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MCADE Token on Base Chain: A Deep Dive into Metacade's Gaming Crypto
Editor's Pick: Check MCADE's chart or trade directly using gmgn.ai web version or Telegram Bot to stay ahead of the market.
MCADE Token on Base Chain: A Deep Dive
Hey everyone! Today, we’re diving deep into the world of the MCADE token, a cryptocurrency making waves on the Base blockchain. If you’re into meme tokens, gaming, or just curious about the latest in crypto, you’ve come to the right place. Let’s break it all down!
What’s the Deal with MCADE?
The MCADE token, with the contract address 0xc48823ec67720a04a9dfd8c7d109b2c3d6622094, lives on the Base chain—a layer-2 scaling solution for Ethereum developed by Coinbase. This means faster transactions and lower fees than the main Ethereum network. Think of it as a superhighway for your crypto transactions!
Key Token Details:
- Token Symbol: MCADE
- Chain: Base
- Token Standard: ERC-20 (meaning it’s a standard type of crypto token)
- Total Supply: 1,000,000,000 (that’s a billion!)
- Decimals: 18 (this allows for tiny fractions of the token to be traded)
- Contract Creation Date: 2024-12-20
What’s MCADE Used For?
While it’s not immediately obvious from the contract address, MCADE is actually the native token of the Metacade platform! Metacade is blending Decentralized Finance (DeFi) with social gaming, focusing on play-to-earn (P2E) and the metaverse. It’s like a playground for gamers where you can also earn crypto.
MCADE’s Main Uses:
- Governance: Holders can vote on platform decisions through a DAO (Decentralized Autonomous Organization).
- Utility: It’s used to access features and services on the Metacade platform.
- Rewards: Earn MCADE by playing games, contributing to the community, or through Work2Earn and Create2Earn programs.
How to Get Your Hands on MCADE
You can find MCADE on various exchanges. Here’s where to look:
- Decentralized Exchanges (DEXs): Check out Uniswap and SushiSwap, which support Base Network tokens.
- Centralized Exchanges (CEXs): Look for listings on platforms like Bitget, BingX, and BitMart.
- Coin Tracking Websites: Use sites like CoinGecko and CoinMarketCap for pricing and exchange data.
Pro Tip: Be sure to double-check that you are using the correct contract address for MCADE when trading.
Diving Deeper into Tokenomics
- Total Supply Cap: 2 billion tokens
- Current Circulating Supply: About 1.6 billion tokens (this can vary)
- Distribution: Allocated for community participation, development, marketing, and ecosystem growth.
Market Performance Snapshot
As of the latest data:
- Price: Around $0.03 to $0.04 on the Base chain.
- Market Cap: Fluctuates between $18.2 million and $22.8 million.
- Daily Trading Volume: Ranges from $3.6 million to $4.1 million.
Trading pairs: The most active pair is MCADE/USDT. There’s also significant trading in the MCADE/USDC pair on Uniswap v3.
The Metacade Community
Metacade has a bustling community with over 220,000 active participants! This community focus drives the platform’s growth and activity, making it a very social and engaging ecosystem.
Recent News
Metacade recently migrated MCADE from Ethereum to the Base chain with a 1:1 swap. This move leveraged Base’s scalability for better gaming. It’s also been listed on various exchanges like BingX, which helps increase liquidity and user base.
Important Risks to Consider
Remember, like all cryptocurrencies, MCADE comes with risks:
- Volatility: Expect price swings, as meme tokens are prone to high volatility.
- Lack of Utility: If a token’s value is primarily based on hype, it can be unstable.
- Rug Pulls/Scams: There’s always a risk of project abandonment, so do your homework.
- Smart Contract Risks: Even simple contracts can have vulnerabilities, so be cautious.
Final Thoughts
The MCADE token is a crucial piece of the Metacade platform, blending DeFi with social gaming. It’s definitely one to watch if you’re interested in the growing P2E and metaverse sectors. The platform encourages community involvement and has big ambitions for future growth. However, like with all crypto, always do your own research before making any investment decisions.
Stay tuned for more updates from Meme Insider! We’re here to keep you informed on the latest in the world of meme tokens and crypto.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always do your own research before investing in any cryptocurrency.