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How Candao’s Decentralized Social Networks are Connecting Crypto Communities

The blockchain and crypto ecosystem has evidently come a long way witnessing adoption and several applications in the mainstream sector. However, amid this significant adoption, the ecosystem has been plagued with a slew of challenges that have slowed the widespread adoption of both technologies. Interoperability is a big challenge for the ecosystem such that most individuals and businesses have been unable to enjoy the full-fledged potentials of blockchain technology as well as cryptocurrencies. Yet, only a few solutions have been designed to address this problem.

CanDAO Builds Decentralized Ecosystem to Facilitate Exchange of Value

CanDAO is proposing a decentralized social media ecosystem to remedy this challenge while connecting users across the blockchain and crypto ecosystem. Candao is the first comprehensive social Over-Layer in the cryptocurrency world, connecting every chain, layer, and Dapp. Adopting the name DAO (Decentralized Autonomous Organization), which represents an online community made up of humans and powered by DLT and digital currencies, CanDAO aims to create an exact community and enable interaction among members using a wide range of tools.

The project is providing an overlaying set of tools and solutions that connect crypto communities in different locations, similar to how the Layer Zero Concept provides an underlying technology to facilitate seamless communication among blockchains. It aims to pivot seamless interaction between individuals and businesses with the tools and solutions it has lined up for the ecosystem. Some of the tools that Candao has designed include: Matchify, Candypad, Meta-scan, CandID, Candyshop, CandyGroup, Candychain, BonBon (BB). Each of these tools has utilities and offer immense benefits to the members of the Candao ecosystem.

The project is building a thriving ecosystem that belongs to everyone as long as they provide value. The DAO will comprise individuals and businesses that share the same business and social goals such that they can come together to inspire, share, engage and build values. Candao aims to be a platform that unlocks the ‘superpowers’ of individuals and allows them to tokenize the value they create, liquefy assets, connect existing ones, bring people together to build joint ventures and more importantly distribute profits among involved parties, as such fostering a collaborative profit-sharing initiative.

While advocating for interdependence among individuals and communities, Candao is in a bid to hasten the adoption of distributed ledger technology (DLT). Interoperability is necessary for the expansion of the industry. There is no limit to the calibre of persons and skills available in the Candao ecosystem. Advisors, freelancers, engineers, singers, sportsmen, affiliates, business owners, investors, influencers and many more can exchange value within Candao.

Native Token CDO to Power Candao Ecosystem

The ecosystem will be powered by native token CDO. CDO is an ERC20 token with a supply cap of 1.5 billion. Candao will use the native token to provide more utility and support governance within the DAO. In line with its vision to encourage interoperability, Candao has designed the CDO token with multi-chain functionality. CDO can be deployed and utilized on the Ethereum, Binance Smart Chain (BSC) and Polygon blockchains.

Disclaimer: This post is for informational purposes only. The information does not constitute investment advice or an offer to invest.

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