Play Token

XCAD Network Play (PLAY) is the native token within the XCAD Network ecosystem's PLAY Area, a unique space dedicated to the concept of #Watch2Earn. The PLAY token is utilized to purchase, trade, upgrade, and repair Non-Fungible Tokens (NFTs). These NFTs are integral to the XCAD Network game ecosystem, as they may provide compensation to users based on their viewing habits. The PLAY token is intrinsically linked to the user's engagement within the ecosystem, rewarding them for collecting and maintaining NFTs that align with their viewing preferences.

The XCAD Network Play operates through a gamified experience that rewards users for their engagement. Users mint an NFT, which may provide them with PLAY tokens while watching specified content. The more efficiently a user mints and upgrades their NFT, and the more reliably they engage with content, the more value they bring to themselves and the creators within the PLAY community. To access the PLAY section in the XCAD Network App, users need a unique access code. Once obtained, users may receive PLAY tokens by minting their first NFT. The NFTs are associated with the user's wallet and determine how much they may receive from watching videos.

The primary use case for XCAD Network Play is within the XCAD Network ecosystem, where it is used to buy, trade, upgrade, and repair NFTs. These NFTs are essential for users to receive compensation within the game ecosystem. The PLAY token also has a role in the minting process, where users mint an NFT and may receive PLAY tokens while watching specified content. Furthermore, the PLAY token is used in the NFT marketplace for trading NFTs. The token's utility extends to the repair and upgrade of NFTs, which are necessary actions to maintain the potential compensation of the NFTs.

XCAD Network Play was launched on April 13, 2023, with an initial circulating supply of 350 million tokens. The Play Area, where the PLAY token is primarily used, was designed to create a gamified experience for users and creators. The concept of #Watch2Earn was introduced, potentially providing PLAY tokens to users by engaging with content in a way that benefits both the user and the creators. The PLAY token has an unlimited supply, which is minted depending on NFT demand and minting levels. However, it also incorporates several deflationary measures to maintain a balanced ecosystem.