Crypto News

Can Investing in Crypto Like Metacade Help During an Economic Recession?

Published

10 months ago

February 15, 2023

Household budgets globally continue to be squeezed by the mounting challenges facing economies worldwide. Rising food, energy, and fuel prices are having a hugely negative impact on the ability for people to make ends meet, leading to experts asking whether crypto investments could ease the financial burden during an economic recession.

With many countries teetering on the cusp of economic recession, some believe that investing in crypto projects like the new gaming hub Metacade, which is currently offering tokens at discount, could help supply potentially immense returns and an additional income stream to help weather the storm.

What is Metacade?

Metacade is a new play-to-earn virtual gaming arcade aiming to merge past and future in one location, with its lexicon of classic arcade title replicas of yesteryear, sharing space with the most innovative and cutting-edge GameFi titles.

The platform’s exciting and innovative project roadmap, viewable on its white paper, is set to transform the blockchain-gaming landscape for gamers, developers, and the wider Web3 industry, all under the Metacade umbrella.

While Metacade’s primary focus is to launch P2E gaming into orbit with an unrivaled legion of gaming options, the heart of the operation aims to build a community of like-minded gaming enthusiasts and provide them with the tools to take control of the hub’s future direction.

To enable this, the platform is launching several additional channels for users to earn passive income, chief among which is the Create2Earn scheme. Metacade seeks to incentivize community interactions across the platform, by rewarding members every time they post content in the hub. This could be a game review, gaming tips, or simple contributions to forums and live chats. The more users participate, the more they can earn.

Further earnings can be generated by participating in Compete2Earn tournaments and prize draws, where MCADE tokens are staked for entry and a chance to share large prizes, and from Q1 2024, the new Work2Earn scheme that is set to lead development in the wider GameFi and Web3 industry.

How does it work?

Metacade’s native MCADE token provides the fuel for the platform’s engine. Funding comes from several internal and external sources. In addition to staking tokens via the Compete2Earn initiative, members will be playing a multitude of pay-to-play titles, exactly like a real-life arcade.

Outside revenue is generated from external companies that pay to advertise on the hub, release their own games on Metacade using the hub’s launchpad scheme, and post the most exciting Web3 job opportunities on the community job board.

This funding stream is either reinvested into the platform’s future development, helping it evolve and stay ahead of other GameFi titles, or find its way into gamers’ wallets as crypto rewards.

Metacade: Driving GameFi innovation

Primary among Metacade’s ground-breaking features is their innovative and exciting Metagrants scheme aimed at developers. It helps promote original game development in the industry while taking Metacade to new heights, with the regular release of community-approved, exclusive new P2E titles.

From Q3 2023, the first funding award will be distributed to successful developers whose ideas for new games have been deemed the most popular through a community vote. These grants are awarded to developers to support their ideas and ultimately design an exciting new concept that retains the loyalty of existing community members and attracts new GameFi fans to the platform.

Is MCADE a safe investment?

Even in times of stability, making investments can feel risky. This risk is multiplied during times of economic recession. Metacade’s small and agile team understands this and has taken enormous steps to assure people’s investments.

All MCADE tokens are held in a central multi-signatory treasury wallet that requires the approval of more than one key holder to approve any transaction, while all treasury wallets are hidden from the community by design.

In addition, Metacade has submitted itself, its code, and the composition of its team to the rigorous CertiK audit. The team’s identity is fully verified, while the platform’s code has been checked to ensure its functionality and security.

MCADE: An excellent crypto investment option during an economic recession?

Anyone considering investing in crypto ought to consider adding MCADE to their crypto wallet, even during an economic recession. In the 10 weeks since launching its presale event, the project raised a stunning $5.4m and that number continues to climb.

The current MCADE price of $0.013 will rise throughout the presale to an eventual value of $0.02. Once the presale concludes and MCADE hits decentralized exchanges, expectations are that the price could soar, with the $1 barrier a not unrealistic prospect in 2023.

You can participate in the Metacade presale here.

The post Can Investing in Crypto Like Metacade Help During an Economic Recession? appeared first on Best Bitcoin Exchange.

Crypto News

Cristiano Ronaldo Facing Billion-Dollar Lawsuit Over Binance NFT Promotion

Published

21 mins ago

December 1, 2023

A class action lawsuit filed in Florida on Thursday seeks over $1 billion in damages from international soccer star Cristiano Ronaldo for his role in promoting the cryptocurrency exchange Binance. The lawsuit alleges that Binance sold unregistered securities and operated illegally in the United States, claiming Ronaldo lent his celebrity to hype investments, driving traffic and investors to the platform. Attorneys for the plaintiffs believe compensation is the only path to justice for victims and that the law requires celebrities to disclose their compensation for promoting investments. The Securities and Exchange Commission filed charges against NBA Hall of Famer Paul Pierce earlier this year for violating the anti-touting and antifraud provisions of the federal securities laws. This story was drafted with Decrypt AI from sources referenced in the text, and fact-checked by Ozawa.

This lawsuit is bad news for Ronaldo as it seeks over $1 billion in damages. The plaintiffs argue that Ronaldo benefited financially from driving traffic to Binance and should have known his promotions were potentially illegal. The Securities and Exchange Commission has warned celebrities to disclose their compensation for promoting investments, making this a cautionary tale.

#CristianoRonaldo #Binance #Cryptocurrency #SEC

You can read more about this topic here: Decrypt: Cristiano Ronaldo Sued for $1 Billion Over Binance NFT Promotion

The post Cristiano Ronaldo Facing Billion-Dollar Lawsuit Over Binance NFT Promotion first appeared on Byte Syze Crypto.

Crypto News

“Meme Coin Implodes After Making Millions from Bitcoin Hater’s Death: Munger Was Right”

Published

2 hours ago

December 1, 2023

Prior to his passing Tuesday at age 99, former Berkshire Hathaway Vice Chairman Charlie Munger dismissed crypto as “worthless,” “no good,” “disgusting,” “evil,” and “massively stupid.” The Ethereum-based MUNGER token, which launched in the immediate aftermath of his death and quickly pumped some 31,000%, has since crashed 97.6% in value to a current valuation of $0.00000002856. The coin’s market capitalization has comparably plummeted to just over $18,000, with its liquidity evaporating to around $13,000. Market activity has also collapsed, with just $23,000 worth of MUNGER trading hands in the last 24-hour period. This volatile pump-and-dump action is common for meme coins, as seen with CZ token, which pumped 400,000% before collapsing 93%. It remains to be seen if meme coins inspired by the death of 100-year-old diplomat Henry Kissinger will follow the same trend. This news indicates that the value of crypto is highly volatile, with prices changing rapidly and without warning. #crypto #Munger #memecoins #volatility #HenryKissinger

The post “Meme Coin Implodes After Making Millions from Bitcoin Hater’s Death: Munger Was Right” first appeared on Byte Syze Crypto.

Crypto News

Unlock the Latest Xbox Game Pass Features – Decrypt

Published

3 hours ago

November 30, 2023

A total of 16 new games are coming to Microsoft’s Xbox Game Pass subscription service for standard and premium buyers in December 2023, while two are being added for “Core” subscribers—and four games are leaving Game Pass this month. Here’s a look at the latest releases and departures for Xbox Game Pass this December.

Chivalry 2 is the first-person multiplayer hack-and-slash sequel to Chivalry: Medieval Warfare. The sequel was released for Windows PCs, PlayStation 4 and 5 consoles, Xbox One, and Xbox Series S and X. It will arrive on Game Pass for all Game Pass subscribers, including Game Pass Core, on December 6.

Fallout 76: Atlantic City – Boardwalk Paradise is a new Fallout 76 expansion coming to Game Pass on its launch day, December 5, for both standard and premium tiers. Boardwalk Paradise builds upon the 2018 action RPG from Skyrim and Starfield developer Bethesda Game Studios.

Far Cry 6 is the latest installment of the Far Cry open-world game series and is coming to Xbox Game Pass on December 14. Set in a tropical world mired in political upheaval, players must join the local revolution in an effort to forever change their world.

Remnant: From the Ashes is a dark survival shooter set where players must fight and kill endless hordes of monsters. First released back in 2019, the game is now available for standard and premium Game Pass subscribers on cloud, console, and PC platforms.

Remnant 2 is the sequel to the third-person monster shooter Remnant: From the Ashes, and has also been added to Game Pass November 30. The sequel was first released earlier this year, and offers new villainous creatures to fight alongside your friends.

Against the Storm is a roguelike fantasy city-builder game that was released for Windows PCs back in 2021. In it, anthropomorphized animals like foxes, beavers, and lizards live together in a world alongside humans.

Clone Drone in the Danger Zone is a robot voxel beat-‘em-up game launched on Steam in July 2021—now, it’ll be added to Xbox Game Pass come December 5 for cloud, PC, and Xbox Series X and S gamers who are subscribed to the Game Pass standard and premium tiers.

Teamfight Tactics: Remix Rumble offers new characters and updates to the Portals and Augments in Riot Games’ 2019 autobattler game Teamfight Tactics. The new offering is now available for standard and premium Game Pass subscriber tiers.

World War Z: Aftermath is an expansion to the third-person cooperative zombie shooter game World War Z that was released on Steam in 2021. On December 5, standard and premium Game Pass subscribers will be able to play this zombie-slaying title.

For those looking for more, Spirit of the North and SteamWorld Build will join Game Pass December 1. Rise of the Tomb Raider and While the Iron’s Hot will be added December 5. Totally Reliable Delivery Service will be available December 6 for all Game Pass subscribers, plus core. Goat Simulator 3 will be added December 7, and Tin Hearts will be on Game Pass December 12.

While plenty of new games are coming to Xbox Game Pass this month , the following titles will no longer be included come December 15: Chained Echoes, Opus Magnum, Potion Craft: Alchemist Simulator, and Rubber Bandits.

Microsoft’s Xbox Game Pass is adding 16 new games and two for Core subscribers in December. Four games will be leaving the service this month. The new titles include Chivalry 2, Fallout 76: Atlantic City – Boardwalk Paradise, Far Cry 6, Remnant: From the Ashes, Remnant 2, Against the Storm, Clone Drone in the Danger Zone, Teamfight Tactics: Remix Rumble, World War Z: Aftermath, Spirit of the North, SteamWorld Build, Rise of the Tomb Raider, While the Iron’s Hot, Totally Reliable Delivery Service, Goat Simulator 3, and Tin Hearts.

This is good news for Xbox Game Pass subscribers as they will have more choices of games to play. #XboxGamePass #GamePass #DecemberGames #Microsoft #GameSubscription

You can read more about this topic here: Decrypt: Here’s What’s Coming to Xbox Game Pass

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