To find out even more about this project, check out our deep dive of ETHPad.
What Is ETHPad (ETHPAD)?
ETHPad (ETHPAD) is a cross-chain platform inspired by EIP-1559 on Ethereum that is designed to enhance the deflation mechanism. What exactly this means: ETHPad 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, thereby providing protection against bots that track liquidity, the procedure is carried out through a proven betting system and a cross-chain bridge.
Who Are the Founders of ETHPad?
BlueZilla is behind the development of the ETHPad platform, and the team has also been involved in the creation and successful launch of BSCPad and TRONPAD projects.
As of August 2021, the name of CEO and founder of the ETHPAD token has not been revealed.
What Makes ETHPad (ETHPAD) Unique?
ETHPad is a deflationary and decentralized IDO platform built on top of EIP-1559. ETHPad is backed by the Ethereum blockchain with the key goal of introducing deflationary factors into the ETH tokenomics. Thus, the development team has designed a deflationary system into the structure of the ETHPad platform (deflationary mechanisms are integrated into the structure of ETHPad tokens).
The main deflationary mechanisms include:
- 10% commission for the sale of tokens (the first part of which is 2.5% - burned, and the second part is 7.5% - reward to participants);
- an option to unstake early, but with a burning fee - 25%, and if you wait 21 days to unstake - no fee.
The list of deflationary mechanisms will be updated and supplemented.
In addition to the listed advantages, it’s worth noting that the ETHPad project has a low initial market capitalization of $55,500 USD.
Related Pages:
Read about BSCPAD (BSCPAD) and TRONPAD (TRONPAD).
Read about PancakeSwap (CAKE) and Uniswap (UNI).
What is an initial dEX offering (IDO) and why do we need them? Click here and find out.
What’s the difference between Ethereum and Ethereum Classic? Let's figure this out with CMC Alexandria.
What does cross-chain mean? Learn more here.
How Many ETHPad (ETHPAD) Coins Are There in Circulation?
The ETHPad platform uses the native token ETHPAD, which is available for staking and trading with the ticker symbol ETHPAD. A maximum supply that has been issued is 1 000 000 000 $ETHPAD, the distribution is as follows: 11% to team members, 6% to advisors, 10% to the liquidity pool, 9% to ETHPad ecosystem, 3% to the reserve, 9% to stakes and rewards , 22% to Private Sale, 20% to Airdrop, 5% to Public BSCPad and 5% to Public TronPad.
As for the offered tokens on ETHPad IDO, there is a division into groups: 5% for public white list lotteries, 10% for lottery Tier (Bronze - 5 000 staked - 1 lottery ticket), 85% for guaranteed allocation Tiers (Silver - 120 000 staked; Gold - 200 000 staked).
An Initial Coin Offering or ICO took place on July 15, 2021. Presale was on BSCPAD. All confirmed information about upcoming (or completed) IDOs are published on social media of the ETHPad project.
How Is the ETHPad Network Secured?
Existing Ethereum-based launchpads are highly susceptible to sniper bots and other manipulative tactics. As a result, the ETHPad team decided to focus and put a lot of effort into finding ways to prevent manipulative tactics during launch, thus controlling the variables, the whole process goes seamless, and price discovery happens smoothly and in a natural way.
To participate in the IDO, you need to go through the KYC (short for Know Your Customer) procedure. This identity verification process is mandatory for all users of the platform, and aims to collect basic information about IDO members and ensure the security of the ETHPad platform.
Where Can You Buy ETHPad (ETHPAD)?
As of August 2021, Uniswap (V2) and PancakeSwap (V2) exchanges are suitable places to buy or sell ETHPAD tokens.
Your step-by-step actions:
- Download and login with a digital wallet (Trust Wallet, MetaMask, Binance Chain Wallet), link a trusted wallet to an exchange (PancakeSwap, Uniswap);
- Add funds to your wallet and make a transfer to PancakeSwap or Uniswap;
- Find the ETHPAD token and enter the number of tokens you want to purchase;
- Change the amount (ETHPAD) and Swap;
- After receiving ETHPAD tokens, transfer it to your crypto wallet.
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