Weekly Altcoin Update – Week 49

This week's Altcoin update is packed with information, highlighting Zilliqa, XCAD Network, and Reserve Protocol!

Zilliqa

The Zilliqa ecosystem has been focusing on the NFT industry for a while now, but the new ZRC-6 standard gives NFT developers much more flexibility with new significant features. The key features of this new standard are the ability to give creators royalties, essentially allowing them to get a predictable stream of revenue and perform batch operations for minting, burning and transferring NFTs. The new features make NFTs on the Zilliqa ecosystem more interesting for creators but significantly increase the accessibility of NFTs as a whole. Blockchain games and metaverse projects can allow users to buy items in bulk (i.e. health potions) by allowing batch operations. This lowers the overhead costs for the ecosystem and the consumer while making it a much more convenient and enjoyable user experience.

The Zilliqa metaverse, Zillaverse, is one of the major spearpoints of the current NFT focus of Zilliqa. The expectation is that the Zillaverse will open up opportunities for Zilliqa holders and projects building on top of Zilliqa.

XCAD Network

The Christmas campaign is the most extensive XCAD marketing campaign yet; 25 days of announcements of content creators, ecosystem integrations and more! Last week, the first hint was dropped with a cryptic Twitch video on the XCAD Network Twitter. Currently, not much information is available on the video, and we can only assume what is coming. Logically, a Twitch addon would make sense to enlarge the content creator pool by a significant number.

As highlighted in the previous paragraph, the remaining days until Christmas will be packed with content creator announcements. The total following o Xf content creators supportingCAD Network is over 100 million on YouTube and more than 9 million on Twitter. The increase in content creators will significantly impact the overall network activity of XCAD Network. This could increase the native token value due to the increase in demand while the total supply remains stable.

The Decentralized Exchange (DEX) of XCAD Network is coming up soon and, as highlighted in earlier weekly altcoin updates, will allow holders to stake their XCAD tokens for dXCAD tokens. Token holders that hold tokens in a non-custodial wallet are eligible to receive a dXCAD airdrop. In total, 12,000 dXCAD tokens will be airdropped, with a total value of 2.1 million USD. The airdrop will utilize snapshots that will begin on the 9th of December and end on the 4th of January.

Reserve Protocol

The Reserve mainnet is getting closer and closer, but a few significant updates have happened in the meantime. The Reserve app's User Interface (UI) has been updated with a more enjoyable User experience (UX). Additionally, the design is more straightforward for an average user and removes any complexity threshold. Making the UX more enjoyable makes the application more convenient for non-savvy users, increasing the probability of broader adoption.

One step of wider adoption is the integration of Valiu clients. Valiu was a popular wallet app in Venezuela with 100K users but recently ceased operations. Valiu users are incentivized to utilize the Reserve app with a 3 USD welcome bonus.