Metacade, the first-ever community-developed Play-to-Earn (P2E) blockchain arcade, has announced the launch of its much-anticipated $MCADE token presale.
Metacade’s native utility token sale has sold a staggering $670,000 in less than 2 weeks, with the beta sale now over 60% sold out.
$MCADE can be purchased from the official Metacade website.
Positioning itself as a Web3 community hub, this gaming-first platform aims to attract gamers, investors and entrepreneurs alike by offering a variety of ways to earn, play and connect. It seems to be a central meeting point for anyone interested in GameFi and the Metaverse.
To ensure investor confidence, $MCADE has been audited by leading blockchain audit firm CertiK, a security-focused platform that analyzes and monitors blockchain protocols and DeFi projects.
Verification and approval by CertiK means that the code behind Metacade is highly secure and has been analyzed for vulnerabilities.
Metacade harnesses the power of Web3 to take blockchain gaming to the next level. The project goes beyond play-to-earn and provides a place to discover which games are trending, view leaderboards, post game reviews, and access the hottest, most advanced GameFi alpha.
“The crypto gaming space is crying out for a single destination where we can all go and learn, earn and play games with other enthusiasts without having to hop from platform to platform.”
Product lead for Metacade, said Russell Bennet
Metacade aims not only to improve the existing P2E and Metaverse worlds, but also to promote the future of this area. The hallmark of the project is metagrants, a funding source granted to game developers to bring new games to the Metacade.
The Metacade community will vote on which projects will be funded to make the collective vision a reality on the platform. The first game developed with the first Metagrant will be launched in 2024.
By the end of 2024, the project intends to transform into a DAO, hand over key roles and responsibilities to the Metacade community, and achieve a fully community-owned enterprise.
This is said to be achieved through the use of Play2Earn, Create2Earn and Work2Earn functionalities, each of these initiatives giving the community a little more control over the project in the years to come.
Reflecting on Metacade’s core ethos, Russell said, “We want to create a community that has no barriers to entry, whether you work in this space, start a business, or just want to hang out, hang out, play, and have fun.”
$MCADE has a fixed supply of 2 billion $MCADE tokens. Seventy percent of this ($1.4 billion MCADE token) will be made available during the token pre-sale event. The remaining thirty percent will be used for listings during development, providing liquidity and funding for the competition pool.
$MCADE is the utility and governance token that powers the project. It plays a crucial role in the functionality of the platform as it allows owners to vote on the future direction of the project and new game suggestions.
It will be the primary tool for interacting with the Metacade ecosystem: holders can use it to enter tournaments and exclusive prize draws, purchase merchandise, and more as the platform evolves.
Token holders have many opportunities to earn rewards through the project. $MCADE holders can earn from activities such as contributing content, reviewing and testing games, and overall engagement with the ecosystem.
$MCADE holders can also stake their tokens in liquidity pools to earn rewards and APYs based on the amount staked. Staked rewards are paid in stablecoin amounts and not in $MCADE to protect the value of the funds from inflation and price fluctuations.
To further encourage a deflationary attribute of the token, Metacade plans to introduce a burn mechanism, or buyback system. Token burning will help the ecosystem permanently purge a certain percentage of the supply, lowering the overall supply and increasing the value of $MCADE in the long run.
Immediately after the closing of the $MCADE pre-sale, Metacade will roll out the website and build a founding team. In Q1 2023, the goal is to list the $MCADE token on Uniswap and the top five centralized exchanges along with popular crypto aggregators. With an ambitious roadmap, Metacade is poised to revolutionize the way a traditional community hub is owned and operated.
The Metacade Beta sale has now sold over $670,000 worth of tokens in less than two weeks and at the time of publication there is less than 40% left.
To buy $MCADE, visit Metacade and take part in the pre-sale now.
About GameFi
GameFi, one of the most talked about and promising sectors of Web3, is creating a virtual gaming ecosystem based on the use of cryptocurrency, non-fungible tokens (NFTs) and blockchain technology.
At the heart of the GameFi ecosystem is the play-to-earn (P2E) gaming model. Unlike the traditional pay-to-play model, P2E allows players to earn financial rewards by participating in challenges and tasks.
About metacade
Metacade is the premier destination for games in the Metaverse. As Web3’s first community arcade, allowing gamers to hang out, share gaming knowledge and play exclusive P2E games. The platform offers users multiple ways to generate income, build careers in Web3, and connect with the broader gaming community.
Metacade will be the one-stop shop for users to play, earn, and connect with other passionate gamers worldwide.
Once the project has reached the end of its roadmap, Metacade will be released to the community as a full DAO. After all, Metacade wants you to help shape the GameFi world of tomorrow.
Visit the following pages to learn more about Metacade:
Website | White paper | Social | CertiK Audit
Disclaimer
The information provided in independent research represents the opinion of the author and does not constitute investment, trading or financial advice. BeinCrypto does not recommend buying, selling, trading, holding or investing in cryptocurrencies
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