With bitcoin finally starting to see its price recover following the US banking crisis, those wondering whether to buy Ethereum (ETH) should know that it has had some difficulty keeping up. the rhythm. NOW, Metacade’s MCADE token is about to be listed on decentralized exchanges, such as Uniswap, after a successful pre-sale. So which of these assets might look interesting right now? Does it make sense to switch to Ethereum, or are there better alternatives?
Growing interest in stock market listings MCADE
Interest has grown around the potential of MCADE. Now, with the imminent listing of the native Metacade token on decentralized exchanges (DEX), crypto traders are paying even more attention. This listing on exchanges often has a significant impact on the prices of crypto tokens, due to the additional liquidity they generate in this process.
Metacade is an expected Web3 game platform in the market, and the MCADE token will be at the center of the economy of this ecosystem. The MCADE token is what will allow members of the Metacade community to share the revenue earned by the platform in various ways. This includes advertising, job offers, tournaments with cash prizes and paid arcade games.
The benefits of getting involved in a project that shares real revenue with token holders are significant. Moreover, these holders are vastly different from dApps investors like those who want to buy Ethereum. This is why traders are more and more inclined to consider MCADE as an interesting cryptocurrency.
What is Metacade?
Metacade is an evolving Web3 gaming platform and community. In addition, the funds from the presale that has ended will allow them to build their strategy. After being listed on DEXs such as Uniswap and having found its place on various CEXs, the first developments around Metacade can begin.
A universal meeting place will be at the center of the Metacade platform. It will bring players and developers together in one arcade. This, in order to collaborate and develop the future of games on the Web3. Ultimately, the idea is to use the MCADE token to enable Metacade to operate as a Decentralized Autonomous Organization (DAO).
How does MCADE work in Metacade?
MCADE tokens will be used as currency for multiple aspects across Metacade. This includes Compete2Earn features where players can participate in gaming tournaments, using MCADE tokens to register.
Staking is also possible. Users have the opportunity to earn rewards through MCADE staking. In addition, the latter are paid in MCADE tokens. Staking rewards will come from the various revenue streams generated by Metacade. Although it may seem counterintuitive at first glance, it will be interesting for holders. Indeed, there will be no dilution of MCADE tokens over time. This is due to the increase in supply with reward payouts.
Metacade plans to transform into a DAO by the end of 2024. This will involve Metacade distributing roles to the Metacade community. Additionally, the MCADE token will help enable governance of the DAO. This will include granting MCADE token holders the ability to vote on Metagrants. Especially for new games developed exclusively for the Metacade platform.
Besides, Ethereum also has a staking system. However, anyone looking to buy Ethereum should understand that it is not set up in a way similar to Metacade. Indeed, revenues denominated in stablecoins are shared directly with token holders at Metacade. Instead, ETH is used for rewards, which can be sold on the market.
What future for MCADE in 2023?
Most of the attention lately has been on bitcoin due to its potential protective role against the problems of the banking crisis in the United States. However, this situation could change as the cryptocurrency bull market continues and alternative crypto assets gain prominence.
Thanks to Metacade’s revenue sharing, MCADE should become an attractive offering heading into 2023. A dividend-paying crypto asset is uncommon, especially one that does not pay rewards in its own token. The imminent listing of MCADE on Uniswap and other well-known exchanges could play a major role in helping more crypto traders get to know Metacade’s MCADE token.
What about Ethereum?
Anyone who has decided to buy Ethereum in the past few months may be eager to look to another alternative. Many traders bought Ethereum to take advantage of the switch to Proof-of-Stake (PoS) with The Merge. But now that it has happened, there is no strong indication of the impact it will have on the future of this platform.
Storytelling is essential in the cryptocurrency market, and it is a primary requirement for finding an interesting cryptocurrency today. Due to its early stage of development and the potential it has to bring Web3 gaming revenue to its holders, MCADE might well be an attractive option for new cryptocurrency investors wondering which cryptocurrency to turn to.
Metacade’s MCADE token is already available here.
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