Metacade
Crypto Overview
Project Overview
Metacade is a community-driven platform aiming to be the first player-owned virtual arcade, built on the Ethereum blockchain. The MCADE token serves as the platform's native currency and governance token.
Purpose and Utility
The primary utilities of MCADE include: governance rights for the Metacade DAO, rewards for gaming participation, staking mechanisms for platform governance, and payment for arcade games within the ecosystem. The token is also used to reward content creators and community contributors.
Business Model Evaluation
The platform's core business revolves around gaming, community building, and play-to-earn mechanics. The project maintains transparency through regular development updates and community engagement. While gaming itself is permissible in Islam when no real money gambling is involved, it's important to note that Metacade's gaming ecosystem does not involve gambling mechanics or chance-based monetary rewards.
Development and Adoption
The project has shown consistent development activity with regular updates to their roadmap. The team has been implementing features gradually, including the launch of their staking mechanism and community governance system. Partnerships have been established with various gaming studios and blockchain projects.
Token Distribution and Governance
The token distribution includes allocations for development, community rewards, and marketing. Team tokens are subject to vesting periods, showing commitment to long-term development. The governance mechanism allows token holders to participate in decision-making regarding platform development and fund allocation.
Crypto Impact
To assign a comfort level investing in Metacade from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Metacade.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.