XCAD Network is a platform that offers tokenization and NFT capabilities to content creators. It enables creators to issue their own fan tokens and directly reward their viewers on YouTube for engaging with their content. Essential information for their token is available on the MEXC Digital asset introduction page. Furthermore, we are listing (PLAY/USDT – Trade it here) on our Innovation Zone! Check it out now!
What Exactly is XCAD Network?
XCAD Network is a cutting-edge tokenization platform designed specifically for creators. The platform enables YouTubers to issue their own tokens and reward their viewers for engaging with their content directly on YouTube. With the XCAD Plugin, fans can earn their favourite Creator tokens by watching tokenized creators on YouTube. Some of the biggest YouTubers, such as KSI & Mr Beast, are backing XCAD Network. Furthermore, a multitude of creators is releasing their own Creator Tokens. You can find a list of all announced Creators by following XCAD Network on Twitter.
The XCAD Network platform offers fans a unique opportunity to earn Creator tokens for free by simply watching their favourite Creators on YouTube. If a viewer has the XCAD Plugin or XCAD App and watches 80% or more of a tokenized Creators’ video, they will be rewarded with the Creator’s token. These tokens can be used to vote on polls from their favourite Creators. The more tokens a viewer holds, the more weight their vote carries. This means that the most loyal fans have the most say in a Creator’s content. Additionally, viewers can purchase an EGG NFT with XCAD to get a multiplier on the rewards they receive from watching videos.
Furthermore, fans can trade their Creator tokens for other Creator tokens, and use them to buy merchandise, perks, NFTs, and much more. XCAD Network offers a seamless experience for both Creators and fans, revolutionizing the way creators monetize their content and engage with their audience.
What is the Usage of Play Token in XCAD Network
PLAY Token powers the Watch2Earn game within the XCAD Network Ecosystem. PLAY Area is a gamified platform designed to reward viewers for supporting their favourite YouTubers. It also promotes viewing patterns that benefit Creators the most. By minting an NFT, users can earn PLAY tokens while watching specified Creators’ videos. Users can compete to mint and upgrade their NFTs most efficiently and watch videos in the most reliable way as a fan. This adds value for users who are able to do so, and for the Creators involved in the PLAY community.
It’s important to note that viewers can earn both PLAY Tokens and Fan Tokens simultaneously while watching qualifying videos. With this platform, users have the opportunity to engage with their favourite YouTubers in an exciting new way, while also earning rewards. By offering a gamified experience, PLAY Area adds a unique and valuable layer to the YouTube viewing experience for both viewers and Creators.
Tokenomics of PLAY Token
The Play Area is a distinct section of the Plug-In that operates independently of the fan token model. To participate in the Play Area, users can mint an NFT within the Plug-In using XCAD and PLAY tokens. These NFTs have distinct characteristics that impact the rewards users receive when watching videos. It’s important to note that the rewards earned from the Play Area are only in Play tokens.
The PLAY Token has an unlimited supply, which will be minted based on NFT demand and minting levels. However, the PLAY token has several deflationary measures. This includes NFT Minting (93% burnt), NFT Repairing (96.5% burnt), Upgrading Characteristics (96.5% burnt), and NFT Trading (3.75% burnt). These mechanisms provide multiple ways of decreasing supply while maintaining a gamified experience for all users.
Additionally, the breeding of NFTs is another mechanism that could potentially result in a burn. However, the details of that are yet to be confirmed. Overall, the Play Area provides a unique and engaging way for users to earn rewards through the creation and management of NFTs while also incentivizing deflationary measures to maintain the value of the PLAY token. Learn more at their whitepaper now!
Where to buy PLAY Token
You can find PLAY Token here at MEXC! We are listing PLAY/USDT in our Innovation Zone!
What is the Price of PLAY Tokens?
The price of PLAY Token is coming to MEXC soon! You can check the live price of their token right here!
How to buy PLAY Tokens on MEXC
You can buy PLAY Tokens on MEXC by following the steps:
- Log in to your MEXC account and click [Trade]. Click on [Spot].
- Search “PLAY” using the search bar to see the available trading pairs. Take PLAY/USDT as an example.
- Scroll down and go to the [Spot] box. Enter the amount of PLAY you want to buy. You can choose from opening a Limit order, a Market order, or a Stop-limit order. Take Market order as an example. Click [Buy PLAY] to confirm your order. You will find the purchased PLAY in your Spot Wallet.
You can find a detailed guide on how to buy PLAY Tokens here.
Keep Yourself Updated With The Crypto Trend
Check out all of the listings in the Innovation and Assessment zones as well as the major tokens in the Main Zone – we have more amazing projects to come! What’s more, MEXC lists moonshots and offers access to trade major cryptocurrencies. Visit the Hot Projects section as well to uncover more featured popular tokens. Lastly, feel free to visit MEXC Academy to learn more about cryptocurrency!
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