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Metacade (MCADE) is a cryptocurrency that powers a decentralized gaming platform, offering a community hub where gamers and blockchain enthusiasts can interact, share ideas, and participate in various activities. The platform leverages blockchain technology to create a self-sustaining community owned and run by its users. MCADE token holders can vote on game development funding, participate in governance, and access in-game items and features, driving the growth of the GameFi ecosystem.
The crypto Metacade (MCADE) is used in various ways within the Metacade ecosystem, which serves as a community hub for both gamers and crypto enthusiasts in the Web3 space. Here are some key use cases:
Deflationary Tokenomics: Metacade employs a unique algorithm linked directly to actual revenue, time, and the introduction of new tokens. This mechanism allows Metacade to regulate the reduction of circulating supply, benefiting those who hold the $MCADE token.
Staking: Users can stake their tokens and accumulate rewards in $MCADE by locking up their position, preparing for potential growth during the gaming bull run.
Content Contribution: Content contributors on the platform can earn $MCADE tokens each week while building their reputation within the community.
Referral Rewards: Users receive $MCADE tokens as a token of appreciation when they introduce Metacade to other communities and gaming partners who successfully onboard the platform.
Participation in Gaming Activities: Users can earn $MCADE tokens by enrolling in-game tests, review groups, competitions, and partner-related activities.
Voting on Game Funding: MCADE token holders have the authority to vote on developer-submitted games eligible for funding through the Metagrants program, democratizing the game funding process.
- Access to Reward Pools, Tournaments, and Competitions: Holding the MCADE token unlocks entry into reward pools, tournaments, competitions, and airdrops, enriching the gaming experience.
To store Metacade (MCADE) tokens, you need a reliable crypto wallet. Here are the steps to set up and use a wallet:
Choose a Crypto Wallet: Select a wallet that works well in your area, accepts your payment method, and follows your preferred policies. Popular and reliable options include Coinbase Wallet, MetaMask, and TrustWallet. You can download the wallet extension on Google Chrome or the wallet app from the iOS App Store or Google Play.
Set up Your Wallet: Create an account by providing your personal information and selecting a strong password. You will be given a Secret Recovery Phrase or Seed Words, which are crucial in case you lose your wallet. Accurately note them down before proceeding.
Fund Your Wallet: Transfer your base currency (e.g., Ethereum, Bitcoin, or Tether) to your wallet. This will be used to trade MCADE tokens.
Connect to a Decentralized Exchange (DEX): Choose a DEX that supports your wallet. For example, if you use Trust Wallet, you can go to 1inch to make the transaction.
Buy and Store MCADE Tokens: Use your base currency to buy MCADE tokens on the DEX. Once the transaction is complete, the tokens will be stored in your wallet.
Remember to keep your wallet secure by storing your seed phrase safely and being cautious of scams.
To buy Metacade (MCADE) tokens, you can follow these steps:
Choose a Platform: You can purchase MCADE tokens on various platforms, including centralized exchanges like Bitget, BitMart, Coinstore, and MEXC, as well as decentralized exchanges like Uniswap.
Set Up an Account: If you don't already have an account on your chosen platform, create one and complete the necessary verification steps, such as KYC (Know Your Customer) if required.
Fund Your Account: Deposit funds into your account using methods such as debit, credit cards, bank transfers, or other cryptocurrencies like USDT. Ensure you have sufficient funds to cover the purchase.
Connect Your Wallet: If using a decentralized exchange like Uniswap, connect your wallet (e.g., MetaMask) to the platform. This will allow you to store and manage your MCADE tokens.
Buy MCADE: Navigate to the MCADE token listing on your chosen platform and execute a trade to purchase the desired amount of MCADE tokens using your available funds.
Store Your Tokens: Once the purchase is complete, your MCADE tokens will be stored in your connected wallet. You can then hold, trade, or transfer them as needed.
Remember to always use the official token contract address (0xed328E9C1179a30ddC1E7595E036AEd8760C22aF) to ensure you are buying genuine MCADE tokens.
Metacade (MCADE) is a cryptocurrency that has gained significant attention in the GameFi and metaverse spaces. The token has a fixed supply of two billion tokens, which is expected to drive demand once it is listed on decentralized exchanges (DEXs) and other major exchanges.
The beta presale phase of MCADE was highly successful, selling out in just three weeks and raising over $1.12 million. This momentum continued, with the total amount raised reaching $2.7 million. The presale price started at $0.008 and was set to rise to $0.02 ahead of the final stage, promising handsome returns for early investors.
Metacade's roadmap, outlined in its whitepaper, includes a transition to a completely community-led governance model by Q4 2024. This shift towards a decentralized autonomous organization (DAO) is expected to bring significant rewards for early investors. The platform's focus on play-to-earn (P2E) titles, Compete2Earn, and Create2Earn initiatives, as well as its multi-revenue streams, make it an attractive investment opportunity in the metaverse crypto space.
Historical price data for MCADE is available on various platforms, including CoinCarp, Kraken, and TokenInsight, providing insights into the token's performance over time.
Metacade (MCADE) is a cryptocurrency project that operates as a community hub for both gamers and crypto enthusiasts in the Web3 space. It aims to create a self-sustaining and revenue-generating community by offering various features and revenue streams.
TokenomicsMetacade has a fixed supply of 2 billion MCADE tokens. The token distribution includes 70% for presale, 10% for development, 5% for liquidity provisions, 12.5% for marketing and centralized exchange listings, and 2.5% for the competition pool. The tokenomics are designed to be deflationary, meaning the circulating supply of tokens will decrease over time, benefiting holders.
Use CasesThe MCADE token has several use cases:
- Staking: Holders can stake their tokens to earn rewards.
- Content Contribution: Users can earn tokens by contributing content to the platform.
- Referral Rewards: Users receive tokens for referring other communities and gaming partners.
- Participation in Gaming Activities: Users can earn tokens by participating in in-game tests, review groups, competitions, and partner-related activities.
Metacade offers a range of features, including:
- Community Engagement: A platform for like-minded individuals to connect, share ideas, and collaborate.
- Play-to-Earn Opportunities: Strategic partnerships with established play-to-earn projects to offer gamers enhanced rewards.
- Gaming Information: Consolidating trending games, leaderboards, and reviews for easy discovery.
- Democratizing Game Funding: MCADE token holders vote on developer-submitted games eligible for funding through the Metagrants program.
Metacade aims to become a completely self-governed decentralized autonomous organization (DAO) by Q4 2024. This means that full governance and key roles will be transferred to elected community members, ensuring a more inclusive and equitable decision-making process.
Revenue StreamsThe platform generates revenue through various sources, including:
- Advertising
- Tournaments
- Job Listings
- Pay-to-Play Arcade
- Game Testing
- Access to the Community Launchpad
These revenue streams support the platform's self-sustainability and fund rewards for users.
The token Metacade (MCADE) has several strengths that contribute to its potential in the cryptocurrency market:
Blockchain-Based Gaming Ecosystem: Metacade is a blockchain-based platform that rewards players for their engagement and creation on the platform with its native token, MCADE. This ecosystem provides a more rewarding and engaging gaming experience, allowing players to own in-game assets using non-fungible tokens (NFTs) and receive rewards for their participation.
Deflationary Token Economy: Metacade has a deflationary token economy, which means that the token supply is designed to decrease over time. This can lead to increased demand and potentially higher prices for the token.
Active Community: Metacade has an active community of over 10,000 holders, indicating a strong support base for the project.
Strategic Partnerships: The listing of MCADE on Bitget, a global cryptocurrency exchange with over 20 million users, has increased the token's liquidity and exposed it to a broader audience of users and investors. This strategic partnership has enhanced the token's utility and potential for growth.
Reward Pools and Competitions: Holding MCADE tokens unlocks entry into reward pools, tournaments, competitions, and airdrops, enriching the gaming experience and providing additional incentives for users to engage with the platform.
These strengths position Metacade as a promising project in the blockchain gaming sector, with a strong foundation for potential growth and adoption.
Metacade (MCADE) carries several financial risks that investors should consider. These risks include:
High Risk Score: Metacade has been given a high risk score by InvestorsObserver, indicating that it is a relatively high-risk investment. This score is based on factors such as the amount of money required to shift the price over a 24-hour period, recent changes in volume and market capitalization, and the potential for manipulation by limited trading.
Market Volatility: The cryptocurrency market is highly volatile, and Metacade is not immune to significant price fluctuations. This volatility can lead to sudden and unpredictable changes in the token's value.
Competition: The gaming industry is highly competitive, and Metacade faces competition from established players and other emerging projects. This competition can impact Metacade's ability to capture market share and maintain user engagement.
Regulatory Uncertainty: The regulatory landscape surrounding cryptocurrencies and blockchain technology remains uncertain, which could impact Metacade's development and adoption. Changes in regulations could negatively affect the project's growth and profitability.
Technology Risks: As a blockchain-based project, Metacade is subject to technological risks such as security vulnerabilities and network disruptions. These risks can compromise the integrity of the platform and lead to financial losses for investors.
Counterparty Credit Risk: Metacade, like other crypto assets, is exposed to counterparty credit risk. This risk arises when there are substantial crypto-denominated transactions, and defaults or liquidity issues can have a ripple effect on the broader economy.
Liquidity Risk: Metacade's liquidity is a concern, particularly if there are sudden asset price fluctuations or increases in risk aversion. This can lead to fire sales, margin calls, and further price corrections.
Market Risk: Metacade is susceptible to market risk due to mispricing or overvaluation. Indicators such as bid-ask spreads, volatility ratios, and turnover ratios can capture the increase in market risk sensitivity.
Operational Risk: The project's IT infrastructure and capacity are also vulnerable to operational risks, including cybersecurity threats and weaknesses in payment systems and custodians.
These financial risks highlight the importance of thorough due diligence and risk assessment before investing in Metacade or any other cryptocurrency project.
- Russell Bennett: CEO of Metacade, responsible for leading the project's strategic direction and ensuring the successful integration of the MCADE token into the platform's ecosystem.
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