Introducing SuiPad Shield: A Revolutionary Insurance Feature for Launchpad IDO Participants
SuiPad welcomes all great projects from other chains to build on its platform. We offer a complete solution in partnership with MystenLabs, including support in tech stacks, code reviews, legal compliance, auditing, marketing, and product development. Additionally, we offer a zero-fee Launchpad for tier 1 projects.
Participating in Launchpad IDOs can yield high rewards but also carries certain risks. To address this, we introduce SuiPad Shield, a feature designed to safeguard participants' principal capital, providing peace of mind to all users.
How does SuiPad Shield work? Currently, most Launchpad/IDO platforms do not have any protection in place to safeguard users' principal capital against volatility when investing in newer crypto projects. This makes IDO participation an extremely high-risk activity for users. At SuiPad, we have engineered an insurance feature to protect the user's principal capital. For example, if a user buys the IDO round of a launchpad project, they can choose to add 15% of their invested funds to buy insurance. The insurance fee will then be sent to the SuiPad Shield Pool, which will cover any potential loss of the user's principal capital for the next 7 days. On the 7th day since the IDO launch, if the average peak price is lower than the IDO price, the SuiPad Shield Pool will cover the differences to the user, protecting their principal capital. On the other hand, if the project performs well, the user's return will be infinity% - 15% paid in insurance costs.
Our selection process prioritizes great teams and products, along with an amazing community. While we consider various criteria when selecting projects, we are most interested in teams with innovative ideas that fulfill the following checkboxes: backers (VC, partners, advisors), finance (burn-rate, fundraising, projected revenue), product (pain-point, product-market-fit, innovation, DAU, MAU), economics (revenue model), tokenomics (structure, vesting schedule, initial circ supply, inflation rate), marketing (go-to-market strategy, growth strategy), community (statistics, engagement, regions), listing plan (DEX, CEX), liquidity (total liquidity vs selling pressure), market maker, and legal compliance (KYC, AML).
In terms of token distribution, both our seed and private sale rounds are distributed over many different participants to create the most fair token distribution at launch, with no single entity holding large quantities of the supply.
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