After Raising More Than $3 Million in Phase 1 of Its Presale, Metacade (MCADE) Is Ready To Compete With Crypto Tokens Like Uniswap (UNI)
Curious about the next big player in the crypto market? Meet Metacade, a platform built for the future of play-to-earn (P2E) gaming. After selling over $3 million in MCADE tokens during its presale, Metacade is looking like a strong contender to compete with leading crypto tokens like Uniswap. In this article, you’ll discover all you need to know about Metacade and why its MCADE token could soon outperform UNI.
What is Metacade (MCADE)?
Metacade is a P2E social hub that aims to set the standard for gaming communities in Web3. It’s where gamers and crypto fanatics come together to explore, learn about, and earn more from the rapidly-expanding GameFi industry. Positioning itself as a one-stop platform, it features everything players need to get started in P2E, like forums, reviews, leaderboards, spaces for real-time interaction, and crowd-beating alpha.
Metacade is so much more than a simple gaming community, however. By harnessing the potential of decentralization and Web3, Metacade is launching some groundbreaking features that could revolutionize the way community hubs are owned and operated. For example, it offers MCADE tokens in return for contributing to the platform and game testing.
Moreover, there are plans to create a decentralized autonomous organization (DAO), allowing the players to truly determine the future direction of their favorite platform.
These aspects have led to a stunning $3 million raised in just seven weeks, with $1.12 million coming from the initial beta sale alone. With GameFi forecast to take off in 2023, MCADE could soon outperform UNI and offer massive gains to early investors.
What is Uniswap (UNI)?
Uniswap is a decentralized exchange that allows users to trade crypto without needing a centralized third party. Based on Ethereum, Uniswap uses the UNI crypto token to reward liquidity providers and, as a governance token, empowering users to vote on and implement changes made to the exchange.
Uniswap quickly climbed the ranks during the 2021 bull market, as the lack of centralization meant users could list and trade crypto tokens otherwise unavailable on platforms like Binance or Coinbase. Given that the platform is powered entirely by smart contracts, users can create new trading pairs, like BTC/UNI, in a process known as swapping.
Following the collapse of FTX, users have become less trustworthy of centralized exchanges. This has led to a sharp increase in the number of unique active wallets using the exchange (DappRadar), and a recent partnership with Moonpay means that users can now buy crypto using credit cards on Uniswap. However, none of these factors will likely deliver UNI investors the same gains as the MCADE crypto token.
Why Could Metacade (MCADE) Outperform Uniswap (UNI) in 2023?
Firstly, it’s important to look at the fundamental backdrop. Metacade is positioning itself as the ultimate community platform for GameFi, an industry that’s expected to rocket in 2023. According to Crypto.com, P2E gaming is forecast to see a 100% annual growth rate between now and 2025, accelerating 10x faster than traditional gaming. What’s more, it predicts that GameFi will go from a $1.5 billion industry in 2021 to a $50 billion industry by 2025.
In terms of its features, many investors have cited the community rewards as an extremely bullish aspect. In return for contributing reviews, tips, and other valuable content to the platform, Metacade rewards users with MCADE crypto tokens. With the potential to attract P2E veterans to share their secret sauce with the rest of the community, Metacade could soon be the number one resource for getting ahead in GameFi.
Additionally, the Metagrants initiative could attract even more players onto the platform. Metagrants are a way for the community to direct funds toward game developers. To receive financing, developers just need to submit their idea to one of the Metagrant competitions for MCADE holders to vote on.
The proposal that receives the most votes is awarded funding from the Metacade treasury to fast-track development. Developers even have the opportunity to use Metacade’s native testing environment to gather feedback on their games, opening up another income stream for the platform’s users.
Finally, Metacade is expected to start the early stages of its DAO in Q2 2023, with the aim of completing the transition in late 2024 once the platform is fully developed. This move will give MCADE holders voting rights in the Metacade DAO, enabling them to decide whether the community should go ahead with new upgrades, partnerships, token supply restrictions, and other critical changes to the platform. In the process, they’ll be participating in the world’s first player-run virtual arcade.
Metacade (MCADE) Could Be One of the Best Crypto Tokens of 2023
By now, it’s clear to see how MCADE has the potential to outperform UNI this year. With a host of valuable features, a first-mover advantage in this new gaming paradigm, and a token still in presale, MCADE could rocket in 2023.
Already, investors have pushed the price of MCADE up 50% from $0.008 to $0.012, and further price increases are planned as the presale stages continue to sell out. With over $3 million raised by stage 2 of the presale at the time of publication, time is quickly running out to grab MCADE crypto tokens at these once-in-a-lifetime prices. Forget UNI; check out the Metacade presale instead!
You can buy Uniswap (UNI) at eToro here.
You can participate in the Metacade presale here.
Disclaimer: Insights provided by crypto industry players and is not a part of the editorial content of BanklessTimes.