MIP 24 Integrating Edenhorde NFT into Merit Circle Ecosystem

This proposal seeks tokenholder approval to further increase the integration of Edenhorde NFT into the Merit Circle ecosystem, whereby MC tokenholders who stake their MC tokens and own an Edenhorde NFT will receive additional rewards on top of the existing APY.

If adopted (majority votes for "Yes" and quorum threshold is met), this proposal will signal the wish to allocate 1,000,000 MC tokens among MC token stakers who have owned at least one Edenhorde NFT for a minimum one year period. After the period ends, the continuation of such allocation can be determined later through another proposal with a community vote. The rewards will be calculated on a daily basis and be vested for one year. The proposal also requests an additional 100,000 MC token allocation to incentivize small tokenholders who own less than 10,000 tokens with extra rewards.

Please click on the link attached to read further details on the proposal and the discussions in this regard.