#13 - Treasury report July 2022
#13 - Treasury report July 2022
We share a breakdown of the current Merit Circle DAO treasury including any outstanding investments.
With the coming of a new month, we are glad to share the latest treasury report. In this report, we provide an exact overview of the DAO’s current financial status. We share a breakdown of the current Merit Circle DAO treasury including any outstanding investments, buybacks and other financial activities.
This treasury report is based on the status of the treasury on the 30th of June 2022.
Treasury status
In the past month the treasury decreased from $107,350,041 in May to $104,118,807 at the end of June, a 3% decrease from the previous month.
During the month June, the Merit Circle DAO burned a total of 6,773,392 MC tokens (0,7% of the initial total supply). This consisted of 6,125,000 MC tokens out of the community incentives wallet. The remaining part, 648,392 MC tokens, has been burned based on trading activity of the DAO.
Live treasury dashboard v1
Last month, we presented the very first version of our live treasury dashboard. This provides a more clear overview of the treasury and allows investors to navigate through the made investments.
The dashboard has been updated with the most recent data.
Visit the dashboard here - treasury.meritcircle.io
This dashboard has been developed by DAO contributor CryptoCarl.
Gaming operations
We’re hard at work to release the first version of our gaming platform in the near future. This platform will feature the logistics and tools required for us to manage our gamers in a more effective way. Whereas we have downscaled our scholarship operations, we are still playing games. The platform will simultaneously allow us to scout talented gamers more easily and recruit these for competitive gaming.
Meanwhile, we have finalized the flow of testing games for our partners internally. Starting next week, we’ll start actively playing Sidus Heroes and Summoners Arena. Perfecting this flow will allow us to test the games of potential investments prior to committing to an investment ticket.
Treasury overview
The Merit Circle DAO’s treasury balance as of the 30th of June 2022 is $104,118,807
When calculating our treasury’s balance, we only include non-native assets. This means we do not count the balance of MC tokens towards the total balance of our treasury since it might paint a diluted picture of the reality.
Since MC tokens will not be utilized for investment purposes, they will not be included in our balance sheet. Those interested can view the current balance in the mainDAO’s wallet to be viewed in the wallet overview beneath. In that sense, we have not included the DAO’s AXS & SLP balance, since both are mainly used for breeding purposes marking them as working capital instead of additional treasury funds.
We will break down the treasury in four categories; cash, staking, NFTs and tokens.
Cash
Staking
NFTs
Tokens
Wallet overview
To operate completely transparent, we would like to provide a full list of wallet addresses the DAO currently utilizes.
Ethereum
Binance smart chain
Solana
Ronin
To conclude
Weathering through the clouds, we are on a mission to make the most out of the current market. Utilizing the lower valuations we can increase our exposure to games without requiring to increase ticket size, set aside any possible competitors and make clear where true conviction is found. We’re looking forward to the foreseeable, and distant future for the Merit Circle DAO.
Notes
All of the balances and prices are based on calculations made on the the 30th of June 2022.
All of the investments made after the the 30th of June 2022 are not included in the treasury report unless specifically mentioned.