SuiPad Launches Zero-Fee Launchpad with SuiPad Shield Protection for IDO Participants
SuiPad is thrilled to welcome exceptional projects from other chains to build on its platform. With our partner, MystenLabs, we offer a complete solution that includes support for tech stacks, code reviews, legal, audit, marketing, and product development. We also provide a Zero-Fee Launchpad for tier 1 projects.
Participating in launchpad IDOs can be highly rewarding, but they also come with risks. Therefore, we have introduced SuiPad Shield to protect participants' principal capital and provide peace of mind. SuiPad Shield is an insurance feature that safeguards users' principal capital against volatility when investing in newer crypto projects.
To use SuiPad Shield, users can choose to add 15% of their invested funds to buy insurance. The insurance fee will be sent to the SuiPad Shield Pool, which will cover any potential loss of the user's principal capital for the next 7 days. If the average peak price is lower than the IDO price on the 7th day since the IDO launch, the SuiPad Shield Pool will cover the difference to the user. On the other hand, if the project performs well, the user's return will be infinity% - 15% paid in insurance costs.
At SuiPad, we believe in selecting projects with great teams and products. We are especially excited about projects with amazing communities. Our selection process considers various criteria, including backers, finance, product, economics, tokenomics, marketing, community, listing plan, liquidity, market maker, and legal. We aim to identify projects with all the checkboxes checked for innovation, pain-point, product-market-fit, revenue model, vesting schedule, initial circ supply, inflation rate, go-to-market strategy, growth strategy, community statistics and engagement, and regions.
We distribute our seed and private sale rounds to many different participants to create a fair token distribution on launch with no single entity holding large quantities of the supply.
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