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.
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.
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
| Protocol Revenue | 3 | 98th of 251 | |
| Revenue Trend | 3 | 117th of 251 | |
| P/S Multiple | 4 | 104th of 251 | |
| Real Staking Yield | 3 | 143rd of 251 |
Supply
| Supply Inflation | 5 | 61st of 251 | |
| Vesting Schedule | 5 | 100th of 251 | |
| Circulating / FDV Ratio | 5 | 135th of 251 | |
| Buyback and Burn | 3 | 63rd of 251 |
Ownership
| Smart Money Flows | 4 | 93rd of 251 | |
| Insider Selling | 5 | 42nd of 251 | |
| Holder Concentration | 4 | 58th of 251 |
Traction
| TVL Trend | 3 | 111th of 251 | |
| Active Users | 4 | 91st of 251 | |
| Developer Activity | 5 | 83rd of 251 | |
| Network Growth | 4 | 100th of 251 |
Position
| Market Share | 3 | 131st of 251 | |
| Competitive Moat | 4 | 114th of 251 | |
| Institutional Adoption | 3 | 115th of 251 | |
| Exchange Depth | 4 | 157th of 251 | |
| Social Mindshare | 4 | 86th of 251 |
Risk
| Regulatory Safety | 5 | 102nd of 251 | |
| Catalyst Calendar | 4 | 90th of 251 | |
| BTC Alpha Potential | 4 | 45th of 251 | |
| Team Execution | 5 | 74th of 251 | |
| Treasury Runway | 5 | 74th 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.
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.
Market and supply
| Price | not published |
| Market cap | not published |
| Circulating supply | 11,906,525 |
| Eventual supply (max supply) | 11,906,525 |
| Dilution to full supply | 1x |
| Listed on | Binance, 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.
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.
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.