As bearish markets gradually find their floors, investors are again looking for their next steps toward investment success. Metacade is a brand new project bringing something especially unique to the play-to-earn (P2E) cryptocurrency sector, which was a red-hot sector prior to the current downturn.
With its dual engines of both a gaming community and a P2E income model, Metacade could be exactly what investors are searching for, as the crypto gaming sector looks to return to similar levels of excitement.
What is Metacade?
Metacade is a truly novel community-driven Web3 platform where gamers and crypto enthusiasts can meet - to communicate and collaborate on new metaverse games. The ultimate goal of the project is to build a fun, dynamic meeting place, where gaming fanatics can find the best metaverse games and earn rewards.
Users will be able to find trending games, view leaderboards, write reviews, and get involved in governance votes on the best upcoming titles in the industry. The native MCADE token will be used for exclusive prize draws, competitive gaming tournaments, and staking for rewards.
More on Metacade staking
Staking is the name used for locking your tokens up in the platform to earn a reward. For the Metacade community, that reward is a share of project revenues - due to be paid out in another currency to avoid inflating the utility token. Once those revenue streams are created, there will be a token-burning mechanism or a buyback.
Token burns are used to lower the number of coins circulating, in order to support the price. The total fixed supply at the launch will be 2 billion MCADE tokens, with 1.4 billion tokens available during the presale events.
Multi-sig wallets to add security for investors
Multi-signature wallets will be used to ensure the safety and security of investors’ assets. Multiple keyholders will manage the Metacade treasury assets, and two or more private key signatures will be required to send transactions. This will heighten the security and integrity of the treasury function. The project is also working closely with a trusted third-party auditor to ensure the project meets proper levels of security and transparency.
What’s the roadmap for Metacade?
The Metacade project launches its token presale in Q4 of 2022. The path to the first quarter of 2023 will be focused on marketing in order to draw in a gaming community. The MCADE coin will also be listed on key exchanges such as Uniswap. Having a strong gaming community and listings on major exchanges are historically two of the key elements required for a token price rally.
The real development comes in 2023 with the community-led development of a create2earn, play2earn, and compete2earn GameFi model. Metacade grants will be given to developers with the best game ideas, and gamers will test and review them before they are accepted for the arcade. All of this will be backed up by the MCADE token which will be used for voting on key developments.
Why should you invest in Metacade?
If you are looking for the next big thing in cryptocurrency, then it’s a good idea to travel back in time and look at what dominated the market in 2021. There were many projects that offered capable technology, or options for payments and DeFi - but none of them could match the fever that gaming and NFTs created. As Axie Infinity proved, a hot game with a P2E model can create an explosion in daily users, which then positively affects the token price.
Axie Infinity rocketed to 2.7 million daily users at its peak before the market slump started. Their native coin also soared from a few cents to a blistering $160, making many people rich in the process. Some users even say that the actual gameplay was poor, but it had no competition at the time.
Metacade is opening its doors in an entirely different way. Instead of being stuck with one title trying to constantly reinvent itself, Metacade is both hosting and providing the capability to develop multiple titles. This offers the platform a clear advantage in that gamers will receive constant variation, as well as a greater chance to attract a wider audience. With a steady stream of new games coming from the Metacade grants program, there will be more opportunities for the platform to unearth the next big game and achieve mass adoption.
Conclusion
Crypto investors are looking for the next big opportunity in the crypto market and Axie Infinity showed what is possible with a fast-growing community. The best crypto projects and blockchain games garnered amazing community spirit and the fact that they also provided big earning opportunities added an extra dimension to the project.
Metacade will encapsulate the best of P2E, P2P, and anything else that can be conceived in the metaverse: all wrapped up in a community-driven project, free from centralized meddling. With its users at the core, alongside a well-incentivized development model on top, the prospects for Metacade are excellent - a virtual arcade model, addressing a wider range of voices to deliver what P2E gamers really want.
You can participate in the Metacade pre-sale here.
Disclaimer: Insights provided by crypto industry players and is not a part of the editorial content of BanklessTimes.
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