0xpad — Multichain Launchpad and Incubator.

cryptoinmind (30)in #oxpad • 3 years ago

Overview

Cryptocurrency has been spreading its wings in many industries and the financial markets for a long time now. Blockchain has grown massively in popularity expanding its use cases from cryptocurrencies to other sectors such as banks, health, and real estate. Emerging blockchain start-ups disrupted the investment space in 2017 when they adopted the token approach to raising funds. Instead of these start-ups raising funds through the traditional model from institutional investors, they issued tokens and released white papers to offer investors security in their projects.

The growth of blockchain has invented crowdfunding techniques such as ICO, IEO, IDO, and STO’s as a new method of fundraising over time. The rise of the crypto economy is both promising and unfortunate for VCs as well as retail investors worldwide. Promising because now they have the opportunity to invest in crypto assets. However, there are Blockchain challenges related to UI/UX, lack of KYC these VC’s and retails investors are stuck with traditional fundraising strategies. That is why unveiling 0xPAD.

What is 0xPAD?

0xPAD is a multi-chain LaunchPad and a Decentralized Incubator Protocol. It is a blockchain project that is set to decentralize seed funding and angel investing while bringing innovative ideas, projects, and opportunities to our supporters.

Goals of 0xPad

Providing innovative projects with the support and resources they need to succeed. Such projects are either supported in the early seed funding stage through our incubator program or in the market entry stage through 0xPAD LaunchPad.

The Incubator program provides selected projects with development funds and other resources such as experienced developers to help build products, a marketing team to aid with business growth and any other kind of supports that such a project might need.

The LaunchPad helps projects which already have products and are ready for market entry. The LaunchPad helps these projects to run quality and well-coordinated IDO or token generation events. 0xPad adopts a solid marketing strategy to ensure that the IDO events are highly successful.

Users of 0xPad gain early investment opportunities for high-quality and innovative projects on a regular basis. 0xPad users can invest in these projects at the seed funding stage through our novel decentralized incubator protocol or in the market entry stage by participating in IDO or token generation events held in 0xPad LaunchPad. This gives users entry points to maximize the turnover of their investments. In addition to these, users also earn great staking and liquidity mining rewards.

Why 0xPad?

Decentralized — 0xPad operates as a decentralized launchpad and incubator protocol, as such, angel investing/seed funding is distributed/decentralized as it should be. This gives everyone the opportunity to partake.

Easy Access to All — 0xPad gives everyone the chance to invest in great ideas and projects at a very early stage. Users can participate in the early stage of seed funding and also in private/public sales.

Proper Vetting — 0xPad maintains a well-rounded vetting process during the project selection stage. Detailed evaluation of the project’s use-case, roadmap, tokenomics, and vesting timeline is carried out.

Secured Platform — At 0xPad, security is of utmost importance, several security tools/measures such as multi-sig vaults for funds and robust transaction validation mechanisms are implemented.

Ecosystem of 0xPad

0xLaunchPad — 0xLaunchPad allows members of 0xPad to participate in different levels and tiers of partner projects’ token sales. 0xLaunchPad uses a hybrid tier-weight token sale mechanism to ensure fairness

0xIncubator — 0xIncubator allow members who contribute funds into the incubator pool to participate in the seed funding stage of incubated projects. This allows little investors to finally become part of angel investing.

0xVault — 0xVault is 0xPad’s staking and Incubator vaults. It provides holders of 0xPad’s native token with different staking pools, membership levels, and staking rewards. It also gives them access to the incubator pool.

0xMine — 0xMine is 0xPad’s liquidity mining feature. People who participate in liquidity mining earn high mining rewards. They are ranked highest membership level and have access to IDOs and the Incubator pool.

As shown in the chart below, users can participate either as a guest or as a member. The requirements for each participation type is as follows:

Guest Participation — A user who is not a member (not staking 0xPAD token or 0xPAD LP tokens) can still participate in IDOs as a guest. To participate as a guest, the following requirements need to be met:

Guest participants must whitelist their addresses in order to participate. It is recommended that a guest participant get his/her address whitelisted early, typically 48hrs before the IDO starts.

A whitelisted wallet needs to hold 0xPAD tokens, the IDO allocation received by a whitelisted address is proportionate to the number of tokens held. For example, if a whitelisted wallet holds 0 tokens during the IDO, such an address will have 0 allocations.

Member Participation — A user who stakes his/her 0xPAD tokens or stake LP tokens of 0xPAD automatically becomes a member. A member enjoys so many benefits such as guaranteed IDO allocation, early access, staking/yield farming rewards, voting rights, and access to the incubator feature.

There are four different categories or tiers of membership, these are discussed in the order of lowest to highest tier as follows:

Bronze Membership: To become a Bronze member, a user needs to stake a 0xPAD token in the Bronze staking vault. Bronze membership is the lowest membership type or tier. Members of this tier enjoy a guaranteed allocation in IDOs and the allocation is higher than guests allocation. In addition, Bronze members enjoy staking rewards, have voting rights and also have access to the incubator feature.

Silver Membership: To become a Silver member, a user needs to stake 0xPAD tokens in the Silver staking vault. Silver membership is a tier higher than bronze membership and members of this tier enjoy a guaranteed allocation in IDOs, and their allocation is higher than the Bronze allocation. Similarly, Silver members enjoy staking rewards, have voting rights and also have access to the incubator feature.

Gold Membership: Stakers of 0xPAD tokens in the Gold Vault are Gold members. Gold membership is a tier higher than Silver membership and members of this tier enjoy a guaranteed allocation in IDOs, and their allocation is higher than the Silver allocation. Similarly, Gold members enjoy staking rewards, have voting rights and also have access to the incubator feature.

Platinum Membership: There are two ways of becoming a Platinum member, either by staking 0xPAD tokens in the Platinum staking vault or by staking 0xPAD’s LP tokens in the 0xMine Vault. This is the highest membership or tier level and members of this tier get the highest guaranteed allocation in IDOs, they also enjoy the highest staking/liquidity mining rewards, they have voting rights with the highest voting weight, and also have the most access to the incubator feature.

0xPAD Token

0xPAD token is the utility token on 0xPAD, it is used on all features the protocol offers hence the token has multiple use cases.

Use cases of 0xPAD token

0xPAD Membership System: The membership system of 0xPAD is dependent on the 0xPAD tokens. The membership type or level of a user depends on which vault the user is staked in.

The Tier — Weight token allocation mechanism relies on 0xPAD tokens. A user gains access by becoming a member as stated in the previous use case but the IDO allocation the user gains access to is dependent on the quantity of 0xPAD tokens staked or the value of LP tokens lockup up in the mining pool. If the user’s stake reaches a threshold, then the user gains access to the maximum allocation for that pool. If the user’s stake is less than the threshold, then the allocation such a user gains access to is a weighted allocation, proportionate to the amount staked by the user.

Incubator allocation access is also dependent on the user's membership type and the weight of the user's stake. Again, all these are dependent on the amount of 0xPAD tokens staked or on the amount of LP locked up in the liquidity mining feature.

The voting weight of a user is dependent on the amount of 0xPAD tokens staked by the user or on the value of the user’s LP locked up in the liquidity mining feature.

Stakers and liquidity miners earn more 0xPAD tokens by staking 0xPAD tokens and LPs of 0xPAD tokens respectively.

Roadmap

Conclusion
0xPAD is a decentralized community VC and launchpad coupled with multichain capabilities. The platform will give users access to exclusive projects at ground floor prices not available to the average trader. At 0xPAD, they pride themselves on inclusivity by offering multiple investment tier options to holders.

0xpad — Multichain Launchpad and Incubator.

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