Ripple vs. SEC has been a topic of discussion in the crypto market since the regulator filed its lawsuit in December 2020. The outcome of the case will affect the entire crypto industry and investors should have a strategy for each result. The SEC believes that the release of tokens by Ripple constitutes a sale of securities and violates federal law. The lawsuit focuses on the fact that investors could benefit from the work of others. However, with Metacade (MCADE) this is not a problem as it is a community developed project.
Metacade sees itself as a hub for developers and gamers working together on P2E (play-to-earn) games. The P2E sector erupted like a volcano in 2021 when the Axie Infinity project attracted 2.7 million daily users. This fact alone shows that there is a high demand for quality gaming experiences in the market. And that’s exactly what Metacade is building and delivering through a community-driven Metaverse arcade that welcomes players of all skill levels.
Currently, the Metacade platform is in full presale of its native token, MCADE. Investors are not passive but fully involved in the progress of the project. MCADE holders can earn more tokens by playing games, engaging in the community, contributing useful content, and placing wagers. The Metacade project will also offer Metagrants, a source of funding for game developers to develop the games chosen by the community.
Ripple bullish on SEC case
Despite the headwinds facing the XRP token, Ripple remains optimistic about the outcome of the lawsuit. Ripple has appealed the SEC’s summary judgment and, according to the platform, the SEC intends to interfere in an area over which it has no jurisdiction.
Throughout the litigation, the SEC was unable to offer a clear legal theory to support the claim that XRP should be classified as a security. Ripple added that the SEC’s summary judgment does not identify an “investment contract” issued or sold by Ripple. “The theories advanced by the SEC are insufficient to prove their case and are internally contradictory across elements of the Howey test,” Ripple explained. The SEC uses the Howey test to determine if securities laws apply.
If Ripple loses the case, the SEC could take action against many projects where the investment is considered passive. This means that investors should be on the lookout for investments that are not targeted by the SEC.
Metacade brings a revolutionary idea to the world of P2E gaming with an interactive Web3 Metaverse arcade. P2E is expected to be a huge cryptocurrency sector and linking it to the Metaverse adds two powerful engines that can increase the price of MCADE. The underlying goal of the Metaverse is to create a social dynamic, and an arcade would be the perfect meeting place for game developers and gamers. Casual gamers can take advantage of the space, while Metacade also caters to more serious audiences when there is a strong opportunity to earn rewards.
Metacade will likely take off because P2E gaming is on the rise, and as it rises so will MCADE. While there are plenty of Metaverse projects vying for attention, as a community-run and community-built arcade, Metacade has a long-term vision. This means that there is more than one game title and users will stick with it for the duration of the project.
As P2E players join, they will see many attractive revenue streams in Metacade. As this happens, MCADE will become more and more valuable in the Web3 space. Since the presale has just started, you can get a lot if you get in early before MCADE’s prices skyrocket.
The Ripple vs. SEC court case has been one of the dominant cryptocurrency stories of the past 18 months. The financial regulator claimed that the sale of XRP tokens by Ripple violated federal securities laws. The SEC knows that a win will open the door to more cases on many other similar projects. For investors, this means that all crypto investments are not safe until the case is closed. Metacade offers an investment that may escape the eye of the SEC. Developers, actors and investors can contribute at every stage of the project, which protects it from regulatory influences. Additionally, Metacade is targeting the P2E sector and the Metaverse, which will be two of the biggest crypto sectors of the future.
You can pre-sale Metacade here to take part.
Disclaimer: Information provided by crypto industry players and not part of CryptoMonday editorial content.