Although the paths of the co-founders of Candao, Pawel Barylski, and Robert Wesker crossed by chance, the project has come with interesting innovations to the blockchain and crypto space. Candao was founded in early 2021 but has made great progress since its launch. The project is designed with several innovative features that include Matchify Algorithms, Meta-scan, CandyPad, CandyChain, CanID, and so on.
The Candao Launchpad (CandyPad) seeks to disrupt the traditional method of startup founders and entrepreneurs raising capital for their business. According to CB Insights, the top reason many businesses and startups fail is due to the lack of cash or the inability to raise new capital. Many blockchain-powered projects are seeking to leverage the power of social media to help entrepreneurs and business founders raise money for their projects. Candao’s Launchpad appears to be leading the charge in this regard.
Overview of the CandyPad
Candao’s CandyPad offers a progressive, allocation-free, and trustless social launchpad that allows the community members and users to vote on whether their money should be unlocked by the fund-raiser depending on the pre-agreed Key Performace Indicators (KPIs). Users and community members have the freedom to invest any amount of their choice in any project. Getting in early on these projects offers the users the opportunity to earn higher rewards for the success of the project.
The CandyPad is like a Decentralized Autonomous Organization (DAO) where members decide on what happens within the system. Members can decide on the business to fund and the amount. This has created a level playing field for everyone and anyone to be successful in their business. It is different from the situations where you will have to be at the mercy of a few Venture Capitalists (VCs). With Candao’s CandyPad, you can build and expand your business by leveraging the social network communities and not relying on making new contacts.
The Candao Launchpad distributes revenue to all active communities. If you get involved with your community, you can create tokens and maximize your potential as a member. Candao makes you see your money as data, and it is entirely up to you to determine how much data you generate. As a community member, you can increase your earning ability within the platform by investing in individuals and companies, creating a source of income for yourself, providing product and service recommendations, and you can also work as a creator on a project.
The Candao Social Network Launchpad allows community members to collaborate/partner with like-minded individuals on projects. Members can also build on-chain trust for themselves and their team members.
How The CandyPad Works
Candao’s CandyPad creates an ecosystem where startup founders and entrepreneurs to network with like-minded members within the community. They can collaborate and raise money to develop their community further and support their businesses. The CandyPad enables these founders to present their businesses concept without any barrier, build a viable community around the business using cost-effective marketing tools.
The launchpad also enables the community to reward members who desire to be part of new projects with project tokens. The token reward is in exchange for their services. For people that don’t have access to capital or the network to build great ecosystems for new startups, Candao’s CandyPad provides a good starting point with a viable community.
Leveraging the power of social media to help business founders raise funds and build viable ecosystems is undoubtedly a revolutionary concept in the business space. Candao’s launchpad is arguably the missing piece for founders struggling to fund their business and build an active community.