After entirely selling out its presale event in double quick time, raising $16.4 million in the process, and with the listing of its native MCADE token on leading decentralized exchange (DEX) Uniswap, the focus is now turning to Metacade’s plans to transition toward becoming a decentralized autonomous organization (DAO) in Q2 of 2024.
Meanwhile, investors continue to flock to purchase MCADE tokens on Uniswap as they seek to be part of the future of the burgeoning GameFi revolution and take full advantage of the move to become a DAO.
What is a DAO?
A decentralized autonomous organization (DAO) is an entity that has no central leadership hub. All decisions are made by the community, providing bottom-up governance and allowing the community membership full autonomy over decision-making and a platform’s strategic direction.
DAOs operate through smart contracts executed automatically when a particular set of criteria are met. These smart contracts establish the rules for the DAO, and anyone holding a stake in the DAO receives voting rights to influence the platform’s future direction or create new governance proposals.
What is Metacade?
Metacade is a pioneering play-to-earn (P2E) platform aiming to revolutionize the blockchain gaming landscape where gamers, crypto enthusiasts, and developers can join a single community hub. Each can unite with like-minded people and explore the hugely growing GameFi space, earning MCADE tokens through the platform’s comprehensive rewards system.
Metacade is looking to build on the success of gaming platforms, with dedicated live chats and sub-forums for users to share alpha, discuss the latest games, and take advantage of a game review system that helps to build a sense of community engagement. In addition, each time someone posts social content to the hub, they earn crypto rewards as part of the Create2Earn program, one of the additional earning streams outside the mainstream P2E capability.
Another of Metacade’s outstanding additions is the Compete2Earn scheme which allows users to take advantage of staking crypto to help with the running and upkeep of the platform and provide the stimulus for even more features.
The Metagrants scheme encourages developers to put forward ideas for new P2E games exclusively for Metacade, which is voted on by the MCADE community. Then, those ideas go into production with the support of crypto funding, illustrating the devolution of power to the MCADE community as a future DAO.
Why are investors eager to buy MCADE tokens?
Metacade’s rock-solid focus on community building and community-based governance is one of the most substantial reasons for MCADE’s popularity during presale. Listings on well-known exchanges are getting noticed. Gaming community platforms are big news, with the GameFi sector projected to outpace traditional gaming growth between now and 2028. Metacade could be next in line to boom with its unique P2E offerings.
This type of P2E offering is unique because it introduced a multi-title library of games, which differs significantly from the norm in the GameFi sector. Other notable features include the ability for users to earn passive income by staking crypto and, additionally, the jobs board that is due to launch in 2024 will bring the developer community into contact with Web3 giants enabling the hottest talent in game development to be offered job opportunities.
Investors are increasingly drawn in by projects offering something different, particularly innovation, and Metacade certainly ticks these boxes. Moreover, the momentum built up during the MCADE token presale looks set to continue on crypto exchanges this year, especially as the transition toward becoming a DAO develops.
Metacade (MCADE) price prediction
Metacade is now available on Uniswap and was initially priced at $0.022, considerably higher than its presale launch price of $0.008. However, these gains for the earliest investors are small compared to the boost analysts predict the coin will have this month when it lists on Bitmart and in early May when MCADE hits MEXC.
Predictions for 2023 suggest that when MCADE is available on these and more exchanges, it could increase to $0.50 by year’s end, an increase of over 20X for investors who entered at the Uniswap listing price of $0.022.
Don’t miss out on MCADE’s listings on Bitmart and other exchanges.
Metacade’s listings on Bitmart in April and MEXC in early May, continue to drive considerable interest in MCADE from investors who rue missing out on the presale event yet are increasingly drawn to the platform’s potential due to richly diverse and multi-faceted ideas.
Metacade has ambitions to become one of the leading P2E platforms in the GameFi revolution. However, with platform development still in its infancy and several features, including the ability to stake MCADE (staking pool sold out at present) and also the transition to becoming a DAO in late 2024, this is an ideal time to buy MCADE before it catches the emerging bull run.
Find more information, including on how to buy MCADE, here.
Disclaimer: Insights provided by crypto industry players and is not a part of the editorial content of BanklessTimes.
