What’s XCAD Community (XCAD)?
08 November 2022 in Training
XCAD Community is a blockchain challenge for content material creators which seeks to disrupt the best way on-line content material creators work together with their followers and earn earnings from monetising their content material with tokenisation, a market, and an ecosystem.
XCAD Community creates a extra interactive approach for audiences to get pleasure from content material from their favorite streamers, bloggers, and influencers, by means of XCAD community’s Youtube-compatible browser plug-in, creator tokens, NFTs, and governance of creator choices and milestones.
Audiences can earn, stake, view and commerce native creator tokens and particular “creator second” NFTs, in addition to affect creator choices. Creators can get pleasure from extra methods to monetise their content material whereas breaking the reliance on third events and create a richer and extra partaking viewer expertise for his or her audiences.
XCAD Community (XCAD)
XCAD Community is an bold blockchain challenge which intends to realign the incentives surrounding on-line content material creation. With the best way issues presently work, content material creators are below the watch of monolithic centralised platforms like Youtube and Instagram, which have a monopoly of kinds on the audiences content material creators rely on.
Social media content material platforms like Youtube, the place individuals hunt down content material from their favorite creators, usually average and curate the content material accessible on their platforms; this leaves creators at an obstacle. They’re on the mercy of the algorithms, liable to not having their content material seen, and the phrases of compensation can change on the whims of the platform, and so can the foundations, which may change immediately with an replace to the Phrases of Service.
XCAD community goals to supply content material creators an alternate which can permit them to create a greater expertise for his or her followers whereas providing new alternatives by means of tokenisation and decentralisation. It does this by permitting content material creators to concern “creator tokens” on the XCAD community.
Creator tokens have a number of distinctive features; they permit creators to reward viewers, let followers take part within the creator’s choices by means of governance, will be traded for different creator tokens, will be traded on the XCAD Decentralised Alternate (DEX), will be traded for XCAD tokens, will be staked for entry to uncommon NFTs, and can even grant creator token holders early entry to restricted version collectable merchandise and particular provides for creator companies.
How XCAD Works
XCAD Community is a multichain ecosystem and token which launched in 2021 as an ERC-20 token on Ethereum after which made the addition of Zilliqa as a ZRC-2 token and has since migrated to further chains like Binance Good Chain and Polygon.
XCAD community consists of its native token, XCAD, which lets customers work together with the assorted platforms that make up the XCAD community ecosystem. These platforms include DEXs, a governance portal, a browser plugin with Youtube integration, cross-chain bridges, staking swimming pools, and creator swap, which lets customers trade creator tokens.
Creators can apply for tokenisation, and, if accepted, get pleasure from advantages similar to launching their very own creator tokens and NFTs, which they’ll reward to the viewers, or monetise by means of unique choices. The expertise is extra tangible and interesting for followers.
Audiences can profit from incomes creator tokens by watching 80% of the movies from their favorite creators or sharing, taking part in governance to affect the creator’s choices, buying and selling for different creator tokens, having access to restricted version merch, occasion entry, shoutouts, and different perks.
All creator tokens exist throughout the XCAD ecosystem however will be transformed to and from XCAD, which may work together with the broader Web3 multichain financial system. XCAD community goals to revolutionise content material monetisation and viewers engagement by empowering creators and offering a greater expertise for followers.
Why is XCAD Community Distinctive
XCAD Community has centered on UI and making the expertise first-class, so customers could not even know they’re utilizing a blockchain when interacting with the community, plugin, and tokens. Followers merely add a plugin to their browser and watch Youtube movies, they usually start incomes creator tokens, which can be utilized for quite a lot of perks and utility use circumstances throughout the XCAD Community.
Creators are issued creator tokens as soon as they’ve been accepted and onboarded and are incentivised by means of a collection of milestones and token burn occasions, which create shortage and create worth for present token holders because the creator achieves success. This rewards each the creators and followers who’ve proven probably the most assist by holding and utilizing creator tokens.
XCAD Community Ecosystem
- XCAD Utility Token
- Creator Tokens & NFTs
- XCAD DEX On Zilliqa Blockchain
- XCAD Browser Plugin
- XCAD Governance Portal
- XCAD Influencer Marketcap rating web page
- XCAD NFT Moments Content material Creator’s Market
- XCADemy Youtube Content material Creator Academic Platform
- XCAD Fiat Gateway
- XCAD Assist Portal
There may be additionally the prolonged multichain presence of the XCAD token, which will be discovered on Ethereum, Zilliqa, Binance Chain, and Polygon. XCAD Community additionally integrates with cross-chain bridges and DApps, and DEXs.
What’s the XCAD Token
The XCAD token is the native token for the XCAD Community, and its function within the ecosystem is that of a utility and governance token. Inside the XCAD Community, the XCAD token has a number of key makes use of.
XCAD will be staked in creator staking swimming pools for elevated creator token rewards, this staking mannequin creates upward worth strain as tokens are locked and circulating provide reduces. Moreover, XCAD is the one asset that can be utilized for the XCADemy Youtube Content material coaching and for buying and selling creator tokens.
The governance use case for XCAD tokens is expounded to content material creator milestones, the place customers that maintain XCAD are given an opportunity to vote and affect choices made by the content material creator. XCAD governance choices happen within the XCAD Community Governance Portal, and customers can vote with XCAD.
XCAD Tokenomics
The XCAD token has a complete provide of 198,851,676 XCAD tokens. Out of this whole provide, solely round 17% are presently circulating, with 33,260,245.22 on the time of writing.
XCAD Community Roadmap
2022 Q3
- Extra CLOs Dwell
- CLO Enhancements
- Entry code rollout continued
- YouTuber promotion
- Cellular Software for Rewards
- NFT Moments
- BNB Chain Dwell on Plug-In*
- New Web site
- Plug-In Enhancements
2022 This autumn
- Twitch Integration
- BNB…
https://weblog.bitfinex.com/schooling/what-is-xcad-network-xcad/