Elon Musk is spilling ink after his highly publicized takeover of the Twitter platform, a micro-blogging social network. Musk has been making headlines all the time, from his controversial claims about his expectation that all employees commit to working ‘long hours at high intensity’ to the return of several controversial personalities on the platform.
Elon Musk has long been linked to the crypto meme currency Dogecoin, he even advocates its use as an alternative currency with his Twitter takeover. Musk is also busy with events at the Twitter Towers, it’s unclear what impact his connection to Dogecoin will have on his value. Dogecoin price predictions on the other hand are starting to look bad.
At the same time, a revolutionary new metaverse game project has caught the attention of investors. Metacade was hugely successful during its presale, exhausting its beta phase in three weeks and raking in over $1.5 million in the process.
Why Metacade has he attracted the attention of investors and will the enthusiasm for his presale continue? And what about Dogecoin price prediction? Elon Musk is helping or harming DOGE?
What is Metacade?
Metacade is a brand new blockchain-based game hub that aims to revolutionize and innovate the GameFi market. This is a community hub where gamers and GameFi enthusiasts can meet and play the best play-to-earn (P2E) type titles to earn passive income and get crypto rewards by being social with the platform.
The highlight of Metacade’s community is the platform’s extensive range of P2E titles. These games reward users for completing missions and participating in online tournaments.
Metacade offers more than just P2E options. For example, users can earn money through the Create2Earn program, which rewards players for sharing alpha, helping other users with game knowledge, and writing game reviews.
Other features include the Compete2Earn system, where users participate in the development of the self-contained economy of the metaverse by staking MCADE tokens to participate in regular tournaments and contests, with lucrative prizes up for grabs. IN Q1 2024, a job site will be set up to advance the development of GameFi and Web3 by allowing enthusiasts to apply for positions in the sector, thanks to the Work2Earn initiative which will be launched on the platform
How does Metacade work?
Metacade works thanks to the native currency MCADE which is the basis of the whole ecosystem. The platform is financed by several sources of income such as member stakings. There may also be advertising, compensation from external game companies for posting their titles on Metacade, and compensation for posting external Web3 job postings on the job board.
These revenue streams will ensure the long-term existence of the platform and the groundbreaking Metagrants initiative will enable Metacade to evolve the GameFi industry by providing community members with the opportunity to launch their developer careers on the Web3.
Prospective developers can apply for Metagrants, crypto funding to support the development of new exclusive titles for Metacade. Each request is put to the vote of the Metacade community, allowing members to own the games they want to see on the platform while encouraging innovation in the GameFi sphere.
Developers in return receive funds to create their ideas in VR, while gaining essential experience with GameFi that can help them get into the industry full-time. The program will start in Q3 2023, and the first titles will launch on the virtual arcade platform in Q1 2024.
Why did Metacade benefit from such enthusiasm for the presale?
No project attracts the attention of investors as much as a well-planned and interesting development strategy. the white paper of Metacade fulfills all the conditions. In addition to the important aspect of migrating to a full-fledged DAO by the end of Q4 2024, Metacade’s platform will continue to reinvent itself and evolve with the regular release of exciting new titles.
Metacade thus has long-term potential unlike many other GameFi projects, with a more limited scope. At the same time, Metacade takes security very seriously, the whole project is verified by Web3 auditor CertiK to assure investors that their money is being used wisely.
Thanks to a small project team currently working on platform developments, Metacade can quickly correct possible errors. As Elon Musk is finding out the hard way, trying to do the same at a juggernaut like Twitter is a bit trickier. This makes Metacade an interesting project for investors, especially considering the dogecoin price predictions.
Is MCADE a better investment than DOGE?
Dogecoin has an advantage over Metacade because it is a well-established cryptocurrency. But DOGE suffers from its high value, which limits the possibilities of price growth. This situation and the bizarre ties between a concerned Elon Musk and DOGE keep Dogecoin price predictions down through 2023.
Metacade offers investors an exceptional opportunity to have early access to a currency that will rise throughout its 9 presale phases before experiencing a surge when it is on decentralized exchanges. MCADE’s presale value looks undervalued, meaning long-term investors can make significant gains from 2023.
MCADE is still on presale and is currently valued at $0.01. The value will increase to $0.02 by the end of the presale, the sooner investors add MCADE to their cryptocurrency portfolio, the better the likely earnings will be.
You can buy Dogecoin at eToro here.
You can participate in the presale MCADE here.