XCAD Network
Crypto Overview
Overview
XCAD Network is a platform built on Zilliqa blockchain that focuses on the creator economy, specifically targeting content creators and their communities. The platform enables content creators to tokenize themselves through Creator Tokens and offers a browser plugin that allows viewers to earn rewards while watching content.
Intended Utility
The XCAD token serves multiple purposes within the ecosystem: governance rights for protocol decisions, staking capabilities, and utility within the platform's marketplace. It's designed to facilitate transactions between creators and their communities, power the reward system, and provide access to exclusive content and features.
Actual Utility and Implementation
The project has demonstrated real utility through partnerships with major content creators and integration with platforms like YouTube. The XCAD plugin has been launched and is functional, allowing users to earn rewards while watching content. The platform has also implemented NFT functionality and creator tokens as promised in their roadmap.
Token Distribution and Governance
The token distribution includes allocations for development, marketing, and ecosystem growth. There are vesting schedules in place for team tokens and early investors, showing consideration for long-term sustainability. The project maintains transparency regarding token allocations and uses.
Development Activity
There is consistent development activity visible through regular updates to the platform, partnerships announcements, and ecosystem expansion. The team has delivered key milestones including the plugin launch, creator token functionality, and marketplace features.
Revenue Model Assessment
The revenue model is based on legitimate business activities including platform fees, marketplace transactions, and creator token launches. These activities involve real value exchange and don't rely on interest-bearing mechanisms or prohibited activities.
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.