As the crypto market begins its steady rebounds from its 2022 pullback, market trends predict utility tokens have the best bet to thrive in the upcoming years. These tokens, which allow users to access specific products and services, may be the next big crypto trend - with Metacade (MCADE) in particular poised to surge.
Coins vs. Tokens
The word cryptocurrency is often used as an umbrella term describing all digital assets, but cryptocurrencies are actually divided into two main categories: coins and tokens. Coins, such as Bitcoin, were developed to serve as an asset with monetary value. That means that they are designed to be able to purchase goods and services just as cash is. While they’ve had varying degrees of success, their purpose stays within this remit.
On the other hand - tokens, particularly utility tokens, typically allow the holder to access specific use cases for a particular platform. Think of them as concert tickets needed to get into a venue. The more popular the artist you’re going to see, the more the tickets cost - meaning the more value they hold. In the same way, crypto tokens hold different values based on the popularity and use of the platform they belong to.
Crypto trends at the moment are leaning in the direction of utility tokens over coins. Coins, like Bitcoin, have dropped in value, while metaverse platforms have the added intrinsic value of utility. As coins have struggled to get a foothold as monetary value, utility tokens, such as Metacade’s MCADE, are really where the value will lie in the future. Adoption of coins as money may never come to fruition, but utility tokens are already being put into practical use, swinging crypto investment in their direction.
What is Metacade?
Metacade is a virtual community hub where gaming enthusiasts can go to discover the most popular metaverse games, chat in real time, and learn about GameFi and ways to earn by playing metaverse games. Metacade will have everything you want to know about GameFi in one central location, including leaderboards of the top metaverse games, a comprehensive review system, and new games in testing by developers.
As GameFi grows, offering new and exciting ways to Play to Earn, Metacade will be a central platform for both gamers and developers to earn more of the share for these games than ever before. While today, promoters and advertisers take the largest share from online gaming, the future of decentralized gaming will cut out the middlemen and allow gamers and developers the ability to earn by playing and promoting their own ideas.
How do Metacade (MCADE) Tokens Work?
MCADE tokens will be given to users for certain services, such as posting about games that are at the top of metaverse trends, writing reviews, and testing games in development. MCADE tokens can also be purchased, with the presale already underway. These tokens allow users the ability to access the Metacade universe, which will give them direct access to the future of gaming and metaverse trends.
The community will be able to communicate directly, not only with one another, but also with game developers, as well as decide which game ideas receive grants, which games rise to the top of the leaderboards, and what changes need to be made to games in development.
Will Metacade (MCADE) Be More Successful than Other Utility Tokens?
Many utility tokens in the world of GameFi are tied to specific games. This poses a substantial risk, as popularity of the game and overall crypto trends will greatly affect the value of the token. Some game tokens have seen their value drop by as much as 99% as the crypto market pulled back and metaverse trends changed. As Metacade tokens won’t be tied to one particular game, the risk of them losing value due to popularity and market trends are tempered. The popularity of games and metaverse trends will always change. Just as Top 40 songs see regular turnover, top games will also gain and lose popularity regularly, making utility tokens tied to specific games more risky.
Metacade, however, is a hub for GameFi games, not a particular game in itself. As the name implies, it is the metaverse arcade where a variety of games can be found. Because of this, the value of Metacade won’t change based on one game’s popularity, as there will always be another to take its place within the arcade.
This means that Metacade isn’t dependent on a game, but rather on the outlook of online gaming. And as crypto trends are showing, that future is one that should only grow stronger as metaverse trends have some calling GameFi tokens the next Apple or Amazon. While some of these tokens have already taken off, Metacade offers the chance to get in on the ground floor of the next big crypto trend, and into a future as bright as the lights of your favorite childhood arcade.
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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