Candao operates in the cryptocurrency MLM niche.
The company names two executives on its website; co-founders Pawel Barylski and Robert Wesker.
Pawel Barylski and Robert Wesker both appear to be a random crypto bros from Poland.
Barylski doesn’t appear to have achieved anything significant, which presents itself as a red flag.
Wesker markets himself as a co-creator of Grono, a Polish social media network.
Outside of his own marketing, I couldn’t independently verify Wesker’s “co-creator” claim.
Grono
launched in 2004 and collapsed in 2012.
Candao’s website domain (“candao.io”), was first registered in 2021. The private registration was last updated on November 9th, 2023.
The MLM side of Candao is run through OnChain Network, set up separately on the domain “onchainnetwork.io”). OnChain Network’s website domain was privately registered on March 26th, 2024.
Of note is Candao providing a Dubai address for “Candao Information Technology LLC” in the footer of its website.
Due to the proliferation of scams and failure to enforce securities fraud regulation, BehindMLM ranks Dubai as the
MLM crime capital of the world
.
BehindMLM’s guidelines for Dubai are:
If someone lives in Dubai and approaches you about an MLM opportunity, they’re trying to scam you.
If an MLM company is based out of or represents it has ties to Dubai, it’s a scam.
If you want to know specifically how this applies to Candao, read on for a full review.
Candao’s Products
Candao has no retailable products or services.
Affiliates are only able to market Candao affiliate membership itself.
Candao’s Compensation Plan
Candao affiliates invest tether (USDT) into CDO tokens:
invest 100 USDT and receive 3200 CDO tokens over two years
invest 500 USDT and receive 17,000 CDO tokens over two years
invest 1000 USDT and receive 36,000 CDO tokens over two years
invest 2500 USDT and receive 95,000 CDO tokens over two years
invest 5000 USDT and receive 200,000 CDO tokens over two years
invest 10,000 USDT and receive 420,000 CDO tokens over two years
invest 25,000 USDT and receive 1,100,000 CDO tokens over two years
Each Candao investment tier is represented by an NFT.
The tiers allow an affiliate to park CDO tokens with the company (“staking”). This is done on the promise of an additional passive annual return:
the 100 USDT investment tier allows an affiliate to stake up to 3500 CDO tokens
the 500 USDT investment tier allows an affiliate to stake up to 19,000 CDO tokens
the 1000 USDT investment tier allows an affiliate to stake up to 40,000 CDO tokens
the 2500 USDT investment tier allows an affiliate to stake up to 105,000 CDO tokens
the 5000 USDT investment tier allows an affiliate to stake up to 220,000 CDO tokens
the 10,000 USDT investment tier allows an affiliate to stake up to 470,000 CDO tokens
the 25,000 USDT investment tier allows an affiliate to stake up to 1,300,000 CDO tokens
Note that 30% of all Candao earnings
must
be reinvested into CDO tokens.
The
🤖 Quick Answer
What is Candao and how does it operate?Candao is a cryptocurrency platform operating within the multi-level marketing (MLM) niche. Co-founded by Pawel Barylski and Robert Wesker, both based in Poland, the project launched its website domain "candao.io" in 2021. Its MLM operations are conducted through a separate entity called OnChain Network, hosted on "onchainnetwork.io."
Who are the founders of Candao?
Candao lists two co-founders: Pawel Barylski and Robert Wesker. Both individuals originate from Poland. Barylski lacks a verifiable track record of significant achievements in the industry. Wesker claims co-creator status of Grono, a Polish social media network that operated from 2004 until its closure in 2012.
**What is the relationship between
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