- The ongoing fallout from the FTX bankruptcy in late 2022 continues with the recent news that FTX’s affiliate Alameda Research has sued Grayscale Investments, alleging that the digital asset manager at Grayscale was, “enriching itself at shareholders’ expense.”
- Alameda crypto filed its lawsuit with a Delaware court at the beginning of March in a move likely to further stress test the robustness of crypto markets.
Investors seeking a safe crypto investment have responded by flocking to the new blockchain gaming platform, Metacade.
Why the Alameda crypto legal battle is good news for Metacade
Grayscale Investments are no strangers to legal challenges after suing the US Securities and Exchange Commission in 2022 after the SEC rejected Grayscale’s proposal to convert the Grayscale Bitcoin Trust (GBTC) into an exchange-traded fund (ETF).
Alameda contends that Grayscale charges far greater fees than those typically paid to advisers on crypto ETFs and that Grayscale refuses to allow investors to redeem their shares from its crypto-focused trust. As a result, Alameda is suffering, “hundreds of millions of dollars in harm” due to Grayscale’s actions.
As a result, investors are turning away from any uncertainty due to this dispute by flocking to safe, secure investments, such as Metacade’s exciting new Ethereum-based GameFi platform. The presale phase of the native MCADE token sale is generating astonishing levels of momentum that look set to catapult Metacade into the public consciousness when the coin lists on exchanges which is making Metacade such an attractive crypto investment.
Can MCADE reach $1 in 2023?
As the legal battle rages between Alameda crypto and Grayscale, Metacade is quietly accumulating funding through its presale event, which has captured the imagination of canny investors in the know. After launching its presale in Q4 2022, MCADE has raised a staggering $14.2m in just 18 weeks.
With the value of the MCADE token rising throughout the presale to an eventual value of $0.02 during the ninth and final stage, excitement is building at the prospect of how the coin could erupt when it hits the public consciousness, supporting analyst predictions that $1 is not out of the question for this exciting GameFi coin.
What is Metacade?
Metacade is an online virtual gaming arcade that will bring gaming enthusiasts and crypto fans together in one place to make the most of the world’s largest selection of play-to-earn (P2E) games. It aims to grow the most extensive gaming community in the blockchain gaming sector by offering its members access to a comprehensive and unrivaled rewards system beyond anything currently offered by GameFi platforms.
For example, members are incentivized to contribute to the building of the community through rewards every time they post social content onto the hub. This can be in the form of game reviews, alpha sharing, and contributions to online forums and live chats. Meanwhile, members can stake tokens via the Compete2Earn program, which offers entry into online tournaments and prize draws each time they stake tokens.
How does MCADE work?
The MCADE token is an ERC-20 token that offers excellent functionality and the reassurance of security that comes with an Ethereum-mined coin. MCADE is the native medium of exchange on the platform, used to gain access to pay-to-play games and to buy merchandise. This is one way the Metacade community contributes revenue to help the upkeep and development of the platform. At the same time, external funds are raised through the sale of advertising space for external gaming studios to release their games on Metacade, and to advertise job vacancies on the hub.
To further assure MCADE’s viability as an excellent crypto investment option, Metacade submitted its team and project coding for review by the rigorous CertiK audit, receiving full approval and verification. This will aid MCADE’s eventual transition from a coin that offers excellent utility to one that becomes an outstanding utility and governance token, as Metacade aims to become a complete DAO by the end of 2024.
MCADE: A GameFi pioneer
Among the pioneering and exciting features available on Metacade, the best is the innovative Metagrants program. Developers are encouraged to apply for financial support to aid the creation of exciting new P2E games exclusively for Metacade’s platform.
Each idea submitted goes into a pool, which is presented to the MCADE community for voting. Those ideas that gain the most votes go into development with the support of a crypto funding grant and the full support of the MCADE community. The Metagrants scheme is a crucial facet of Metacade’s plan to empower their community while simultaneously propelling Metacade to the vanguard of the GameFi movement.
Is Metacade a good investment?
As investors await the fallout of the Alameda crypto challenge to Grayscale, Metacade is showing a lot of promise as a compelling and secure crypto investment opportunity during its fast-selling presale event.
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With MCADE tokens currently available at the discounted price of $0.02 for a very limited time, the scramble to pick up this outstanding utility token at a low price is picking up pace. With Metacade looking set to become an excellent crypto investment opportunity for 2023 and the longer term, investors are being encouraged to get involved while tokens last during the presale to avoid missing out on the chance to maximize their gains before the end of the year.
You can participate in the Metacade final stage presale here.
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