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Avalanche (AAVE) and Polkadot (DOT) consolidate positions as Metacade (MCADE) pre-sale attracts investor interest

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A tale of three cryptocurrencies: two old and established coins against a powerful newcomer struggling to dominate the world of metaverse projects. The Avalanche (AAVE) and Palkadot (DOT) tokens have experienced some stability recently, but. it is perhaps the rising stars that are of most interest to us.. Let’s take a closer look at Metacade’s utility token, $MCADE, and find out what it offers ahead of its upcoming presale.

AAVE – A blockchain platform and token to compete with Ethereum.

AAVE is the token owned by Avalanchea decentralized lending system in which users assume the role of borrowers or custodians. It is the AAVE token that facilitates all transactions, acting as the underlying cryptocurrency of the platform. AAVE currently has a market capitalization of $1 billion and a supply of 14 billion AAVEs.

The AAVE token also has the function of enabling voting rights on the Avalanche platform. It is used by the Avalanche community to propose and vote on changes to the platform and any decisions related to the Avalanche protocol, as well as other metaverse projects. Each AAVE token has a voting right equal to one vote on the platform. Thus, the more tokens a user has, the more voting rights he/she has.

As of September, prices have stabilized after a volatile period in July and August. After initial highs of around $114, prices appear to have stabilized around $75-76 per token, although whether this steady state can last is an unknown. Given the current bearish sentiment, it seems unlikely that prices will return to their former highs, but time will tell.

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DOT – A useful protocol and linking tab.

In its simplest form, Polkadot is a protocol that allows unrelated blockchains to securely connect to each other, enabling transfers between them. In the past, these transfers often required a number of intermediate steps (usually brokers), which increased both processing times and costs. By attempting to centralize the process, Polkadot aims to reduce the overhead of these transfers.

The Polkadot token (DOT) has several uses, including as a governance tool, so that. holders can vote on future developments.. It is also used for parking, to facilitate controls in the network. The DOT token also has a special function: bonding, i.e., the process of connection and disconnection in the network. Of course, it can be said that it also has a use as an investment opportunity.

Currently, it has a market capitalization of over $6 billion, and there is a pending offering of over 1.1 billion DOTs. Although prices are far from their all-time high, they have been stable since early 2022. For the time being, Polkadot has no specific plans for expansion. to move forward, relying on ideas from its community to enrich a system that has essentially already fulfilled its roadmap.

MCADE – A useful fact sheet for Metacade

Let’s take a look at Metacade and its MCADE token. From what we have discovered, this project has the potential to become one of the most interesting metavers we have seen so far. Metacade, relatively new on the scene, has some novel features that are interesting at first glance, but more importantly, they offer a lasting evolution in the future.

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Dubbed the ultimate Web3 gaming community in the metaverse, Metacade envisions an arcade-like space where cryptocurrency enthusiasts, gamers and game developers can mingle freely. The platform is focused on the exchange of ideas between users, the collaboration on projects and, of course, games. One particularly unique aspect is the plan to host a series of metaverse games on the platform.

Metacade’s currency of choice is its MCADE token, which has several uses on the platform.

It is intended to be used in the Play to Earn and Pay to Play arcades, to participate in tournaments and earn rewards, to fund the development of community-approved games and, in the future, to pay for jobs related to metaverse games.

Metacade also intends to use its MCADE token for parkingto earn revenue by verifying transactions on its network, as well as providing voting rights to its community, with plans to move to a DAO later in its development.

In what ways is MCADE good for the future?

Unlike Polkadot and Avalanche, MCADE is a utility token for which use cases can easily be expanded as Metacade implements its functionality over time. In addition to the unique aspects associated with a virtual arcade, such as multiple games and integrated game development, MCADE could also potentially be used for other transactions on the platform related to advertising or even merchandising.

As the cryptosphere continues to produce new protocols and services based on blockchain technology, it becomes increasingly important to consider the longevity of metaverse projects. as they mature. While the tokens available on platforms such as Avalanche and Polkadot are transformative, it is still worth considering whether the impact they can have is sustainable, and what effect this may have as a viable investment.

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Strong sustainability requires a strong innovation effort, hence the interest in projects such as Metacade, which offers a community platform in a sector with high-growth sector such as gaming. By tying the MCADE token closely to the various features of Metacade, there is a degree of support inherent in its design that is not currently available to DOT or AAVE. We strongly encourage you to take a look at MCADE to discover its extraordinary potential.

You can participate in the Metacade pre-sale. here.

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