Stage 1 of the Metacade cryptocurrency presale has just sold out. Both the beta and phase 1 of the cryptocurrency pre-sale have been hugely successful, with Metacade raising a total of $3 million in just eight weeks since the event launched.

Phase 1 raised the price of MCADE to $0.01 after the beta phase launched at $0.008, but investors continued to pile on the cryptocurrency pre-sale and bought every token on offer. Now, Phase 2 will see MCADE rise another 20 percent to the $0.012 price level.

Russell Bennett, Head of Product at Metacade, said: “The community has been amazing and the support we’ve received so far has been amazing. The popularity of the pre-sale is a real sign that we can continue to improve as we build a next-generation blockchain…