Weekly Altcoin Update – Week 4

This week's HoC Weekly's Altcoin Update will be highlighting XCAD Network and Reserve Protocol!

XCAD Network

The XCAD Network ecosystem is about to launch its first Creator Liquidity Offering (CLO) and will burn a good chunk of the total supply of XCAD. The CLOs will have a significant deflationary effect on the total supply of XCAD Network. Due to that, liquidity providers are locking their XCADs forever into a liquidity pool. Consequently, the native token will get more scarce and potentially increase value. The upcoming XCAD plug-in will further strengthen the XCAD ecosystem by accelerating growth and opportunities.

The XCAD plug-in will potentially revolutionize how consumers consume content by rewarding them for their input. Consequently, the content creator gets rewarded for their efforts by the increase in engagement on their content which attracts new opportunities. Thus, the content creator has a financial incentive to increase the exposure of XCAD Network because it aligns with the creator's self-interest. By increasing the exposure and therefore usage, the revenue of the ecosystem increases, which can be allocated to business development and research to strengthen the ecosystem further. Subsequently, new opportunities will arise because of the increase in growth and exposure, attracting new integrators and eventually new content creators. The newly raised funds that can be used for business development will eventually lead to new features and integrations, essentially giving consumers and creators more tools and products.

The reach of XCAD is still relatively unknown; due to that, the plug-in is not released yet. However, the backing of multiple YouTubers with millions of followers will significantly increase the exposure and reach of the XCAD ecosystem. The upcoming few weeks and months will be interesting to understand if XCAD can transform millions of non-crypto currency people into cryptocurrency enthusiasts through their plug-in.

Reserve Protocol

The Reserve Protocol ecosystem is currently overlapping; however, there is quite a bit of development behind the schemes. The ecosystem is ramping towards the mainnet launch scheduled for April. The mainnet release has multiple significant implications by releasing two vital products. Reserve Protocol will introduce a yield token backed by a basket of DeFI yield-bearing assets. This yield token will allow holders to generate yield without direct exposure to the yielding bearing assets. Therefore, minimizing the complexity threshold for their users and allowing users to have a savings account on the Reserve ecosystem. Token holders will be eligible to stake their coins and receive a portion of all the Reserve stablecoin(s) earnings. It enables holders to make their capital in RSR efficient, making their portfolio much closer to the market portfolio (i.e., most efficient portfolio). Additionally, holders are eligible to create their stablecoins backed by a basket of ERC-20 tokens. These tokens will be called R-tokens. Therefore, allowing anyone to create their stablecoins as long it has enough collateralization.

The ecosystem is currently being supported by over 10,000 merchants in four different countries. It is expected that this number will only rise because of the increase in exposure in LATAM. Additionally, the clear focus on accessibility by making the Reserve App as easy as possible and allowing access to anyone will increase the usage of the ecosystem. Currently, the Reserve App has over 100,000 unique weekly users and this number is increasing.