What Is ADAPad (ADAPAD)?
ADAPad calls itself “the first deflationary launchpad for the Cardano ecosystem.” It is similar to ETHPad, BSCPAD and TRONPAD since it was launched by the same company. At its core, ADAPad aims to be an incubator program for new projects on Cardano.
With ADAPad, the team aims to have full control of cross-platform launches, enable liquidity sniping-bot protection and have their own cross-chain bridge and proven staking systems. ADAPad will also have several deflationary triggers tied to selling, unstaking and IDO participation. ADAPad holders are rewarded with 7.5% of sell fees in ADA.
The Cardano Foundation recently announced the Alonzo upgrade, which will enable smart contracts and decentralized finance capabilities on the Cardano ecosystem. This will likely lead to an uptick in projects having IDOs on Cardano and using the services of launchpads like ADAPad.
Who Are the Founders of ADAPad?
BlueZilla, a self-styled crypto incubator, is behind the development of ADAPad. As mentioned, the team also developed ETHPad, BSCPAD and TRONPAD. It claims to have in-house developers, designers, marketers, influencers, traders, and legal capabilities. However, the founders of BlueZilla remain anonymous.
What Makes ADAPad Unique?
By staking ADAPAD and passing a one-time KYC process at least three hours prior to the IDO time, holders can participate in IDOs on the Cardano blockchain.
The allocation of tickets depends on the amount of ADAPAD staked, and ADAPad has several tiers:
Copper
25,000 staked
Pool weight: 5
Bronze
50,000 staked
Pool weight: 10
Silver
100,000 staked
Pool weight: 22
Gold
200,000 staked
Pool weight: 48
Furthermore, 10% of each IDO are reserved for a lottery allocation:
Stake 2,000 ADAPad - one lottery ticket
Stake 4,000 ADAPad - two lottery tickets
Stake 6,000 ADAPad - three lottery tickets
Stakers also benefit by receiving 10% of fees generated from token sales, through a tax on selling fees. 7.5% of that is redistributed in ADA, 2.5% is burned to generate a deflationary dynamic. However, holders have to wait eight weeks to unstake or be subject to a 25% fee. ADAPad sees itself as the next step in the evolution towards more cross-chain launches and aims to support the most promising teams and projects, giving them priority across their ecosystem of launchpads.
Related Pages:
Check out ETHPad — a launchpad for Ethereum.
Check out BSCPAD — a highly popular launchpad for BSC.
Check out TRONPAD — a launchpad for Tron.
Learn the truths about launchpads.
Get the latest crypto news and latest trading insights with CoinMarketCap’s education portal — Alexandria.
How Many ADAPad (ADAPAD) Coins Are There in Circulation?
The total supply of ADAPAD is 1 billion tokens. The supply at listing was 29.5 million with a meager $0.004 price, giving ADAPAD an initial market cap of $118,000. The token distribution is as follows:
- Team 12%
- Advisors 6%
- Liquidity 15%
- Ecosystem 16%
- Reserve 5%
- Staking/Rewards 15.5%
- Private Sale 19%
- BSCPAD IDO 3%
- ETHPAD IDO 2.5%
- TRONPAD IDO 2.5%
- KCCPAD IDO 2.5%
- Airdrop 1%
The project lists no info on liquidity locking or vesting schedules. The main incentive for ADAPAD stakers to hold the token is the mentioned 7.5% redistribution in ADA from sell transactions.
How Is the ADAPad Network Secured?
ADAPAD is available as ERC-20 token on Ethereum and BEP-20 token on the Binance Smart Chain (BSC). The team ensures full transparency and security in the IDO by applying KYC (Know Your Customer) procedures to IDO participants.
Ethereum is one of the most popular blockchains and its ERC-20 standard is the go-to solution for almost all tokens on the Ethereum blockchain. It is secured by a proof-of-stake consensus mechanism that requires validators to stake 32 Ether. A set of decentralized nodes validates transactions and secures the Ethereum blockchain.
BSC is secured through the proof-of-stake consensus mechanism. 21 validators are elected every 24 hours to validate transactions and maintain blockchain security. These validators have to stake a certain amount of BNB coins with Binance to be eligible to do so.
When Will ADAPAD Trading Begin?
ADAPAD listed on PancakeSwap and Uniswap on Sep. 9, 2021.
Can ADAPAD Reach $1?
ADAPAD already appreciated strongly from its public sale price of $0.004 to over $0.60 at the time of writing. Given that it would only have to double its price to break through $1, it seems entirely possible ADAPAD reaches $1, although that will depend on the wider cryptocurrency market and the development of the Cardano ecosystem as well.
Where Can You Buy ADAPad (ADAPAD)?
ADAPAD is available on PancakeSwap (V2), Uniswap V2, and Dodo BSC. Cryptocurrency newbie? You can read more about how to enter the market and how to buy ADAPAD or any other token in the CoinMarketCap education portal — Alexandria.
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