MC vs SNT
Merit Circle (Beam) and Status scored on the same 25 variables, ranked against the same 251 tokens, with every gap between them shown.
Scoring pass 18 Sept 2026. Market snapshot 7 Oct 2026.
What separates them
MC scores 101 of 250 and ranks 135th of 251. SNT scores 92 and ranks 184th. MC leads by 9 points, which is inside the range where the individual variables matter more than the total. MC takes 13 of the 25 variables, SNT takes 4, and 8 are level.
The framework rates MC WATCH and SNT PASS. Two tokens close enough to compare do not have to land in the same band, and where they do not, the divergence table below is where the split comes from.
No single variable separates MC and SNT by as much as 3 points. They are close on the framework's terms, which makes price, liquidity and the supply position below the only grounds for choosing.
Both score 3 or below on Protocol Revenue, Revenue Trend, Buyback and Burn, Real Staking Yield, TVL Trend, Market Share and 1 more. A weakness both sides share is not a reason to prefer either. It is a reason to check whether the category itself carries the problem.
SNT still has 29% of its eventual supply to enter circulation against 0% for MC. On the same market capitalisation, a buyer of SNT is taking the 1.41x dilution path and a buyer of MC the 1x one.
All 25 variables, head to head
Both tokens were scored by the same framework in the same pass, so the numbers are directly comparable. What a comparison adds over two separate pages is the gap: a 6 against a 6 is a non-event, a 9 against a 3 is the reason to hold one and not the other.
Cash flow
| Protocol Revenue | 3 | 1 | MC +2 | |
| Revenue Trend | 3 | 2 | MC +1 | |
| P/S Multiple | 4 | 4 | level | |
| Real Staking Yield | 3 | 2 | MC +1 |
Supply
| Supply Inflation | 5 | 6 | SNT +1 | |
| Vesting Schedule | 5 | 7 | SNT +2 | |
| Circulating / FDV Ratio | 5 | 7 | SNT +2 | |
| Buyback and Burn | 3 | 2 | MC +1 |
Ownership
| Smart Money Flows | 4 | 3 | MC +1 | |
| Insider Selling | 5 | 5 | level | |
| Holder Concentration | 4 | 4 | level |
Traction
| TVL Trend | 3 | 2 | MC +1 | |
| Active Users | 4 | 3 | MC +1 | |
| Developer Activity | 5 | 5 | level | |
| Network Growth | 4 | 3 | MC +1 |
Position
| Market Share | 3 | 3 | level | |
| Competitive Moat | 4 | 4 | level | |
| Institutional Adoption | 3 | 2 | MC +1 | |
| Exchange Depth | 4 | 4 | level | |
| Social Mindshare | 4 | 3 | MC +1 |
Risk
| Regulatory Safety | 5 | 5 | level | |
| Catalyst Calendar | 4 | 3 | MC +1 | |
| BTC Alpha Potential | 4 | 2 | MC +2 | |
| Team Execution | 5 | 4 | MC +1 | |
| Treasury Runway | 5 | 6 | SNT +1 |
Bars read outward from the centre: MC to the left, SNT to the right. The side that leads a variable is filled. Each score is 1 to 10 against the same definition applied to all 251 rated tokens.
Market and supply
| MC | SNT | |
|---|---|---|
| Price | not published | $0.007878 |
| Market cap | not published | $38.1M |
| Circulating | 100% | 71% |
| Dilution to full supply | 1x | 1.41x |
| Off all-time high | n/a | -98.8% |
| To recover the high | n/a | 83.3x |
| Total value locked | not published | not published |
| Network | Beam | Ethereum |
Price, market cap and all-time high from the CoinGecko snapshot fetched 7 Oct 2026. Supply shares are derived from circulating and eventual supply counts, which do not move with price. The 25 scores come from the research pass dated 18 Sept 2026.
Catalyst and risk on each side
MC · WATCH
Merit Circle/Beam gaming guild expansion and token utility in partner games and metaverse projects.
Dependence on volatile play-to-earn game economies and potential guild token devaluation.
SNT · PASS
Decentralized messenger with integrated dApp browser; Ethereum network utility.
Competition from Signal/Telegram; slow feature updates and low daily active users.
Common questions
- Is MC or SNT the better investment?
- On this framework MC scores higher: 101 against 92 of 250, and it is rated WATCH against PASS. That is a ranking of fundamentals as recorded at the last scoring pass, not a price forecast, and MC still wins 13 of the 25 individual variables against SNT.
- What is the biggest difference between MC and SNT?
- Nothing separates them by more than 2 points on any of the 25 variables, which is unusual and means the two are close substitutes on fundamentals.
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Research and analysis, not investment advice. A higher score is one framework applied consistently to 251 tokens, not a prediction that one asset will outperform the other.