Merit Circle Partners with Flair Finance
Merit Circle excited to partner with Flair Finance, an NFT launchpad and escrow protocol that is working to establish trust within the industry.
As part of their partnership, they have invested $150,000 and will be advising those at Flair Finance as they continue on their journey.
Establishing trust
One concern that many hold is that the creator of an NFT project could simply run away with the proceeds from an initial sale. Essentially, there’s no-one stopping this at this stage, but Flair Finance aims to change that. Through a timelock smart contract, Flair Finance offers projects the ability to lock part of the proceeds from the minting. Gradually, these funds will start to unlock to provide a sense of long-term vision to the community.
Currently, Flair Finance allows three sorts of campaigns to launch through its dashboard: one to launch pre-orders for a music album, the second for rare in-game items and, finally, the third for PFP projects. When setting up the campaign, you are greeted with several options to garner trust from your community. The already-built smart contracts by Flair Finance are open-source and ready for anyone to use.
Bring in the angels
As an NFT launchpad, it’s only right to launch your project through NFTs, which is why Flair Finance has created Flair Angels, a collection of NFTs that give owners unique benefits. Owners receive free $FLAIR tokens through staking over a period of two years, which will be used as governance/utility tokens in the Flair ecosystem. Moreover, these angels will play an essential role in shaping the universe that Flair is building, with additional utility being hinted at.
The beauty of the $FLAIR token is not solely the ownership of the protocol through governance. It will also reward the holder in terms of participation in the protocol, with a majority of tokens allocated to participation rewards, but there’s more. When holding the $FLAIR token, you will be granted Mint Wildcards that give you the opportunity to mint the available NFTs early on the platform. Simply put, rewards and utilities all over and all around!
Merit Circle x Flair Finance
Operating in this industry, they have been through it all. They have seen the most promising projects suddenly collapse or disperse over silly arguments. One thing that’s certain is the law of code, which is why we’ve connected with Flair Finance. Its strong emphasis on bringing decentralized trust and transparency to the industry is something we truly endorse.
As we engage and interact with dozens of projects, they understand the logistical hassle of launching a product. But why reinvent the wheel? That’s where Flair Finance comes in; we can direct their partners to its services to ensure trust among the community and make the launch process as seamless as possible.
About Flair Finance
Flair is an NFT launchpad and escrow protocol, helping responsible projects to establish trust with their community, through features like mint-payment vesting and return & refund for NFTs.
About Merit Circle
Merit Circle is creating a decentralized autonomous organization (DAO) that develops opportunities to earn through play for people who want to help build the metaverse.
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