XCAD Network (XCAD) is a decentralized platform that enables content creators to issue fan tokens, which can be earned by their audience through a Watch-to-Earn model. The platform allows creators to monetize their content and engage with their fans more effectively, while fans can earn rewards and participate in governance decisions. XCAD is the native token of the network, used for staking, governance, and trading creator tokens across multiple blockchain platforms.
The XCAD Network (XCAD) is a cryptocurrency project that empowers content creators to monetize their audiences and engage with their fans in a more rewarding manner. Here is how XCAD is used:
Key Uses of XCADStaking 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.
Influencer MarketCap and NFT Marketplace:
- The Influencer MarketCap page displays current YouTubers who have joined the ecosystem and their CTs.
- The NFT marketplace (not yet live) will be the place to trade NFTs designed by creators within the XCAD ecosystem.
- Watch2Earn Concept:
- Fans can earn CTs by watching videos from their favorite creators, creating a unique watch2earn experience.
The XCAD Network aims to bridge the gap between content creators and their audiences by providing a platform where both parties can benefit. Creators can monetize their content and engage with their fans more effectively, while fans can earn rewards and participate in the governance of the ecosystem.
To store XCAD Network (XCAD) tokens, you have two primary options:
Store XCAD Network in Your KuCoin Account:
- Holding your XCAD Network tokens in your KuCoin account provides quick access to trading products such as spot and futures trading, staking, lending, and more. KuCoin acts as the custodian of your crypto assets, ensuring you don't need to manage private keys. Ensure you set up a strong password and upgrade your security settings to prevent unauthorized access to your funds.
Hold Your XCAD Network in Non-Custodial Wallets:
- For maximum security, you can withdraw your XCAD Network tokens to a non-custodial wallet. This grants you complete control over your private keys. You can use various types of wallets, including hardware wallets, Web3 wallets, or paper wallets. However, this option may be less convenient if you plan to trade your XCAD Network tokens frequently or use them for other activities. Be sure to store your private keys securely to avoid losing access to your tokens.
To buy XCAD Network (XCAD) tokens, follow these steps:
Create a Crypto Wallet: Download a crypto wallet that supports the blockchain where XCAD Network is listed. Ensure you download the official Chrome extension or mobile app from the wallet's website.
Set Up Your Wallet: Register and set up your crypto wallet, taking note of your seed phrase and wallet address.
Buy a Base Currency: Buy ZIL (Zilliqa) as your base currency on Binance. If you are not an existing user, refer to the guide on registering and buying your first cryptocurrency on Binance.
Transfer ZIL to Your Wallet: Withdraw your ZIL from Binance to your crypto wallet, ensuring you set the network to Zilliqa and provide your wallet address.
Choose a Decentralized Exchange (DEX): Select a DEX that supports your wallet and the blockchain where XCAD Network is listed. Ensure the DEX supports the wallet you selected.
Connect Your Wallet to the DEX: Connect your crypto wallet to the chosen DEX using your wallet address.
Trade Your ZIL for XCAD: Select ZIL as the payment and XCAD Network as the coin you want to acquire. If XCAD Network does not appear, find its smart contract address on Layer 1's block explorer and paste it into the DEX.
Apply the Swap: Click the Swap button to complete the trade.
Alternatively, you can buy XCAD Network on centralized exchanges like KuCoin by following these steps:
Create a KuCoin Account: Sign up on KuCoin with your email address, mobile phone number, and country of residence. Verify your identity and secure your account with Google 2FA and a trading password.
Add Funds: Add a payment method, such as a credit/debit card or bank account, to buy USDT or other supported cryptocurrencies.
Transfer Funds to Trading Account: Transfer your USDT or other cryptocurrencies to your KuCoin Trading Account.
- Buy XCAD Network: Use your transferred funds to buy XCAD Network in the spot market. You can place market orders or limit orders to buy XCAD Network at a specified price.
Remember to always follow security guidelines and be cautious of scams when trading cryptocurrencies.