XCAD Network (XCAD): Pioneering the Watch2Earn Revolution

As the crypto community grows larger, more crypto projects are also coming up with ways to entice users to use their products, such as “x-to-earn,” in which users complete an action to earn free crypto. One of the most popular concepts, of which XCAD Network is the pioneer, is Watch2Earn. In the following detailed guide, we’ll cover everything you need to know about this revolutionary project.

Key Takeaways:

• XCAD Network enables fans to receive creator token rewards by watching their favorite creators.
• Creators can leverage XCAD Network to monetize their content, and build a more loyal community.
• Bybit now offers the XCAD/USDT Spot trading pair. Users can also participate in two ongoing events to win a share of the 60,000 XCAD prize pool.

What Is XCAD Network?

As a creator, you can issue your own unique tokens, which fans can buy, hold or trade. By tokenizing YouTube performance metrics, XCAD Network incentivizes high-quality content creation and fosters more equitable and decentralized social media platforms. In this way, creators have greater control over monetization, and fans can actively participate in the success of their favorite creators.

As a devoted fan, you can use the XCAD browser extension to earn creators' tokens while watching your favorite content on YouTube. The extension allows fans to earn, stake, view and trade these tokens seamlessly through the plugin, which operates in the background as you watch videos.

Fans receive a creator's tokens after they’ve watched at least 80% of the creator’s video. You can use these governance tokens to participate in polls set up by your favorite creators, with the number of tokens you hold determining the weight of your vote. This system ensures that a creator's most devoted fans have the greatest influence on their content.

Besides voting, it's possible to trade tokens for other creators' tokens, purchase merchandise, acquire NFTs and participate in various other activities.

History of XCAD Network

XCAD Network is the brainchild of Oliver Bell (CEO), Joel Morris and Bernice Thomas (CTO). The company was founded in 2019 in the United Kingdom, and the first financing round was completed two years later. 

To bring their vision to life, the founders assembled a team of experts in blockchain technology, digital marketing and business development. The founding members’ extensive backgrounds in blockchain technology and digital marketing have contributed to the mainstream adoption of the XCAD Network platform. 

It was during this period that well-known YouTubers like MrBeast and KSI backed the project, lending credibility and visibility to the XCAD Network. MrBeast (whose real name is Jimmy Donaldson) is an American YouTuber known for his philanthropic activities, large-scale stunts and extravagant challenges. KSI, or Olajide Olayinka Williams "JJ" Olatunji, is a British YouTuber, rapper, actor and boxer who gained fame through his gaming and comedy content. 

The XCAD Network governance token was introduced in 2021 as an ERC-20 token on the Ethereum network. It later expanded to include Zilliqa by adopting the ZRC-2 token standard, and has since extended its presence to other blockchains such as Polygon.

The project continues to evolve, aiming to disrupt the traditional social media landscape and create a more rewarding experience for creators and their fans.

How Does XCAD Network Work?

By leveraging blockchain technology, XCAD Network tries to solve several challenges faced by creators and audiences in the traditional social media landscape. Here's how it has transformed the traditional landscape:

Creator Tokenization

Also known as social tokens, creator tokens are unique digital assets that represent a content creator's brand. The value of these tokens and creator tokenization are typically influenced by factors such as a creator's popularity, content quality and audience engagement.

The XCAD ecosystem is built around the use of tokenized analytics. Fans can also invest in creators based on their metrics, providing an additional layer of monetization and incentivizing creators to produce high-quality content.

Features of XCAD Network

The XCAD ecosystem consists of various decentralized applications (DApps) that enhance and contribute to the overall value of the creator token ecosystem, offering a robust and interconnected experience for users. Following is a list of its main components.

Influencer MarketCap 

XCAD Network partners with hundreds of influencers. The Influencer MarketCap® is a platform that tracks and analyzes the value of creator tokens so users can easily track the impact of an individual influencer and buy tokens accordingly.

XCAD DEX

The XCAD DEX is the XCAD Network’s decentralized exchange and it enables users to effortlessly swap, trade and sell creator tokens.

Governance Portal

The Governance Portal allows users to vote on decisions related to the XCAD Network and determines which creators can issue their tokens. Using the portal, you can also have an impact on the decisions of your preferred creators by participating in polls.

NFT Marketplace 

The XCAD Network platform includes a decentralized NFT marketplace where creators can mint, sell and trade unique digital collectibles. Fans will be able to purchase these NFTs, which represent digital art, memorabilia or other items related to a creator's brand, to further support the creator and engage with their content. While the NFT Marketplace cannot be accessed at the moment, the XCAD Network website states that this feature will be available soon.

XCAD Plugin

XCAD Network offers a browser extension that integrates with YouTube, allowing fans to earn creator token rewards while watching videos.

Launchpad

The CLO Launchpad (Creator Liquidity Offerings) is an integral part of the XCAD ecosystem that’s designed to raise funds for a creator's initial liquidity. It functions similarly to a conventional launchpad, but rather than providing funds directly to the creator, the collected funds are locked as liquidity, effectively reducing the number of XCAD tokens in circulation.

Benefits of XCAD Network

There’s a significant engagement gap between YouTube content creators and their fans, with no rewards for continued loyalty or opportunities for devoted fans to get to know their favorite creators. XCAD narrows this gap by fostering a mutually advantageous relationship between creators and their fans.

Benefits for Creators

1. XCAD provides creators with an extra layer of monetization through fan token unlocks, enhancing the fan experience and fostering loyalty.
2. Creators gain a competitive edge with increased watch time and fan engagement, resulting in improved video performance and stronger fan devotion.
3. By offering exclusive perks and the opportunity to vote on significant decisions, creators can build loyalty among their fans, obtain valuable viewer feedback and create a sense of genuine involvement for their audience.

Benefits for Fans

1. Fans can earn rewards by watching their favorite creators on YouTube.
2. Fans can use creator tokens to cast votes and influence creators’ decisions.
3. Fans can also redeem creator tokens to earn exclusive benefits and access further incentives offered by their favorite creators.

XCAD Network Road Map

XCAD Network has already achieved several milestones in its journey toward revolutionizing content creation and fan engagement. Following is a summary of the prominent milestones and plans.

Major Accomplishments

• Token Launch: XCAD Network successfully launched its token and developed smart contracts on multiple blockchains, including Ethereum, Zilliqa, Binance Smart Chain and Polygon.
• Platform Development: The project has built and released its browser extension.

Currently In Development

• NFT Marketplace Launch: XCAD Network aims to launch a decentralized NFT marketplace where creators can mint, sell and trade unique digital collectibles tied to their brands. This will provide another revenue stream for creators and offer fans an additional way to earn rewards by engaging with their favorite content.

Near Future Plans

• 2023 Q1 Initiatives: The management is actively working on the introduction of the iOS App. There is also a growing focus on increased governance amidst the launch of more tokens and CLOs.
• 2023 Q2 and Beyond: In the coming days, you're likely to see support for YouTube Shorts, Firefox extension and a dedicated PLAY Area. PLAY is the native token associated with the PLAY Area in the XCAD Network ecosystem, which is the hub for the #Watch2Earn concept. The PLAY token is essential for purchasing, trading, upgrading and repairing NFTs within the platform.

XCAD Tokenomics

XCAD token is the native digital asset of the XCAD Network, and serves various purposes within the platform's ecosystem. As an integral component of the XCAD Network, the token enables a range of functions, smart contracts and transactions.

Uses of XCAD Token

• Governance: XCAD token holders can participate in the platform's governance by voting on proposals and decisions related to XCAD Network's development.
• Incentivizing Viewership: Fans can earn XCAD tokens as rewards for watching content from tokenized creators, which fosters viewer engagement and continued loyalty.
• Creator Token Purchases: Investors can buy, hold or trade creator tokens, allowing them to support their favorite creators and benefit from the token's potential appreciation in value.
• Exclusive Content and Perks: XCAD tokens can be used to access exclusive content, merchandise and related perks offered by creators within the platform.

Tokenomics

The maximum supply of XCAD tokens is limited to 200 million. The following is an overview of its distribution:

• Pre-Seed Round: 2.28%
• Public Sale: 18.45%
• Liquidity: 20% 
• Ecosystem Incentives: 20%
• Team: 10%
• Partners and Advisors: 8%
• Foundation: 21.28%

XCAD Price Prediction

As of Apr 4, 2023, the current price of XCAD is $1.64. Despite recent setbacks, experts are upbeat about the future of the XCAD token, primarily due to its utility and unique value proposition. 

PricePrediction’s experts suggest that XCAD could close the year at $2.26, almost double to $4.89 by 2025 and surpass the $15 mark by 2028. In 2030, PricePrediction believes XCAD’s price will hit $32.22. 

Analysts at DigitalCoinPrice are more bullish in the short term than those at PricePrediction. XCAD’s price is predicted to rise to $4.20 by the end of 2023 and continue increasing to $6.95 by 2025. By 2028, its growth will slow down and reach $10.42. In 2030, XCAD’s price will double to reach $20.10.

Of course, while price predictions by experts suggest that XCAD shows promising growth, these forecasts should be taken with a pinch of salt as cryptocurrencies are known to be highly volatile. As such, we recommend that you do your own research before investing in any cryptocurrency. 

Where to Buy XCAD

XCAD crypto that can be purchased on various platforms, including Bybit. To get started trading XCAD on Bybit, simply sign up for a Bybit account and fund it with cryptocurrency. Then, you can navigate to the XCAD/USDT Bybit Spot Trading page to trade.

To celebrate the recent listing of the XCAD/USDT pair, Bybit has prepared two special events with a total prize pool of 60,000 XCAD for you to participate in.

1. Deposit to Earn from 30,000 XCAD Prize Pool: From now till Apr 10, 2023, deposit a net volume of 50 XCAD into your Bybit account to earn 10 XCAD! Please note that rewards will be given out on a first-come, first-served basis.
2. Trade to Earn from 30,000 XCAD Prize Pool: From now till Apr 11, 2023, make a Spot trade of at least 100 USDT worth of XCAD to earn 10 XCAD! Likewise, rewards will be given out on a first-come, first-served basis.

Is XCAD A Good Investment?

XCAD targets content creators and their audiences, enabling tokenized social engagement and monetization. This distinct use case has garnered attention and interest in the project.

Over time, XCAD Network has also managed to foster a dedicated community of supporters, which helps spread the word and drive adoption. Similarly, a strong team and new platform integrations are signs of a progressive framework.

These and other contributing factors bode well for the future of this project. Amid the growth, this is perhaps the best time to buy the token before it reaches maturity. 

Closing Thoughts

The demand for decentralized solutions and tokenized social engagement has increased in recent years. XCAD Network's focus on addressing this demand has contributed to its success.

In the long term, the success of the XCAD project will depend on its ability to continue delivering value, maintain strong partnerships and adapt to changes in the market and regulatory environment.

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