Candao, a cryptocurrency platform run through a multi-level marketing structure, lists Pawel Barylski and Robert Wesker as its co-founders. The company's website domain was first registered in 2021, with its MLM operations managed via a separate entity, OnChain Network, whose domain was registered in March 2024. Candao prominently displays a Dubai address, a location frequently associated with MLM-based financial scams.
Pawel Barylski, one of Candao's co-founders, appears to have no significant verifiable achievements in the cryptocurrency or business sectors. Robert Wesker, the other co-founder, markets himself as a co-creator of Grono, a Polish social media network. Grono operated from 2004 until its collapse in 2012. Independent verification of Wesker's claimed role as co-creator could not be established.
Candao offers no retailable products or services; affiliates can only market membership in Candao itself. The compensation structure involves affiliates investing tether (USDT) in exchange for CDO tokens. These investments are tiered, ranging from 100 USDT for 3200 CDO tokens to 25,000 USDT for 1,100,000 CDO tokens, with payouts distributed over two years.
Each investment tier is linked to a non-fungible token (NFT). These NFTs grant affiliates the ability to stake their CDO tokens with the company. This staking is presented as a pathway to additional passive annual returns. For example, the 100 USDT investment tier permits staking up to 3500 CDO tokens, while the highest tier, 25,000 USDT, allows staking up to 1,300,000 CDO tokens.
A mandatory condition for Candao affiliates is that 30% of all earnings must be reinvested into CDO tokens. This requirement ensures a continuous flow of capital back into the company's token, a common tactic in schemes designed to artificially inflate the value of a digital asset.
The company's purported Dubai address raises significant concerns. Dubai has become a known hub for fraudulent MLM schemes, with a notable lack of enforcement against securities fraud. This regulatory environment makes it a preferred location for operators aiming to exploit investors. Entities operating from or claiming ties to Dubai are frequently flagged as potential scams.
Candao's structure, which lacks any genuine product or service beyond affiliate recruitment and relies on the internal trading of its own token with mandatory reinvestment, strongly resembles a Ponzi scheme. The promise of passive returns through token staking, coupled with the recruitment-focused MLM model, points to a scheme where early investors are paid with funds from later investors, rather than from legitimate business operations.