Merit Circle

Merit Circle (MC) is an effectively deprecated token that officially migrated to BEAM ($BEAM) on October 26, 2023. As a legacy asset, MC exhibits severe market degradation, with 24-hour trading volume falling to roughly $15-$16, a market cap around $213K-$219K, and a >99.8% price drawdown from all-time highs. Data gaps were encountered in Active Development and Community Support (-1.0 scores) due to ticker collisions in search data and the abandonment of active community infrastructure in favor of the successor token. The remaining evaluated areas reflect near-complete token unlocks (>96%), a baseline governance framework, and no recorded smart contract exploits or regulatory actions. However, holding or trading the legacy MC token carries extreme risk given its lack of active development, liquidity, and utility following the migration.