Metacade, a community-driven arcade platform that offers play-to-earn (P2E) games incentivized with native MCADE tokens, has raised over $14.7m as the presale comes to a close.
With over 90% sold, the project expects to sell out ahead of its scheduled closing time of March 31st at 23:59 Pacific Time. Metacade’s CEO, Russell Bennett, said that the support from the community had been fantastic and that the team was delighted with its success so far.
Metacade will list its MCADE token on Uniwsap on April 6th, followed by BitMart on the week ending April 16th, with several more exchange partnerships following shortly after.
As one of the first community-driven arcades in the blockchain arena, Metacade offers a plethora of P2E games that incentivize players with the native MCADE token based on their achievements.
Metacade’s earning mechanism is tailor-made to appeal to a wide range of blockchain enthusiasts, with the platform striving to become the go-to hub for Web3 users.
The platform’s whitepaper highlights a number of noteworthy features, but one that particularly stands out is its innovative Metagrants program.
Operating via a voting system, the program allows members of the Metacade community to propose and vote on projects that they deem worthy of funding.
The Metagrants program fosters the growth of the blockchain gaming industry by providing financial support to promising new projects for up-and-coming blockchain game developers.
The program allows developers to submit funding applications to support the design and creation of the next generation of GameFi titles. Once submitted, these are then assessed by the Metacade community, where MCADE holders can cast their votes in support of their favorite proposals.
The most popular ideas are awarded with crypto investments to support the game production process, with the first Metagrant game set to debut on the platform in Q1 of 2024.
Metacade tokens can be purchased until they sell out or until March 31st.