XCAD platform runs on Zilliqa smart contract and came up with the idea which will give more power to content creators and better connections between artist and audience
Some gaming companies have already applied the play to earn method to engage users on their platform. This type of win-win situation gets an advantage when it gets support from crypto. Creators and developers were providing perks to users already, but as crypto space emerged, they brought better use cases, liability and exposure to the outer world.
Initially, we have seen this at a low scale, but as the growing crypto community meets gaming enthusiasts, it brings possibilities of creating an entire ecosystem. This concept of ecosystem is turned out as we call it as Metaverse, of which Axie Infinity can be an example.
The method creates engagement where users would have used the platform and get rewarded in return. Gaming companies like Axie infinity have adopted the formula and modified it into their own, resulting in a ‘play to earn’ model.
XCAD Network strengthening Content creators and viewers
In today’s time, where content is available everywhere all the time with a single click of a button, it can be a disruptive approach to apply the same model in this space too. XCAD Network is doing the same in the content creation space.
The platform is uplifting the power and value of content creators and their audiences. This platform has an XCAD token that allows users to earn rewards and governing power.
Not only this, but the XCAD network also facilitates Creator tokenization that gives him control over his viewership, and his audience or viewers would get respective tokens after fulfilling required conditions. Viewers would have the opportunity to get related merchandise, attend live shows or concerts, and many other perks to get using respective creator tokens.
For now, the XCAD network is successfully tuning with well known video streaming platform Youtube. The network is reaching out to creators with the aspirations to make them join the network to make a widespread and robust community.
XCAD Network collaboration and growing community
The network is in its initial stages and acquiring new collaborations gradually. To date, some famous Youtube content creators have joined the platform.
On XCAD network available YouTubers, including Mr Beast, who has a massive amount of subscribers, British Youtuber KSI, highest-paid professional gamer, gaming commentator and vlogger from Ali-A.
A youtube channel known for FIFA Fut Draft and Pack videos W2S run by Harry Lewis, prank and funny video creator Niko Omliana and youtube channel of Lance Stewart, who’s yet another well known prank and comic video creator and vlogger. As the XCAD network website shows, ‘more to be announced’ means they are trying to reach out to more creators.
Just add the XCAD network extension, and you are done!
Entering the network is as simple as adding a Chrome browser extension plugin. As the user added it on the extension, he’s good to go. The network has its algorithm noting down the view count, which needs to go till 80% of the video to incentivize the viewer by respective creator token.
Zilliqa Blockchain backed the XCAD network
The network runs on Zilliqa, a public and permissionless open blockchain network. It’s one of the few blockchains today designed to offer a maximum output in terms of scalability, speed, and security.
The transaction speed of Zilliqa can go up to thousands of transactions per second. The open-chain network employs sharding as a second layer scaling solution. Due to its numerous features, usability, and accessibility, the platform has become home to many Dapps, including XCAD Network.
Zilliqa has its utility token known as ZIL, which performs the transactions and executes smart contracts on the network.
Also Read: Complete Beginner’s Guide To FTX Token: Will FTX Token Hit The Mark Of $64.88 By 2023?
Usability of XCAD token and Creator token on XCAD Network
The XCAD network allows content creators to tokenize but then what’s the relevance of the network’s native token that it XCAD token you may ask, let’s find out.
First, the utility of creators’ tokens includes allowing additional monetization for creators due to their value addition in content. The time viewers are attached to the content, the more its engagement increases, and so does the loyalty among fans.
From a Fan’s or viewer’s point of view, the perks include getting more tokens by just plugin XCAD network extension and watching the content on youtube remain the same.
Earning a token made that simple. It can also act as a governance token which makes it possible to influence the decisions made by the creators regarding the content or changes on the channel itself. Fans or users of tokens will be eligible to get access to NFT moments and purchase merchandise.
The ecosystem has been designed in such a way that the utility of the creator token is nothing outside the network. For this purpose, users have to use the XCAD token to act as a gateway for the creator token to the outer world. Creators’ tokens can only be traded in exchange for XCAD tokens using XCAD DEX.
Additional features on XCAD Network
The plugin feature of using the network will soon be added to the platform. The network has a decentralized exchange that would act as a platform to exchange personalized tokens with XCAD tokens.
There is an option of Influencer MarketCap section which displays the list of creator tokens and their details as CoinMarketCap type of website does for cryptocurrencies. NFT marketplace is also yet to launch, where personalized creator NFTs will be available for fans to buy.
Further plans for the XCAD network
XCAD network has a roadmap for the year 2022, which is divided into three quarters.
Further, plans include launching the XCAD and ZIL DEX trading pair, and XCAD token would be listed on several other exchanges. New creators have planned to be on the platform, ‘Biggest Creator Ever’ will also be announced. Another biggest highlight for the first quarter will be the launch of the plugin.
The plan will further execute the existing announcements for the next quarter, like plugin launch and exchange listings. Apart from them, the NFT moments platform is scheduled to launch this quarter. Details regarding the Metaverse fan token will also be disclosed during the period.
Lastly, the major plan for the third quarter of this year will be the launch of a mobile app plugin for the XCAD network. Creator Dashboard and listing will continue till the year end.
XCAD token price prediction
The total XCAD token supply will be more than 199 million, out of which 24 million tokens are currently in supply.
Currently, the network’s native XCAD token is trading at $2.54, which is almost 413% higher than its all time low of $0.49. However, the highest mark obtained by the token price was $9.06 in Jan 2022.
Considering the idea behind the networks working, it has a lot of scopes and a vast space to tap on. Due to such reasons, there are many possibilities for the platform to grow and expand, and so will its XCAD token price.
WalletInvestor estimated the price of XCAD token by the end of this year would approx $12, and in the next five years, it would go up to $48.
According to PricePrediction, by 2022 the price could go up to $5.26. In the next five years, it’s estimated to go along at $24.6, and by 2031, which is ten years from now, the XCAD token would be priced at $150.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
Source: https://www.thecoinrepublic.com/2022/02/24/xcad-network-bringing-watch2earn-revolution-to-you/