Altcoin update – Zilliqa Week 20 This week’s altcoin update is | House Of Chimera

Altcoin update – Zilliqa Week 20
This week’s altcoin update is solely covering Zilliqa, considering the other coins have been covered in the last weeks.

XCAD Network
XCAD Network is revolutionizing the monetization of content creators by NFTs, a tokenized economy, and a marketplace. It is one of the most promising projects powered by the Zilliqa team and is getting recognition outside of the Zilliqa platform. The ecosystem is supported by KSI and Mr Beast, both are incredibly popular with a following of more than 90 million subscribers on YouTube.

The ecosystem is bringing a lot of buzz and exposure to the Zilliqa ecosystem. The hype surrounding the project is highlighted with the gate.io lock up, which was oversubscribed by nearly 300 times. House of Chimera is incredibly bullish on the XCAD Network and will keep an eye on this incredible project.

Pillar
The project launches the first USD-backed stablecoin on the Zilliqa ecosystem. The stablecoin is backed by excessive collateral, therefore there the collateral ratio is higher than 1:1. The Pillar protocol allows users to borrow and repay collateralized debts. Essentially letting Zilliqa users tapping into multiple DeFi products while benefitting from the design structure of Zilliqa i.e. inexpensive, fast and secure. The Pillar protocol is being managed by Governance Zilliqa (Gzil) token holders.

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