MCADE P2E token up 28% after listing on Uniswap — will it grow yet? And five reasons to pay attention to the project

The native token of Metacade, a Web3 gaming platform, was listed on the Uniswap exchange. This event followed a successful presale of the asset, which ended on March 31. Next in line is the launch of staking and several other listings, which some experts believe could positively affect the value of MCADE. Let’s look into whether this is the case.

The ultimate Web3 hub: What is Metacade?

Metacade is a Web3 hub for players, developers, and blockchain enthusiasts where they can communicate and collaborate. At the same time, the project team aims to create the largest P2E ecosystem, where users can play a huge number of games and be rewarded for active participation in the platform’s development.

“Our vision is to create a fun and dynamic virtual hangout for like-minded people to enjoy all things GameFi and experience everything that Web3 culture has to offer,” says the official Metacade website.

It is assumed that the following will be available on the platform:

• Games that are currently trending.
• List of leaders.
• Reviews of games and new products.
• The ability to interact with other users online.

Management will be done with the MCADE token. The goal of the project is to “put games back in the hands of gamers,” so users will be able to vote on which games will be funded. And thanks to the variety of games, the plan is to attract players with different interests and skill levels.

In addition, the hub will be able to get up-to-date information on the latest news from the GameFi industry. And users can develop the platform even without being developers. Reportedly, test contributors will be rewarded in MCADE along with limited edition staking options, and for regular users who want to take part in the development of the platform, there will be weekly “side hustles.” These will also be eligible for rewards.

“Our goal is to make Metacade a self-sustainable platform and use the platform to reward the community through an innovative token staking mechanism. We also intend to build a treasury reserve that can be used to develop the strengths of Metacade community and enhance the future of blockchain gaming,” the team said in a statement.

To achieve their goals, the community and the token plan to develop through the following strategies:

• Advertising revenue.
• Job listings.
• Game testing.
• Tournaments/events/prize draws.
• Pay-to-play arcade.
• Launchpad.

However, in order to realize the plan, it needs qualified staff who can lead the project to success. Here’s who’s doing it at Metacade:

• Russell Bennett — CEO.
• Jaes Theophane — Head of creative.
• Andriy Halushka — Lead developer.
• Sayan Banik — Social media marketing.
• Tony Walkin — Head of data.
• Tyler Lange — Principal product designer.

Metacade tokenomics and plans

On March 31, the presale of a token whose total supply equals 2B ended. This is the number of coins that have already been created, minus any coins that have been burned. 70% of the coins were sold during the presale, the remaining coins are distributed as follows:

• 12,5% — marketing and CEX listing.
• 10% — development.
• 5% — DEX liquidity provision.
• 2,5% — competition pool.

As for the development of the ecosystem, the team has posted a roadmap to understand the project’s plans. Here are some of the goals Metacade plans to achieve in the near future.

• Token launch.
• CEX listing drive, Metacade aiming to be on 3–5 top 10 exchanges.
• Create partnerships with established P2E projects.
• Launch a universal or online hangout for all things GameFi and P2E.
• Basic DAO model to develop the community.
• Classic arcade launch.
• MetaGrants.
• Launch the game’s development with the first MetaGrant.
• Create a regular competition schedule for MetaGrants.
• Meta-Launchpad and so on.

In addition, MCADE already provides an asset staking option. On April 7, the process was launched for 24 hours. The maximum number of tokens for placement is 250M, and for this, the creators promise a 40% ARR (average annual return) over six months.

🚨$MCADE STAKING IS NOW LIVE🚨

✅24 HOURS TO STAKE YOUR TOKENS
✅40% AAR OVER 6 MONTHS
✅MAXIMUM OF 250M TOKENS

GO GO GO⬇️
🔗https://t.co/hzXuY3U8hX pic.twitter.com/8P5R8WRtN5

— METACADE (@Metacade_) April 6, 2023

MCADE’s current price

At the moment, the token can only be purchased on one exchange, Uniswap. At the time of this writing, MCADE is trading at $0.0157, which is 28,03% higher than the day before. The maximum value of the token was fixed at $0.0171.

Probably, the value of the asset was affected by the listing on the Uniswap exchange, which took place on April 7, as well as the launch of staking. However, the project does not intend to stop there, and a listing on the BitMart exchange is still planned for April (the exact date is not yet available), and in May, on the MEXC Global exchange. This suggests that the price of MCADE may still rise in the near future.

Is MCADE a good investment?

The company intends to make players feel comfortable in the Metacade ecosystem because the environment will be customized for everyone, taking into account the style of play, experience, and other user preferences. This approach, as well as the reward system and GameFi’s strong market presence, could make the asset attractive to investors.

Besides, when it comes to the Web3 gaming industry, one has to consider the fact that it is one of the fastest-growing segments of the crypto space. Therefore, it is a good place for those who are interested in long-term growth. However, it depends on the project and its prospects.

Speaking of MCADE, the following five advantages are noted:

• Attracted investment during the presale. All investors could have had the same chance to buy tokens at low prices. Demand was high, and the value of the asset ranged from $0.008 to $0.02. According to thecoinrepublic, the project managed to raise $16.35M.
• Listed on the exchanges we mentioned above. There is also a possibility that this addition to the various exchanges will not end there.
• Large collection of P2E games. The authors plan to place a huge number of Web3 games on their platform, which users with different subreddits and skills will be able to play.
• You don’t have to only play to earn more tokens. You can also get new MCADE by participating in various ecosystem programs such as Work2Earn, Compete2Earn, and Create2Earn.
• Metagrants is an initiative thanks to which only the best P2E games will be added to the platform. And some of them will be funded. The owners of MCADE will decide what to support.

Such a range of game features, development, and GameFi prospects could be attractive to investors. Especially given that the pre-sale was a success, there is a chance that things will continue to go well for the platform. So the question becomes: will the asset be able to break the $1 bar? According to experts at bitcoinist, this is quite possible. However, for MCADE market capitalization to cross this threshold, it must be at least $2B.

At the same time, it is worth keeping in mind that such a scenario would be accomplished under ideal conditions. But even if the project will be able to implement everything conceived, it is necessary to take into account external factors as well as the mood of investors. Therefore, despite the fact that the asset has all chances to grow, it has all chances to fall below its current value. We will continue to keep an eye on Metcade.

What do you think of the project?  Do you think it’s a good investment? Write about it in the comments.