What is Xcademy?
Xcademy is a browser extension that lets you collect tokens from your favourite YouTubers (if Xcademy has accepted them) when you watch 80% or more of their videos. No cost at all to you.
It's a bit like playing a game when you collect coins (PokemonGO and collecting pokemon), except these Xcademy tokens will have real-world value! We will dive into the multiple uses of these tokens now!
Token Use-Case
Xcademy has essentially made the stock market of YouTubers, something that MrBeast has mentioned! These tokens have a value dependent on a YouTubers channel views, subscribers and more analytics. So if a YouTuber gets more subscribers and views over time, their token will increase in value $$$. If their channel is starting to decline, then their token will depreciate too.
For example, if MrBeast created a token called $BEAST a year ago and you got some of his coins, it would be safe to assume that this token would have risen in value due to an increase in views and subscribers within his channel.
You can use these tokens in multiple ways:
- Exchange XCAD to fiat (GBP, USD, EURO)
- Stake XCAD to get more and increase your multiplier to earn more tokens from YouTubers
- Convert XCAD into NFTs that the YouTuber has made #watch2earn
How can you track the Youtuber tokens?
Xcademy will release a website – http://influencermarketcap.com that will list all the Youtubers on their platform and the value of their tokens. It will look similar to other websites displaying a one day, seven days and one month change in their tokens so you can identify trends in YouTubers. You now can trade 'stocks' on YouTubers without any initial investment!
You can also buy the YouTubers tokens if you believe they will be more successful and ride their wave until you wish to trade it for another token or back to fiat! Xcademy aims to make token swapping so straightforward for everyone that you won't even realise that blockchain is involved, but instead, it feels like a game, like FIFA points.
Suppose you understand how tedious blockchain dexes can be. In that case, you will appreciate it even more than Xcademy aims to create ONE button to allow you to swap from $Youtuber token to fiat in only one transaction.
Riding the wave
Imagine you bought logan pauls tokens after he tanked after the suicide forest incident, he has gained many views and subscribers since, but even though it was a risk to take a gamble on him, it would have paid off handsomely for those who would have taken that risk.
Xcademy Exchange
Since Xcademy will be tokenising YouTubers, there will be many tokens which can be confusing. Xcademy aims to tackle this by creating their exchange for the $youtuber tokens, so you would be able to trade a $BEAST token for a $KSI token and vice versa. Xcademy will run on the Zilliqa blockchain, and their exchange will run on Zilliqa too, which means minimal fees for trading compared to ethereum. Ideally, you'd be spending less than pennies for a transaction, but you'd offset that cost so fast as you are earning tokens for free by watching your favourite creators!
Bear market!?!
People watch youtube videos during a bear or bull market, so this means xcademy will thrive in both a bear and bull market. Its price could take a hit during a bear market like the rest of the market, but the number of users of the xcademy extension could increase, making it even more bullish. Real-world adaption is what will make projects successful!
At the start of Covid, there was a fall in crypto. Imagine if Xcademy was out then. People were using youtube every day as entertainment when we were locked inside. Youtube carries on to grow bigger and bigger, with more traffic, which means xcademy will only grow bigger and bigger too.
Closing remarks
I am a big fan of Xcademy, not only for the product itself but for the team behind xcademy. The CEO is Oliver Bell, who has been a prominent character within the crypto scene for many years and worked with multiple companies like TheDaoMaker and is currently an advisor to Opulous and BlockAsset. I can see Xcademy getting adopted over time, especially as our world moves towards more video content than written content.