CDO token utility
To begin with, the CDO token will be available for purchase on Ethereum, Binance Smart Chain, and Polygon. It will eventually be available on other cryptocurrency exchanges as well. In addition to being a value-creating asset, it also serves as an infrastructure and governance asset. It has a total hard cap supply of 2,500,000,000.
Please refer to the below table with technical details related to CDO token:
Token type
ERC-20
Network
ETH,BSC,Polygon
Total supply
2 500 000 000 (hard cap)
Seed price
0.0250 USDC
Round 1
0.0375 USDC
Round 2
0.3750 USDC
Fundraising goal
12 312 500 USD
Role of the token
Utility, Governance, Value-bearing
In each subsection devoted to Candao's product details, the utility of CDO tokens and how they are integrated into the Candao ecosystem are described in great depth (please refer to the "How CDO token is embedded into product" subsections of each product chapter).
In general, CDO token will be used as:
  • “Fuel” for interacting with the Candao ecosystem. At times, microscoping interaction fees (i.e., "gas") and a small CDO commission will be required to access or trigger certain Candoao ecosystem functions (e.g., forming a guild or minting new activity tokens). This way, Candao ensures a consistent revenue stream for buyback and making strategy, while also ensuring the product is not attacked by bots or suffers from fake activity volume.
  • Value bearing asset. The CDO token will not be burned. Rather than that, all revenue streams from Candao will be used to execute a "buyback and make" strategy. In other words, all Candao revenues will be converted to CDOs and then redistributed to ecosystem participants in the form of staking, liquidity, or ecosystem rewards.
  • Means of rewards distribution. CDO, along with a few of the protocol's other internal tokens, is used as a network reward. Participants in the Candao ecosystem will be able to earn rewards by staking CDO tokens, which will act as additional liquidity on decentralized exchange pools. Additionally, users' rewards will be proportional to their activity within the Candao network; in other words, the more users participate, the higher their rewards will be.
  • Means for governance. Additionally, the CDO token is used for governance purposes. Each ecosystem participant with a sufficient number of tokens will be able to submit voting proposals for the continued development and improvement of Candao. Eligible CDO token holders will also be able to vote on whether or not to accept or reject submitted proposals. Participating actively in ecosystem governance results in increased rewards for stakeholders and liquidity providers.
  • Treasury and reserves. A portion of the total supply of CDOs is being held in ecosystem treasury and reserves. They will be used to further develop Candao (via development grants, for example) and to bolster CDO's market position (e.g. by extending liquidity on centralized exchanges, entering into strategic partnerships, etc.).
  • Development fund. As previously stated, the development fund will be established using a part of the CDO's treasury and reserves. The Candao team will use it to continue the project's growth in accordance with the public roadmap. Additionally, it will be used to award grants for the implementation of community-submitted ideas and improvements that have been approved by the governance panel.
Technically, the CDO token will be minted as an ERC-20 token and will be gradually bridged to other chains (with BSC and Polygon being on the top of that list). CDO tokens will almost certainly appear on additional blockchains in the future, such as Terra or Solana.
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