I have earned 263 pMerit. Now what to do with it? Can anyone explain?
You need it to rank up your account. The more you have, the higher your rank will be when the 24-hour timer runs out. Check theymos's post for more info on this new system.
Here's what Theymos said.
But if you get enough pMerit, you can rank-up from Newbie to Legendary right away.