According to the IBD Foundation, CANDIES, the latest WEB3 project incubated by the foundation, will run its token contract on Binance Chain in September. According to the economic model released by the CANDIES community, the universal token (CDS) of the CANDIES search platform will be completely different from the token issuance method of traditional VC projects. The total issuance quantity is 1 billion, of which 0.2% are genesis seed coins, and the remaining 99.8% are all mined by community users through on-chain staking. The token economic model of the CANDIES platform fully considers "guild governance, staking computing power and dividend functions" when designing, and relies on mature smart contract technology to achieve full-chain operation.
Why does CANDIES, as a WEB3 track platform, no longer follow the conventional coin issuance method of traditional VC institutions investing and then listing on mainstream exchanges? Instead, it adopts a new on-chain mining model to issue ecological tokens. According to the head of the IBD Foundation, in the bull market of 2024, all projects invested by VCs face the fate of scarce traffic and breaking the issue price as soon as they are launched. On the other hand, projects driven by the community have high user participation and huge traffic. Combined with CANDIES's positioning as a global candy search platform, its target users are small and medium-sized users around the world. For such a product with traffic as the entrance, the growth of its platform must rely on the joint construction and common growth of the community. Therefore, the CANDIES Foundation draws on some of the most successful token incentive mechanisms in the current community to create a new token economic system.
The launch of the CANDIES economic model will be an innovation in the WEB3 track that truly returns the platform value to the community. All users participating in the platform community and ecological construction will be able to share the value of the platform's growth.
