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About ETHPad
Key Points:
- ETHPad is a cross-chain platform inspired by EIP-1559 on Ethereum, designed to enhance the deflation mechanism.
- It has assembled deflationary triggers with a focus on staking, token sale, and IDO participation.
- The platform has access to cross-chain launches and full control of the process, providing protection against bots that track liquidity.
- BlueZilla is behind the development of the ETHPad platform.
- ETHPad is a deflationary and decentralized IDO platform built on top of EIP-1559.
- Main deflationary mechanisms include 10% commission for token sales and an option to unstake early with
About ETHPad: Empowering the Future of Ethereum-based Innovation
Introducing ETHPad (ETHPAD): A Comprehensive Overview
ETHPad (ETHPAD) is a pioneering cross-chain platform, drawing inspiration from Ethereum’s EIP-1559, with a primary focus on augmenting the deflation mechanism. In essence, ETHPad has masterfully integrated deflationary triggers, placing a strong emphasis on staking, token sales, and IDO participation.
The platform boasts seamless access to cross-chain launches, affording full control over the process, thereby safeguarding against bots that track liquidity. This is achieved through a time-tested betting system and a robust cross-chain bridge.
The Visionaries Behind ETHPad: Meet the Founders
At the helm of the ETHPad platform’s development is BlueZilla, a team renowned for their instrumental role in the conception and triumphant launch of esteemed projects, including BSCPad and TRONPAD.
As of August 2021, the identity of the CEO and founder behind the ETHPAD token remains undisclosed.
Unveiling the Unparalleled Attributes of ETHPad (ETHPAD)
ETHPad is a pioneering, decentralized IDO platform erected upon the foundations of EIP-1559. Leveraging the robust Ethereum blockchain, ETHPad’s primary objective is to inject deflationary forces into the ETH token economy. To achieve this, the development team has ingeniously woven a deflationary system into the very fabric of the ETHPad platform, where deflationary mechanisms are seamlessly integrated into the structure of ETHPad tokens.
The primary deflationary mechanisms comprise:
- A 10% commission is levied on token sales, comprising two components: 2.5% is burned, while 7.5% is allocated as rewards to participants;
- Early unstaking is permitted, albeit with a 25% burning fee; however, if participants wait for 21 days to unstake, no fee is incurred.
The roster of deflationary mechanisms will undergo a thorough revision and augmentation.
Besides the aforementioned benefits, it is noteworthy that the ETHPad project boasts a modest initial market capitalization of $55,500 USD, a factor that may potentially contribute to its growth prospects.
Associated Resources:
Delve into the world of BSCPAD (BSCPAD) and TRONPAD (TRONPAD), two innovative platforms shaping the future of decentralized finance.
Delve into the world of decentralized exchanges with PancakeSwap (CAKE) and Uniswap (UNI), two prominent players in the DeFi landscape.
Discover the essence of Initial DEX Offerings (IDO) and the significance of their emergence in the cryptocurrency landscape.
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What Is the Circulating Supply of ETHPad (ETHPAD) Coins?
The ETHPad platform is powered by its native token, ETHPAD, which is available for staking and trading under the ticker symbol ETHPAD. The maximum supply of ETHPAD has been capped at 1,000,000,000 tokens, with the following distribution: 11% allocated to team members, 6% to advisors, 10% to the liquidity pool, 9% to the ETHPad ecosystem, 3% to the reserve, 9% to stakes and rewards, 22% to the Private Sale, 20% to the Airdrop, 5% to the Public BSCPad, and 5% to the Public TronPad.
Regarding the tokens offered on ETHPad IDO, a categorization is employed, wherein 5% is allocated for public whitelist lotteries, 10% for lottery tiers (Bronze, requiring 5,000 staked tokens for one lottery ticket), and 85% for guaranteed allocation tiers (Silver, necessitating 120,000 staked tokens, and Gold, requiring 200,000 staked tokens).
A pivotal milestone was reached on July 15, 2021, with the successful execution of an Initial Coin Offering (ICO). Notably, the presale event was hosted on BSCPAD. For access to confirmed information regarding forthcoming or completed Initial Decentralized Offerings (IDOs), please refer to the ETHPad project’s social media channels.
The Security Framework of the ETHPad Network: A Robust Defense Mechanism
Current Ethereum-based launchpads are exceedingly vulnerable to sniper bots and other deceitful strategies. Consequently, the ETHPad team has dedicated considerable resources to devising innovative solutions to thwart manipulative tactics during launch, thereby ensuring a seamless process and facilitating natural, unhindered price discovery.
To participate in the IDO, it is imperative to undergo the KYC (Know Your Customer) procedure, a mandatory identity verification process for all platform users. This protocol aims to gather fundamental information about IDO members, thereby ensuring the security and integrity of the ETHPad platform.
Where to Acquire ETHPad (ETHPAD) Tokens?
As of August 2021, prominent decentralized exchanges, namely Uniswap (V2) and PancakeSwap (V2), serve as ideal platforms for acquiring or divesting ETHPAD tokens.
Your meticulous roadmap to success:
- Download and log in to a digital wallet (Trust Wallet, MetaMask, Binance Chain Wallet), then link a trusted wallet to a prominent exchange (PancakeSwap, Uniswap);
- Deposit funds into your wallet and execute a transfer to PancakeSwap or Uniswap;
- Locate the ETHPAD token and specify the desired quantity for purchase;
- Adjust the amount (ETHPAD) and initiate the swap;
- Upon receiving the ETHPAD tokens, transfer them to your secure crypto wallet for safekeeping.