Candy Pocket (CANDY): A Sweet Payment Solution for Users
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Cryptocurrencies have disrupted the financial system in exciting ways, but most crypto projects thus far have required users to purchase native tokens in order to participate. Candy Pocket is an innovative project that offers a superior payment option, along with a variety of great perks to benefit users. With a closer look at what Candy Pocket is and how it works, you can make a well-informed decision on whether to participate in this next-level crypto project.
Key Takeaways:
- Candy Pocket is a web3 wallet that provides users with a simplified, fast payment processing solution.
- Bybit now offers the CANDY/USDT Spot trading pair, and is holding a Deposit to Share campaign in which users can earn a share of the 180,000 CANDY prize pool.
What Is Candy Pocket?
Candy Pocket is a web3 wallet that provides users with a simplified, fast payment processing solution. At the same time, it offers both a community and a DApp store for advanced benefits to users.
Uniquely, Candy Pocket doesn’t require users to purchase its native token, CANDY, in order to participate. Instead, it offers three distinctive opportunities for users to receive CANDY by participating in the platform and promoting its growth. Sharing the platform to attract more users and inviting users to participate in DApp gameplay can result in CANDY rewards. In addition, holding CANDY tokens generates additional CANDY as a reward.
What Does Candy Pocket Aim to Achieve?
Candy Pocket is designed to be a next-generation internet DApp that moves the user experience (UX) to the next level. Its blockchain technology specifically targets the centralized sovereignty that’s currently in place on the internet. By disrupting the status quo, it aims to restore users’ control over their own data and help to establish a higher-level metaverse.
How Does Candy Pocket Work?
To get started with Candy Pocket, a user must download the project’s DApp and create a new account. Once it’s been created, the user receives a free NFT mining machine. In addition, the hash rate increases as the user invites others to participate. In turn, this results in greater rewards for the user.
The base hash rate of 0.4 remains in place for recommendations of up to six new users, increasing to 0.88 for 7–15 people, 1.28 for 16–29 people and 1.88 for >30 people.
Features of Candy Pocket
Candy Pocket is a secure and trustworthy payment processing project that benefits users around the world, including in third-world countries. The innovative functionality of Candy Pocket is established via several key features.
NFT Mining
When a new user opens an account and registers as a user, they receive an NFT mining machine at no cost. Mining on Candy Pocket is designed to be quick and easy, enabling enhanced growth of the platform. The only step required to receive mining benefits is to log in every 24 hours and to reinitiate mining through a one-click process.
Share to Earn
NFT mining is open to all Candy Pocket users. Mining initially produces 0.4 new CANDY tokens per hour. This threshold remains in place until the user has invited seven or more new users to participate. There are three tiers in the Share to Earn reward system; the greatest rewards are available for those who invite more than 30 new users to the platform.
Hold to Earn
Through NFT mining, as well as the Share to Earn mechanism, Candy Pocket users can earn CANDY without making an initial investment. Candy Pocket will also offer a staking mechanism called Hold to Earn. Though the specific details of this function aren’t yet available, it will add a new opportunity for Candy Pocket users to profit from participating on the network.
Share and Invite
The Share to Earn feature lets users earn CANDY tokens by inviting new users to Candy Pocket, while the Share and Invite platform offers additional incentives for those who invite others to participate in the platform’s DApps. The specific incentives for Share and Invite vary, according to the specific DApp.
Candy Node
Candy Pocket has three node levels, called Candy Nodes: Global initial node, global middle node and global high node. The node level is based on how many referrals have been made. The global initial node is established for up to 99 referrals, global middle node requires between 100 and 199 referrals, and users reach global high node after making 200 or more referrals. The hash rate gets better as you advance in node levels, which incentivizes users to refer more friends and family to earn more rewards.
Candy Pocket Road Map
Candy Pocket will come online through three distinct phases. The first phase is the establishment of NFT mining, during which users who create an account will be given a free NFT mining machine that allows them to start mining CANDY rewards for free.
After a billion CANDY tokens have been produced, NFT mining will stop and C2C trading will commence. This marks the start of the second phase. Once C2C trading is launched, CANDY’s price will begin at 0.1 USDT per piece, and its price will increase once every 24 hours at a range of between 0.001–0.1 USDT. Also in the second phase, DeFi pledge mining will start, continuing until 900 million additional tokens are produced.
Once a total of 1.2 billion CANDY tokens have been produced, Candy Pocket will enter its third and final phase, in which the Candy Metaverse will be launched. When the total token amount rises to 1.5 billion, dividends earned from the project will be given out to CANDY holders.
CANDY Crypto Tokenomics
There are 2.1 billion CANDY tokens available. Of this supply, 90% are allocated specifically for the platform’s NFT holders. While CANDY can be used in conjunction with other cryptos, CANDY can be used to make purchases as well.
Where to Buy CANDY Crypto
While no purchase of CANDY tokens is required to participate on the Candy Pocket platform, you can purchase CANDY to add to your supply and reap greater benefits from the Hold to Earn staking mechanism. CANDY tokens can be purchased on the Bybit Spot trading platform as of Jun 13, 2023.
To purchase CANDY, you must first sign up for a Bybit account and fund it with cryptocurrency. Then, proceed to the CANDY/USDT Spot trading page to trade. To celebrate this listing, Bybit will also be holding a Deposit to Share campaign from Jun 12–26, 2023. Users who accumulate deposits of at least 500 CANDY can receive 100 CANDY out of the 180,000 CANDY prize pool.
Is CANDY Crypto a Good Investment?
With several thousand crypto projects currently active, finding solid projects to invest in requires close review. Candy Pocket is a project with true utility as a payment processing platform. There is no initial CANDY token purchase requirement to participate. In fact, once a user opens a new Candy Pocket account, they can begin generating rewards through mining. As mentioned above, additional rewards are available by inviting others to the platform and taking other steps.
Because of these factors, Candy Pocket has tremendous growth potential both as an investment and for utility. With no initial investment required, participating in the project makes sense. However, before investing in any crypto project, it’s important to understand the risks. Crypto prices are generally volatile, and are subject to many market forces. It’s recommended you thoroughly research any crypto project before making an investment.
Closing Thoughts
Candy Pocket is more than just another cryptocurrency project. It offers exceptional utility for its users. More than that, it allows users to benefit from that utility without making an initial investment. Candy Pocket is also designed to foster growth through its various features and incentives. You only need to open an account in order to start mining and earning CANDY, so it makes sense to get started today.
#Bybit #TheCryptoArk
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