Article Summary, Automatically Generated By AI
Summary of ADAPad (ADAPAD)
Overview
- ADAPad is a deflationary launchpad for the Cardano ecosystem.
- Aims to be an incubator program for new projects on Cardano.
Key Features
- Deflationary triggers tied to selling, unstaking, and IDO participation.
- ADAPad holders rewarded with 7.5% of sell fees in ADA.
- Staking and KYC process required for IDO participation.
- Tiered system for allocation of tickets based on staked ADAPAD.
- Lottery allocation for stakers.
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Introducing ADAPad: The Pioneering Launchpad for Innovative Projects
Introducing ADAPad (ADAPAD): A Revolutionary Launchpad
ADAPad proudly bills itself as the pioneering deflationary launchpad tailored to the Cardano ecosystem. Drawing parallels with ETHPad, BSCPAD, and TRONPAD, all of which were spawned by the same visionary company, ADAPad’s raison d’être is to serve as a nurturing incubator for fledgling projects within the Cardano realm.
Through ADAPad, the team strives to exert comprehensive control over cross-platform launches, while implementing robust liquidity sniping-bot protection and a proprietary cross-chain bridge. Additionally, ADAPad will feature a proven staking system. Furthermore, the platform will incorporate multiple deflationary triggers, which will be activated by selling, unstaking, and IDO participation. Notably, ADAPad holders will be incentivized with a 7.5% reward of sell fees in ADA.
The Cardano Foundation has recently unveiled the Alonzo upgrade, a pivotal development poised to unlock the potential of smart contracts and decentralized finance within the Cardano ecosystem. This milestone is likely to precipitate a surge in projects opting for Initial Decentralized Offerings (IDOs) on Cardano, with many leveraging the services of launchpads such as ADAPad.
The Visionaries Behind ADAPad: Meet the Founders
BlueZilla, a self-proclaimed cryptocurrency incubator, is the driving force behind the development of ADAPad. Notably, the team is also responsible for the creation of ETHPad, BSCPAD, and TRONPAD. Boasting an in-house ensemble of developers, designers, marketers, influencers, traders, and legal experts, BlueZilla appears to possess a comprehensive range of capabilities. However, the founders of this entity remain shrouded in anonymity.
Unveiling the Unparalleled Advantages of ADAPad
By staking ADAPAD and completing a one-time Know-Your-Customer (KYC) verification process at least three hours preceding the IDO time, holders can participate in Initial Decentralized Offerings (IDOs) on the Cardano blockchain.
The allocation of tickets is contingent upon the amount of ADAPAD staked, with ADAPad featuring a tiered system that comprises multiple levels:
Copper
A total of 25,000 units have been staked.
Pool Weight: 5
The Bronze Tier
Fifty thousand staked.
Pool Weight: 10
Aurora’s Noble Metal
A staggering 100,000 stakes have been committed.
The pool’s weight is 22.
Aurum
A staggering 200,000 stakes have been committed.
The pool’s weight is 48.
Moreover, a 10% allocation of each IDO is set aside for a lottery distribution.
Participate by staking 2,000 ADAPad to receive one lottery ticket.
Stake 4,000 ADAPad and receive two exclusive lottery tickets.
Participate in our exclusive offer by staking 6,000 ADAPad and receive three coveted lottery tickets.
Stakers also reap benefits in the form of a 10% share of fees generated from token sales, courtesy of a tax on selling fees. This allocation is further divided, with 7.5% being redistributed in ADA and 2.5% being burned to foster a deflationary dynamic. However, holders must observe an eight-week waiting period before unstaking, lest they incur a 25% penalty. ADAPad envisions itself as a pivotal milestone in the evolution towards more cross-chain launches, prioritizing support for the most promising teams and projects across its ecosystem of launchpads.
What Is the Circulating Supply of ADAPad (ADAPAD) Coins?
The total supply of ADAPAD tokens is capped at 1 billion. At the time of listing, a mere 29.5 million tokens were in circulation, with a modest price tag of $0.004, resulting in an initial market capitalization of $118,000. The token distribution is allocated as follows:
- The Team: 12%
- Advisory Board: 6%
- Liquidity Provision: 15%
- Ecosystem Development: 16%
- Reserve Allocation: 5%
- Staking and Rewards: 15.5%
- Private Sale Participants: 19%
- BSCPAD Initial DEX Offering (IDO): 3%
- ETHPAD Initial DEX Offering (IDO): 2.5%
- TRONPAD Initial DEX Offering (IDO): 2.5%
- KCCPAD Initial DEX Offering (IDO): 2.5%
- Airdrop Recipients: 1%
The project omits crucial details on liquidity locking and vesting schedules. The primary motivation for ADAPAD stakers to retain the token lies in the aforementioned 7.5% redistribution of ADA from sell transactions.
The Unwavering Security of the ADAPad Network
ADAPAD is dual-listed as an ERC-20 token on the Ethereum network and a BEP-20 token on the Binance Smart Chain (BSC), ensuring seamless interoperability. To guarantee a secure and trustworthy Initial DEX Offering (IDO) experience, the team implements rigorous Know Your Customer (KYC) protocols for all participating individuals.
Ethereum, one of the most prominent blockchains, boasts the widely adopted ERC-20 standard, which has become the de facto solution for the vast majority of tokens operating on the Ethereum blockchain. This esteemed network is secured by a proof-of-stake consensus mechanism, which necessitates validators to stake a minimum of 32 Ether. A decentralized network of nodes is responsible for validating transactions and ensuring the integrity of the Ethereum blockchain.
The Binance Smart Chain (BSC) is fortified by the proof-of-stake consensus mechanism, which ensures the integrity of the network. Every 24 hours, a cohort of 21 validators is elected to validate transactions and safeguard the blockchain’s security. To be eligible for this role, these validators must stake a predetermined amount of BNB coins with Binance, thereby demonstrating their commitment to the network’s stability.
The Anticipated Launch of ADAPAD Trading: A Timeline Unveiled
ADAPAD successfully debuted on prominent decentralized exchanges PancakeSwap and Uniswap on September 9, 2021, marking a significant milestone in its journey.
Will ADAPAD Soar to $1?
ADAPAD has already demonstrated remarkable appreciation, surging from its public sale price of $0.004 to over $0.60 at the time of writing. With a mere doubling of its current value required to breach the $1 milestone, it appears entirely plausible that ADAPAD will reach this threshold, contingent upon the performance of the broader cryptocurrency market and the progress of the Cardano ecosystem.
In Which Exchanges Can You Acquire ADAPad (ADAPAD)?
ADAPAD is conveniently listed on prominent decentralized exchanges, including PancakeSwap (V2), Uniswap V2, and Dodo BSC. New to the world of cryptocurrency? You can delve into the CoinMarketCap education portal, Alexandria, to discover the ins and outs of entering the market and acquiring ADAPAD or any other token.
Associated Resources:
Discover ETHPad, a pioneering launchpad exclusively designed for the Ethereum ecosystem.
Discover BSCPAD, a premier launchpad for Binance Smart Chain (BSC) projects, renowned for its exceptional capabilities and widespread adoption.
Introducing TRONPAD, a pioneering launchpad designed specifically for the TRON ecosystem.
Uncover the Hidden Realities of Launchpads.
Stay abreast of the latest developments in the cryptocurrency landscape and gain valuable trading insights with CoinMarketCap’s premier educational resource, Alexandria.