As Canada fights Bitcoin mining, Play-to-Earn cryptos like Metacade are gaining popularity

Canada has become the latest country to crack down on Bitcoin mining with the news that the city of Quebec wants to stop selling cheap power to crypto miners in response to rising global energy prices. Government-owned Hydro-Quebec recently asked the provincial regulator to reallocate the 270 megawatts of energy previously set aside for Bitcoin mining. That is equivalent to enough energy to power approximately 97,000 homes. Energy companies across Canada are now joining the fight against Bitcoin mining using their tool.

Although it is set to be another blow to the crypto markets, after the collapse of FTX, there is good news for new play-to-earn (P2E) cryptos like Metacade which seem to be succeeding anyway due to the fact that they are not dependent on Bitcoin mining. to bloom.

What is Metacade?

Metacade is a brand new blockchain-based gaming platform that aims to build the widest online selection of classic arcade games alongside the most exciting crypto gaming titles with P2E features. Metacade’s exciting project roadmap, which can be found in its white paper , sees them as market leaders in the development of future standards for GameFi development over the next few years in a sector that is set to grow exponentially.

The P2E capability is the main feature of Metacade’s groundbreaking online gaming platform, but far from the only one likely to whet the appetite of gaming enthusiasts worldwide. Alongside the unparalleled P2E mechanics are additional income opportunities for community members to earn. Chief among these is the Create2Earn scheme, which rewards users for posting content on the hub. From game reviews to sharing alpha, even the simplest contribution to a forum or live chat is rewarded with crypto earnings.

Other avenues for members to earn are the Compete2Earn initiative, where users can stake MCADE tokens to participate in online tournaments and prize draws, and the Work2Earn program, which will go live in Q1 2024. This will allow community users to access the the best paying opportunities, gigs, beta testing and full-time career opportunities across the GameFi and Web3 industries.

How does it work?

Metacade aims to be a self-sufficient, revenue-generating community with MCADE at the heart of all activity on the platform. Funds will flow into Metacade internally and externally. Players will contribute by accessing pay-to-play titles and participating in competitions and tournaments through the Compete2Earn initiative.

In the meantime, Metacade will go to market to get funding from advertisers. It will charge other game companies to use its launch tool to release titles on Metacade, and Web3 companies to post the most exciting job vacancies in the industry on the hub’s job board.

Metacade: A GameFi Pioneer

One of Metacade’s most unique features is its upcoming Metagrants scheme. From Q3 2023, developers in the Metacade community can apply for grants to support their efforts to create new playable content for the community to enjoy. They submit their applications to a pool and the MCADE community will vote on their favorite ideas. The proposal that receives the most votes will go into production and be displayed on the hub from Q1 2024.

While Metacade seeks to take ample advantage of the constant evolution of the platform driven by the release of exclusive new P2E games that retain its current membership and grow it by attracting multitudes of new crypto game fans, the gains offered by Metagrants will be felt throughout the GameFi industry . It may become standard practice for arcade platforms to invest in the games developed for their communities, and also to draw talent from their communities.

Metacade’s existing community benefits by having autonomy over which games to produce. This community-led approach forms part of the platform’s transition to a full-fledged DAO by Q4 2024, putting online gaming fans in the box when choosing what they want to see on the platform.

Meanwhile, as developers gain essential work experience in the Web3 industry, external firms that advertise career opportunities on the hub’s job board will benefit from the best and most exciting talent looking for full-time jobs. This will give the wider Web3 sector exposure to some of the most innovative minds in the industry, accelerating progress across the sector, which is set to experience massive growth over the next five years.

MCADE is poised to deliver excellent returns in 2023 and beyond

Because Metacade is built on Ethereum, it is unaffected by the Canadian Bitcoin mining crackdown. With the MCADE pre-sale event gaining significant momentum since its launch, investors continue to flock to this pre-sale of this online gaming platform ahead of potentially great gains in 2023.

The project raised $5 million during the 10 weeks it was on sale, an amount that has since risen to $6.2 million. After launching at $0.008, MCADE is now available at $0.014 and will continue to rise during the pre-sale to an eventual value of $0.02. After this point, MCADE will hit decentralized exchanges and is predicted to increase in value, surpassing other coins affected by Canada’s crackdown on cheap bitcoin mining.

You can participate in the Metacade presale

here

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