11. Glossary

  • Protocol: In the context of Web3, a protocol is a foundational framework where individuals can create, connect, and contribute, and their efforts are incentivized and rewarded. It serves as a fundamental structure that encourages participation and offers incentives for those who engage with the platform.

  • Blockchainverse: The Blockchainverse refers to the collective environment or universe created by various interconnected blockchain networks. It encompasses all the decentralized applications, smart contracts, and digital assets that exist on different blockchains, forming a broader blockchain ecosystem.

  • Engines: In the context of Candao, engines represent specific functional components or systems within the platform. These engines may include elements like the Candao Banking Engine, which handles value exchange, or the Candao Marketing Engine, designed for marketing-related activities.

  • Features: Features are distinctive capabilities or characteristics of a product, service, or platform. In Candao, features refer to the unique tools and functionalities it offers to users, such as on-chain user profiles, content discovery feeds, or monetary incentives for inviting new users.

  • Wallet: A wallet, in the context of blockchain and cryptocurrencies, is a digital tool or application that allows users to store, manage, and transact various digital assets, including tokens. Candao's wallet likely enables users to hold and transfer their tokens within the platform.

  • On-chain: On-chain refers to data and transactions that are recorded and stored directly on a blockchain. This means that information is publicly and immutably available for verification, enhancing transparency and security.

  • Web2.0: Represents the evolution of the web from its early, static days into a more interactive and social experience. It is characterized by the emergence of social media platforms, user-generated content, and the growth of cloud-based services. In Web2, users are not just consumers of content; they are also creators, contributing to blogs, forums, and social networks. The infrastructure is primarily centralized, meaning data and services are stored and managed by a limited number of providers.

  • Web3.0: Is a newer concept that envisions a decentralized internet. It's built upon the backbone of blockchain technology and emphasizes user sovereignty, data privacy, and decentralized applications (dApps). In Web3, the idea is to give users more control over their data and online interactions, reducing reliance on central authorities or corporations. This version of the web integrates cryptocurrencies, NFTs (non-fungible tokens), and smart contracts, aiming to create a more open and accessible internet where users can interact in peer-to-peer networks rather than through centralized platforms.

  • $CDO-Token: It’s the access key to the BlockchainVerse of CANDAO. Acting as an utility token, it allows CANDAO users to access and utilize the CANDAO platform. It’s the mandatory token that will be given on the ecosystem’s fees and gotten as the ecosystems rewards. The $CDO-Token T.G.E. will mark the beginning of the existence of this utility token on the blockchain, and thous act as the key to the first BlockchainVerse ecosystem that grants privacy, security and control to the users.

  • Social Tokens - A social token functions as a form of cryptocurrency designed for the monetization of a brand. These tokens can fall into two categories: personal tokens (or creator tokens) or community tokens. The intrinsic value of a social token is intricately tied to the brand that issues it. Holders leverage these tokens not only as a financial asset but also as a means to establish a sense of belonging within a specific community or group.

  • Group Tokens: The Protocol is organized into groups, aiding individuals in different roles to connect with like-minded peers and launch their initiatives from the ground up. The group token serves as a method to democratize the organization. Voting power and influence within the group are determined by the quantity of group tokens one possesses or their professional experience within a specific role, as previously described.

  • Users: Accounts registering within the protocol.

  • Creators: Users with a social media following and/or an audience on other platforms, or those who come to Candao to start building their brand from scratch.

  • Builders: Users developing their initiatives within the Candao Protocol, launching decentralized applications (dApps), or creating startups from the ground up.

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