Because the PLAY token is gaining on-chain traction, we decided that it’s time we take a closer look at the XCAD crypto project and PLAY.
If you don’t know what XCAD Network is all about, make sure to dive into the following sections. However, if your main goal is to learn how to spot altcoin gems like the PLAY token, you can skip straight to the “Use Moralis Money to Find Crypto” section.
After all, the next bull run is looming, and you should get ready to spot alts with high potential before they go parabolic! While XCAD and PLAY might perform well, they are just two of countless altcoins.
The Moralis Money Pro plan allows you to spot the best opportunities and be first on the ball!
You can use the interactive widget below to take Moralis Money for a spin – simply select one of the preset filters or apply your unique search criteria.
Exploring XCAD Network – What is the XCAD Crypto Project?
XCAD Network aims to revolutionize the creator economy via tokenization. The project went live in March 2021 and has already launched a special application (browser extension) that allows YouTube creators and their followers to join the “watch2earn” revolution. Their website states: “XCAD Network is pioneering the #Watch2Earn revolution.” They do so by enabling fans to earn Creator tokens by simply watching their favorite content creator directly on YouTube.
Every YouTuber that joins XCAD Network can use this ecosystem’s tools to create their own “Creator” token. Then, they can give their followers and content viewers a chance to earn those Creator tokens (CTs). Viewers get to do that via the XCAD browser extension, which also allows them to then utilize CTs. Users that earn CTs can then stake or trade those tokens.
Essentially, the browser plugin does its thing in the background while viewers use YouTube as usual. This means that the XCAD crypto project offers a unique way for YouTubers to incentivize and reward their fans. Basically, with the XCAD browser extension, viewers get to earn cryptocurrency while watching. That’s where the “watch2earn” feature comes from.
Why XCAD Network is Unique
As pointed out previously, XCAD is pioneering the watch2earn concept. Plus, the project includes an extensive ecosystem (see the image above):
- Through Influencer MarketCap, anyone can view current YouTubers who have joined the ecosystem and what their CTs are.
- The XCAD DEX is a decentralized exchange where people can connect their wallets and swap CTs for XCAD, XCAD for ZIL, and other Zilliqa-based tokens.
- XCAD Governance Portal enables creators to propose and vote regarding further development of the XDAC ecosystem.
- XCAD Plugin is the tool that enables both creators and viewers to make the most of this unique watch2earn project.
- The project’s NFT marketplace is not live yet, but once it is, this will be the place to trade NFTs designed by the creators that are a part of the XCAD ecosystem.
- XDAC Launchpad is a dapp that enables YouTuber creators to make their CTs by raising the initial liquidity.
Another not-so-common aspect of this project is that it is based on the Zilliqa blockchain. Hence, this decentralized network offers fast transactions at a very low cost.
All in all, the XCAD crypto project is a unique approach to helping creators monetize their content and audiences and to help users further engage with their favorite YouTube creators and earn crypto by watching videos.
The XCAD Crypto Vision
As the above image indicates, the XCAD crypto vision is threefold: lead the watch2earn revolution, bring creators and fans closer, and create “NFT Moments.” With that said, let’s look at each of these aspects a bit more closely.
- #Watch2Earn – XCAD Network’s vision is to create a new system that aims to reward YouTube viewers for watching creator content. At the same time, provide additional incentives for creators.
- Bringing Creators and Fans Closer Together – With over 2.1 billion active users, YouTube has achieved mainstream adoption and has become a valuable platform for content creators to connect with their fans. So, the XCAD crypto project aims to enhance the creator-fan connection by allowing fans to participate in the success of their favorite creators while also providing value to creators themselves.
- NFT Moments – The XCAD team believes that NFTs need to evolve further. They see their gamified and utility-based NFT collectible system as an important part of the NFT evolution. Their vision is to turn the most iconic YouTube creators’ moments into NFTs. Then, users will have a chance to build up their “Moments” collections by opening NFT Moment packs. Or, they’ll get to buy/sell those NFTs in the secondary marketplace.
The XCAD Coin – What is XCAD?
The XCAD coin is the native cryptocurrency of the XCAD ecosystem and serves multiple purposes.
YouTube creators that want to join XCAD Network and offer their viewers unique tokens need to stake XCAD tokens. This gives them access to initial creator liquidity offerings (CLOs). This also means that XCAD is paired with every CT in CLOs and locked to provide liquidity.
So, on the one hand, creators need to stake XCAD to create their own CT tokens. The higher their stake, the larger the payouts. However, even viewers can stake XCAD to increase CT rewards. The XCAD coin also serves as a governance token.
It’s also worth pointing out that the XCAD coin is available across several blockchains, including Zilliga, Ethereum, BNB Chain, Polygon, Metis, and Arbitrum. To transfer XCAD between those chains, you need to use those networks’ official bridges.
How Does the XCAD Crypto Token Work?
XCAD Network allows creators to launch their own Creator token (CT) and mint NFTs to monetize their audience and reward their followers. This means fans can earn tokens by engaging with creators through the XCAD ecosystem via the XCAD browser extension. The latter enables them to trade CTs on the XCAD DEX without knowing anything about blockchain tech.
XCAD tokens, reward tokens, and NFTs are powered by blockchain technology, but the platform aims to minimize barriers to entry while still allowing more advanced users to leverage their tokens in external DeFi platforms.
To help you further understand how XCAD works, look at the two images below. For a deeper dive, explore the project’s official website.
- Sources of XCAD Network income:
- CLO overview:
How to Buy the XCAD Coin
There are many ways you can purchase the XCAD coin. One of the best ways to see all available places to buy XCAD crypto assets is to visit XCAD’s CoinMarketCap page. There you need to select the “Markets” tab, where you will find the names of CEXs and DEXs that support XCAD and relevant trading volumes:
If you need more detailed guidance on how to buy this altcoin, we recommend you hit the “Buy XCAD” button on the XCAD Network homepage:
There, you will find the XCAD token price at the top. Plus, a separate section with step-by-step instructions on how to buy the XCAD coin via the four leading methods.
XCAD Network and the PLAY Token – What is PLAY?
Now that you are familiar with the XCAD crypto project, you are ready to take a closer look at the PLAY token. Let’s start by explaining the relationship between XCAD Network and PLAY.
The PLAY Token’s Relationship with XCAD Network
The XCAD Network ecosystem recently launched the PLAY ecosystem, and the PLAY token is the native cryptocurrency of that experience. By adding the “PLAY area” to the XCAD dapp, XCAD Network is starting to fulfill its commitment to creating a gamified experience for YouTube viewers and creators. Once launched, the XCAD NFT marketplace can be used to trade PLAY NFTs.
This extension splits the XCAD ecosystem into two parts. Related to CTs is the fan token area, while the PLAY area aims to be the core of the watch2earn concept. The fan token area focuses on a direct relationship between content creators and fans. The PLAY area focuses on a gamified experience for users.
How Does PLAY Work?
In the PLAY NFT experience, users need the PLAY token to buy, trade, upgrade, and repair NFTs. Plus, viewers have a chance to get rewards for supporting their favorite YouTube creators and their viewing patterns in the form of PLAY tokens. When users mint a PLAY NFT, they can earn PLAY tokens when watching specific videos.
To participate in this experience, users must have either the XCAD Network mobile application or a browser extension. From there, users get to access the PLAY area. For detailed instructions on how to do that and other details regarding PLAY NFTs, visit the PLAY ecosystem docs:
How to Get PLAY Tokens
To start earning PLAY, you need to activate your PLAY NFT. Once you do that, you will see all the channels that allow you to earn PLAY in the “Earn” tab of the XCAD application.
On the other hand, you can get PLAY by buying it with other cryptocurrencies. You can again use CoinMarketCap to access the “XCAD Network Play” page. Then, you can view all the markets that offer PLAY trading pairs:
PLAY Token On-Chain Data on Moralis Money
As pointed out in the intro, we spotted PLAY with Moralis Money. The current on-chain data for the PLAY token shows that this new “watch2earn” altcoin is gaining traction. By looking at the screenshot below, you can see that it experienced more than 100 new holders and a one million dollar increase in liquidity in the last week.
With that said, now might be a good time to get a bag of PLAY. However, make sure to DYOR before buying this token. Of course, you can also set up your XCAD account and start earning PLAY.
However, we believe that there are many other opportunities that the crypto space has to offer. After all, new altcoins emerge every day on multiple blockchains. The best way to spot those opportunities is to look at on-chain data. Fortunately, Moralis Money offers that in a user-friendly, actionable manner.
Just in the last couple of months since Moralis Money has been live, Pro plan users managed to pocket some serious gains on altcoins like the RDNT coin, the CHAD token, the WOJAK token, the PEPE token, and many others.
The power of Moralis Money comes in the form of three core features. They are designed to help casual traders overcome FOMO, scams, and lack of time – the three most common obstacles that altcoin investors face.
- Token Explorer – Spot altcoin opportunities based on reliable, real-time, on-chain data and never FOMO into coins near the top again!
- Token Shield – Reduce your risk of being scammed by looking at tokens’ security scores.
- Token Alerts – Run on-chain queries to spot new opportunities on autopilot – receive an email notification whenever a new coin matches your search criteria!
Use Moralis Money to Find Crypto
So, how to get started with Moralis Money?
Well, the fastest and simplest way to get going with this crypto analysis tool is to select one of the preset filters on the homepage:
However, your goal should be to use unique filters. This will help you spot unique opportunities and level up your altcoin trading strategy.
With that said, here’s a four-step process that will enable you to find the best crypto to invest in 2023 and beyond:
- Open Token Explorer.
- Apply the Coin Age filter if you wish to hunt newly-minted coins. Or, use the Market Cap metric to focus on more seasoned coins.
- Determine which coins are getting traction by adding filters like Holders, Buyers, Experienced Buyers, and Liquidity.
- Tweak these applied filters and add additional ones if necessary to further polish your list. Essentially, you need to select a metric and a filter, enter a value, select a timeframe, and run your query until you find your winning combo!
You can start practicing the above steps and spot some solid opportunities with a free Moralis Money account. However, to identify opportunities as they appear, you want to opt for the Pro plan. Then, you can analyze on-chain data on weekly, daily, and even hourly timeframes.
XCAD Network – The XCAD Crypto Project and PLAY Token Explained – Summary
Throughout the above sections, you were able to meet the XCAD Network project and the watch2earn concept. You now know that this unique project is building incentives to reward YouTube creators and their fans with Creator tokens.
You also learned that the XCAD crypto project launched a new utility reward token: PLAY. The latter is an essential part of the gamified experience for XCAD users. The PLAY ecosystem allows fans to create and trade NFTs and to earn PLAY by watching specific content.
Nonetheless, we pointed out that while both XCAD and PLAY might deserve your attention, you shouldn’t limit yourself to any particular coin. After all, crypto markets are always on 24/7, and there are countless new opportunities that you can take advantage of. You now also know how to use Moralis Money to spot these kinds of opportunities on autopilot.
Start using Moralis Money Pro to master identifying the best altcoins to invest in at any given time before the next bull run takes off!
