What Is Xcad Network (XCAD)?

What Is Xcad Network (XCAD)?

Empirex Capital dives into a project that promises to help support content creators and increase their monetization reach.

Xcad Network is a new platform that looks to provide content creators with additional content monetization options while helping smaller creators benefit from YouTube’s algorithms to grow their channels.

The platform features a wide array of products and solutions that help creators forge a closer connection with their audience, empower their fans and build additional revenue streams. Alongside this, Xcad Network features an educational platform that provides a range of guides and classes crafted by established YouTubers — helping aspiring creators stand the best chance of success.

The XCAD token was initially launched on Ethereum as an ERC-20 asset and will migrate to Zilliqa shortly thereafter as a ZRC2 token. The token plays a critical role in the Xcad network ecosystem, as it is the base currency for the Xcademy platform, Xcad DEX, and the platform's governance token. Users will be able to stake their XCAD tokens in combination with unique content creator tokens thanks to a built-in XCAD performance farm.

TGE took place on May 27, 2021, after which the token will be available on KuCoin, Gate.io, PancakeSwap, and various other platforms.

What Is Zilliqa?

Billed as the world’s most advanced sharded blockchain, Zilliqa is a platform that is designed to support massively scaling decentralized applications (DApps) and institutional blockchain use cases.

The platform was originally conceptualized in 2017 and was funded through a highly sought-after initial coin offering (ICO) — during which 30% of the total token supply was sold to early investors. Zilliqa migrated to its mainnet in mid-2019 and is now host to dozens of DApps and Zilliqa-based tokens.

How Does Xcad Network Work?

Through Xcad Network, creators are able to launch their own Content Creator Token, which can be rewarded to fans who engage with them through the Xcad Network ecosystem.

They will also be able to mint non-fungible tokens (NFTs) that can represent practically anything — such as iconic moments of their career, particular videos, merch redemption rights, shoutouts and more giving them an additional way to monetize their audience and reward their followers.

From the fan side, users will be able to earn fan tokens from their favorite creators simply by watching at least 80% of their video, or by otherwise engaging with the channel — such as by leaving high-quality comments or sharing the video.

They can then trade these Creator Tokens for XCAD on the Xcad decentralized exchange (DEX) — which can then be used to interact with various DeFi tools or traded for other Content Creator tokens/NFTs.

XCAD tokens are available in ZRC2 and ERC-20 formats and users will be able to easily exchange between the two networks using a custom token bridge.

Created on 22nd Jul 2021