Learned by 43 usersPublished on 2024.04.02 Last updated on 2024.12.03
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In the rapidly evolving landscape of the cryptocurrency and gaming sector, Metacade emerges as a standout project. This decentralised gaming platform serves as a community hub for gamers and crypto enthusiasts alike, aiming to reshape the traditional community gaming model into a vibrant, engaging, and interactive environment. With a focus on Web3 culture, Metacade provides an inclusive virtual hangout spot facilitating connection, collaboration, and enjoyment of gaming while leveraging the benefits of blockchain technology.
Metacade refers to a unique platform that seamlessly blends entertainment with blockchain technology, providing users with opportunities to earn rewards through their engagement and participation. This first-of-its-kind community arcade not only hosts an array of Play-to-Earn (P2E) games but also fosters social interactions among users, which are crucial in the evolving GameFi landscape.
Play-to-Earn (P2E): Users can earn MCADE tokens by actively participating in games, making gameplay economically rewarding.
Create-to-Earn: Users are incentivised to share knowledge and experiences by producing social content, writing reviews, and offering tips related to gaming, rewarded in MCADE tokens.
Compete-to-Earn: Gamers can stake their MCADE tokens to participate in various online competitions and enter prize draws.
Metagrants: Supporting innovation within the community, this funding programme allows users to vote on which game development projects should receive financial backing.
While specific information regarding the creator of Metacade is limited, it is acknowledged that the project is driven by a dedicated team committed to redefining the gaming experience. This group of industry professionals and developers aims to give players true ownership and agency over their gaming experiences while fostering a strong community.
Details about specific investors or foundational support for Metacade are not explicitly provided in the available information. However, the platform has successfully captured interest from various facets of the gaming and cryptocurrency communities, contributing to its substantial fundraising efforts during its presale.
Metacade functions based on a self-sustaining model, placing power directly in the hands of its users. By harnessing blockchain technology, the platform creates a rich and interactive environment where gamers can come together, exchange ideas, and engage in various monetised activities.
Decentralisation: The platform's governance model allows users to participate in decision-making, ensuring that community interests are prioritised.
Deflationary Tokenomics: MCADE tokens are managed through an innovative algorithm designed to carefully regulate the circulating supply, potentially benefiting token holders by promoting scarcity.
Staking Mechanism: Users can stake their tokens, which not only contributes to the network’s security but also provides incentives in the form of rewards.
Community Engagement: Contributors who offer valuable content reap rewards weekly, encouraging active participation and shared learning within the community.
Referral Rewards: Users can earn additional MCADE tokens by introducing the platform to new users, fostering organic community growth.
Participatory Governance: The Metagrants programme enables MCADE token holders to vote on funding for game developments, aligning funding choices with community interests.
The journey of Metacade has been marked by several key milestones that highlight its growth and ambition:
2023: Metacade successfully completed its presale, raising over $15 million, signifying strong community interest and support.
April 2023: The MCADE token made its Initial Exchange Offering (IEO) debut on a decentralised exchange, marking an important step in its launch.
Q1 2024: Plans are underway to launch a job board featuring Web3 job advertisements, solidifying Metacade’s commitment to supporting career advancement within the gaming industry.
2024: A transition to a decentralised autonomous organisation (DAO) governance model is anticipated, further enhancing community ownership and participation.
Metacade presents a groundbreaking initiative within the Web3 and gaming sectors, introducing an all-encompassing platform that caters to the needs of gamers and crypto enthusiasts. By integrating various earning mechanisms such as Play-to-Earn, Create-to-Earn, and Compete-to-Earn, it is distinctly positioned to transform how consumers interact with digital gaming.
In essence, Metacade not only provides avenues for entertainment but also democratises gaming for its community, allowing them to influence the direction of the platform through their engagement and participation. This pioneering approach to GameFi establishes Metacade as a vital player in the future of blockchain-based gaming, underscoring the shift towards a more inclusive and rewarding gaming experience for all.