Metacade Review: A Blockchain-Based Gaming Platform
Metacade is a GameFi platform fostering the interaction between gamers and Web3 developers. It offers a harmonious blend of engaging gameplay, token rewards, and interactive dialogue.
Is Metacade Legit?
Metacade has attained official status in a widely-recognized offshore zone and maintains transparency regarding its details.
- Year of Registration: 2022
- Place of Registration: Belize
- Office Address: 3301 Cheturnal Street, Belize City
- Blockchain: Ethereum
Moreover, the identities of all the founders along with their social media profiles are openly available. They maintain verified and active pages on Linkedin, Telegram, Instagram, and other platforms.
While some might question the choice of the founders to register in an offshore jurisdiction, it has become a prevalent modus operandi for a multitude of crypto initiatives.
Metacade Crypto
The Metacade platform has its native ERC-20 token—MCADE. This token facilitates the functioning of the platform and serves to reward its users. It's also envisioned to function as the internal currency for organizing gaming events, such as tournaments and lotteries, and for staking.
MCADE holders can vote on which games, submitted by developers, should receive Metagrants funding.
According to the roadmap, this scheme is set to launch in Q3 of 2023. When it becomes operational, creators of the most engaging arcade games, as decided by user votes, will be awarded development grants. Following a testing phase in 2024, these games will earn their spots on Metacade.
Market Indicators for MCADE
Total Supply: 2 billion MCADE
Circulating Supply: 902,370,000
Daily Trading Volume: $188,042
All-time High: $0.04202 (May 3, 2023)
All-time Low: $0.0068 (August 17, 2023)
The token is already listed on Uniswap and BitMart exchanges, and is undergoing moderation procedures before listing on ExMarkets.
Tokenomics of MCADE Source: metacade
1.4 billion MCADE were reserved for pre-sale events, and another 200 million are in the developer pool. The remaining 20% of assets are allocated for marketing purposes and DEX liquidity.
At the time of writing this article, the token isn’t faring particularly well. When analyzing this asset, consider fundamental factors like the balance of supply and demand, adherence to the roadmap, tokenomics, etc.
Metacade News
The founders of Metacade have set the project’s objective as creating a self-sustaining community that can provide income to blockchain gamers and developers. To realize this vision, a series of games with premium subscriptions have already been introduced. Nevertheless, for those wishing to explore the possibilities of the platform, complimentary arcades are also available.
Currently, Metacade's game selection is limited. Source: metacade
The platform is poised to soon feature Flight Force 4, a multiplayer first-person shooter set in a cosmic theme.
However, all currently available games are from partner developers. The hosting of applications created by Metacade community members is not anticipated until 2024.
Around the same time, the ability to stake MCADE will be initiated, with the rewards intended to be distributed in stablecoins to reduce the number of tokens in circulation, thereby shielding them from substantial inflation.
If the founders can captivate a substantial number of game developers, Metacade has the potential to evolve into a successful project, and Metacade's cryptocurrency could find itself aligned with assets that hold considerable investment appeal.
