XCAD Network
Crypto Overview
Purpose and Utility
XCAD Network is a platform built on Zilliqa blockchain that aims to tokenize YouTube content creator engagement. The XCAD token serves multiple purposes within its ecosystem: governance rights, staking capabilities, and utility within their creator tokenization platform.
Business Model
The platform allows content creators to launch their own tokens, which fans can purchase to access exclusive content and benefits. XCAD also features a browser plugin that rewards viewers with tokens for watching content. The project generates revenue through platform fees and partnerships with content creators.
Real-World Adoption
XCAD has established partnerships with several YouTube content creators and influencers. The platform has launched creator tokens and maintains active development of its ecosystem. The project has integrated with multiple blockchain networks including Zilliqa and BSC to expand its reach.
Development Activity
The project maintains regular development updates and has launched several key features including their plugin, NFT marketplace, and creator tokenization platform. The team consistently delivers on roadmap milestones and maintains transparent communication about development progress.
Token Distribution and Vesting
The token distribution includes vesting periods for team members and early investors, with transparent schedules publicly available. The project maintains a balanced distribution model that aligns with long-term development goals.
Revenue Model Analysis
The revenue model primarily relies on platform fees from creator token launches and transactions, which does not involve interest-based income or prohibited activities. The platform's core functionality focuses on content creator engagement and reward systems rather than lending or gambling mechanisms.
Crypto Impact
To assign a comfort level investing in XCAD Network from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to XCAD Network.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.