BNB investors worry that the Binance exchange may not survive the bear market. However, investors are still optimistic about the long-term future of Web3, and Metacade has been a crucial project in restoring the positive sentiment in the crypto markets. The MCADE pre-sale attracted multi-million dollar funding, and sold out the entire beta phase in three weeks. Now, investors once again look to the future.
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Binance exchange is suffering, and investors are getting worried.
After the FTX collapse in November, exchange Binance conducted a proof-of-reserves audit to show which digital assets support user funds; however, some pointed out inconsistencies in the report.
Binance’s BTC liabilities were $245 million greater than its BTC reserves, meaning that an FTX-style run on the banks can cause big problems. If that happens, Binance could be forced to pause withdrawals and sell other assets, which could negatively impact prices across the crypto market. After Changpeng Zhao appeared on CNBC to discuss Binance’s financial situation, it appears that Binance’s CEO was reluctant to hire one of the best auditing firms to disclose liabilities. This hesitation caused more fear, uncertainty and doubt (FUD) during the 2022 crypto bear market.
What is BNB?
Binance is a digital asset exchange platform for cryptocurrency trading. BNB tokens are native to the Binance exchange and Smart Chain – A Layer 1 fork blockchain of Ethereum developed by exchange Binance. BNB is used to facilitate transactions on Binance and pay fees for trading activities like listing or withdrawal fees. The BNB Token also serves as an essential component of the Binance ecosystem, allowing users to receive rewards through a cashback program and participate in community polls.
What is Metacade (MCADE)?
Metacade is building the biggest arcade that can be found on blockchain. It is the first community-driven project of its kind, and aims to be a central Web3 hub for users to play, earn, socialize and learn all about GameFi. Metacade will offer several arcade games, combining classic titles with play-to-earn mechanics. In addition, players can participate in championships and use different methods to earn crypto income through Metacade. After announcing the pre-sale launch of MCADE, Metacade attracted a significant level of investment in a short amount of time. The pre-sale beta phase sold out in just three weeks, with Metacade selling 140,000,000 MCADE tokens priced at $0.008.
How Does Metacade Work?
Built on the Ethereum blockchain, Metacade is a comprehensive gaming platform that offers crypto rewards to players on a variety of arcade games. Additionally, players can discover new GameFi trends, share game reviews, and earn MCADE tokens for contributing useful information to the community. Through Metacade, users can also start a career on Web3. The platform will connect players with job opportunities and offer beta tester positions to the community, allowing players to earn crypto while playing new blockchain-based games. Metacade can drive growth in the GameFi sector through the Metagrants program. This scheme will allow users to vote for the best blockchain game to be created, and will provide seed funding to support the game’s development. Metacade is a complete GameFi project that provides significant value to the crypto gaming community.
Metacade is, without a doubt, the best investment opportunity.
BNB investors are concerned about Changpeng Zhao’s recent comments and what they could mean for the future of Binance exchange. In contrast, early MCADE early adopters are getting excited about the future.
MCADE is a new token with huge long-term potential. Early pre-sale participants have the rare opportunity to earn greater than 10x over the next few years, as the current price of $0.01 seems undervalued. When Metacade completes its pre-sale and launches a complete gaming platform, it could become one of the biggest gaming platforms on the Web3. Over time, the MCADE token could be worth more than $1 – a huge 50x increase compared to the end of the pre-sale.
Is it worth buying MCADE?
While BNB investors are scared, the future looks bright for Metacade. Metacade could be the best investment opportunity in the bear market, predicted to be one of the biggest gaming platforms available. The MCADE token is worth just $0.01 and the price will rise to $0.02 by the end of the pre-sale. Investors have a limited amount of time to get MCADE at that price before Metacade sells out. As you can see, Metacade looks like a strong investment, and early investors can make 50x profits during 2023.
You can buy Binance tokens on eToro on here.
You can participate in the Metacade pre-sale on here.
