cmc #302
XCAD Network provides creators with DeFi tools to create an incentivized economy by tokenizing the engagement of each creator's audience & their content. XCAD Network is also home to an exclusive NFT Marketplace for creators, enabling one-click creation of rare and limited edition NFTs.
Oliver Bell, Joel Morris and Jeff Ward currently comprise XCAD Network's executive team. Together, they bring a wealth of entrepreneurial and online entertainment experience to the table, and are backed by an extensive network of successful YouTube creators.
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.
Although the XCAD tokens, Content Creator reward tokens and NFTs are powered by blockchain technology, Xcad Network keeps this in the background, ensuring many of the platform’s users might not even know that they are interacting with cryptocurrency. This is designed to minimize barriers to entry, while still giving more advanced users provisions to leverage their tokens in external DeFi platforms if desired through a user-toggle advanced mode.
The platform is an early-stage project that launched in May 2021 following a SEED Strong Holder Offering (SHO) on the DAO Maker platform and Startup launch on Gate. Nonetheless, the project has an ambitious roadmap and plans to launch the browser extension, tokenization solution, Xcad DEX and both ZRC1/ERC-721 NFTs by Q2 2021.
XCAD tokens will be available in both ZRC2 and ERC-20 formats and users will be able to easily swap between the two networks using a custom token bridge.
What Makes Xcad Network Unique?
The Xcad Network comprises a range of solutions designed to help creators easily monetize their content and audience, and users better engage with their favorite YouTubers. It balances both of these focuses through cleverly designed incentive solutions that ensure all participants benefit from the growth of the network.
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XCAD Network provides creators with DeFi tools to create an incentivized economy by tokenizing the engagement of each creator's audience & their content. XCAD Network is also home to an exclusive NFT Marketplace for creators, enabling one-click creation of rare and limited edition NFTs.
Oliver Bell, Joel Morris and Jeff Ward currently comprise XCAD Network's executive team. Together, they bring a wealth of entrepreneurial and online entertainment experience to the table, and are backed by an extensive network of successful YouTube creators.
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.
Although the XCAD tokens, Content Creator reward tokens and NFTs are powered by blockchain technology, Xcad Network keeps this in the background, ensuring many of the platform’s users might not even know that they are interacting with cryptocurrency. This is designed to minimize barriers to entry, while still giving more advanced users provisions to leverage their tokens in external DeFi platforms if desired through a user-toggle advanced mode.
The platform is an early-stage project that launched in May 2021 following a SEED Strong Holder Offering (SHO) on the DAO Maker platform and Startup launch on Gate. Nonetheless, the project has an ambitious roadmap and plans to launch the browser extension, tokenization solution, Xcad DEX and both ZRC1/ERC-721 NFTs by Q2 2021.
XCAD tokens will be available in both ZRC2 and ERC-20 formats and users will be able to easily swap between the two networks using a custom token bridge.
What Makes Xcad Network Unique?
The Xcad Network comprises a range of solutions designed to help creators easily monetize their content and audience, and users better engage with their favorite YouTubers. It balances both of these focuses through cleverly designed incentive solutions that ensure all participants benefit from the growth of the network.
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