Beginner’s Guide To Candy Pocket (CANDY)
Candy Pocket is a blockchain-powered payment platform, enabling users to conduct fast, safe transactions using its cryptocurrency token Candy Coin (CANDY).
This platform employs a deflationary token omics model in which new tokens are issued through activities like liquidity provision and staking; some tokens may then be burnt off to reduce overall supply and preserve liquidity levels.
Table of Contents
What Is Candy Pocket (CANDY)?
The development of the Candy Pocket wallet comes under web3 features that provide better payment experience along with greater benefits for users via community involvement and DApp store.
The most unique feature of Candy Pocket is that users don’t have to buy the native token CANDY in order to participate. Instead, Candy Pocket offers three ways for users to earn CANDY tokens while participating in its growth: members can share or invite others to the platform for rewards; and holding tokens unlocks extra CANDY rewards as part of the ecosystem.
The basic feature of Candy Pocket is that its users transact peer to peer without banks or intermediaries processing the transactions that enables faster speeds at lower costs making it a better and cheaper alternative for payment.
Candy Pocket claims that if users take part in the ecosystem and provide liquidity with other users joining them, more chances of earning Candy Coins will be there as they will participate in making it grow and succeed. Paying them off to bring more users to the platform, every step that is taken makes it easier for Candy Pocket to expand further and faster!
Goal of Candy Pocket (CANDY)
According to Candy Pocket, its target is to be the first metaverse sharing platform in the world where users can share and earn passive income while staying in the metaverse. Their goal is to change the dynamics of the Web 3 sector by ensuring that users can have command over their online identity and help make money off it within the metaverse environment.
Along similar lines, Candy Pocket’s goal is to deploy as quickly as possible their blockchain bank and in so doing actualize their vision quickly whilst bringing in traffic via their share-to-earn approach.
Candy Pocket Features
NFT mining
Within a simple user interface, Candy Pocket allows its users to mine NFTs. They access such NFTs through liquidity support which they provide to the DeFi protocols that are supported.
People willing to stake tokens or to provide liquidity to any of the supported platforms will get mined NFTs as a reward; these NFTs can further be utilized for trading, staking or lending.
Candy Pocket also features an NFT marketplace whereby users are able to buy or sell the NFTs they have mined out to one another.
Candy Nodes
Every mobile device within the Candy Pocket ecosystem, is a network node. Together, they constitute the Candy metauniverse and create a global distributed community that transcends the time-space continuum.
Candy Pocket seeks to incentivize its users from the onset for free, by including them in the platform and allowing them to mint candy coins. Daily earnings are estimated to vary daily from 9.6 to 43.2 coins.
Being powered by Web 3.0 technology, Candy Pocket aims to decenter the current structure of the internet by empowering its users with data ownership and by building a self-sufficient online ecosystem.
Dapp (Decentralized Application)
Candy Pocket is a Dapp application that allows users to share securely without compromising data and information enabling users to have greater power over their data.
Tokenomics of Candy Pocket’s Virtual Currency Candy Pocket Coin
Candy Coin (CC), the cryptocurrency token of Candy Pocket, spells out a number of outlines regarding the tokenomics;
Token Type And Supply
Candy Coin is an ERC-20 token which has been developed to operate on the Ethereum platform. A total of 10 billion units is the total limit.
Distribution of Tokens
In the event of distribution of Candy Coins, this shall comply with principles:
- 30% for Candy Mining Rewards;
- 2o% for Team and Marketing Efforts;
- 20-24% For Protocol and Marketing Implementations,
- 10% for Early Selling/Exchanging,
- 10% to 20% for Private Equity Investment (PEI),
- and 10% for Angel Investors.
Utility of the Tokens
Candy Coins are the virtual currency used on the content and services of the Candy Pocket platform. It can be earned through mining activities and P2P transactions or traded to supply liquidity.
Bear in mind, the values of various cryptocurrencies, even CANDY, will be determined by several determinants including the trends and performance of Bitcoin, market orientated sentiment and token usage and adoption patterns as well as the price movements and charts that influence cryptocurrency markets in general. Most often the fluctuations recorded in prices of Bitcoin dominate the events prevailing across the market.
Measures of Deflation
Candy Coins are built with an advanced deflationary mechanism. This means that a certain proportion of tokens are ‘burned’ at every transaction and hence will help decentralize the supply over time and in the end effectuate a reduction in the total number of Candy Coins.
Because of the two features offered by Candy Coin tokenomics, we are able to gain an active participation within the Candy Pocket and be able to sustain liquidity within its ecosystem. In addition to that, these mechanisms aim at ensuring the stability of prices and the appreciation of the worth of the Candy token over time.
Where to Buy CANDY Crypto
Where Can You Purchase Candy Crypto: Key Platforms Please read the following courtesies on where to purchase Candy Crypto.
KuCoin
Buy your CANDY via KuCoin- CANDY is quotable against the USDT on the spot market of KuCoin now. This is above swapping CANDY on KuCoin. What you need is to obtain USDT then use it to acquire this virtual currency on KuCoin.
Coinbase
Buying candy over the Internet has been made so easy by the popular exchange- Coinbase. Just get to their site, register for an account, and do what they tell you to buy.
Binance
Selling candy on the widely popular Binance is also feasible, but note that it is not guaranteed that all listings will be available right away. In order to post advertisements and find pricing for candy, please be sure to follow these simple instructions in order to determine whether candy is in stock on Binance.
Please be aware that the availability and listing of exchanges will vary from one platform to another; it may be better to go straight to the websites of the respective companies to get factual reports on the sale of candy crypto.
Is Candy Pocket An Investment Opportunity?
This cannot be answered without performing a comprehensive evaluation for a CANDY crypto investment. Better safe than sorry, do all necessary research and consider investing factors first – here are a few aspects you may wish to keep in mind:
Investing In The Current Market/Trends
You need to look at trading history, such as capitalization, volume, price history, sentiment, etc, as it helps to forecast the development of CANDY crypto as a crypto asset and also the psychology factors of the traders.
Familiarization with Technology and Utility.
Establishing the technology behind a cryptocurrency and its sight set on utility are two sides of the same coin, hence the need to consider a project’s white paper, core and development plans, and industry presence in order to assess its potential success in the future.
Team And Partnerships
Who are the individuals supporting a project, and what is their level of industry experience, understanding? Such information is important and may provide answers to whether the goals of the project can be achieved. There is a better chance that any proposed initiative will have substantial marketing and acceptance, if reputable institutions are attached to it.
Risk Evaluation
Once again, it is very important that investors carefully assess the investment decision taken or any future risks pertaining to it. It is important to understand these risks in depth as there are various aspects such as legal issues, market risk, competitive risk, and undertone risk in every investment for that matter.
Conclusion
You can learn more about Candy Pocket on its official page, which contains the full description of the purpose, vision and strategies of the project. Moreover, such cryptocurrency websites also enable us to monitor the live prices, graphs, and news related to Candy Pocket.
As a matter of importance, before you make any investments, kindly take the advice of an investment professional or other qualified person. Welcome to the Candy Pocket ecosystem and have fun in it!
Also Read : Remote Hosting For Cryptocurrency Mining: Pros And Cons
