As crypto markets continue to ease during 2023, and with more and more coins seeing prices bullish, investors are increasingly turning their attention to projects intending to become decentralized autonomous organizations (DAOs). Community-governed projects are an attractive prospect for crypto investors, as they fully embrace the original intention behind the decentralized web by placing control in the hands of the platform users.
Two such projects, Metacade and Arbitrum, have gained plenty of investment interest in the past few weeks as Arbitrum has already transitioned into a DAO, with Metacade is on its journey to becoming one. As a result, investors should ask themselves whether Metacade or Arbitrum will present the most profitable investment potential.
What is a DAO?
A DAO is a fully decentralized body with a bottom-up structure where the user community has full governance and voting rights to control the platform’s strategic future direction. Users are empowered to take control of the future by voting on community-originated proposals to determine whether or not an idea comes to fruition.
Members of a DAO hold whichever token the project uses, similar to a shareholding in a company. Rather than being governed by a board of directors that sets the platform’s agenda and direction, the members have complete control. This model remains entirely faithful to the intention behind the decentralized web by removing power from centralized bodies and placing it in the hands of those that matter most: the users.
What is Arbitrum?
Arbitrum is a layer-2 blockchain built on Ethereum and supports smart contracts without the limitations associated with using Ethereum alone. As a result, Arbitrum users enjoy minimal transaction fees and a less congested network than the foundation layer, Ethereum, while not hindered by poor privacy, security, and scalability limitations because Ethereum still provides these essentials.
Arbitrum transitioned into a fully-fledged DAO in late March, after airdropping its new ARB token to its community members. However, it got off to a sticky start; when its foundation proposed transferring 750 million ARB tokens into their own wallets before honoring a community vote, a decision was made to vote again and allow the participants to decide how to launch the tokens. Many felt that this interference by a centralized group of trustees went against the idea of a DAO and has shaken investor confidence somewhat.
What is Metacade?
Metacade is a brand new mover in the burgeoning GameFi sector. It plans to not only build the most extensive online play-to-earn (P2E) gaming arcade in the world, but provide its thriving community with complete governance control over the platform’s future direction as it transitions toward becoming a complete DAO in 2024.
After successfully selling out its presale allocation of MCADE tokens, raising $16.4 million in double-quick time, MCADE recently listed successfully on leading decentralized exchanges Uniswap, Bitmart, and MEXC and top crypto sites CoinMarketCap and CoinGecko. Further listings are expected shortly, as Metacade looks to maximize its total addressable market (TAM) and increase its user base.
The entire ecosystem is powered by the native MCADE token, which, as well as fuel for Metacade’s rich and comprehensive rewards system and the medium of exchange, serves as the platform’s utility token and, in 2024, governance token. Users can earn MCADE tokens through several different avenues aside from playing games, including claiming rewards each time they contribute social content to the hub, such as a game review, or contribution to an online forum or live chat.
Once Metacade’s transition to a DAO is complete, the community of token holders will gain exclusive voting rights to determine the platform’s future direction, thus fully embracing the intentions behind the decentralized web.
Why is MCADE so popular with investors?
Investors love community-led governance, and Metacade’s devolution toward becoming a DAO is illustrated by one of its most innovative programs, Metagrants. Developers are incentivized to design and develop exciting new GameFi titles exclusively for Metacade with the help of crypto funding that’s been voted for and allocated by the community members. While the users are empowered to choose which games go into production, user retention is driven by members feeling engaged by the process while controlling which games hit the virtual shelves.
Meanwhile, Metacade has recently announced an exciting collaboration with leading gaming studio MetaStudio, to bring original new games to its platform. MetaStudio has already enjoyed successful partnerships with Kung Fu Panda and Pirates of the Caribbean. News of partnering with such an established name should entice gaming fans to the platform and help Metacade reach a wider audience, thus increasing its investor appeal.
Investors that reserved their MCADE tokens at the beta presale price of $0.008 have already seen returns of approximately 125%, illustrating the rich growth potential of the coin as it begins to list on more exchanges. Moreover, with most MCADE token holders maintaining their investments in the likelihood of a price rally shortly, it’s easy to see why MCADE is being touted as one of the most potomising investment opportunities of 2023.
Metacade vs. Arbitrum: Which is the most promising investment opportunity?
The early days of the Arbitrum token drop have illustrated how not to launch a DAO to a community, with members speculating on the true extent of the project’s decentralization and doubting the real intentions of the trustees. MCADE, however, has the chance to prove itself to be a genuine DAO and present investors with a promising investment opportunity.
With a rich toolkit of features ready to be unleashed as 2023 progresses, and a genuine desire among the project team to present full governance to the community next year, MCADE could be a compelling and attractive opportunity for investors looking to profit from the Metacade DAO project.
You can find more information, including how to buy MCADE, here.