SUIPAD - The Next Gen Launchpad build on SUI

By otomatis | pramonoutomo | 3 Apr 2023


In recent years, the rise of cryptocurrencies has led to the emergence of new fundraising mechanisms for blockchain-based startups. One such mechanism is the crypto launchpad, a platform that enables startups to raise funds through initial coin offerings (ICOs) or initial exchange offerings (IEOs). Crypto launchpads offer a way for startups to showcase their projects to a global pool of investors and raise capital.

Crypto launchpads operate on a blockchain network and use smart contracts to manage the token sale process. These smart contracts provide transparency and security, ensuring that the token sale is conducted in a fair and open manner. Investors can participate in the token sale by sending cryptocurrency to the smart contract address provided by the launchpad.

One of the key benefits of using a crypto launchpad is that it offers startups access to a large pool of investors. Many launchpads have a large community of cryptocurrency enthusiasts who are interested in investing in promising new projects. This makes it easier for startups to raise funds and get their projects off the ground.

Another benefit of using a crypto launchpad is that it provides a platform for startups to showcase their projects and gain exposure. Launchpads typically offer startups the opportunity to present their projects and provide details on their business plans and technology. This can help startups attract investors and build a community around their project.

Investors who participate in a token sale through a crypto launchpad also benefit from the potential returns on their investment. If the startup is successful in executing its business plan and the token value increases, investors can realize significant gains on their investment.

However, it is important to note that investing in a startup through a crypto launchpad comes with risks. Startups may fail to execute their business plans or face regulatory challenges, leading to a decrease in token value. Investors should do their own research and exercise caution before investing in any project.

So What is SUIPAD? Suipad is a next generation of crypto launchpad which build on SUI network, it has many features which getting better than other launchpad on other blockchain.

  • SuiPad Staking & Tiering
    • SuiPad Tier System is one of the core of SuiPad Platform, ensuring certain level of commitment and allowing stakers to participate in project IDO. SuiPad Staking & Tiering go hand-in-hand. To qualify for a specific tier, you must either stake $SUIP tokens, or providing liquidity on Dex and stake LP tokens.
      • There are 6 tiers, namely:
        • 1⃣ Ruby: 2,500 SUIP staked
        • 2⃣ Sapphire: 5,000 SUIP staked
        • 3⃣ Emerald: 10,000 SUIP staked
        • 4⃣ Diamond: 30,000 SUIP staked
        • 5⃣ Crown: 50,000 SUIP staked
        • 6⃣ Sui: 100,000 SUIP staked
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  • SuiPad Shield🛡️
    • SuiPad Shield allows the ambitious and carefully selected projects to utilize such feature within their launch strategy, while also protecting SuiPad Investors from any tokens dump.
    • Currently in the market, most launchpads/IDO platforms do not have protection in place to safeguard users' principal capital against volatility when investing in newer crypto projects, making it an extremely high risk for IDO participants.
    • At SuiPad, we have engineered an Insurance feature to protect the user's principal capital. For example, if a user buy the IDO round of a launchpad project, the user can choose to add 15 % of invested funds to buy insurance.
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  • And there is more features coming.

Not just an unique features, the suipad also has been partnered with some big crypto names like Bitget, Bitkeep and more. The full complete list of their partners are posted on their twitter account @suipadxyz 

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