After the highs of 2021, 2022 turned into a more challenging year for cryptocurrencies, with price falls in Q1 of 2022 settling into a longer-term cooling period known as a “crypto winter.” This cooling trend has lasted most of the year after a series of high-profile blows.
The crypto winter of 2022 isn’t the first time crypto markets have suffered significant price falls. The first crypto winter occurred in 2014, with another following three years later. Many experts believe this current cooling to be part of the cyclical nature of markets rather than a protracted ice age. However, experts agree that any return to 2021 highs looks a long way off.
One new crypto project that is bucking the trend and looking like a wise investment opportunity is Metacade. The recent Metacade beta presale phase sold out in just over three weeks, with more than $1 million raised. Here’s why MCADE could be the ideal opportunity for investors during the current cold snap.
What is Metacade?
Metacade is the metaverse’s first virtual gaming arcade designed to offer gamers the broadest selection of play-to-earn (P2E) gaming titles anywhere in the GameFi market. The platform is hosted on the Ethereum blockchain and uses cutting-edge Web3 technology to give metaverse gamers something entirely new in GameFi.
The platform’s wide-ranging plans, found in its whitepaper, outline several potential ways for users to earn money while interacting with the community alongside the principal P2E mechanism. This includes the Create2Earn initiative, where users are rewarded for writing game reviews, sharing knowledge, and other social interactions, and eventually Work2Earn opportunities through its Web3 jobs board.
Metacade’s ultimate goal is to become a fully-fledged DAO, a process beginning in Q2 of 2023 and concluding in Q4 of 2024, with all key roles and positions within the business handed over to community members.
How Metacade works
Metacade will replicate the fun and excitement of a real-world video arcade for most users, allowing them to experience the joy of gaming and socializing with the community while earning crypto rewards, all from the comfort of their homes. However, in addition to this and the other revenue-earning opportunities available to gamers, Metacade takes a deeper dive into the gaming world.
This deep dive will begin in Q3 of 2023 with the release of Metagrants, a source of funding available to game developers to encourage them to release unique titles on the platform. Developers submit game proposals voted on by MCADE holders, with the most popular receiving approval to go into development and become a reality. The first Metagrants will be awarded in Q3 of 2023, and the first Metagrant-funded game will launch in Metacade in Q1 of 2024.
MCADE tokens underpin the entire workings of the platform and its community. Furthermore, Metacade has several different income streams planned to provide the steady flow of revenue required to make it a self-sufficient ecosystem.
These income streams include pay-to-play arcade titles, similar to those found in real-world video arcades, and user entry fees to enter prize draws and gaming tournaments. In addition, Metacade will sell advertising space and allow external gaming companies to pay to release games on the platform. Eventually, there will also be a paid opportunity for Web3 businesses to post job adverts on the platform’s careers board.
What makes Metacade a good investment?
Metacade stands apart from other GameFi platforms breaking into the metaverse gaming space. Instead of a minimal range of titles available for users, Metacade’s vast array of games will keep existing gamers flocking back to the community while attracting new fans through the regular release of additional exciting titles.
This growth potential has all the hallmarks of making Metacade the GameFi industry’s leading Web3 gaming platform and provides investors with the assurance of longevity that most other platforms lack.
Metacades plans to become a fully-fledged DAO to offer further reassurance to investors. The platform’s future will be decided democratically by members in the best interests of those that use the platform.
The speed at which Metacade’s beta presale phase sold out – raising more than $1 million in just over three weeks – illustrates the fiery potential around Metacade as a new crypto investment. Even though the overall market is experiencing a crypto winter, Metacade is just starting to heat up.
How to buy Metacade in presale
Metacade is currently in presale phase 1, priced at $0.01 per token. Even if investors missed out on the opportunity to maximize profit from the beta presale price of $0.008 per token, the token is still undervalued and could stand to make some incredible gains for investors.
MCADE tokens can be purchased through the Metacade website using Ethereum (ETH) or Tether (USDT) coins. Click on the ‘Buy Now’ button on the Metacade homepage, link to the DEX, and exchange your ETH or USDT coins for MCADE.
For more details on how to buy MCADE presale tokens and find out why thousands of investors have already done the same, click here.
The post Will My Investments Ever Recover From Crypto Winter? – Here’s Why Metacade (MCADE) Could Be a Good Opportunity appeared first on The Home of Altcoins: All About Crypto, Bitcoin & Altcoins | Cointext.com.