Digital currency companies have been striving to stay afloat in a global marketplace facing terrible economic uncertainty. Many companies have already crashed into oblivion, including FTX. Above all, the crypto winter does not appear to be receding at all, even in 2023. The only Argentine companies that pay salaries in dollars. more info here
Nonetheless, one cryptocurrency project seems to have put all the lessons learned from negative events to good use. This project is Metacade, a new metaverse gaming platform. Since it is new, Bitcoin smart may not yet be able to provide complete information about it. Therefore, investors must acquaint themselves with it via published reports.
An Introduction to Metacade
Metacade is a brand-new entry into the GameFi sector. It operates in alignment with the Web3 platform. The idea is to offer a vast array of P2E (play-to-earn) gaming titles to the platform’s users. The environment for these games is the metaverse. Thus, gamers with similar mindsets may create a vibrant community. Enthusiasts, keen on accessing new games, and classic arcade titles, should enjoy themselves hugely.
Users are always attracted to a platform offering P2E games. However, Metacade is different from other similar platforms. It displays a glorious, multi-faceted roadmap. This way, community members may discover other ways of earning, too. For instance, social interactions on the hub bring cryptocurrency awards. Users may review and write about various games too. They may also share alpha and encourage other enthusiasts to succeed in chosen games. The Create2Earn initiative has a regular live chat in place, enabling people to interact with one another.
Metacade’s Operations
The design of Metacade is such that it functions as a self-sufficient ecosystem. Its native token is MCADE. With the assistance of diverse external and internal revenue sources, it is possible to generate the native token constantly. The tokens find their way into the digital wallets of Metacade fans. The tokens take the form of highly-attractive digital asset rewards.
The gamers’ contribution to the platform goes through the Compete2Earn scheme. They must use MCADE tokens for participating in online tournaments. They may also enter the prize draws with the help of the tokens. Then, they become eligible for excellent prices. Similarly, pay-to-play arcade games demand MCADE tokens as payment. The gaming atmosphere is similar to the offline/real-world one.
The company also goes in for selling advertising space on its Metacade platform. The purchasers are external commercial establishments and charging gaming firms. They use the platform for launching gaming titles on it.
There is another plan, too. During the first quarter of 2024, charging gaming firms and Web3 companies will have the opportunity to pay for advertising space. This space will be utilized to display excellent vacancies on the job board of Metacade. All this will form part of the platform’s ground-breaking scheme called Work2Earn.
Learning From the FTX Cryptocurrency Scandal
Metacade began to plan its strategies, after observing the FTX cryptocurrency debacle. The company has also been keenly observing the latest headlines and reports. This way, it can avoid committing similar mistakes and incurring losses.
The team has requested a complete CertiK audit. Toward this end, it has handed over coding information connected to the company and the platform, thereby enhancing investors’ trust. The audit should suffice to verify the authenticity of the project team working on Metacade. It should also suffice to validate the safety and compatibility of Metacade’s code.
It helps that the project team is very agile. Should the audit uncover any potential risk, it will take rapid action to mitigate or resolve it. The company and its team have also opted to have a multi-signatory treasury wallet in place. This way, the Metacade platform promises complete financial security to users. For instance, a transaction cannot reach completion unless two or more of the treasury wallet’s signatories approve of it. Thus, no cybercriminal may attempt to steal from Metacade’s coffers.
Such strategies have proved advantageous for Metacade. The beta presale was so successful, that it was completely sold out within a mere three weeks of its launch. Subsequent presales are showing similar progress. Thus, the price of MCADE is only rising, stage by stage. Experts suggest that the growth will be more once the coin is listed on cryptocurrency exchanges. Investors may hope for excellent long-term gains.
Recent Comments