Candao operates within the cryptocurrency MLM area of interest.
The corporate names two executives on its web site; co-founders Pawel Barylski and Robert Wesker.
Pawel Barylski and Robert Wesker each seem like a random crypto bros from Poland.
Barylski doesn’t seem to have achieved something vital, which presents itself as a purple flag.
Wesker markets himself as a co-creator of Grono, a Polish social media community.
Exterior of his personal advertising and marketing, I couldn’t independently confirm Wesker’s “co-creator” declare. Grono launched in 2004 and collapsed in 2012.
Candao’s web site area (“candao.io”), was first registered in 2021. The personal registration was final up to date on November ninth, 2023.
The MLM facet of Candao is run by OnChain Community, arrange individually on the area “onchainnetwork.io”). OnChain Community’s web site area was privately registered on March twenty sixth, 2024.
Of word is Candao offering a Dubai deal with for “Candao Data Expertise LLC” within the footer of its web site.
As a result of proliferation of scams and failure to implement securities fraud regulation, BehindMLM ranks Dubai because the MLM crime capital of the world.
BehindMLM’s pointers for Dubai are:
- If somebody lives in Dubai and approaches you about an MLM alternative, they’re attempting to rip-off you.
- If an MLM firm is predicated out of or represents it has ties to Dubai, it’s a rip-off.
If you wish to know particularly how this is applicable to Candao, learn on for a full overview.
Candao’s Merchandise
Candao has no retailable services or products.
Associates are solely capable of market Candao affiliate membership itself.
Candao’s Compensation Plan
Candao associates make investments tether (USDT) into CDO tokens:
- make investments 100 USDT and obtain 3200 CDO tokens over two years
- make investments 500 USDT and obtain 17,000 CDO tokens over two years
- make investments 1000 USDT and obtain 36,000 CDO tokens over two years
- make investments 2500 USDT and obtain 95,000 CDO tokens over two years
- make investments 5000 USDT and obtain 200,000 CDO tokens over two years
- make investments 10,000 USDT and obtain 420,000 CDO tokens over two years
- make investments 25,000 USDT and obtain 1,100,000 CDO tokens over two years
Every Candao funding tier is represented by an NFT.
The tiers enable an affiliate to park CDO tokens with the corporate (“staking”). That is accomplished on the promise of a further passive annual return:
- the 100 USDT funding tier permits an affiliate to stake as much as 3500 CDO tokens
- the five hundred USDT funding tier permits an affiliate to stake as much as 19,000 CDO tokens
- the 1000 USDT funding tier permits an affiliate to stake as much as 40,000 CDO tokens
- the 2500 USDT funding tier permits an affiliate to stake as much as 105,000 CDO tokens
- the 5000 USDT funding tier permits an affiliate to stake as much as 220,000 CDO tokens
- the ten,000 USDT funding tier permits an affiliate to stake as much as 470,000 CDO tokens
- the 25,000 USDT funding tier permits an affiliate to stake as much as 1,300,000 CDO tokens
Be aware that 30% of all Candao earnings should be reinvested into CDO tokens.
The MLM facet of Candao runs by “OnChain Community”. Compensation is paid on recruitment of affiliate buyers.
Candao Affiliate Ranks
There are 13 affiliate ranks inside Candao’s compensation plan.
Together with their respective qualification standards, they’re as follows:
- Affiliate – enroll as a Candao affiliate and make investments a minimum of 100 USDT
- 1 Star – preserve a min 100 USDT funding and generate 5000 USDT in weaker binary group leg funding quantity
- 2 Star – make investments 200 USDT and generate 10,000 USDT in weaker binary group leg funding quantity
- 3 Star – make investments 500 USDT and generate 25,000 USDT in weaker binary group leg funding quantity
- 4 Star – make investments 1000 USDT and generate 50,000 USDT in weaker binary group leg funding quantity
- 5 Star – make investments 2000 USDT and generate 100,000 USDT in weaker binary group leg funding quantity
- Diamond – make investments 5000 USDT and generate 250,000 USDT in weaker binary group leg funding quantity
- Blue Diamond – make investments 10,000 USDT and generate 500,000 USDT in weaker binary group leg funding quantity
- Inexperienced Diamond – make investments 20,000 USDT and generate 1,000,000 USDT in weaker binary group leg funding quantity
- Black Diamond – make investments 40,000 USDT and generate 5,000,000 USDT in weaker binary group leg funding quantity
- Crown Diamond – make investments 60,000 USDT and generate 10,000,000 USDT in weaker binary group leg funding quantity
- Ambassador – make investments 80,000 USDT and generate 50,000,000 USDT in weaker binary group leg funding quantity
- Royal Ambassador – make investments 100,000 USDT and generate 100,000,000 USDT in weaker binary group leg funding quantity
Referral Commissions
Candao pays referral commissions on USDT invested by personally recruited associates.
- a 5% referral fee is paid on USDT invested by your first recruited affiliate
- a 6% referral fee in is paid on USDT invested by your second recruited affiliate
- a 7% referral fee is paid on USDT invested by your third recruited affiliate
- an 8% referral commissions is paid out on USDT invested by your fourth and onwards recruited associates
Quick Begin Bonus
If a Candao affiliate recruits 5 associates who every make investments a minimum of as a lot as they did, all inside 14 days of signing up, they obtain 50% of their invested USDT again as a Quick Begin Bonus.
Residual Commissions
Candao pays residual commissions by way of a binary compensation construction.
A binary compensation construction locations an affiliate on the prime of a binary group, cut up into two sides (left and proper):
The primary stage of the binary group homes two positions. The second stage of the binary group is generated by splitting these first two positions into one other two positions every (4 positions).
Subsequent ranges of the binary group are generated as required, with every new stage housing twice as many positions because the earlier stage.
Positions within the binary group are stuffed by way of direct and oblique recruitment of associates. Be aware there isn’t any restrict to how deep a binary group can develop.
On the finish of every week Candao tallies up new funding quantity on either side of the binary group.
Associates are paid 10% of latest funding quantity on their weaker binary group facet (min 300 USDT on either side).
- Associates can earn as much as 300 USDT every week
- 1 Stars can earn as much as 500 USDT every week
- 2 Stars can earn as much as 1000 USDT every week
- 3 Stars can earn as much as 2000 USDT every week
- 4 Stars can earn as much as 5000 USDT every week
- 5 Stars can earn as much as 10,000 USDT every week
- Diamonds can earn as much as 20,000 USDT every week
- Blue Diamonds can earn as much as 30,000 USDT every week
- Inexperienced Diamonds can earn as much as 40,000 USDT every week
- Black Diamonds can earn as much as 50,000 USDT every week
- Crown Diamonds can earn as much as 60,000 USDT every week
- Ambassadors can earn as much as 80,000 USDT every week
- Royal Ambassadors can earn as much as 100,000 USDT every week
As soon as paid out on, quantity is matched in opposition to the stronger binary group facet and flushed. Leftover quantity on the stronger binary group facet carries over.
Matching Bonus
Candao pays a Matching Bonus by way of a unilevel compensation construction.
A unilevel compensation construction locations an affiliate on the prime of a unilevel group, with each personally recruited affiliate positioned instantly below them (stage 1):
If any stage 1 associates recruit new associates, they’re positioned on stage 2 of the unique affiliate’s unilevel group.
If any stage 2 associates recruit new associates, they’re positioned on stage 3 and so forth and so forth down a theoretical infinite variety of ranges.
Candao caps the Matching Bonus at 5 unilevel group ranges.
The Matching Bonus is paid as a proportion of residual commissions paid throughout these 5 ranges primarily based on rank:
- 3 Stars earn a 5% Matching Bonus on stage 1 (personally recruited associates)
- 4 Stars earn a 5% Matching Bonus on ranges 1 and a pair of
- 5 Stars earn a 5% Matching Bonus on ranges 1 to three
- Diamonds earn a 5% Matching Bonus on ranges 1 to 4
- Blue Diamonds earn a 5% Matching Bonus on ranges 1 to five
- Inexperienced Diamonds earn a ten% Matching Bonus on stage 1 and 5% on ranges 2 to five
- Black Diamonds earn a ten% Matching Bonus on ranges 1 and a pair of and 5% on ranges 3 to five
- Crown Diamonds earn a ten% Matching Bonus on ranges 1 to three and 5% on ranges 4 and 5
- Ambassadors earn a ten% Matching Bonus on ranges 1 to 4 and 5% on stage 5
- Royal Ambassadors earn a ten% Matching Bonus on ranges 1 to five
Rank Achievement Bonus
Candao rewards associates for qualifying at Diamond and better with the next one-time Rank Achievement Bonuses:
- qualify at Diamond and obtain a MacBook Professional
- qualify at Blue Diamond and obtain a “Diamond Journey”
- qualify at Inexperienced Diamond and obtain a Rolex watch
- qualify at Black Diamond and obtain a “automotive”
- qualify at Crown Diamond and obtain a “sport automotive”
- qualify at Royal Ambassador and obtain a “villa”
World Swimming pools
Candao units apart 1.5% of company-wide funding and makes use of it to fund 5 smaller 0.3% World Swimming pools.
The 5 World Swimming pools correspond with Inexperienced Diamond and better ranks:
- Inexperienced Diamonds obtain a share in a 0.3% World Pool
- Black Diamonds obtain a share in a 0.3% World Pool
- Crown Diamonds obtain a share in a 0.3% World Pool
- Ambassadors obtain a share in a 0.3% World Pool
- Royal Ambassadors obtain a share in a 0.3% World Pool
Becoming a member of Candao
Candao affiliate membership is 29 USDT plus an preliminary 100 to 25,000 USDT funding in CDO tokens.
Be aware Candao’s 29 USDT affiliate charge is yearly recurring.
Candao Conclusion
Candao’s advertising and marketing pitch is a rehash of Robert Wesker’s Grono glory days;
Actually, at the moment’s panorama of Social Networks is a slavery system the place all of the customers subscribed and registered in loads of social media apps, are every day dropping an increasing number of energy and privateness as minimal, whereas the businesses behind are benefiting from it attempting to keep away from the rules and ethical wants.
Candao presents itself because the “evolutionary resolution” to this downside.
Given Candao was conceived again in 2021, it’s secure to say as a stand-alone idea it flopped. This brings us to the OnChain Community element, launched a number of months in the past.
Candao associates enroll, make investments tether on the promise of passive returns and receives a commission to recruit others who do the identical.
Candao’s passive returns are paid out in a shit token the corporate creates out of skinny air. So long as there’s new USDT funding to pay withdrawals with, CDO is internally convertible again to USDT.
Candao fails to supply proof it has registered its passive returns funding scheme with monetary regulators in any jurisdiction.
This consists of prime sources of Candao web site site visitors, as tracked by SimilarWeb for July 2024; Germany (63%), Poland (21%, down 84% month on month), Switzerland (9%) and Hungary (8%).
Thus at a minimal, Candao is committing verifiable securities fraud and working illegally.
Because it stands, the one verifiable income getting into Candao is new funding.
Utilizing new funding to pay CDO ROI withdrawals would make Candao a Ponzi scheme.
Moreover with nothing marketed or bought to retail prospects, the MLM facet of Candao operates as a pyramid scheme.
As with all MLM Ponzi schemes, as soon as affiliate recruitment dries up so too will new funding.
This may starve Candao of ROI income, finally prompting a collapse.
The maths behind Ponzi schemes ensures that after they collapse, nearly all of members lose cash.