2023-1-15 15:13 |
How quickly the tables turned. At one stage, it looked like Binance was going to be the hero, the shining white knight arriving to single-handedly save FTX and the crypto market in general. But then things started to turn sour. Within 24 hours, Binance announced it was pulling out of the rescue deal, and the FTX crash happened, and … well, you know the rest. Worse was to follow: a month later, Binance had to act to reassure the market after excessive withdrawals led to fears of a bank run.
A fearful market, a reluctance to invest, impending regulation, low transaction volumes, and more bank runs – all of these issues could spell trouble for Binance in the aftermath of the FTX crash. However, there is some light amidst the gloom, especially in emerging sectors like play-to-earn (P2E) and GameFi. One such example is Metacade (MCADE), an exciting new company that is merging metaverse, arcade games, finance and cryptos. Read on for more about this bright spot.
What is Metacade?Metacade (MCADE) is all about the future but also the past. From the future, the most advanced metaverse and virtual video arcade games based on Web3 technology. From the past, all the classic arcade games that enchanted a generation. Metacade (MCADE) fuses together the past and future to offer P2E players, game developers, and crypto fans the ultimate GameFi experience. Now in 1st stage of its presale, Metacade (MCADE) is ready to set the P2E world on fire.
Metacade FunctionalityMetacade (MCADE)’s goal is to become the ultimate Web3 community hub for all players in the crypto gaming industry. Its captivating mix of traditional and modern games unites different types of users and offers each segment the chance to connect with each other and generate revenues:
Blockchains gamers can earn from 4 key areas: Play2Earn (P2E games), Compete2Earn (competitions and tournaments), Create2Earn (create content), and Work2Earn (game testing and other job opportunities) Game designers and developers can test new developments, launch and market new games, run competitions, engage with players, and hire new staff Crypto enthusiasts can stake MCADE tokens and use them as an investment opportunity.It’s worth spelling out here how Metacade (MCADE) itself earns revenues because, in time, the company plans to embrace a community-based model, where all those who helped to create the company are rewarded with a share of the profits. Revenues streams include pay-to-play games, advertising, hosting product launches, entry fees from competitions and tournaments, plus payments for recruitment advertisements.
The company also features Metagrants, an innovative scheme that provides funding for designers to develop the next generation of games for the Metacade platform. MCADE holders will vote on game proposals, and the winner will receive funding to bring their game to life.
All in all, Metacade (MCADE) is a very welcome piece of positive news in a media currently dominated by negative stories about the FTX crash.
Is MCADE a better investment than BNB?Binance’s deep ties with FTX have had an impact on the value of its native token, BNB. Aside from the fact that Binance was an early investor in FTX, the company also considered buying FTX and providing desperately needed funding to honor customer withdrawals. But Binance ended up backing out of the deal, stating FTX had “mishandled customer funds.” Unfortunately, the relationship between FTX and Binance negatively impacted the value of BNB – causing it to lose almost 20% within a few short weeks – even though Binance didn’t end up acquiring FTX and its associated debts.
When you factor in these considerations, Metacade (MCADE) genuinely starts to become a better investment prospect in comparison to a post-FTX crash Binance (BNB) token. The highly competitive presale price means that investors can secure an early mover advantage. Metacade (MCADE)’s target markets of P2E and GameFi are set to reach record highs in 2023. And its visionary long-term plans include becoming the world’s #1 crypto gaming community.
Continuing on this theme, one of the charges made after the FTX crash was that the company had too much power in too few hands. Metacade (MCADE) addresses this issue with its commitment to becoming a full DAO. All members of the Metacade community will enjoy governance rights, plus a say in how the company is run. Further security is provided in the form of a full Certik audit to help ensure investor safety.
Added together, these considerations are another reason why Metacade (MCADE) represents such a fine investment. But just for those investors who focus solely on numbers, know this: many crypto experts are already predicting potential 100x gains in 2023.
Should you invest in MCADE?Given the vast potential of the GameFi market, Metacade’s fantastic business proposition, the fact that the presale has already raised over $1.5m, analyst predictions of a potential 100x return in 2023, plus the opportunity to avail of an excellent presale price, there can only be one answer to the question “should you invest in MCADE?” A loud and definitive YES, especially when seen against the issues and potential bank runs faced by Binance in the aftermath of the FTX crash.
Speed is of the essence, however. The Metacade (MCADE) presale is selling out fast, so act now to make sure you secure the most competitive price.
You can participate in the Metacade presale here.
The post Crypto Community Members Discuss Bank Run On Binance After FTX Crash – Here Is Why You Should Go For Metacade (MCADE) appeared first on Invezz.
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