What Is XCAD Network (XCAD)?
XCAD is the native token of the XCAD Network, which is a decentralized tokenization platform for content creators on YouTube. If you want to see the live XCAD price, check out the XCAD Network price chat above.
So, how does it work? Essentially, content creators are able to create their own unique tokens, which can then be earned by viewers. As the popularity of a content creator increases, more Creator tokens are issued. In order to earn Creator tokens, viewers have to watch their content through the XCAD Plugin.
Then, the viewers can trade Creator tokens for other crypto assets on the XCAD decentralized exchange (DEX). Other than that, Creator tokens can be used to purchase non-fungible tokens (NFTs) developed by the content creators themselves on the XCAD NFT market.
Additionally, Creator tokens can be used to vote on polls considering the decisions that the creator plans to make, such as the kind of content s/he plans to release. Also, Creator tokens can be used to buy merch and other services offered by the creators.
Note that the Creator token price and other stats can be tracked on the Influencer MarketCap.
The Founders of XCAD Network
The XCAD Network crypto project was founded by Oliver Bell, Joel Morris, and Bernice Thomas.
Oliver Bell has a degree in business and IT. Prior to founding the XCAD Network, he was the CEO of Coin Wizard and strategic marketing consultant at Ditto Music. Besides, he also co-founded Solbell Mining and XCADEMY. Additionally, he is an advisor at Opulous and Blockasset.
Joel Morris has a degree in business. He is a content creator who has been creating YouTube videos since 2013. Besides that, he was the head of marketing at IYF Trading. Additionally, he founded FPS Protein and XCADEMY.
Bernice Thomas has a degree in computer science. Prior to founding XCAD Network, she worked as a full-stack web developer at Motokiki.
The Purpose of XCAD Tokens
XCAD is the utility token of the XCAD Network. The following are the main use cases of XCAD Network coins:
- XCAD tokens are the driving force of the XCAD DEX.
- XCAD is the only possible trading pair with Creator tokens.
- Holders of XCAD can vote to decide which creators can tokenize their content.
- By staking XCAD tokens, viewers can earn a Multiplier on Creator rewards.
- XCAD tokens are used to power all Creator Liquidity Offerings.
Don't forget to take a look at the XCAD Network price chart above in which you can see the live XCAD price.
Tokenomics of XCAD Tokens
The max supply of XCAD Network tokens is 199,105,531. This means that the tokens are deflationary and they cannot exceed the max supply. Besides, the XCAD Network employs a buyback-and-burn mechanism. It uses trading fees gathered on DEX, in addition to the profit from the NFT market, to buy XCAD tokens and then immediately burn them.
Though if you plan to buy XCAD Network coins, note that the XCAD price is liable to change. Why? Mainly because the volatility of the whole crypto market tends to impact the prices of various crypto assets, including the XCAD Network price.