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Merit Circle X UFO Gaming — Partnership | by UFO Gaming | Oct, 2021

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UFO Gaming
Merit Circle X UFO Gaming — Partnership | by UFO Gaming | Oct, 2021

We are excited to announce a strategic partnership with Merit Circle, a decentralized autonomous organization (hereafter; DAO).

Merit Circle is a DAO whose goal is to optimize value accrual across several metaverse games. They are building a platform where capital (investors), expertise (platform and management), and players come together (gamers).

Merit Circle has already shown great success with Axie Infinity. Over 1400 scholars are playing Axie Infinity daily, earning a continuous flow of revenue, growing the Merit Circle DAO, its players, and liquidity providers. Each scholar has borrowed three NFT assets in order to play the game. As an addition, Merit Circle actively mentors their scholars through coaching sessions and upgrading of Axie teams.

Having an already established DAO like Merit Circle dedicated to the Dark Metaverse will help bootstrap Super Galactic’s system of financial incentives.

We at UFO Gaming have an approach to our ecosystem that can be summed up in four sentences:

A platform for Decentralized Gaming, choose your favorite genre to earn from.

Asset ownership is fully determined by the users.

Gaming assets (NFTs, currency) that may be transferred from one platform to another.

Play-to-earn gaming economy that is transparent and sustainable.

Merit Circle reinforces this approach by being a decentralized autonomous organization focused on bootstrapping decentralized games, giving the players and users power back.

Their first emphasis will be on Super Galactic, our debut game, and its P2E system. However, as the Dark Metaverse grows and additional games and planets are launched, they will eventually branch out to those as well.

Merit Circle members will get early access to our games. In addition, we’re exploring scholarship-based models that would allow users to rent out in-game assets to other players.

Super Galactic’s P2E model summed up

Let’s take our debut game, Super Galactic as an example.

Three elements ensure a financial loop to players that are willing to put in the time.

The game, Super Galactic. Dedicated NFTs to the game (UFOeps). And a two-token system ($UFO, and $UAP). Using the game itself, coupled with NFTs and a two-token system, allows us to create an internal economic loop that ensures an infinite financial flow, as long as interest remains.

$UFO: The primary token in the ecosystem. It will be the connector between everything $UFO. For example, to play the first game in the ecosystem, Super Galactic, you will first need to stake UFO or UFO/ETH LP in our upcoming staking DAPP.

Plasma Points: From the staking DAPP, you will earn Plasma Points. Users will need plasma Points to buy soldiers (UFOeps) to play the game.

$UAP: UAP is required to fuse (breed) soldiers in the game. This can be obtained by completing Super Galactic’s daily quests and missions.

Virtual Land: will be sold in the form of NFTs inside the metaverse, where people can purchase land, which can then be mined to earn a portion of revenue from each game inside the ecosystem.

The last layer that will give value to our NFTs is a dynamic rating system. You can read more about that here Medium.

By utilizing this system, players can freely trade and earn accessories, virtual land, native tokens (UAP, UFO), and NFTs.

Merit Circle will be the first-movers within this system.

We are delighted to partner with Merit Circle and its members. UFO Gaming’s goal is to bring traditional and blockchain gaming together. Merit Circle will be insistent in helping us achieve our goal, as they will provide an initial revenue stream for our P2E games. All of this is done in a decentralized manner.

Merit Circle has acquired a total of $140,000 worth of in-game NFTs, land plots, and $UFO tokens to cement our collaboration. This will help kickstart their operations in our ecosystem.

We look forward to a fruitful collaboration with Merit Circle.

Merit Circle is a decentralized autonomous organization focused on developing the play-to-earn economy. They aim to remain at the forefront of innovation in the play-to-earn industry, with widespread activities across multiple sectors and niches, causing a constantly adapting organization that’s always evolving.

If you wish to be involved with Merit Circle and apply as a scholar to earn revenue, you can check out their socials below.

Twitter: https://twitter.com/MeritCircle_IO
Discord: http://discord.gg/meritcircle
Telegram: https://t.me/meritcircle
Website: http://meritcircle.io/

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