As governments worldwide consider the regulation of cryptocurrencies, the recent increase in the price of Bitcoin (BTC) seen during the early weeks of 2023 has hit the buffers. If governments decide to regulate the crypto industry, several big Web3 players could find their futures under increased threat.
Chief amongst those affected will be Bitcoin. What the impact on the price of Bitcoin will be if regulations are passed remains to be seen. However, investors are already searching for secure cryptos to invest in. One of these, Metacade (MCADE), continues to set markets alight with its presale event that is marching relentlessly.
How will crypto regulation impact the industry?
Cryptocurrencies are under increasing scrutiny as global governments pursue lawsuits, such as that which saw the crypto-stocking giant Kraken fined $30 million and forced to close its operations in the US. This is prompting calls for greater regulation of cryptocurrencies similar to that which regulates banks and financial institutions across the globe.
The FTX collapse in late 2022 led to the UK announcing plans to regulate the crypto industry. Meanwhile, news recently broke that the Australian government has published a paper exploring which sector elements require crypto regulation.
This speculation is having a deleterious impact on the price of Bitcoin, keeping the value of BTC below the $25,000 barrier and preventing it from turning fully bullish. As a result, values across crypto markets also remain bearish.
Secure GameFi platform Metacade performs bullishly in presale
Metacade continues to make light of the continuing struggles in the broader crypto market and the noise around government crypto regulation during its presale event. Its native MCADE token, launched in late 2022 at $0.008, has generated significant traction since then by raising an eye-watering $10.9m in just 16 weeks.
Such is the rapid pace at which Metacade’s presale event is selling out that an increasing number of investors are scrambling to get their hands on the limited supply of MCADE tokens before they’re gone as they recognize the rich potential of the project and the opportunity to buck market trends and gain enormous gains in 2023.
What is Metacade?
Metacade is an exciting new project in the sphere of blockchain gaming as it plans to become the world’s first virtual online gaming arcade. They aim to build the largest library of online arcade games, incorporating classic titles of yesteryear alongside cutting-edge Web3 future classics while utilizing the finest play-to-earn (P2E) mechanics in the GameFi sector.
While Metacade’s P2E capability is the prime feature that it’s hoping will attract a thriving community of GameFi enthusiasts, users will have access to a huge array of additional features and avenues to earn passive income.
Among the platform’s exhaustive rewards system, which looks set to push it way ahead of its crypto-gaming rivals, is the Compete2Earn scheme. Users are incentivized to stake their MCADE tokens in return for entry into prize draws and online tournaments. During the latter events, progress up leaderboards and throughout tournaments will see members gain an increasing share of lucrative prize pools.
As well as the integrated earning mechanics, Metacade is placing its community at the forefront of its plans. As more control is devolved to its members, Metacade is offering rewards to users that contribute to the building of the community. Each time they post a game review or participate in a thread on one of the many Reddit-style sub-forums, they gain passive income. The more they post, the more they potentially earn.
How does MCADE work?
Metacade’s native MCADE token is the medium of exchange for all activity on the platform and provides the impetus for the platform to develop. Users who contribute via the token staking scheme and gain access to the range of pay-to-play titles gain further revenue through several external sources. These include advertising, releasing external game titles on Metacade, and, from 2024, charging to host career opportunities on the job board as part of the Work2Earn scheme.
Meanwhile, Metacade has gone to outstanding lengths to assure investors of the validity of their platform and the security of any investment. The team’s identity and platform coding has been submitted for rigorous review and verification by CertiK, with any issues highlighted and swiftly resolved by the agile platform team.
MCADE: Fuelling GameFi innovation
The jewel in the Metacade crown is undoubtedly their pioneering Metagrants initiative that will catapult the platform to the vanguard of the crypto-gaming revolution. Launching in Q3 2023 to encourage the development of exciting new P2E titles exclusively for Metacade, developers can apply for grants to support their creative ventures.
As part of the devolution of voting rights to the community, MCADE token holders vote for their favorite titles, which then go into production with the support of funding.
The benefits of Metagrants for Metacade and its users are self-apparent, but the wider Web3 industry also stands to gain substantially. While new techniques and developments in blockchain gaming gain real-world application, Metacade will open up a vast talent pool for external companies to tap into and fill their most exciting full-time career opportunities with innovative and successful personnel.
Is Metacade a wise investment?
With impending crypto regulation shrouding the future price of Bitcoin in mystery, investors looking for a sure-fire winner would be well-advised to get on board with the MCADE presale to avoid missing out on the most exciting opportunity of 2023.
The current price of $0.0185 is scheduled to rise to $0.02 throughout the event, after which the coin hits exchanges and has the potential to skyrocket.
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.
