In this article, we would like to introduce SmartPad - a cross-chain, B2B IDO platform. We'll be covering the following topics:
- What is SmartPad? What are SmartPad’s features?
- PAD Tokenomic and How to earn, store PAD tokens?
- Roadmap & Team, Investors, partners.
What is SmartPad?
SmartPad is a Cross-chain, B2B ecosystem for the decentralized fundraising of capital. The platform gives startups the flexibility to raise capital across multiple blockchains or from a single chain at the same time, while also creating a synthetic pair on chains, other than the native blockchain.
For example, if a token is originating on Ethereum, its synthetic version can be staked on Binance, to generate yield in BEP-20 Synth equivalent.
How does SmartPad work?
SmartPools: Any PAD holder can create pools for projects. The pool creator will determine how the price is set and also other perimeters of the pool.
SmartStaking and Lottery: Staking PAD tokens grants LPs aPAD tokens. aPAD tokens will be used in governance and voting when these features become available. When staking PAD, users will also get a chance to participate in the lottery to win a ticket.
DAO voting and due diligence: IDO applications will be submitted via the blockchain and DAO will do due diligence and vote to decide whether they are worthy to be accepted in our ecosystem.
Smartathon: Smart hackathon will be a place where startups can receive suggestions for growing. Via this feature, SmartPad will guide new startups through all the necessary steps needed to launch a successful Hackathon.
What is PAD token?
PAD token serves as a utility and governance token. Its specific use cases could be found below.
Detailed information about PAD token
Key Metrics PAD
- Token name: SmartPad.
- Ticker: PAD.
- Token Standard: ERC-20.
- Contract: 0x5067006f830224960fb419d7f25a3a53e9919bb0
- Token use cases: Utility, Governance.
- Circulating Supply: Updating...
- Total Supply: Updating...
PAD Token Allocation & Release Schedule
|Team||20,000,000 (2%)||Subject to vesting|
|Seed||80,000,000 (8%)||Subject to vesting|
|Liquidity mining||150,000,000 (15%)||Subject to 2 years linear lock|
|Liquidity pools||150,000,000 (15%)||Lock n/a|
|Development incentives||150,000,000 (15%)||Subject to 2 years linear lock|
|Marketing incentives||200,000,000 (20%)||Subject to 2 years linear lock|
|Ecosystem incentives||150,000,000 (15%)||Subject to 2 years linear lock|
|Community building||100,000,000 (10%)||Subject to 3 years linear lock|
PAD Token Sale
PAD Token Use Cases
PAD token’s functionality includes:
- Governance / Voting: PAD holders can stake PAD tokens and earn aPAD. aPAD holders will be eligible to participate in voting to bring in only the best projects. The governance feature and early access to pools is not available at the moment of writing though.
- Pool’s creation / Whitelisting: Any user, who owns a certain amount of PAD will get an opportunity to create a pool he wants. Users will be the ones responsible for providing pool details such as the project’s name, URL, beginning and end date, whitelisting application, and other details.
How to store PAD Tokens
PAD will be compatible with all ERC-20 compatible token wallets such as MetaMask, Trust Wallet, etc.
Besides, you can store, send, and receive PAD tokens on Coin98 Wallet with a few single steps. The guides on how to make transactions with PAD on Coin98 Wallet will be updated soon.
How to buy PAD Tokens
The guides on how to use Coin98 Exchange to swap other tokens for PAD will be updated soon. Besides Coin98 Exchange, users can also trade PAD tokens on Uniswap.
Roadmap & Updates
May 2021: Platform launch with SmartStaking and SmartPools features.
July 2021: SmartPools early access and whitelist, Governance, Lottery, Hyperbolic price SmartPools
Q4 2021: SmartUps and Incubator, Solana and Tezos bridges, Smartathon, DAO voting
Is PAD a good investment?
There has been no source tracking market cap, number of IDOs, or any fund raised for SmartPad yet, however, to belong to the top ones, SmartPad still has a long way to go. Since the platform’s introduction in April, it has had only one 1 IDO launched in September (Allbridge). Top IDO platforms have much more tokens in TGEs which are shown as follows.
Allbridge token (ABR) has been performing extremely well post-launch, trading at nearly 28.85x times its original price of $0.2 at the moment of writing. We hope to see the platform can attract more high-qualified IDOs in the future. Recently, Aurora - an EVM on the Near Protocol - also has announced its AURORA token sale on SmartPad in upcoming November.
In Q4 2021, Solana and Tezos bridges will be introduced, hopefully, they will attract projects from those booming ecosystems to raise funds on the SmartPad platform.
Team, Investors, and Partners
DAO Maker (DAO): A platform for retail ventures to invest in startups and projects at an early stage. In other words, DAO Maker is a launchpad that acts as an intermediary between the retail investors and the protocols during the fundraising process.
Poolz Finance (POOLZ): A decentralized cross-chain IDO (Initial Decentralized Offering) platform aiming to enable crypto projects to raise funds for bootstrapping liquidity. Investors, on the other hand, can leverage the Poolz platform to discover promising projects.
This article has included the most critical and detailed information on the PAD Token. Please leave any questions you have below, and we will get back to you as soon as we can!