FaceDAO (FACEDAO) is redefining social interaction in the digital age through its unique Web 3.0-based decentralized network. Unlike traditional social platforms, FaceDAO empowers users within a decentralized autonomous organization (DAO), providing a transparent, secure, and non-censored environment. Built on blockchain technology, FaceDAO not only facilitates social engagement but also integrates DeFi functionalities, allowing users to earn rewards through everyday actions like posting, commenting, and liking. With a strong emphasis on genuine content and user-controlled data, FaceDAO represents the dawn of a new era in how we connect and share information online. Dive in to discover how FaceDAO is transforming social networking and digital interaction.

What Is FaceDAO (FACEDAO)?

FaceDAO (FACEDAO) is a cutting-edge Web 3.0 decentralized network where users can become part of a decentralized autonomous community (DAO) and interact with real people globally. FaceDAO is not just a social media platform or a DeFi application; it is a next-generation social network built on blockchain technology, enabling users to exchange cryptocurrencies seamlessly.

Key Features of FaceDAO

1. Freedom of Expression: FaceDAO prioritizes freedom of expression, ensuring that users can share genuine content without censorship.
2. Transparency: The platform is built on blockchain technology, which guarantees transparency and immutability of data.
3. High-Level Security: FaceDAO employs advanced security measures to protect user data and maintain the integrity of the platform.

Web 3.0 Vision

FaceDAO adheres to the Web 3.0 vision, which contrasts sharply with Web 2.0 projects. In Web 2.0, social networks own and monetize user data. However, FaceDAO gives users ownership of their data and even rewards them for their actions. Active users can perform specific tasks and receive rewards in the form of FACEDAO tokens, the platform's official cryptocurrency. Both content creators and consumers can earn FACEDAO tokens through activities like posting, liking, commenting, and retweeting.

Real Users and Data Security

According to the project, FaceDAO users are 100% real people who communicate, share information, and create content without restrictions. The decentralized nature of the blockchain system guarantees data security and immutability, making it impossible to create fake accounts on the platform. This ensures that all information is transparent, trust is established, and user confidentiality is maintained.

Who Are the Founders of FaceDAO?

The FaceDAO whitepaper reveals that the product was developed by industry experts and software engineers from major companies such as IBM, Google, Apple, Huawei, Facebook, and Tencent. However, the identities of the founder/CEO and team members remain anonymous as of May 2022.

Development Timeline

• Q2 2021: Team assembly and concept creation.
• Q3 2021: Seed investment by the team.
• Q4 2021: Development stage.
• Q1 2022: Launch of the product/official website and distribution of $FACEDAO tokens.

What Makes FaceDAO Unique?

On centralized platforms, users have no control over their data/content, and social networks own and monetize the information. FaceDAO aims to address the shortcomings of Web 2.0 social networking by returning power and control to users.

Benefits of FaceDAO

1. User Empowerment: Users can choose content, participate in platform governance, and influence the development direction.
2. Reward System: Both content creators and consumers can earn $FACEDAO tokens.
3. Transparency and Reliability: The platform guarantees data transparency and reliability, eliminating privacy violations and shadow algorithms.
4. Real Users: Each user has only one account, verified through 3D liveness verification and authentication, eliminating fake identities and bot accounts.

Risk Elimination

FaceDAO eliminates several risks associated with traditional social networks:

• Fake User Accounts: Blockchain technology ensures an individual match between accounts and individuals.
• Account Theft: The risk of user information being distributed and sold by hackers is significantly reduced, and account recovery is highly successful.

FaceDAO Income Earning Methods

FaceDAO offers various ways for users to earn income:

1. Administrator Role: Users are rewarded for managing the platform and maintaining community rules.
2. Invitation Mechanism: Users can invite friends to the platform and receive rewards in FACEDAO tokens.
3. Task Rewards: Users complete community service tasks within a specified period (e.g., participation in promotional events).
4. Passive Income: Users can set up advertisements. Display ad slots can be created on the platform/personal homepages, and users can choose to post or not. Advertising revenue is shared among all FACEDAO holders based on the holding ratio.

Related Pages

• Learn about Aave (AAVE) and Hive (HIVE).
• Discover how Subsocial (SUB) is monetizing decentralized social media on Web 3.0.
• Take a tech deep dive into Binance Smart Chain (BSC).
• Check out our definitive guide on DAOs.
• Brush up on crypto terminology with the CMC glossary.

How Many FaceDAO (FACEDAO) Coins Are There in Circulation?

$FACEDAO is a network token of FaceDAO deployed on Binance Smart Chain (BSC) as a BEP-20 token with a maximum supply of 1,000,000,000,000,000 coins. The distribution is as follows: 90% goes to the community treasury (user rewards, airdrops, community tasks, providing liquidity in DEX), and the remaining 10% goes to development (platform maintenance, infrastructure construction, server development costs).

Token Utility

$FACEDAO provides users with an entrance to Web 3.0. Each user has a unique FACE, which acts as a private key and decentralized identifier (DID). Users can earn $FACEDAO tokens through their efforts and daily activities. The more they earn, the more features and benefits they unlock.

Tokenized Social Actions

FaceDAO tokenizes almost every social action of users, including entering the platform, liking, commenting, posting content, participating in activities, and inviting friends.

Governance Token

FACEDAO is also the governance token