What is XCAD Network?
XCAD Network is revolutionizing the way content creators and fans interact by introducing a global tokenization platform. This platform allows users to earn and trade tokens of their favorite creators, while also giving them the power to govern creators' decisions through the XCAD browser plugin that works directly on YouTube. The ultimate goal of XCAD Network is to improve the relationship between creators and fans by providing creators with rewards for building a fan base based on their work and fans for engaging with the creators.
One of the key features of the XCAD ecosystem is its ability to distribute tokens fairly between fans, creators, and platforms. The platform and creators can earn rewards only from fan engagement events, and fans can collect tokens through claims. Additionally, creators can collect tokens based on their work and other conditions. The economy starts with a large amount of creator tokens split equally between creators, fans, liquidity, token burning, and more after the CLO (creator launch offering).
Coin burning is an important aspect of the XCAD ecosystem, as it eliminates tokens from circulation by sending them to a wallet to lock them forever. Most of the tokens are burned, while a small percentage is locked up. A portion of the tokens is used for initial creator token liquidity, while the remaining amount is used for risk management reserve.
Fans are also rewarded for engaging in the XCAD ecosystem, earning points by watching creators' videos. The amount of rewards is based on multiple factors such as video-related attributes and the staked amount of XCAD and creator token of the viewer in the liquidity pool. Rewards points are accumulated as a unit of value and are mapped to a coin value. Depending on their claim level, a finite number of tokens are directly rewarded to the fans. However, when the network is oversubscribed with claims, the amount is distributed proportionally, and the claims are rebased.
XCAD Network was founded by Oliver Bell (CEO), Joel Morris, and Bernice Thomas (CTO and co-founder). The currency was developed and released in the first quarter of 2022, with a maximum total supply of 1 billion XCAD tokens. The team behind XCAD Network is dedicated to creating a fair and transparent ecosystem for creators and fans to interact and build a sustainable future for the content creation industry.
The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.
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