XCAD Network (XCAD) news

What Is XCAD Network?

XCAD Network is a Watch2Earn platform launched in 2019. It transforms the way YouTube content is monetized and consumed. XCAD Network allows fans to earn rewards in the form of creator tokens by watching their favorite YouTube creators. This approach not only incentivizes high-quality content creation but also fosters a more equitable and decentralized social media landscape. By tokenizing YouTube performance metrics, XCAD Network gives creators greater control over monetization while enabling fans to actively participate in their favorite creators' success.

The platform was founded in the United Kingdom by Oliver Bell, Joel Morris, and Bernice Thomas. It gained significant traction with endorsements from prominent YouTubers like MrBeast and KSI. XCAD Network's unique model of creator tokenization, where fans earn tokens for watching videos, has revolutionized the creator-fan relationship. This system ensures that the most devoted fans have a significant influence on content creation, enhancing engagement and loyalty.

Resources

Official Documents: https://docs.xcadnetwork.com/xcad-network-public-documentation/

Official Website: https://xcadnetwork.com/

How Does XCAD Network Work?

XCAD Network leverages blockchain">blockchain technology to address challenges faced by creators and audiences in the traditional social media landscape. It introduces the concept of creator tokens, which are unique digital assets representing a content creator's brand. The value of these tokens is influenced by factors like the creator's popularity, content quality, and audience engagement. Fans can invest in creators based on these metrics, adding an extra layer of monetization and incentivizing high-quality content production.

The ecosystem of XCAD Network comprises various decentralized applications (DApps) that enhance the value of the creator token ecosystem. This includes the Influencer MarketCap, a platform for tracking and analyzing the value of creator tokens, and the XCAD DEX, a decentralized exchange for trading these tokens. Additionally, the Governance Portal allows users to vote on decisions related to the network and influence their favorite creators' content through polls.

Furthermore, XCAD Network offers a browser extension that integrates with YouTube, enabling fans to earn creator tokens while watching videos. This seamless integration ensures a user-friendly experience, encouraging greater participation. The platform also plans to launch a decentralized NFT marketplace, allowing creators to mint, sell, and trade unique digital collectibles, further engaging their audience.

What Is XCAD Token?

XCAD is the native token of the XCAD Network, serving various purposes within the platform's ecosystem. It functions as a governance token, allowing holders to participate in platform decisions and influence creator content. Fans can earn XCAD tokens as rewards for engaging with tokenized creators, fostering viewer loyalty and engagement.

In terms of tokenomics, the maximum supply of XCAD tokens is capped at 200 million, with a strategic distribution among pre-seed rounds, public sales, liquidity, ecosystem incentives, team, partners, and advisors. The token has been launched on multiple blockchains, including Ethereum, Zilliqa, BNB Smart Chain, and Polygon, enhancing its accessibility and utility.

What Determines XCAD Network’s Price?

The price of XCAD Network's native token, XCAD, is influenced by a combination of market dynamics and platform-specific factors, typical in the volatile world of cryptocurrency and blockchain technology. Key among these is the demand and supply mechanism, which is significantly impacted by the popularity and engagement levels of content creators within the XCAD ecosystem. As more high-profile YouTubers and influencers tokenize their content and engage with their audience through the platform, the demand for XCAD tokens tends to increase. This is because fans need XCAD tokens to participate in various activities, such as purchasing creator tokens, voting in governance decisions, and accessing exclusive content. Additionally, the overall sentiment in the broader cryptocurrency market, including trends in Bitcoin and Ethereum prices, can indirectly influence XCAD's valuation, as with many altcoins.

Another critical factor in determining XCAD's price is its tokenomics, including its total and circulating supply. The limited supply cap of XCAD tokens creates a scarcity value, potentially driving up the price as demand increases. Furthermore, the platform's development and expansion, such as the introduction of new features or partnerships with high-profile creators, can positively impact investor and user confidence, leading to increased demand. On the flip side, regulatory news or changes in the blockchain and cryptocurrency landscape can also affect the price. The unique proposition of XCAD Network, combining content creation with blockchain technology, positions it in a niche market, making its price sensitive to both the trends in the content creation world and the fluctuations in the crypto market.

For those interested in investing or trading XCAD Network, one might wonder: Where to buy XCAD? You can purchase XCAD on leading exchanges, such as Bitget, which offers a secure and user-friendly platform for cryptocurrency enthusiasts.