Weekly Altcoin update – Week 44

This week’s altcoin update will highlight all the implications of the XCAD Plugin and the upcoming XCAD DEX!

XCAD Network

The XCAD plug-in is currently in beta and is distributed to content creators and reviewers to provide valuable feedback and to explain how the plug-in works to their audience. The main features of the beta plug-in are similar to the alpha plug-in a few months ago; however, there are a few significant changes.

First of all, the user interface (UI) is much more smooth and clean; however, the UI is subject to change, and there is a clear focus on user experience. Secondly, the plug-in gives users feedback on activation; therefore, it is easier to understand if they can earn content creator tokens.

Thirdly, the plug-in is available in various languages such as Spanish and Slovak. The XCAD Network team does recognize their audience, which mainly will consist out of non-crypto currency users. Therefore, an easy-to-comprehend UI is vital for the adoption of the product. The plug-in works fairly well; there are some false positives in recognizing the content creator; however, these cases are rather slim. In general, the XCAD plug-in made some significant improvements to its UI, stability, and overall UX. Due to the beta state of the XCAD Plugin, most aspects of the plug-in are still subject to change and cannot be taken for granted.

The XCAD Decentralized Exchange (DEX) had some significant changes over the past week. The decentralized exchange will allow ZRC-2 tokens to be listed against an XCAD pair. Additionally, the XCAD asset will get a USDT pair.

Liquidity providers for these ZRC2/XCAD pairs will receive dXCAD tokens as a reward on top of the trading fees. The dXCAD token is an exchange token, which can be utilized for single asset staking for ZRC-2 assets. The trading fee on the XCAD DEX is 0.3%, which can be broken down to: 0.16% LP fees, 0,04% treasury, and 0.10% gets burned. Therefore, the XCAD DEX will introduce a deflationary mechanism that will impact the circulating supply and possibly the value of the native token XCAD.