WATCH

Merit Circle (Beam) (MC)

Gaming DAO and Beam chain. Gaming-focused L1 subnet on Avalanche.

Ranked 135th of 251 rated tokens. Scoring pass 11 Jun 2026.

Score
101/250
135th of 251
Percentile
46.6%
of the rated universe
Circulating
100%
0% of value still to vest
Off all-time high
n/a
BeamERC-20+101 since last pass
01

What the numbers say

MC scores 101 of 250 across the 25-variable framework, which places it 135th of 251 rated tokens and inside the lower half of the set. The framework verdict is WATCH.

The score rests on Insider Selling 5/10, 42nd of 251, BTC Alpha Potential 4/10, 45th of 251, Holder Concentration 4/10, 58th of 251 and Supply Inflation 5/10, 61st of 251.

100% of eventual supply is already circulating, so vesting is not a live risk for MC. Price has to be justified by demand rather than absorbed against a cliff.

The framework score gained 101 points against the previous pass (0 to 101). Revisions of this size follow a change in the underlying variables, not a change in price.

02

25-variable breakdown

Each variable is scored 1 to 10 and ranked against every other rated token, so a 7 that ranks 20th means something different from a 7 that ranks 180th. The rank is the part that is hard to get anywhere else.

Cash flow

Cash flow variables for MC, scored 1 to 10 and ranked against 251 tokens
Protocol Revenue
398th of 251
Revenue Trend
3117th of 251
P/S Multiple
4104th of 251
Real Staking Yield
3143rd of 251

Supply

Supply variables for MC, scored 1 to 10 and ranked against 251 tokens
Supply Inflation
561st of 251
Vesting Schedule
5100th of 251
Circulating / FDV Ratio
5135th of 251
Buyback and Burn
363rd of 251

Ownership

Ownership variables for MC, scored 1 to 10 and ranked against 251 tokens
Smart Money Flows
493rd of 251
Insider Selling
542nd of 251
Holder Concentration
458th of 251

Traction

Traction variables for MC, scored 1 to 10 and ranked against 251 tokens
TVL Trend
3111th of 251
Active Users
491st of 251
Developer Activity
583rd of 251
Network Growth
4100th of 251

Position

Position variables for MC, scored 1 to 10 and ranked against 251 tokens
Market Share
3131st of 251
Competitive Moat
4114th of 251
Institutional Adoption
3115th of 251
Exchange Depth
4157th of 251
Social Mindshare
486th of 251

Risk

Risk variables for MC, scored 1 to 10 and ranked against 251 tokens
Regulatory Safety
5102nd of 251
Catalyst Calendar
490th of 251
BTC Alpha Potential
445th of 251
Team Execution
574th of 251
Treasury Runway
574th of 251

The vertical tick on each bar marks the median score across all 251 rated tokens, so a bar ending left of the tick is below the universe on that variable.

03

Catalyst and risk

Next catalyst

Merit Circle/Beam gaming guild expansion and token utility in partner games and metaverse projects.

Principal risk

Dependence on volatile play-to-earn game economies and potential guild token devaluation.

04

Market and supply

Pricenot published
Market capnot published
Circulating supply11,906,525
Eventual supply (max supply)11,906,525
Dilution to full supply1x
Listed onBinance, KuCoin, Bybit

We couldn't match MC to a live market row, so no price, market cap or all-time high is shown. Publishing the figure recorded at the scoring pass would mean putting a months-old number next to analysis that looks current. The 25 scores below stand on their own.

05

Tokens with a similar profile

These are the closest matches to MC measured on the shape of all 25 variables after removing overall quality, so what they share is a pattern of strengths and weaknesses rather than a similar size or price.

07

Common questions

What is the Early Thunder score for Merit Circle (Beam) (MC)?
MC scores 101 out of 250 on the 25-variable framework, ranking 135th of 251 rated tokens (lower half). The framework verdict is WATCH.
What are MC's strongest fundamentals?
MC ranks highest on Insider Selling 5/10, 42nd of 251, BTC Alpha Potential 4/10, 45th of 251, Holder Concentration 4/10, 58th of 251 and Supply Inflation 5/10, 61st of 251. Ranks are measured against all 251 tokens in the same scoring pass.
How much MC supply is still to enter circulation?
100% of eventual MC supply is circulating today, leaving 1x the current float still to arrive. At a flat price per token that is 0% of fully diluted value ahead of current holders.
Which tokens have a similar profile to MC?
Measured on the shape of all 25 scored variables rather than on price, the closest matches to MC are CTSI (96), PRCL (80), SNT (92) and POND (91). Similarity here means the same pattern of strengths and weaknesses, not a similar market cap.
What is the next catalyst for MC?
Merit Circle/Beam gaming guild expansion and token utility in partner games and metaverse projects.

Keep reading

Research and analysis, not investment advice. Scores are one framework applied consistently across 251 tokens, not a prediction of price.