XCAD Network (XCAD)

Token Utility

XCAD Network tokens can be staked in creator staking pools to earn increased creator token rewards. They are the only asset used for the XCADemy YouTube content training and for trading creator tokens. Fans earn creator tokens by watching videos, which can be used for perks like merchandise, social media follows, FaceTime, and participation in raffles. XCAD tokens also enable governance, allowing holders to vote on content creator milestones and decisions.

Fan Engagement

Fans earn creator tokens by watching at least 80% of a creator’s videos using the XCAD browser plugin or app. These tokens can be traded, staked for rewards, or used to vote on polls created by their favorite creators. This creates a more interactive and rewarding experience between creators and their audiences.

Marketplace and NFTs

XCAD Network includes an NFT marketplace where users can buy, trade, upgrade, and repair NFTs related to creators. NFTs represent special moments, merch rights, or other unique content. The PLAY token within the ecosystem is used specifically for NFT transactions and upgrades in the gamified PLAY area.

Creator Monetization

Creators can launch their own Content Creator Tokens and mint NFTs to monetize their audience. This tokenization allows creators to earn income directly from their fans and build a community-driven economy.

Ecosystem Features

XCAD Network operates on the Zilliqa blockchain, offering fast and low-cost transactions. The platform integrates decentralized finance (DeFi) tools, including a decentralized exchange (DEX) for swapping between creator tokens and XCAD tokens, enhancing liquidity and user interaction within the ecosystem.

Advantages

• XCAD Network empowers content creators by allowing them to launch and manage their own tokens, creating a new way to monetize their work and engage with fans.
• Fans can earn rewards and participate in governance decisions, fostering a closer creator-audience relationship.
• The platform uses the Zilliqa blockchain with pBFT consensus, offering efficient, scalable, and secure transactions.
• It integrates DeFi tools and NFTs, positioning itself at the intersection of blockchain and content creation.
• XCAD Network offers a unique "Watch-to-Earn" model, enabling fans to earn tokens by engaging with video content.
• The ecosystem includes an exclusive NFT marketplace and cross-chain analysis tools for better user insights.
• XCAD tokens can be staked to earn rewards, and the platform supports trading on multiple exchanges.
• The project has backing from notable YouTube creators, increasing its visibility and potential adoption.
• It provides educational resources to help users understand blockchain technology.

Disadvantages

• The price of XCAD Network has experienced significant volatility and recent declines, underperforming compared to the broader crypto market and similar tokens.
• Market capitalization is relatively small, making it a micro-cap token with potentially higher price swings.
• The token distribution and influence of large holders ("whales") can impact price movements.
• Users need to manually add XCAD tokens to wallets like MetaMask, which may be less convenient for some.
• The platform is still growing, and its long-term success depends on adoption and market conditions.
• Trading and staking involve exposure to smart contract and market risks inherent in crypto assets.

Founders of XCAD Network

• Oliver Bell: CEO and co-founder, a successful YouTuber and entrepreneur with a background in blockchain and digital content. He previously founded Coin Wizard and has experience in strategic marketing and blockchain consultancy.
• Joel Morris: Co-founder and CCO, a YouTuber with over 2.5 million subscribers, involved in marketing and content creation.
• Bernice Thomas: Co-founder and CTO, with expertise in blockchain technology and digital content.

These three individuals together founded XCAD Network, combining their experience in content creation, blockchain, and entrepreneurship to build a platform that tokenizes content creators and their audiences.

Investors in XCAD Network

XCAD Network has raised a total of about $10.7 million from several investors. Some of the known investors include Block Wolves, Nxstudios, Raptor Capital, DAO Maker, GBV Capital, Jump Crypto, Zilliqa, and LD Capital. In total, there are 8 investors involved in funding XCAD Network.

Funding Rounds and Amounts

• XCAD Network raised $3.9 million in a private funding round.
• The company has had multiple funding rounds, including a Series A round in December 2021.
• The valuation of XCAD Network was around $20 million as of May 2021.

Company Background

XCAD Network is headquartered in London, United Kingdom, and was founded in 2019. It focuses on creating a tokenized economy for content creators, especially YouTubers, allowing fans to earn and trade creator tokens.

Halal Status

Yes, XCAD Network is considered halal based on research that includes reviewing its whitepaper, website, and other platforms.

Reason

The project focuses on tokenizing content creator audiences without involving prohibited activities like gambling or interest (riba). It operates as a decentralized platform for fan engagement and monetization, which aligns with halal principles.