No, it does not truly exist; it only falsely exists. I originally created it as a joke to mock those who incorrectly believe merit only circulates among a few members, but it's since gotten way out of hand.

You have to send and receive a large amount of merits from other members of the club, of course. The fact that we also send merits to users outside the club is immaterial and you should pay no attention to it. /s

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It never was, nor did anyone say it was. We sincerely apologise for the incredible amount of time you wasted "debunking" something nobody ever believed in the first place.