Cryptocurrency markets have been subject to a challenging bear market lately. However, investors are now on the hunt for the projects that will lead the next bull run. A new project called Metacade is one of these prospective projects and the MCADE utility token, which is part of the project, could offer excellent opportunities for crypto investors.
What is Metacade?
Metacade is a Web3 community for gamers and crypto fans where they can collaborate and work together on the best metaverse games. The project is designed to provide a space where gamers can congregate and share the latest GameFi trends. The primary aim of Metacade is to launch the world’s first community-driven arcade, making it a formidable competitor to any top meme currency.
Users can check out which games are trending, view leaderboards and write reviews. Plus, they can take part in government voting for the best new games in this sector. The native Metacade Token (MCADE) will be used for prize draws and exclusive tournaments as well as betting for rewards.
What is a Utility Token?
A utility token is a cryptocurrency token that is minted for a specific purpose within a project ecosystem. These tokens give users the ability to carry out certain actions on the network. Utility tokens cannot be mined like other cryptocurrencies as they are pre-mined and distributed in a fashion chosen by the founding team. In the case of Metacade, token holders can support the growth and development of the project by staking MCADE.
More on Metacade Staking
Staking MCADE tokens will mean that the community will get a share of the revenue earned by the project. To keep the number of tokens in circulation under control, the revenue will be paid in a steady amount and not in the MCADE token.
Once the token utility and income streams are set up, there will be a token burn/buyback system to reduce the number of coins in circulation. The initial fixed supply will be 2 billion MCADE, with 1.4 million tokens available during the presale.
What is the Metacade Roadmap?
The Metacade Project will launch its token presale in November 2022. The roadmap from Q1 2023 will focus heavily on commercializing the project to grow the community. This is critical for the success of the project. MCADE will also be listed on Uniswap, which is essential for any coin that wants to become a meme coin.
By 2023, the ultimate aim is to develop a complete create2earn, compete2earn and play2earn GameFi model. The project will keep the platform up-to-date with a range of third-party games that have been checked by the community. It will also give grants to developers with ideas for the best metaverse games to add more content. As we saw with Axie Infinity, one game can bring a great deal of attention and a surge in the native token.
What makes the Metacade project so special?
Metacade’s arcade looks to bring the best of blockchain and web3 games to a community-driven platform. Play-to-win gaming is becoming increasingly popular, but it is usually limited to one title or one desktop experience. This can restrict adoption due to a narrow focus and a small number of worlds. With Metacade, you can join the gaming community and earn rewards in multiple games. Once the arcade is built, there will be regular prize pools and exclusive tournaments. Each game could also have its own NFTs linked to the MCADE utility coin.
Why Should you Invest in Play2Earn?
According to a BGA Report Daily, more than 1.4 million wallets interact to play games. That represents 49% of all blockchain usage.
A report from Bloomberg stated that the global revenue opportunities for the metaverse could reach $800 billion by 2024, compared to a prior estimate of $500 billion for 2020. The top market for online gaming hardware and game makers is expected to hit $400 billion by 2024. There are also opportunities in live entertainment and social networking.
Conclusion
Before the bear market, play-to-win was a very popular sector in cryptocurrency. The race to find the best metaverse game will continue. Metacade’s arcade could make the most of the metaverse by creating a community that rewards players and developers for their creations and games. Metacade is an attractive utility token offering that investors should consider.
You can join the Metacade presale here.
