XCAD Network (XCAD)

Content Creator Engagement

XCAD Network lets content creators issue their own fan tokens. Fans earn these tokens by watching videos, creating a "Watch2Earn" experience that rewards viewers for their loyalty and attention.

Token Utility

The XCAD token can be staked in creator staking pools to earn more creator tokens. It is also used for trading creator tokens, participating in governance decisions related to content creator milestones, and accessing educational content like XCADemy.

Marketplace and Ecosystem

XCAD Network offers a marketplace where fans can trade creator tokens and, in the future, NFTs created by content creators. This builds a tokenized economy that connects creators and fans more directly.

Platform Integration

Fans use a browser plugin or app to watch YouTube videos and automatically earn creator tokens. The more tokens a fan holds, the more influence they have in voting on creator polls and decisions.

In summary, XCAD Network is designed to help creators monetize their audiences and engage fans through token rewards, staking, governance, and a growing marketplace.

Pros

• Creator-Fan Engagement: Allows content creators to tokenize their audience, enabling fans to earn tokens by watching videos and participating, which strengthens community bonds.
• Monetization Opportunities: Creators can earn income through tokenization, NFTs, and a marketplace, reducing reliance on traditional platforms.
• Built on Zilliqa Blockchain: Offers high transaction speed and scalability, supporting many microtransactions efficiently.
• Watch-to-Earn Model: Fans earn rewards by watching content, voting on polls, and staking tokens for bonuses.
• Exclusive Access: Tokens can be used for special content, merchandise, and governance participation, giving fans more influence.

Cons

• Platform Dependence: Requires use of the XCAD browser plugin or app, which may limit accessibility for some users.
• App Stability: Some users report the app needs improvements in stability and more creator options.
• Market Volatility: Token prices can fluctuate, affecting the value of earned tokens.
• Community Management: Some feedback points to unprofessional handling in community groups, which might affect user experience.
• New and Evolving: As a relatively new platform, features and ecosystem are still developing and may change over time.

Founders of XCAD Network

• Oliver Bell: CEO and co-founder, an entrepreneur with a background in e-commerce and blockchain. He previously founded Coin Wizard and Xcademy, an online education platform for YouTubers.
• Joel Morris: Co-founder and YouTuber with over 2.5 million subscribers, involved in building the influencer token economy and YouTuber academy Xcademy.

These two are the main founders behind XCAD Network, combining experience in entrepreneurship, blockchain, and content creation.

Venture Capital and Crypto Funds

XCAD Network has received investments from several venture capital and crypto-focused funds including DAO Maker, GBV Capital, Raptor Capital, LD Capital, and Jump Crypto.

Individual and Influencer Investors

Popular YouTubers and entrepreneurs like MrBeast and KSI have also invested in XCAD Network, supporting its mission to help content creators monetize their audiences.

Funding Rounds

The project has raised around $10.7 million in total, including a notable $3.9 million funding round aimed at building its NFT marketplace and DeFi plugin for YouTube creators.

Headquarters

XCAD Network is headquartered in London, United Kingdom.

Halal Status of XCAD Network

• Yes, XCAD Network is generally considered halal by some Islamic finance community members.
• This is because it focuses on content creator tokenization and fan engagement without involving interest (riba), gambling (maysir), or prohibited business activities.
• However, halal certification can vary by scholar or Islamic finance authority, so personal consultation is recommended for individual cases.