September 28, 2022

What is NearPAD?

NearPAD is an IDO platform built on Near Protocol that promotes the financing process for active projects through token sales. This allows investors to purchase prospective tokens at a discount when they are launched on the market.

However, NearPad isn’t the first Launchpad to use the Near Protocol. Skyward Finance formerly functioned as an IDO platform with a continuous auction mechanism and Heo Finance-focused operations based on the way of holding the platform token to purchase tokens early. When it comes to traditional applications, NearPAD will have to fight strongly with its competitors that have more novel applied technologies.

What Makes NearPAD Unique?

Automatic calculation of stake factor: Users stake PAD tokens to participate in IDO pools corresponding to the number of tokens staked.

Automatically join the pool: Users will be automatically included in the appropriate pool to join instead of manual manipulation.

Convert IDO pool tickets into NFT tokens: This feature helps to circulate IDO tickets to NFT Marketplaces, helping to increase market liquidity.

Auto-compound feature for yield farm pools: The feature that allows users to register and join Yield farm pools has been integrated into the platform. In addition, Auto-compound also helps you to monitor and manage your portfolio right on the exchange.

Detailed Information About PAD Token

Token Metrics

  • Token Name: NearPad
  • Ticker: PAD
  • Blockchain: Ethereum
  • Decimals: 18
  • Standard: ERC-20
  • Contract: 0xea7cc765ebc94c4805e3bff28d7e4ae48d06468a
  • Token type: Utility, Governance
  • Total Supply: 150.000.000 PAD

Token Allocation

  • Community Reward Pool: 25% for bootstrapping ecosystem, program(s) to be determined-linear in 24 months
  • Treasury Fund: 25% – 5% at TGE – linear in 24 months
  • Team and Advisors: 20% – 3 months cliff, vesting over 12 months
  • Public Round: 15% – all unclocked
  • Seed Round: 10% – linear in 12 months (per block)
  • Liquidity mining: 5% – all unlocked

Token Use Cases

  • Users can stake PAD to earn rewards.
  • PAD holders have the right to participate in governance activities.
  • Use PAD to pay fees from activities on the platform.

Where To Buy PAD Token?

Users can buy PAD tokens on Hotbit, SushiSwap, or NearPAD exchanges.

Core Team Members

Updating.

Investors and Advisors

NearPAD is invested by many hedge funds such as LD Capital, NGC Venture,…

The project is also supported by Jack Lu – who has long experience working at Bounce Finance, Per Mitchell and Jasper De Goojier both at Flux Protocol.

Roadmap

By the end of Q4 2021, NearPAD has completed 2 products Launchpad and Dex Aggregator. However, the Yield Aggregator feature is under maintenance to continue to improve in 2022 and will add some features such as:

  • Phase 1: Launch the protocol on Ethereum to take advantage of the network effect.
  • Phase 2 – Yield Farming: Portfolio management and automated aggregators to get Yield Farming up and running.
  • Phase 3 – NearPASS: That allows transaction IDO Whitelist. Implement NFT and grant access to IDO Pools.

NearPAD’s Official Websites

Conclusion

Currently, there are many IDO Platform projects under construction. With the development of the Near Protocol ecosystem, NearPAD will definitely become a platform that gets more attention than other competitors in different ecosystems.

Disclaimer: This is not financial advice. This article is for informational and sharing purposes only.