Category: Merit Circle

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Merit Circle Set To Burn $147 Million Worth Of MC Tokens

October 27, 2022

In a new development, the prominent player in gaming and metaverse, Merit Circle, is moving to sustain its value, The DAO voted to burn all MC tokens left in its Community Incentives wallet. This process serves to cut down the project’s total token supply. As attention in the metaverse kept soaring, some new projects emerged…
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Despite the Crypto Market Downturn, DAO Treasuries Grew by $700 Million Since January

October 1, 2022

Since January 2022, the entire crypto economy has shed $1.36 trillion in value, as the market capitalization dropped from $2.34 trillion to today’s $979 billion. While the crypto economy is down in value, trade volumes are lower, and the value locked in decentralized finance (defi) has shed billions, treasuries held by decentralized autonomous organizations (DAOs)…
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