Metacade (MCADE)

Discover the basics of Metacade and find links to beginner-friendly guides that show you the best way to invest in it.
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Updated: Nov 24, 2022
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About Metacade

What is Metacade?

Metacade is a gaming and metaverse cryptocurrency project that aims to connect gamers and developers in a Web3 community. The platform will allow users to discover the latest Play2Earn games and earn income by playing, competing in tournaments, and providing feedback. Developers will be able to obtain grants directly from Metacade to create new virtual reality arcade games.

How does Metacade work?

Metacade operates on the Ethereum network, which means its an ERC-20 coin. It works by storing transactions on the blockchain. Each time a transaction takes place on the Metacade network, it is recorded and verified by other users known as validators. For their work in verifying transactions, validators are rewarded with a share of the platform’s revenue.

Revenue sharing is a different approach to the way validators are rewarded. Usually, validators are paid in native coins; however, Metacade has chosen to pay them by sharing revenue as a way to decrease the number of coins in circulation.

How is the Metacade network secured?

Metacade operates on the Ethereum blockchain, which uses a proof of stake model. This means other users on the network, known as validators, verify and secure all transactions. To become a validator, users must hold and ‘stake’ a certain number of tokens. This makes the system less prone to security breaches.

In addition to its blockchain, holders of MCADE coins can use wallets to safely store their crypto. Wallets are only accessible by private keys, which are long numbers known only to the owner, thus providing another layer of security.

What is Metacade used for?

MCADE is the native token of Metacade and is used as a means of exchange on the platform. Gaming developers can use MCADE to pay for new creations launched on the network. MCADE is also rewarded to gamers for playing, rating, and reviewing new games.

Metacade is a new project, so its price will likely be volatile. Astute short-term traders can use it to speculate on. Many newer coins often experience large price swings, which provide ample opportunity for knowledgeable traders to capitalise on.

Why does MCADE have value?

The value in MCADE comes in its ability to grow its platform to compete with similar projects such as Starlink and Decentraland. Metacade has a solid roadmap and ambitions of becoming a DAO; however, it is still in the early stages of its timeline and needs to overcome many obstacles.

It does already offer value through its tokenomics. It’s a deflationary coin and the team behind it has plans to reduce the number of tokens in supply through either a burning process or buy backs. Fewer tokens in circulation will increase scarcity, which will effectively increase value.

Who created Metacade?

The team behind Metacade is still growing and presently includes a collection of developers known as ‘Metaheads’. Its head of creative is James Theopane, who leads the rest of the team.

Where can I buy Metacade?

You can buy Metacade on a crypto exchange. An exchange is a marketplace that allows you to sign up, deposit your money, and buy some crypto, just as you would with a stock platform.

Most cryptocurrency brokers allow you to keep the coins you buy in your account. However, you may want to sign up for a dedicated crypto wallet for some extra security.

You can deposit money into a broker or exchange account by a bank transfer or card payment. However, if you prefer to use a different payment method, like PayPal, then your options may be more limited.

Are there any other ways to invest in Metacade?

The simplest way to invest in Metacade is to buy it outright. However, another option is to simply open a crypto account. Crypto accounts are like regular bank accounts and allow you to store a variety of currencies, send and receive payments, earn interest on savings, and spend freely with a credit card.

You can also invest in crypto more generally through a crypto ETF or a crypto fund. These are financial instruments that give you exposure to a group of leading cryptocurrencies more suited to high net worth individuals. Metacade is a new project and is not available in any funds or ETFs.

More about the MCADE price

What is the Metacade price today?

Metacade is in presale, which means it is not trading on any crypto exchanges. It’s presale value is $0.008.

What is the price prediction for Metacade?

The average Metacade price prediction values the coin at $0.1 by the end of 2025. Things like the economic climate, the crypto market as a whole, and it’s ability to grow its platform can all have an impact on the price.

It’s best to take predictions with a grain of salt but you can use expert estimates to help you understand the weight of opinion about a coin.

What is the total supply of MCADE?

The circulating supply for MCADE is unknown at this time as the token is in presale.

Are there any Metacade alternatives?

There are lots of Metacade alternatives and many cryptocurrencies operate similar projects. Metacade is a gaming and metaverse coin and competes with many well known cryptocurrencies. Here’s a selection of the best Metacade alternatives. .

  • Bloktopia. Bloktopia is a metaverse game in a virtual skyscraper.
  • Decentraland. Decentraland is a gaming coin with its own metaverse.
  • Starlink. Starlink is a blockchain-based game set in outer space.

More crypto guides

FAQs

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Sources & references
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Prash Raval
Financial Writer
When not researching stocks or trading, Prash can be found either on the golf course, walking his dog or teaching his son how to kick a… read more.