earn.
Merit Circle also has a smart contract system that allows for the creation of decentralized applications (dApps) on its platform. These dApps can include online marketplaces, social networks, and more.
Price Forecast
At Metaverseplanet.net, future Merit Circle price predictions (MC) are made by applying deep AI-powered technical analysis on historical price data. The analysis aims to provide an accurate forecast by considering data such as historical price, market cap, and trading volume. If you are interested in investing in digital cryptocurrencies, it is advisable to read their predictions for a better understanding. Read More >>>
How to Buy Merit Circle (MC)
Are you ready to jump into the world of cryptocurrency and want to know where to buy Merit Circle (MC)? The largest exchanges currently trading Merit Circle (MC) include Binance and Gate.io. You can also explore other exchanges where it is listed. How to Buy Merit Circle (MC) >>>
Note: Cryptocurrency investments carry a high level of risk due to market volatility.
Merit Circle (MC) prices by year
- 2021: $11.70 (all-time high on December 2, 2021)
- 2022: $0.2644 (closing price)
- 2023: $2.88 (closing price)
- 2024: $0.335415 (as of November 11, 2024)
Where to Buy Bitcoin on Global Exchanges
Merit Circle (MC) is available for purchase on several global cryptocurrency exchanges.
- Kraken: Offers trading pairs such as MC/USD and MC/EUR.
- Uniswap V2 (Ethereum): A decentralized exchange where you can trade MC/WETH.
- Uniswap V3 (Ethereum): Another decentralized platform supporting MC/WETH trading.
- PancakeSwap v2: Facilitates trading of MC/WBNB pairs.
About What is Merit Circle (MC)
| Information Type | Details |
|---|---|
| Contract Address | 0x949d48eca67b17269629c7194f4b727d4ef9e5d6 |
| Network | Ethereum |
| Website | https://meritcircle.io/ |
| Explorers | Etherscan, CoinGecko |
| Community | Twitter, Telegram |
| Search On | CoinMarketCap, CoinGecko |
| API ID | merit-circle |
| Chains | Ethereum |
| Categories | Gaming, NFT, Metaverse, Play-to-Earn |
1 Merit Circle to USDC (1 MC to USD//Coin) Exchange Calculator
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