On March 20, 2023, Candao, a decentralized social networking platform, will release its native token, $CDO. The $CDO token was developed with the platform in mind from the very beginning, and it will power interactions on the platform. Aside from that, Candao says that the structure of its decentralized social media network is designed to favour content creators.
How Candao works and why it could disrupt social media
Users on Candao have access to a framework that allows them to generate their own tokens for use on the network. By incentivizing content distribution with the Candao token, individuals can quickly rise to positions of power within the network. This is trendsetting in the social networking space. Also, by purchasing Candao tokens in advance during the pre-sale, users will be able to secure their spot on the network before the general public.
Candao’s mission is to facilitate the development of a community of people who share common social and business ideals through the sharing of experiences, information, and resources. Moreover, it offers a platform that enables users to generate their own tokens for use on the network. The Candao token can be used to facilitate a system of value transfer between users.
Modern features like NFT collections, encrypted communications, and more are all available in the social network protocol. Using its system design, the platform attracts users and distributes all rewards to them. Group profiles, group tokens, and social identities can all be established by platform users.
With the Candao token, people who actively participate in content sharing can be rewarded for their efforts and rise to positions of power within the network. Users can also “tokenize” their abilities and perform transactions through the use of barter, tokenized shares in a corporation, or tokens themselves. Candao’s decentralized structure and monetary incentives may help it gain a dominant position in the social media market.