Hey guys, welcome back to Zilliqa Zebra. Get the key facts on XCAD network and how it aims to help content creators monetise their audience.
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XCAD Network aims to help content creators monetize their content, while providing smaller creators tools to grow their channels.
First of all, Xcademy offers an educational portal where aspiring content creators can sign up a series of guides and classes by established YouTubers to learn the tools of the trade.
What's also interesting is that creators are able to launch their own content creator token, which can then be used to reward fans and followers through the XCAD Network ecosystem.
Besides the tokens, creators can also mint NFTs related to their profile or content as a means to monetize their content and audience to reward their followers.
For fans, they can earn fan tokens by watching at least 80% of their creators' videos, or engaging via the channel. This leads to a win win situations for creators and their fans and followers.
These tokens can then be trades for XCAD tokens on the Xcad decentralized exchange (DEX) just like any other tokens.
XCAD tokens are available on both ZRC2 and ERC-20 formats and as they have launched on 27 May 2021, the current price stands at $2.25.
Users should be able to easily swap between the two networks using the upcoming Ethereum-Zilliqa bridge on Poly Network.
I hope you've found this short explainer video useful. Bye now from Zilliqa Zebra!
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