An XCAD Update — 8th March 2023

Oly Bell
XCAD NETWORK
Published in
4 min readMar 8, 2023

Dear Community,

We have had a very exciting Q1 so far, hitting the first real milestone in terms of users & downloads (100k+). However, as many of you know, this is just the start, and we won’t be stopping at anything short of mainstream adoption.

Here is a quick update on different areas of the project and some patch notes from last week’s Android and chrome store update.

Growth Campaign

As I previously mentioned, there is a growth campaign starting at some point this month. Further details in regard to the dates and content of this growth campaign will not be shared for now. However, I will say this is going to be an exciting one. The team is very excited to share everything with you all. We have been very focused on the product of late, and that’s going to continue of course, but for this campaign, we’re going to be bringing back the ‘hype’.

Play Area

The PLAY Area is set to launch this quarter — exclusively on Binance Smart Chain. Fan tokens will remain on Zilliqa for now, and in the future shift to multichain. We are in the final stages of testing and audits for Play. In light of the success of STEPN last year, we’re very excited to be launching our own game with a #2Earn model but focused on watching YouTube. We have a lot of exciting details to share regarding marketing, economics, NFTs and other bits of key information relating to PLAY.

Growth Metrics

We’ll publish an exciting report regarding our growth metrics, DAU (Daily Active Users), MAU(Monthly Active Users), eggs, watches started and so on at the end of Q1 (March)

Egg Hatching Update

We have been doing constant internal user testing, as part of our commitment to building a product which is seamless to use for Web2. We’re strong believers that this is essential for mass adoption. The Egg hatching has created some confusion amongst the internal testing groups, and live user feedback, for this reason, we’ve decided to delay it til the 8th of June 2023. The hatching was not going to affect the Egg’s Multiplier, and therefore this delay does not impact anyone’s Creator token earnings. The app will shortly be updated to reflect this.

Feedback and general updates on product growth.

Users are scaling up on the platform, as a result, we are learning a lot, and making user-driven changes. For example, a handful of users are confused about what happens after they watch a video, e.g. where the video goes, what validating means & where is their ‘reward’. Another example would be the cost of eggs in certain regions, hence why we have introduced a Lava egg, which comes with a lower multiplier and lower cost, which makes our product accessible to a wider user base. You can see the latest release details from our update last week below. There are more updates in the pipeline too, so watch out for those.

Release Summary of version

Our latest release features fixes to enhance the app’s UI/UX and the addition of a new “Lava” Egg, which will be the most affordable one in the app.

Release Notes

  • NFT: New Lava Egg
  • Fan Token Area: With the new UI, users can easily access “boost” and “claim” buttons located at the top right corner of the page, ensuring they are always visible while browsing the fan tokens section.
  • Home Page: We have added a “Discover More” section where all the available creators are on the app, also there is a new Featured Creators area.
  • MFA: Instead of mandating 2FA after the second login, we have updated the system to only require 2FA when users attempt to send tokens to another wallet for the first time.
  • Creator’s Profile: The system now displays the total number of watches under the “Validating” and “Issued” status. By clicking on the “See All (Watches #)” button, users will be directed to the wallet section for that specific creator.
  • Watch Status: Users can now filter the videos they have watched on the wallet section. The following statuses are available:

- Tracking: when a user is currently watching a video.

- Validating: when a user has finished watching a video and their view is being validated.

- Failed: when there is an issue validating their reward, the reward will not be issued.

- Processing: when the view is successfully validated and the reward is being processed.

- Issued: when the reward has been processed and issued into the user’s wallet.The best is yet to come.

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Published in XCAD NETWORK

XCAD Network is an NFT and fan token platform for YouTubers. It allows Youtubers to issue their own fan tokens which can be earned by their fans for watching their content directly on YouTube. These tokens can be used to vote on decisions around a creators content.

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