FaceDAOPrice

(FACE)

FaceDAO is a Web3.0 decentralized social media platform focused on returning data ownership and control to its users. It operates as a decentralized autonomous community (DAO), enabling interactions among verified real individuals globally. Its core mission is to revolutionize social networking by leveraging blockchain technology for transparency and user empowerment, creating a secure environment for genuine social connections where users actively participate in governance and benefit from their contributions.

Unlike centralized Web2 platforms that often profit from user data and attention without direct compensation, FaceDAO is decentralized and built on blockchain. It champions transparency, freedom of expression, and user ownership of data, actively rewarding engagement. It directly addresses issues like widespread fake accounts, misinformation, content manipulation, lack of privacy, and the commercial exploitation of user data prevalent in Web2, aiming to foster a trustworthy, user-centric online community.

FaceDAO employs advanced 3D liveness verification and authentication protocols to rigorously confirm the identity of each user. This stringent process is designed to effectively eliminate fake accounts and bots from the platform. By ensuring that every user is a verified, real individual, FaceDAO aims to maintain the integrity of its community, preventing single users from creating multiple accounts and fostering a trustworthy environment where only genuine interactions occur.

The $FACE token is FaceDAO's native cryptocurrency, serving as a user's private key and decentralized identifier (DID) for Web3.0. Its utility spans rewarding content creators and active users for their engagement, enabling participation in governance decisions through voting, facilitating transactions within the ecosystem, and allowing staking to unlock enhanced social features. It's integral to the platform's economic model, user empowerment, and the overall functionality of the decentralized social network.

Users can earn $FACE tokens through various active engagements on the platform. This includes daily visits, liking, commenting, sharing content, and creating posts. Additional earning opportunities arise from managing the platform as an administrator, inviting new users, and completing specific community tasks. There's also the potential for passive income through shared advertising revenue, encouraging continuous participation and contribution to the FaceDAO community and its growth.

FaceDAO was developed by a decentralized team composed of industry experts and software engineers. These professionals reportedly come from prominent technology companies including IBM, Google, Apple, Huawei, Tencent, and Facebook, bringing diverse experience to the project. While the team comprises experienced individuals, the identities of the founder/CEO and some other members were anonymous as of May 2022, a common practice in certain decentralized projects aiming for community-led development.