XCAD Network is a new app on the Binance Smart Chain that integrates with YouTube to offer users rewards for watching specific content on YouTube. The network allows YouTubers to create their own digital tokens, and viewers can earn these tokens by watching and engaging with their videos. As such, viewers and content creators earn more tokens as the channels get more views.

XCAD Network provides a more interactive medium for viewers to engage with their favorite creators. Through its governance system, viewers can earn and exchange different creator tokens and digital assets and influence creators’ decisions. However, to earn these rewards, users must install the XCAD plugin.

History of XCAD Network

XCAD Network was founded in 2019 by CEO Oliver Bell and Joel Morris. Its team members have extensive backgrounds in blockchain technology, including the Chief Technology Officer Bernice Thomas, Community Manager Domen Trontelj, Mariano Perez, the Program Manager, and Guido de Vita, the Director of Technology.

In 2021, XCAD Network received impressive support from the investment community, raising over $3.9 million in its funding rounds. Investors included notable names like GBV Capital, AU21 Capital, Jump Crypto, and LD Capital.

How Does XCAD Network Work?

XCAD Network uses the power of blockchain technology in the background, allowing users to focus on enjoying their favorite content and earning rewards for it without needing prior experience with crypto. It also provides an “advanced mode” where the more knowledgeable users can leverage their tokens in external DeFi platforms.

XCAD Network empowers fans to actively engage with their favorite creators by watching videos, leaving comments, and sharing content. As rewards, creators can use personalized tokens to reward their most dedicated supporters, fostering a strong community-led economy within the network.

These creator tokens reflect the creator’s brand, and their value is influenced by their popularity, content quality, and audience engagement. As such, fan investment in the creator tokens will incentivize creators to produce high-quality content.

On XCAD Network, creators can mint NFTs representing iconic career moments, videos, merch, and more to monetize their audience and reward their followers. The project also encourages fans to actively participate in its ecosystem by allowing them to trade the creator tokens and NFTs for XCAD tokens on the network’s decentralized exchange (DEX). This in turn can be used to interact with other DeFi products in its ecosystem or be traded for more Content Creator tokens and NFTs.

Main Features of XCAD Network

Source: xcadnetwork

XCAD Network boasts a range of innovative dApps and products, all designed to foster a growing creator token ecosystem. These products include:

Influencer MarketCap

Source: influencermarketcap

This is a dedicated dApp that provides up-to-date information about the creators with whom the project has teamed up. It also provides data and insight on the value of creator tokens. This helps users monitor each creator’s influence, which in turn helps them make informed decisions when investing in creator tokens.

The MarketCap features a creator list with comprehensive information on statistics like XCAD Network’s total creator and subscriber count. The list is sorted by everyone subscribed to each creator on XCAD Network and every user on the network.

It also provides information on every creator token, like the token price across the past 24 hours, the past week and month. It also provides the market cap for each token, along with its 7-day variation.

dXCAD DEX

Source: swap.xcadnetwork

The XCAD Network decentralized exchange (DEX) is designed as a fan-powered marketplace for trading creator tokens within Ziliqa Network’s ecosystem. dXCAD, the governance and reward token for the XCAD DEX, is essential for the DEX’s operation, as it can be staked as a single asset to earn other tokens and traded on the XCAD DEX.

The dXCAD DEX offers various staking pools for liquidity pools (LP) and single assets. Users can claim their rewards daily or leave them to accumulate for future claims, and they can also trade and invest dXCAD in pools to earn other ZRC-2 token rewards. While staking dXCAD alone earns rewards, it is important to note that there’s a 10-day lock on all single asset farms. If a user unstakes before the 10 days are up, it comes at a 20% burn fee.

Governance Portal

Source: vote.xcadnetwork

As a community-led project, XCAD Network provides a Governance Portal that allows users to participate in decision-making processes concerning the project. The portal is also essential in determining which creators are authorized to issue tokens. Through the portal, fans can influence the decisions made by their favorite creators by actively participating in polls and voting on pending issues.

To vote, users can visit the Governance portal, connect their wallet, click on an open poll, choose their favorite option, and vote. The vote’s value is based on the amount of XCAD in their Wallet. The more XCAD they have, the more valuable their vote.

NFT Marketplace

XCAD Network offers a decentralized NFT marketplace that enables creators to mint, sell, and trade unique digital assets. The marketplace allows fans to buy NFTs that represent digital art, memorabilia, and other items associated with the creator’s brand in order to show their support.

Browser Plugin

Source: chromewebstore

XCAD Network requires users to install a Google Chrome plugin to provide streamlined access to all of its features and products. All users have to do is create a free XCAD account to start earning creator tokens via the plugin.

When users log into the app and go to the Fan Tokens section for the first time, they will receive a free Silver Egg, which is valid for 5 days. The silver egg allows users to earn up to 4.8 times the value of each view. However, they will not be able to claim the tokens earned until they purchase one of the premium eggs.

By selecting the “Start Earning Now” button, users will be directed to a YouTube video tutorial of the app, where they can earn creator tokens. After the initial 5 days, if users only have the silver egg, their earning power will be reduced to 1x value, but they will still have the option to purchase eggs to increase their earning power again.

Moreover, the plugin enables users to convert creator tokens into stablecoins, buy more tokens, or acquire XCAD tokens. Future plans for the project include integrating the plugin with other liquidity pools.

Content Creator Liquidity Pools

Fans can use XCAD tokens to support their favorite creators by staking their tokens in liquidity pools. Staking their tokens is seen as a show of support and dedication, and in return, they can earn rewards such as more creator tokens, XCAD tokens, or even exclusive content from the creators. This approach provides more liquidity for those who wish to buy or trade creator tokens.

e-Learning Platform

XCAD Network’s online learning platform features a wide range of educational materials from prominent UK YouTubers, designed to assist new content creators in launching their own YouTube channels. As such, XCAD Network serves as a one-stop shop for aspiring creators, offering knowledge and tools to help them succeed on YouTube.

CLO Launchpad

Source: launchpad.xcadnetwork

XCAD Network features a Creator Liquidity Offerings (CLO) Launchpad, which helps creators get initial funding for their digital assets. This system works like a traditional launchpad, but instead of giving the funds directly to the creator, the money is locked up to provide liquidity. This enables creators to access the support they need to bring their projects to life and also creates a stable trading environment for their digital assets.

The locked liquidity pool has a dual purpose. Firstly, it serves as a safety net for creators by creating a pool of XCAD tokens dedicated to ensuring smooth and efficient trading for the creator’s new token. This helps reduce the initial volatility and challenges often associated with new token launches, in turn making it easier for the community to trade the creator’s work.

Secondly, the locked pool helps strengthen the XCAD ecosystem. By taking these XCAD tokens out of circulation, the overall supply decreases, leading to a more stable and valuable XCAD token for creators and fans alike.

What is XCAD?

XCAD is the native utility token of the XCAD Network. It serves various functions, one of which is governance, as token holders can vote on proposals related to the project’s development. It also incentivizes viewership since fans can earn XCAD tokens as rewards for engaging with content. The token can also be used to support creators, as it can be used to access exclusive content, merch, and other perks offered by creators.

XCAD Tokenomics

Source: @Altcoincrunchies/an-in-depth-look-into-xcads-tokenomics-14b11d293a35">medium

XCAD has a total supply of 200 million tokens, with a current circulating supply of 52,711,358 tokens and a market cap currently at $33,964,561. The token was distributed as follows:

• 2.28% was allocated to the pre-seed round
• 18.45% was set aside for the public sale
• 20% was reserved for liquidity
• Another 20% was allotted for ecosystem incentives
• 10% was reserved for the XCAD team
• 8% went to the partners and advisors
• 21.28% was allocated to the foundation

News on XCAD

In its bi-weekly update, XCAD Network announced its centralized exchange (CEX) had completed development and is now in testing. The last piece of the puzzle was the market maker integration, and the project is currently integrating with the CEX to provide more liquidity for the creator tokens.

The project is also developing a payment gateway, which will provide better localized payment options for users in certain regions. The gateway is expected to be released this June.

Is XCAD a Good Investment?

XCAD Network helps reward creators for creating high-quality and engaging content, and in turn, rewards viewers for engaging with such content, thereby creating a symbiotic ecosystem for people to enjoy making and watching content. However, as interesting as the project may be, it is important to remember that the cryptocurrency industry is quite volatile, so all investors are advised to do extensive research or consult qualified financial personnel before moving forward with any project.

Take Action on XCAD

XCAD can be purchased on centralized and decentralized exchanges, including gate.io. Click here to view and trade your favourite pair.

• XCAD/USDT