Rank: 2423
39 Watchlists
NFT
MRCH Price
Contracts/Explorers:
Ethereum
Funds and Backers
MerchDAO leverages decentralized governance and NFT technology to create the first marketplace for rare and unique items run by users.
IDO
27 Mar — 27 Mar 2021
Raised
$ 120.00K
Price:
$ 0.600
ROI:
0.02x -97.9%
Platform:
N/A
ATH ROI:
10.24x +923.9%
Market Cap
$ 57.97K
FDV
$ 114.07K
ATH Market Cap
$ 6.48M
24 Trade Vol.
$ 212.84K
Vol. (24h) / MCap
3.67
Max Supply
MRCH 9,000,000
Total Supply
MRCH 9,000,000
Circulating Supply
MRCH 4.57M
(50.8% of Max Supply)
Listing Date
29 Mar 2021
IDO Price
$ 0.600
27 Mar 2021
IDO ROI
0.0211x
All Time High
$ 6.14
29 Mar 2021
All Time Low
$ 0.0044
6 Dec 2023
From ATH
From ATL
MerchDAO is the first-of-its-kind blockchain-based marketplace that gives consumers the power to decide what rare and unique items are produced and sold.
MerchDAO leverages the potential of non-fungible tokens (NFTs) on blockchain to ensure that the uniqueness of rare items can easily be proven.
MRCH is a ERC20 token, and its governance features make it similar to such popular DeFi tokens as COMP, YFI, and AAVE.
The key use cases are as follows:
1) Proposing new designs and types of goods. A user can both make a general suggestion and submit a ready design, such as a logo. For diꢀ erent types of goods there will be diꢀ erent token-holding requirements: for instance, you might need to have just 100 MRCH to propose a small item like a phone case or magnet but 300 MRCH for a hoodie or laptop sleeve. Users don’t spend their MRCH when they submit designs: they just need to hold these tokens in their wallet.
2) Voting on new merchandise. Every MRCH token signifiesꢀone vote: the more tokens one holds, the more their opinion weighs. To cast a vote, one needs to lock up tokens in a voting smart contract, for which they earn additional rewards (see ‘Stakingꢀandꢀrewards’). It is possible to withdraw one’s tokens from the contract before the vote is over, but the proposal will also lose the corresponding votes.
3) Extending a vote. By default, every vote will run for 3 days. This is because the number of tokens (votes) is limited, so if a member uses their MRCH to vote for one proposal, they can’t simultaneously cast the same votes for another, even if they like both equally. Since a few votes might be running at the same time, users will be motivated to choose wisely, supporting only those designs they really like.
MerchDAO 's current price is $ 0.0127, it has dropped -32.6% over the past 24 hours.
MerchDAO 's All Time High (ATH) of $ 6.14 was reached on 29 Mar 2021, and is currently -99.8% down.
The current circulating supply of MerchDAO is 4.57 Million tokens, and the maximum supply of MerchDAO is 9.00 Million.
MerchDAO ’s 24 hour trading volume is $ 212.84 Thousands.
MerchDAO 's current share of the entire cryptocurrency market is 0.00%, with a market capitalization of $ 57.97 Thousands.
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