CasperPad - Everything you need to know about CSPD Token

IDO (Initial Dex Offering), IEO (Initial Exchange Offering) are pretty hot keywords recently in the crypto market because of the high ROI of many projects launched on these platforms.

In this article, we would like to introduce CasperPad (CSPD), the first completely decentralized launchpad enabled by Casper Network. We'll be covering the following topics:

• What is CasperPad? How does CasperPad work?
• CSPD Tokenomics and How/Where to earn and store CSPD tokens?
• Roadmap & Updates.
• Team members, Investors, and Strategic Partners.

Let's explore the potential of CSPD!

What is CasperPad?

CasperPad is the first completely decentralized launchpad enabled by Casper Network. Projects can start launching on the Casper Network through the IDO network of CasperPad.

CasperPad opens up a unique gateway to invest in future projects launched onto the Casper Network. 

How does CasperPad work?

CasperPad aims to provide more access to crypto and make the best efforts to launch high-quality tokens. Therefore, the token joining the Launchpad program on CasperPad goes through rigorous due diligence.

The applications to launch on CasperPad will go through strict screening systems to ensure that only top industry projects are selected. During the screening system, CasperPad will execute extensive research on each project. This research will include key points such as coins with a proven team, a useful product, and a large user base.

Legal matters, blockchain development, site development, designs, monetary investments, marketing, tokenomics, project launch, collaborations, and any other essential support will be provided to projects that pass the screening procedures.

Similar to some Launchpad models such as Mex Launchpad, Polkastarter, BSCPad, and so on, CasperPad will apply both the lottery and guaranteed allowances models to ensure the decentralization of the project.

What is the CSPD token?

CSPD will be the native token for all solutions related to CasperPad.

Detailed information about CSPD token

CSPD Key Metrics

• Name: CasperPad.
• Ticker: CSPD.
• Blockchain: BEP20.
• Contract: 0xef9481115ff33e94d3e28a52d3a8f642bf3521e5.
• Token Standard: Updating...
• Token Type: Utility.
• Consensus Protocol: Proof of Stake.
• Total Supply: 500,000,000 CSPR.
• Circulating Supply at Launch: 13,750,000 CSPR.

CSPD Token Allocation

• Public Sale: 20% (100,000,000 CSPD).
• Private Sale: 20% (100,000,000 CSPD).
• Liquidity: 15% (75,000,000 CSPD).
• Advisory: 10% (50,000,000 CSPD).
• Team: 10% (50,000,000 CSPD).
• Staking: 20% (100,000,000 CSPD).
• Airdrops: 5% (25,000,000 CSPD).

CSPD Token Release Schedule

CSPD Token Sales

To qualify for the whitelist, participants need to stake CSPR directly on the Casper Network with a minimum of 3,000 CSPR and a maximum of 150,000 CSPR.

• IDO Date: December 10th, 2021.
• Staking Eligibility end: December 9th, 2021
• Public Sale Token Price: $0.008 on PancakeSwap (paid in USDT/BUSD).

CasperPad's 6 Tier Levels.

• Tier 1: 3,000 - 10,000 CSPR (5% of CSPD).
• Tier 2: 10,000 - 29,999 CSPR ( 7.5% of CSPD).
• Tier 3: 30,000 - 59,999 CSPR ( 10% of CSPD).
• Tier 4: 60,000 - 99,999 CSPR ( 15% of CSPD).
• Tier 5: 100,000 - 149,999 CSPR ( 27.5% of CSPD).
• Tier 6: >150,000 CSPR (35% of CSPD).

CSPD Token Use Cases

• Governance: Active stakeholders and liquidity providers are actively engaged in discussing and voting for protocol upgrades.
• Staking for Launchpad Allocations: Users will need to hold and stake CSPD tokens to participate in future Initial DEX (decentralized exchange) Offering funding campaigns.

How to get CSPD Token

If you want to join the public sale of CSPD, you may stake CSPR on the Casper Network. You can get CSPD tokens by buying CSPD on cryptocurrency exchanges, such as PancakeSwap.

How to store CSPD Token

Coin98 Wallet currently does not support CSPD storage. When this feature is available, we will update you as soon as possible.

CSPD Roadmap

According to CasperPad's roadmap, they will go fast in late 2021. The first Launchpad initiatives will begin in the first quarter of 2022.

CasperPad and Casper should speed up even faster in order to not miss out on the potential to expand the ecosystem.

Learn more: After The CasperPad Launching, Will The Casper Ecosystem Explode

Team, Investors, and Partners

Updating...

Is CasperPad (CSPD) a good investment?

Casper's ecosystem is at a fairly early stage. After the Launchpad of CasperPad is completed, I predict that Casper will have strategies to promote the ecosystem. However, it is necessary to monitor the performance to assess the potential of Casper in the future properly.

I believe that many investors will continue to explore opportunities in a new launchpad platform like CasperPad, given the success of many other launchpad projects.

There are a number of decentralized exchanges (DEXs) now hosting IDOs, and the options can be overwhelming for individuals who are new to the concept of decentralized fundraising. It can be difficult to know which platform is safer for you if you're on the fence regarding which platform to use to seek for IDOs. So I advise you to do your own research (DYOR) carefully before investing.

Similar Projects

Polkastarter (POLS): One of the top-tier IDO platforms in the crypto world. It has enabled many projects to raise funds in a cheaper and faster way than IEO platforms. In terms of users, Polkastarter gives them the opportunities to buy tokens at a quite early stage with potentially high ROI afterward.  

Binance Launchpad: The exclusive token launch platform of Binance - a famous crypto exchange in the South East Asia region. Although there have not been many projects to be launched on Binance Launchpad, their products have been of great quality.

Conclusion

So I have provided you with the latest information from CasperPad and CSPD Token. If you're interested in other projects, please leave a comment below. Coin98 will research the projects and publish articles about them.

Learn more:  Dvision Network - All about DVI Token