FTX Crypto Crisis Explained – Read How You Can Cut Your Losses With Metacade (MCADE)
The world of cryptocurrency is still reeling from the shock of the collapse of the world’s second-biggest crypto exchange, FTX, in November 2022. After an $8 billion black hole was found in FTX crypto’s balance sheets, the giant was forced to apply for bankruptcy in US courts. FTX crypto founder Sam Bankman-Fried was recently submitted to extradition to the US, where he will face eight separate charges of fraud, money laundering, and other financial impropriety.
With Bankman-Fried facing a maximum of 115 years in jail if found guilty of his FTX crypto sins, investor confidence is understandably shaky. However, there are new crypto projects with which investors can mitigate their losses. Metacade is one such project that has captured investors’ imagination, with the beta presale phase raising $1 million in just over three weeks as it sold out. Metacade looks like a robust choice for investors looking to limit their losses from the FTX crypto scandal.
What is Metacade?
Metacade is setting itself up to become a central community hub, home to the world’s first virtual blockchain-hosted gaming arcade. Built on the Ethereum blockchain, Metacade integrates cutting-edge Web3 technology to provide gamers with an expanding range of play-to-earn (P2E) titles, designed by talent drawn from across the metaverse.
The platform has an all-encompassing roadmap, which can be viewed on its white paper. These plans include the introduction of a unique initiative – Metagrants – in Q3 of 2023 to support the development of new Metacade-exclusive titles. There are further plans to establish a jobs board in Q1 of 2024 and transition into a DAO by the end of Q4 2024.
This exciting transition to becoming a DAO will see prominent roles within the platform being filled by community members, with every holder of MCADE tokens, Metacade’s native coin, having voting rights on governance issues and helping to dictate the community’s future direction.
How does Metacade work?
Metacade’s primary focus is on the P2E titles within its library of games. However, users have several other opportunities to earn revenue. For example, users earn rewards by interacting with the community through knowledge or alpha sharing, writing game reviews, and other social interactions. Meanwhile, the more serious gamer can use their MCADE tokens to enter regular prize draws and tournaments, with lucrative bonuses on offer.
This is all funded by the platform’s vast array of revenue-generation schemes. These include many pay-to-play titles, similar to those found in a real-life video arcade, and selling advertising space to external companies. In addition, external companies will be encouraged to invest in Metacade through the launchpad initiative where companies can pay to release their own titles on the platform.
As well as facilitating the earning side of the platform, this funding also goes towards Metagrants, an innovative program designed to encourage and help game developers. Developers can submit gaming proposals to the community for consideration. MCADE token holders will be able vote for those proposals they want to see hit the platform, and the chosen developers receive a Metagrant to help fund their projects into reality.
Is Metacade a sound investment?
Metacade is an excellent option for investing in the growing GameFi crypto industry. With GameFi set to continue growing exponentially over the coming years, Metacade is well-placed to lead the revolution and set high standards within the industry, directly offering utility as opposed to the FTX crypto offering which ultimately proved worthless.
While investors are understandably nervous after the FTX crypto crash in November 2022, Metacade’s roadmap and transparency offer reassurance to those thinking about getting involved. For example, Metacade has submitted its specs, team chart and plans to CertiK for a full audit. This ensures that the platform’s coding does exactly what it’s supposed to, as well as offering security and mitigating common risks through remedial actions.
Unlike several other GameFi platforms, which are reliant on one, or a limited number of USPs, Metacade has multiple points of entry for interested gamers and developers. The platform will continue to evolve and reinvent itself with the regular release of new titles, maintaining members’ interest and providing leftover FTX crypto investors with the longevity that is lacking in many other projects.
How to take part in the MCADE presale
With the beta presale MCADE tokens selling out in a little over three weeks, interested investors have missed out on the chance to maximize their profits by purchasing MCADE at its lowest presale value of $0.008.
However, the opportunity for profit remains with the token currently in its 1st presale phase, valued at $0.01 each. With nine presale rounds and the price of MCADE increasing with each phase to an eventual level of $0.02, investors that get in quickly can still make excellent returns on their initial investment before the presale closes.
You can participate in the MCADE presale here.
The post FTX Crypto Crisis Explained – Read How You Can Cut Your Losses With Metacade (MCADE) appeared first on Analytics Insight.
The world of cryptocurrency is still reeling from the shock of the collapse of the world’s second-biggest crypto exchange, FTX, in November 2022. After an $8 billion black hole was found in FTX crypto’s balance sheets, the giant was forced to apply for bankruptcy in US courts. FTX crypto founder Sam Bankman-Fried was recently submitted to extradition to the US, where he will face eight separate charges of fraud, money laundering, and other financial impropriety.
With Bankman-Fried facing a maximum of 115 years in jail if found guilty of his FTX crypto sins, investor confidence is understandably shaky. However, there are new crypto projects with which investors can mitigate their losses. Metacade is one such project that has captured investors’ imagination, with the beta presale phase raising $1 million in just over three weeks as it sold out. Metacade looks like a robust choice for investors looking to limit their losses from the FTX crypto scandal.
What is Metacade?
Metacade is setting itself up to become a central community hub, home to the world’s first virtual blockchain-hosted gaming arcade. Built on the Ethereum blockchain, Metacade integrates cutting-edge Web3 technology to provide gamers with an expanding range of play-to-earn (P2E) titles, designed by talent drawn from across the metaverse.
The platform has an all-encompassing roadmap, which can be viewed on its white paper. These plans include the introduction of a unique initiative – Metagrants – in Q3 of 2023 to support the development of new Metacade-exclusive titles. There are further plans to establish a jobs board in Q1 of 2024 and transition into a DAO by the end of Q4 2024.
This exciting transition to becoming a DAO will see prominent roles within the platform being filled by community members, with every holder of MCADE tokens, Metacade’s native coin, having voting rights on governance issues and helping to dictate the community’s future direction.
How does Metacade work?
Metacade’s primary focus is on the P2E titles within its library of games. However, users have several other opportunities to earn revenue. For example, users earn rewards by interacting with the community through knowledge or alpha sharing, writing game reviews, and other social interactions. Meanwhile, the more serious gamer can use their MCADE tokens to enter regular prize draws and tournaments, with lucrative bonuses on offer.
This is all funded by the platform’s vast array of revenue-generation schemes. These include many pay-to-play titles, similar to those found in a real-life video arcade, and selling advertising space to external companies. In addition, external companies will be encouraged to invest in Metacade through the launchpad initiative where companies can pay to release their own titles on the platform.
As well as facilitating the earning side of the platform, this funding also goes towards Metagrants, an innovative program designed to encourage and help game developers. Developers can submit gaming proposals to the community for consideration. MCADE token holders will be able vote for those proposals they want to see hit the platform, and the chosen developers receive a Metagrant to help fund their projects into reality.
Is Metacade a sound investment?
Metacade is an excellent option for investing in the growing GameFi crypto industry. With GameFi set to continue growing exponentially over the coming years, Metacade is well-placed to lead the revolution and set high standards within the industry, directly offering utility as opposed to the FTX crypto offering which ultimately proved worthless.
While investors are understandably nervous after the FTX crypto crash in November 2022, Metacade’s roadmap and transparency offer reassurance to those thinking about getting involved. For example, Metacade has submitted its specs, team chart and plans to CertiK for a full audit. This ensures that the platform’s coding does exactly what it’s supposed to, as well as offering security and mitigating common risks through remedial actions.
Unlike several other GameFi platforms, which are reliant on one, or a limited number of USPs, Metacade has multiple points of entry for interested gamers and developers. The platform will continue to evolve and reinvent itself with the regular release of new titles, maintaining members’ interest and providing leftover FTX crypto investors with the longevity that is lacking in many other projects.
How to take part in the MCADE presale
With the beta presale MCADE tokens selling out in a little over three weeks, interested investors have missed out on the chance to maximize their profits by purchasing MCADE at its lowest presale value of $0.008.
However, the opportunity for profit remains with the token currently in its 1st presale phase, valued at $0.01 each. With nine presale rounds and the price of MCADE increasing with each phase to an eventual level of $0.02, investors that get in quickly can still make excellent returns on their initial investment before the presale closes.
You can participate in the MCADE presale here.
The post FTX Crypto Crisis Explained – Read How You Can Cut Your Losses With Metacade (MCADE) appeared first on Analytics Insight.
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