Is XCAD Network’s Sensational Announcement a Farce?

Key Points:

• XCAD Network enables earning through watching YouTube via a Watch-to-Earn protocol.
• Its March 27 announcement stirs both speculation and skepticism without any concrete details.
• The current price of XCAD has dropped 80% from its peak, standing at $1.74 as of March 2024.

YEREVAN (CoinChapter.com) — XCAD Network wants to announce “huge announcements” on March 27. Yes, it sounds funny that the blockchain network has not shared anything crucial about these announcements — except a so-called “product launch” — but has strongly sensationalized them. That gives off a shady vibe, given the nature of unnecessary hype one witnesses in the crypto market.

And fairly enough, some are asking the question, is this announcement a farce? Let’s dive and see.

XCAD Network’s Watch-to-Earn Model

The XCAD Network is a Watch-to-Earn protocol where one can earn rewards for watching videos on YouTube. This protocol aims to bridge the gap between creators and their fans with additional customization and monetization for both fans and content creators.

More specifically, XCAD Network allows content creators to create tokens of their own. Moreover, XCAD involves NFT “creator moment” integration. These “creator moment” NFTs can be traded, collected, or earned. Also, XCAD has its own Youtube-compatible plugin that seemingly serves the comfort of its goals.

Lastly, XCAD uses DeFi elements such as staking and governance that serve as opportunities for token holders to stake for rewards and influence creator decisions.

The “Groundbreaking” Announcement

The nature of XCAD’s upcoming announcement asks for speculation by itself. It can be potential expansions, strategic partnerships, or technological breakthroughs. Or it can be the announcement of a new sub-project that can give XCAD more dimensions and presence than before.

However, with loud announcements also comes a degree of skepticism. The crypto industry, time and time again, saw its fair share of announcements that failed to live up to its proclamations. So it’s only fair for some not to hop onto the “hype train” until more concrete details emerge.

Frankly, it’s too early to say whether this announcement is a farce or not. So cautious optimism and a wait-and-see approach are best advised. Investors and blockchain bros would potentially do well to wait for March 27 before jumping to conclusions.

XCAD Network Price is Booming Ahead of Huge Announcements

In terms of price dynamics, XCAD peaked in January 2022 at $9.08. However, as of March 2024, XCAD is down from its all-time high by a hefty 80%. The current price of XCAD Network is $1.74, up over 100% from its market low of $0.93 in January 2024.