0xPAD Review: Providing Projects Support and Investment Opportunities to Users
0xPAD is a multichain LaunchPad protocol as well as a decentralized incubator protocol. It is a blockchain project that aims to decentralize seed funding and angel investing while providing our supporters with innovative ideas, projects, and opportunities. The project has two primary objectives: support objectives and users’ best earning and investment opportunities.
The LaunchPad assists projects that already have products and are ready to enter the market. These projects can host high-quality, well-coordinated IDOor token generation events. To ensure the success of the IDO events, 0xPad employs a strong marketing strategy. Regularly, 0xPad users receive early investment opportunities in high-quality and innovative projects.
Users can participate in IDO or token generation events held in the LaunchPad to invest in these projects at the seed funding stage through the novel decentralized incubator protocol or at the market entry stage by participating in the LaunchPad’s IDO or token generation events. In this article, we shall look into 0xPAD, its features, pros, and cons, and give final thoughts on the project. Let’s dive in:
Tier — Weight Mechanism
To ensure fairness in the distribution of members’ allocation, 0xPad employs a novel Tier — Weight Mechanism. Unlike other projects that use either a tier system or a weight system to ensure true fairness in distribution, 0xPad is the first to use a hybrid Tier — Weight sales mechanism. It allows everyone to participate and ensures that no one is left out.
Because 0xPad is a decentralized launchpad and incubator protocol, angel investing/seed funding is distributed (decentralized) among several protocol members as it should be. It allows everyone to participate and receive their fair share, and it is also more pro-project growth than centralized seed funding networks and venture capitals.
Early Access for All
0xPad provides every member with the opportunity to invest in great ideas and projects at an early stage. Members can participate in the early stages of seed funding and the market entry stage by participating in IDO or token generation events.
During the project selection stage, 0xPad maintains a thorough vetting process. Extensive evaluations of the project’s use-case, roadmap, tokenomics, vesting timeline, and other critical aspects are carried out.
Staking & Yield Farming
When a user stakes their 0xPAD tokens or LP tokens of 0xPAD, they automatically become a member. A member receives numerous advantages, including guaranteed IDO allocation, early access, staking/yield farming rewards, voting rights, and access to the incubator feature.
Bronze, silver, gold, and platinum membership tiers are available, with the lowest being bronze and the highest being platinum.
Security is of the utmost importance at 0xPad. Several security tools and measures, such as using multi-sig vaults for funds and robust transaction validation mechanisms, are in place. In addition, the platform has several layers of security checks configured.
The 0xPAD token is the utility token on 0xPAD used on all of the protocol’s features, so it has multiple use cases. 100,000,000 0xPAD got mined during the Token Generation Event (TGE). It is the total number of 0xPAD tokens that can ever exist. The token smart contract does not have a minting function and is not capable of doing so.
- Protocol Allocation: 50%
- IDO Allocation: 12%, 100% Unlocked
- Presale Allocation:10%, 10% Unlocked, 90% Locked
- Partnership Allocation: 10%, 100% Locked
- Future Development: 7%, 100% Locked
- Liquidity Allocation: 6%, 100% Unlocked
- Team Allocation: 3%, 100% Locked
- Marketing: 2%, 100% Locked
- Circulating Supply at TGE: The circulating supply right after TGE/IDO is 13,000,000.
At TGE, 0 percent equals 1,000,000 unlocked. 90%, or $9,000,000, is secured for one year. After the one-year lockup period, the project will make distributions at a rate of 10% every six months. The vesting period is 5.5 years.
This round is the first of market entry. The project is doing a social media whitelisting for guaranteed/early access. TGE/IDO has unlocked 100% of this allocation.
Participants have immediate access to 100% of the tokens they purchased, and they can become members and begin earning money by participating in IDOs/incubating innovative projects. They also receive substantial staking and liquidity mining rewards.
- Secure: The platform employs multi-sig vaults for funds and robust transaction validation mechanisms. In addition, the platform has several layers of security checks configured.
- Proper vetting: Projects that are supported go through a rigorous vetting process. The project’s team, as well as their expertise and track records, have been verified.
- Code auditing: Most notably, 0xPad ensures that projects supported during their sale have their smart contract codes audited by a reputable third-party auditing company and by the 0xPad team internally.
- Still in Development: Many project details are yet to be released, such as the roadmap and part of the website. Also, most of the features are not yet launched, including the upcoming token presale. However, as time goes by on, this might change.
The multichain launchpad and decentralized incubator protocol are two of the project’s distinguishing features. Innovative projects can receive the assistance and resources they require to succeed. Such projects are either supported during our incubator program’s early seed funding stage or market entry. Regularly, 0xPad users can benefit from early investment opportunities in high-quality and innovative projects.
Users can interact with the project in a variety of ways. People can participate in two ways: as guests or as members; the type of participation determines the allocation received by the user. Guest participants receive the unguaranteed smallest percentage,, which is not guaranteed, whereas member participants receive a guaranteed distribution of varying sizes based on membership level or tier.
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