What is Meme Cake (MCAKE) and what are its real-world and crypto use cases?

The NFTs sector is red-hot, with a flurry of projects looking to position themselves at the front and centre. One of the projects competing in this space is Meme Cake, which has evolved since its launch to become one of the top players in the NFT space. 

How does Meme Cake work?

Meme Cake is creating an ecosystem where communities and projects can interact and foster the adoption of NFTs. NFT lovers can engage with projects and get verified to become influencers within the micro-social space. 

Projects can take advantage of this inclusive social platform to mint and promote their NFTs to a vibrant community of collectors and investors. Additionally, Meme Cake is secure and projects listed within its platform are vetted and completely rug proof. 

Meme Cake has launched its utility token MCAKE that enables users to access different features on its platform. The Solana-based token provides value for holders who can benefit from discounted trading fees, early access to rare NFTs and DeFi services. 

Meme Cake NFTs

Meme Cake has already launched its genesis NFT collection called ‘’RICH’’ which provides real-world use-case for holders. The unique NFT collection is listed on Entrepot, the native NFT marketplace of Internet Computer (ICP) and is among the top traded NFTs on the platform. 

RICH NFT holders would also get additional benefits, including staking rewards, participating in the unique proof-of-burn mechanism for MCAKE and free airdrop of subsequent NFT collections launched by Meme Cake. 

Meme Cake users can also become validators by burning their NFTs. Becoming a validator grants extra perks like voting rights and early access to whitelists of upcoming NFT projects. 

Meme Cake partnerships

Meme Cake has been able to leverage key partnerships with blockchain projects. For example, it currently has a collaboration with leading decentralized oracles platforms, Chainlinks labs and Solana. Meme Cake was also the recipient of a $50,000 grant from Dfinity Foundation, which governs Internet Computer Protocol. 

Meme Cake real-world uses

From what we have discussed so far, you can tell that Meme Cake is not just another NFT project without any potential. On the contrary, it is an inherently valuable platform that connects communities and NFT projects within a sustainable ecosystem. 

The MCAKE token provides utility and can be traded across different blockchain platforms. In addition, Meme Cake has also revealed a series of products that will increase the utility of its NFTs. The first of which is the launch of its Play-to-Earn game called Meta Rail. 

The highly anticipated game is expected to launch in the fourth quarter of the year and enable users to earn from gaming. Meme Cake will host all the game NFTs on Internet Computer (ICP), and gamers will be incentivized with MCAKE tokens for hitting certain milestones. 

The private sale for Meta Rail NFTs is currently on, and interested participants can take advantage of this to get the NFTs at the best possible price. 

Conclusion

Meme Cake is a valuable project that makes a big impact with its unique value proposition for projects and the community. Its token also provides value for holders to access rewards like staking, yield farming and airdrops.