XCAD XCAD Network

Key Uses of XCAD Network

• Staking and Liquidity: Creators need to stake XCAD tokens to create their own Creator Tokens (CTs) and participate in Initial Creator Liquidity Offerings (CLOs). Viewers can also stake XCAD to increase their CT rewards. XCAD is paired with every CT in CLOs and locked to provide liquidity.

• Governance: XCAD serves as a governance token, allowing holders to propose and vote on the development of the XCAD ecosystem through the XCAD Governance Portal.

• Multichain Presence: XCAD is available across multiple blockchains, including Zilliqa, Ethereum, BNB Chain, Polygon, Metis, and Arbitrum. Users can transfer XCAD between these chains using the official bridges of each network.

• Creator Tokens and NFTs: Creators can launch their own CTs and mint NFTs to reward their followers. Fans can earn CTs by engaging with creators through the XCAD ecosystem via the XCAD browser extension.

• Trading and Swapping: The XCAD DEX (Decentralized Exchange) allows users to trade CTs for XCAD and other tokens. XCAD can be used to swap between different creator tokens.

• Watch2Earn Concept: Fans can earn CTs by watching videos from their favorite creators, creating a unique watch2earn experience. This model rewards viewers for engaging with content and allows creators to monetize their audience more effectively.

• Influencer MarketCap and NFT Marketplace: The Influencer MarketCap page displays current YouTubers who have joined the ecosystem and their CTs. The NFT marketplace will be the place to trade NFTs designed by creators within the XCAD ecosystem.

Pros of XCAD Network

• Innovative Tokenization: XCAD Network offers a unique platform for content creators to create and manage their own tokens, opening up new possibilities for interaction and revenue.
• Rewards for Fans: Fans are rewarded for their engagement and activity, which promotes a strong community around creators.
• High Scalability: By utilizing the Zilliqa blockchain, XCAD Network benefits from high transaction speeds and scalability, making it suitable for processing a large number of microtransactions.
• Multichain Presence: XCAD is available across multiple blockchains, including Zilliqa, Ethereum, BNB Chain, Polygon, Metis, and Arbitrum, providing flexibility and accessibility.
• Engaging Ecosystem: The platform provides tools for creators to launch and manage their own tokens, while fans can participate in various activities to earn tokens, creating an interactive and rewarding experience.

Cons of XCAD Network

• Dependence on Content Creators: The success of the platform strongly relies on the involvement and acceptance of content creators.
• Complexity: The multichain presence and various features might make the platform complex for some users to navigate.
• Limited Adoption: The platform's success is contingent on widespread adoption by both creators and fans, which can be challenging to achieve.

Additional Considerations

• Governance: XCAD serves as a governance token, allowing holders to propose and vote on the development of the XCAD ecosystem, which can be seen as both a pro and a con depending on the user's perspective.
• Marketplace and NFT Integration: The platform includes an NFT marketplace and allows creators to mint NFTs, which can be a pro for creators but might add complexity for some users.

Founders of XCAD Network

• Oliver Bell: The primary founder of XCAD Network, Oliver Bell is an entrepreneur with a background in innovation and blockchain technology. He previously founded Coin Wizard, an e-commerce website, and transitioned to blockchain focusing on investment and consultancy before co-founding XCAD Network.
• Joel Morris: Co-founder of XCAD Network, though less detailed information is available about his specific background and contributions to the project.

XCAD Network Investors

XCAD Network has 6 investors who have contributed to its funding rounds. These investors include:

• Jump Crypto: Participated in the Series A funding round.
• LD Capital: An asset/investment management firm based in China.
• AU21: A venture capital firm based in China.
• GBV Capital: A venture capital firm based in Hong Kong.
• Zilliqa: A corporation based in Singapore.
• Additional investors: Details are available on the project's financial overview pages.

Halal Status of XCAD Network

No, the halal status of XCAD Network is not explicitly mentioned in the provided sources. However, it is not listed in the halal crypto reports provided by Practical Islamic Finance, which suggests that its halal status has not been evaluated or confirmed by this source.

Key Points:

• Halal Evaluation: Not evaluated or confirmed by Practical Islamic Finance.
• Listing: Not listed in the halal crypto reports.
• Conclusion: The halal status of XCAD Network is not confirmed based on the available information.