INTRODUCING FANPAD — NEW GENERATION IDO LAUNCHPAD ON FANTOM ECOSYSTEM
What is FANPAD ?
FanPad is a new generation fundraising and funding platform on the Fantom blockchain. Not only supporting projects in financial aspects through token sales, but FanPad also supports projects in technical, tokenomics, audit, marketing aspects through strategic partnerships.
You may ask why we need a new generation fundraising platform like Fanpad. First of all, let us walk you through the existing issues that many launchpads are facing.
There are four factors to evaluate a Launchpad platform:
- Fair distribution mechanism among participants
- Total raising fund for projects
- Non-financial incentives for projects
- Ability to evaluate projects
Most Launchpad platforms now use a distribution mechanism based on the amount of launchpad token holdings. The larger the token holdings, the more tokens are distributed.
This is a less fair distribution mechanism because the benefits are highly concentrated for those with huge funds, or the richer. That’s why Fanpad aims to build a fair mechanism in which each participant has an equal chance to buy IDO tokens.
To do that, Fanpad uses a scoring mechanism to calculate the support of each user. So besides the amount of launchpad token holdings, these factors are also taken into account:
- Loyalty: The longer a user commits to holding Launchpad tokens, the more privileges they will receive.
- Activity: The more active users are, the more privileges they will receive. Launchpad activities include providing liquidity for launchpad tokens, social tasks, tokens swap, participating in launchpad events, etc.
All these factors will be counted as Tiers. The allocation will be distributed according to these Tiers.
Total raised fund
As previously explained, current launchpads use the allocation mechanism to divide the allocation into different pools. That’s the reason why many IDO events cannot reach the hard cap.
FanPad has 3 different ways to participate in a Token Sale: Lottery, Allocation, and Public Round. Users will have full opportunity to participate in the token sales, helping projects raise the maximum fund.
FanPad not only supports fundraising rounds but also supports Audit Smart Contract, Tokenomics Advising, Marketing/Promoting, and Strategic Consulting to grow hacking a new project.
Finally, FanPad’s mission is to protect users’ investments. Therefore, the FanPad team always prioritizes prestigiousness.
With smart contract audit partners, investment funds, and dedicated communities, FanPad has the capacity to audit good projects and avoid scammers.
FanPad aims to become a kick-starter platform but better, more perfect and for potential Fantom projects to reach more dedicated users and contribute value to the Fantom blockchain ecosystem. Stay tuned for more official announcements!
How can we help projects
Here is how we can help new projects coming on Fantom ecosystem in a single picture, including