Hong Kong recently made crypto market news headlines as the government outlined a plan to let retail investors trade digital tokens, such as Bitcoin and Ether, as it vies with Singapore to become the world’s leading digital asset hub. Hong Kong received a further boost, with more than 20 crypto companies stating their intention to set up operations in Hong Kong city in response to a crackdown from US regulatory bodies.
Meanwhile, analysts wonder whether the upcoming massive crypto investment in Hong Kong could impact token sales of a new cryptocurrency project that continues to make crypto market news headlines in the early months of 2023, Metacade. Its native MCADE token is to be listed on exchanges in April and May this year, having already been listed on Uniswap.
What is Metacade?
Metacade states grand ambitions to reshape the blockchain landscape by building the largest play-to-earn (P2E) gaming arcade, enabling gamers to generate income while pursuing their passion, gaming. The platform aims to achieve this goal by creating a vibrant community of gamers, developers, and crypto fans. To that end, Metacade will cater to a vast range of gaming styles, increasing the platform’s total addressable market (TAM), building a truly extensive selection of gaming titles, and ensuring the broadest possible appeal to gamers and investors alike.
As Metacade’s technical releases roll out and the project gains greater recognition within the mainstream, the user base is expected to grow exponentially. To use Metacade, all users will need the MCADE token to give access to the rich suite of features and deliver exceptional utility. This wide-ranging utility has already attracted many investors which made MCADE a popular crypto during its presale event, capturing the imagination of investors and crypto market news outlets.
Metacade’s recently released whitepaper has gained plenty of praise from experts within the crypto market due to how it showcases comprehensive plans for the platform and demonstrates the meticulous decision-making skills that underline the expertise of Metacade’s team. For example, the comprehensive rewards system goes beyond the GameFi standard by delivering income streams for users outside the regular P2E mechanism through social contributions to the platform.
The high level of utility locked into the MCADE token alone makes it an attractive proposition. However, the platform’s transition to becoming a fully-fledged decentralized autonomous organization (DAO), planned for 2024, will deliver governance rights to token holders, thus making MCADE an even more desirable crypto investment.
How does MCADE work?
MCADE is the primary currency powering Metacade’s entire ecosystem, from providing the stimulus for the comprehensive rewards scheme to enabling transactional exchanges on the platform, such as buying merchandise or entering online tournaments. Metacade has limited the supply of tokens to just 2 billion, suggesting that buying pressure will increase as the user base grows.
In addition, MCADE will fuel one of Metacade’s most pioneering schemes, Metagrants. This program incentivizes developers to apply for crypto funding to support their ventures to design exciting new games exclusively for Metacade. As part of the devolution of governance powers to token holders, those holding MCADE coins vote on their favorite proposals, which go into production with the support of a grant from the platform’s central treasury.
As well as supporting innovation within Metacade’s community, which can help launch users’ careers via the platform’s jobs board, these MCADE coin-supported projects are likely to push the art of the possible within broader Web3 development help Metacade become a standard bearer for the burgeoning GameFi sector.
How high can MCADE go?
The MCADE token presale event caught the imagination of crypto market news outlets and investors alike, raising almost $16.4 million in double-quick time and ultimately selling out. MCADE recently listed on the Uniswap exchange at $0.022, significantly higher than its beta presale launch price of $0.008. Experts expect MCADE to continue to push forward, making more gains in the coming weeks and months.
Several predictions suggest that MCADE could hit $0.50 by the end of 2023, representing more than 20x returns for investors that get onboard during the early days of the token’s public listing.
Is MCADE a good crypto investment?
There are several signs that MCADE will prove to be an excellent potential crypto investment for the savvy investor in the coming months and years. Along with the rich list of features that will be rolled out between now and the end of the year that will unlock much of the utility held within the MCADE token, the transition toward community-led governance is expected to push price pressure up.
In addition to the successful listing on Uniswap and recent partnership with the innovative and experienced MetaStudio, imminent listings of MCADE on Bitmart in April and MEXC in early May will expose MCADE to an even greater audience, prompting a surge in demand for the remaining available tokens from investors eager to capitalize on the platform’s exciting vision for the future.
With the platform in its infancy and positive crypto market news, such as the exciting support for crypto investment by Hong Kong intended to push itself forward as a leading digital asset hub, the sky truly is the limit for MCADE. To get updates on when Metacade lists on new crypto exchanges, keep an eye on Metacade’s Twitter page to avoid missing out on this outstanding crypto investment opportunity.
You can buy MCADE here.
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