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Staking crypto is a common concept in the cryptocurrency world, but what exactly does it mean? For those new to the crypto world, staking refers to the practice of locking up tokens to ensure the security of a network in exchange for financial rewards.
Undoubtedly, earning passive rewards sounds excellent, but it has just gotten even more exciting with Metacade’s latest staking pool. Read on to discover how investors can generate double-digit returns passively.
Metacade’s new staking pool amasses +400 million MCADE tokens
Metacade staking V2 has taken the crypto community by storm: over 400 million MCADE tokens were staked in only 24 hours. It succeeded the platform’s staking V1, which closed with 250 million MCADE staked for six months for 40% AAR (average annual return rate).
For staking V2, the crypto rewards are calculated at a 25% AAR, and the tokens will be staked for six months. Metacade has also promised other rewards for staking cryptos – such as a lifetime Metacader pass, which provides users early-bird access to upcoming Web3 features.
The announcement also coincides with a brand-new deal with the payments processing platform Transak, which allows investors to buy and stake MCADE tokens with $0 card fees.
Finally, the platform burned 21 million MCADE tokens at the beginning of November. Combined with the excitement of the new staking pool and Transak deal, it is no wonder that MCADE’s price has surged to a multi-week high.
What is Metacade?
Metacade is a community-led gaming platform that allows GameFi enthusiasts to explore and enjoy Web3, taking them one step closer to the Metaverse. The Metacade platform is a hub for game developers, entrepreneurs, gamers, and crypto enthusiasts who wish to mingle and share their ideas, visions, and skills to make Metacade a self-sufficient, community-led platform.
In addition to networking and collaborating with like-minded people, Metacade is a Web3 community hub where gaming fanatics can explore a growing library of games, ranging from already playable ones like Ember Sword, Oxya Origin, and Definity Legend, to upcoming titles that are sparking enthusiasm among crypto gaming lovers.
As already seen, Metacade is more than just a gaming platform – it is a GameFi heaven for those seeking to blend profit opportunities with technology and entertainment. The platform allows users to generate profit in various ways, ranging from crypto rewards for staking to play-to-earn gaming and compete-to-earn, where gamers can test their skills in tournaments and earn rewards.
To capitalize on the many growth opportunities in the booming gaming industry, Metacade has already inked or announced many partnerships with notable industry players, such as Sweat Economy, Metastudio, DeFi Kingdoms, and Metafuse.
A landmark development was also the collaboration with Polygon Labs, a key milestone in the platform’s journey to becoming a leader in GameFi, bridging the gap between Web2 and Web3.
How does Metacade work?
Metacade is a burgeoning revolutionary platform that reshapes blockchain gaming with its native token, MCADE. The token is the backbone of the Metacade ecosystem, fueling everything from gaming to competitions and community engagement.
The mechanics behind the Metacade platform are quite simple: Metacade generates revenue from pay-to-play games, advertising, and entry fees for tournaments and competitions, among others.
Meanwhile, Metacade users can generate revenues and crypto rewards via staking crypto, playing games, winning tournaments, contributing to the platform with reviews, interacting with the community, and sharing alpha.
Metacade token holders can also earn rewards regularly by entering community giveaways and other community-focused events. The developer team behind Metacade has already demonstrated transparency and strong engagement with the community on social media channels by regularly hosting AMAs.
Metacade price prediction
The crypto market is bursting with excitement as the crypto winter seems to be finally over. Investors are buying into big and small projects alike – ranging from big names like Bitcoin and Ethereum to niche players like Metacade.
With the Bitcoin halving event only a few months away, more and more crypto analysts are making bold predictions, most suggesting that Bitcoin will reach $100,000, surpassing its all-time-high price of $69,000 by far. Undoubtedly, this reason alone is strong enough to suggest that a raging bull market could push Metacade, along with other innovators, to unprecedented highs.
Meanwhile, Metacade has plans to collaborate with gaming studios and other service providers as it brings blockchain gaming into the spotlight. From new games to a fresh job board to come in early 2024, the developers have already demonstrated their ability to disrupt and set Metacade apart from its competitors.
Metacade’s new staking pool is expected to further increase MCADE’s market value. As more investors buy and stake MCADE tokens, the overall supply reduces, and the platform becomes more secure.
In fact, the staking pool has already had a positive impact on the MCADE price, keeping it in the green in the past month as of writing. Fortunately, with only $0.007 per token and a disruptive business model, MCADE is still a bargain compared to many other cryptos, suggesting a massive growth potential.
Metacade is where crypto gaming meets profits
Metacade’s launch of the crypto staking V2 protocol has arrived at the right time, as the crypto market is on the verge of a new bull run ahead of the next Bitcoin halving event in early 2024.
With a proven track record of exciting developments, community engagement, and continuous additions to its gaming library, Metacade could be the future of blockchain gaming. Especially with the launch of its mainnet on 28th November.
The new staking crypto capabilities also show that entertainment and profits can go hand-in-hand, blending financial freedom with a virtual hangout for all things GameFi.
With $0 card fees and the fact that it’s already listed on prominent exchanges such as Uniswap, Bitget, BitMart, and Coinstore, Metacade is poised to become a first-class investment in the gaming niche.
To buy Metacade (MCADE), visit the official Metacade website.
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