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Author Topic: [ANN][ICO][CYD, KYD] The Blockchain Based Social Tasking App For People  (Read 154 times)
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February 05, 2019, 10:10:43 PM
Last edit: February 15, 2019, 01:14:08 AM by Canyudo

The Blockchain Based Social Tasking App
For People. For Business. For Organizing Anything

A Multi Purpose Distributed App

Canyudo is a free to use promotional and organisational tool allowing app users to create then advertise jobs, tasks,
events, or items for sale to a network of other app users, adding media, data files, location tags, and with the option
to make or take payment in cryptocurrency.

The app is designed to be used by businesses and the general public, combining a free advertising platform with a
low cost and ultra secure payments system. Fees are charged only where a smart contract is executed, with each
transaction processed resulting in a donation to a user nominated registered charity.


The Canyudo app makes transferring cryptocurrency simple. Payments can be initiated wherever you have wifi access, and the recipient typically receives funds within 20 minutes of your instruction being submitted. App users simply create a payments task and add the amount they wish to send, then assign it to the person they wish to pay. Once both users have confirmed they wish to proceed (via a wallet passphrase security check similar to how internet banking works currently), the payment is sent directly from User A to User B.
Classifieds Platform
The Canyudo app makes it simple for users to advertise items for sale. There is no charge for creating and posting sales tasks and you may even be able to earn some cryptocurrency for your effort. To protect both parties, buyers and sellers must register their details with us before using the service. Our handy user ratings system helps buyers to assess sellers too, allowing you to make an informed choice based on the track record of the seller and the feedback they have received before making a purchase.
Promote/Search out Jobs and Events
Event promotion for local charities was the original reason for developing the app, but the same software can be used very effectively to advertise jobs, organise workflow for an existing staffing network, or promote any kind of activity. The Canyudo app makes searching for activities easy. Users can specify a search radius when they look for jobs or events and get directions to any they may be interested in. Great for those planning a trip and looking for something to do when they get there, or for those searching out items to buy or a paying micro-job to do in their spare time.
Digital Proof of Agreement
Blockchain networks process an exchange of data or value in linear sequence, using cryptography to secure transactions in place of traditional ‘by eye’ methods. This safeguards the transfer of value between entities, and in turn validates the permanent transaction record it generates, meaning the data stored on a distributed ledger cannot be hacked, changed or otherwise amended once it has been processed. In practice this means that a smart contract can be used to provide proof that an activity has taken place, or an agreement made between parties, and the Canyudo app can be used to evidence proof of work done, proof of transaction
Fund Charitable Causes
We Pledge a Third of Our Revenues to Charitable Causes, As part of our token creation process we have earmarked $200M of our coin for allocation to registered charities over 5 years following our product launch, and we are also pledging 20% of the cash raised during the token sale, with the total to be used within our pay-it-forward model. Under this model we will credit app using registered charities with a special ‘tracked and traceable’ coin called ‘Kudos’, and watch as they utilise this donation to do good deeds.
We hope that charities use the app to organise events and the income we provide to incentivise and reward participation. Each time the app is used to send a payment, or document a process via the execution of a smart contract, a fee is charged and a contribution to charity is made. App users will be given the option to select the charity they wish this money to be paid to (by asking them to choose a charity each time they execute a smart contract, and/or by facilitating a default choice via their user profile) and Canyudo will credit the nominated charity accordingly.

Token Mechanics

A 2-coin system has been devised for use within the app. The primary currency Canyudocoin is employed
where payments are processed, or where we charge fees for the creation of digital proof of agreement / receipts.
Transaction records are updated to a user data protected distributed ledger, and data is accessible only by the parties
to those transactions. Canyudocoin (CYD) will be made available to be bought and sold at the crypto exchanges,
and can be held in wallets outside of our application.

Our secondary currency is Kudoscoin (KYD). Kudoscoin is created via a burn process that turns Canyudocoin
into a separate fully tracked and traceable coin. Transaction records are updated to a public distributed ledger,
with data accessible by anybody . It will be created from the income derived via user transactions we process
and user donations we receive, and will be credited to app using registered charities for use within our Pay-it-Forward model.
Kudoscoin can be held within canyudo app wallets only, and will not be available for trade at the crypto exchanges.

Coin 1                                              Coin 2
Name: Canyudocoin                     Name: Kudoscoin
Symbol: CYD                               Symbol: KYD
Ledger Data: Private                    Ledger Data: Public
Network: ETH (ERC20)                 Network: ETH (ERC20)
Max Supply: 10,000,000,000        Max Supply: 10,000,000,000
Opening Value: $0.10                   Opening Value: $0.10

The purpose of Kudoscoin is as an incentivisation tool for charities to employ. We will credit charities with KYD each month, and hope they will use the app to organise charitable events and the coin as a way to reward people for getting involved. The exchange rate between the two coins is permanently fixed at 1:1 to allow Kudoscoin to fluctuate in line with Canyudocoin. Those receiving Kudos (including the charities themselves) can sell the coin at the exchanges only by first converting back to CYD, which we will facilitate at no cost to the user.

Token Creation:

20%             10%             17%            20%               3%                 30%  
Charity Pool     Cold Storage  Dev & Promo  Public Sale   Founders & Developers    Private Sale

Token Sale:
Symbol:            CYD
Total Coin Supply: 10,000,000,000
Initial Coin Value: $0.10
Pre-ICO: 01 February - 28 February 2019
Pre-ICO Bonus: 100%
Currencies Accepted: USD, GBP, EUR, BTC
Public ICO: 01 March - 30 April 2019
Public ICO Bonus: 30% Weeks 1&2 / 15% Weeks 3&4
Currency Accepted: ETH
Target Raise Amount: $50,000,000

Token Sale Proceeds:
The token sale will begin on February 1st 2019 with a private sale of Canyudocoin to accredited investors. This will run for one month and the public sale will then begin, running for a further two months into the end of the April 2019. Half of the coin being created will be made available for sale, with 30% of the total coin created made available to accredited investors, and 20% to the general public; the other half will be kept in reserve by Canyudo and used as follows:

17% to develop and promote the app ecosystem (5 year distribution)
20% to kick-start the pool of charity money (5 year distribution)
3% to lock in the founders and key stakeholders into employment contracts running for a minimum period of 3 years.
10% to be held as a company reserve in cold storage for a 3 year period.

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