Are you bored with launchpads that depart you with extra questions than solutions? Say hey to SuiPad, a community-centric, premier launchpad for modern blockchain startups on the Sui community. With its flagship product, the SuiPad launchpad, buyers can take part in early-stage token gross sales for rigorously vetted Tier-1 initiatives. On this article, we’ll take a better have a look at SuiPad, its distinctive options, and the way it’s remodeling the blockchain startup panorama.
What’s SuiPad (SUIP)?
SuiPad is a cutting-edge launchpad designed to assist modern blockchain startups on the Sui community. By way of its official partnership with MystenLabs, SuiPad provides entry to the perfect new initiatives within the Sui blockchain. Its core product is the SuiPad launchpad, an Preliminary DEX Providing (IDO) platform that allows group members to take part in early-stage token gross sales for totally vetted initiatives.
SuiPad’s Killer Options
Whereas conventional launchpads usually wrestle with a scarcity of transparency and investor information, SuiPad goals to deal with these points with two groundbreaking options:
1. Sui Tank
Sui Tank is an academic and entertaining Web3 Shark Tank sequence, the place six enterprise capitalist (VC) panelists scrutinise venture homeowners from the bottom up. This allows members to see the actual deal behind each venture, eliminating the camouflage that almost all initiatives use right this moment. With Sui Tank, buyers acquire useful insights into learn how to correctly analyse a venture from totally different angles and metrics.
2. SuiPad Defend Insurance coverage
SuiPad Defend Insurance coverage is an modern characteristic designed to guard buyers’ principal capital. It caters to various threat appetites and provides a novel answer for IDO members who usually undergo from token dumping proper after the Token Technology Occasion (TGE), particularly in a bear market.
The SuiPad crew has an bold roadmap deliberate for 2023:
Q1 2023: SuiPad on Testnet, a number of pockets integration, Testnet IDO for a number of initiatives on Sui, and steady advertising and marketing push and group constructing.
Q2 2023: SuiPad on Mainnet, $SUIP IDO, Staking pool and SuiPad Defend, and the primary batch of IDO (4 initiatives).
Q3 2023: Manufacturing of SuiTank first season (8 episodes), SuiTank first season on air, the second batch of IDO (8 initiatives), and the primary cohort of SuiPad Incubation Program.
This autumn 2023: The primary cohort of SuiPad Academy, the second cohort of SuiPad Incubation, and the third batch of IDO (8 initiatives).
How Does SuiPad (SUIP) Work?
To grasp how SuiPad works, let’s dive into a few of its core options:
The SuiPad Defend Insurance coverage characteristic is designed to guard buyers’ principal capital. When a person buys into the IDO spherical of a launchpad venture, they’ll select so as to add 15% of their invested funds to buy insurance coverage. The insurance coverage charge is then despatched to the SuiPad Defend Pool, which covers any potential lack of the person’s principal capital for the subsequent seven days.
If the venture does effectively, the person’s return will probably be infinite% minus the 15% paid in insurance coverage prices. If the common peak worth is decrease than the IDO worth on the seventh day because the IDO launch, the SuiPad Defend Pool will cowl the distinction, making certain that the person’s principal capital is effectively protected. This distinctive insurance coverage mechanism provides peace of thoughts to buyers, making it much less dangerous to take part in IDOs.
SuiPad Staking & Tiering
SuiPad’s Tier System is on the core of the SuiPad platform, making certain a sure stage of dedication and permitting stakers to take part in venture IDOs. SuiPad Staking & Tiering go hand-in-hand, and to qualify for a selected tier, customers should stake $SUIP tokens on SuiPad.
There are six tiers accessible:
Ruby: 2,500 SUIP staked
Sapphire: 5,000 SUIP staked
Emerald: 10,000 SUIP staked
Diamond: 30,000 SUIP staked
Crown: 50,000 SUIP staked
Sui: 100,000 SUIP staked
The extra SUIP you stake, the upper tier you earn, and the larger allocation dimension you get for venture IDOs. A 15-day cooldown interval applies after staking.
SuiPad Lock Multiplier
The SuiPad Lock Multiplier system permits SUIP stakers to take pleasure in a better tier with out having to stake further tokens. By locking their staked SUIP for a predefined time period, customers obtain a multiplier on their staked SUIP.
There are three locking phrases to select from, every with a set multiplier:
3 months → 1.3x Multiplier
6 months → 1.5x Multiplier
12 months → 2x Multiplier
For instance, if a person named Kelly staked 2,500 SUIP (Ruby tier) and determined to lock the staked SUIP for 12 months, she would obtain a 2x multiplier on her staked SUIP (2,500 SUIP x 2 = 5,000 SUIP), upgrading her to the Sapphire tier. After 12 months, Kelly’s staked SUIP can be unlocked, her tier can be refreshed again to Ruby, and he or she might unstake the unique 2,500 SUIP.
This Lock Multiplier mechanism permits dedicated group members to earn a better tier with out staking further tokens whereas contributing to the general governance of SUIP.
SuiPad Shark Tank (SuiTank)
SuiTank is a actuality present sequence by which Web3 builders pitch their companies to a panel of enterprise capitalists to safe funding. The present contains a panel of skilled VCs, generally known as “Sharks,” who take heed to builders’ pitches for his or her enterprise or product. These VCs choose the enterprise ideas and merchandise pitched after which determine whether or not to speculate, stay on the present.
The members are Web3 builders, product designers, or service operators who’ve what they take into account to be a viable and probably promising venture however lack funding and/or enterprise acumen.
SuiTank serves as an academic program for the group to be taught from skilled VCs learn how to analyse a venture and as a platform for builders to showcase their merchandise and finally elevate funds.
SuiPad Academy is a 16-week on-line Web3 coding bootcamp that trains folks to change into Web3 builders. The total-time program covers front-end and back-end applied sciences, laptop science fundamentals, and Web3 growth, together with SuiMove because the core. Distant lessons are stay and interactive, with one-on-one assist, skilled mentorship, alternatives to construct real-world initiatives, and job assist. SuiPad Academy goals to empower the subsequent technology of Web3 builders and create a talented workforce for the Sui blockchain ecosystem.
SuiPad Incubation Program
The SuiPad Incubation Program is designed to foster the expansion of modern blockchain initiatives on the Sui community. This system gives assist in numerous kinds, together with technical steering, advertising and marketing help, enterprise growth, and fundraising. By nurturing these startups and giving them entry to the mandatory assets, SuiPad goals to assist them succeed within the ever-evolving blockchain panorama.
Learn how to Take part in SuiPad’s IDO and Get on the Whitelist (WL)
Along with the beforehand talked about steps, it is important to safe a spot on the SuiPad whitelist (WL) to take part in an IDO. Here is an in depth breakdown of learn how to get on the WL:
If You Have an OG/WL Function
If in case you have an OG position within the Discord server, you might be eligible to take part in each personal and public IDOs.
If in case you have a WL position within the Discord server, you might be eligible to take part in public IDOs solely.
Submit your pockets:
If You Do Not Have Both OG/WL Function
If you do not have both OG/WL roles, you will not be eligible to take part in IDOs. Nonetheless, you possibly can nonetheless win a job by following these directions:
Full duties 1 and a couple of (obligatory) and select one activity from duties 3, 4, and 5 (non-compulsory):
Write a tweet about SuiPad IDO, tag @SuiPadxyz, #SuiPad, and pin the tweet (obligatory).
Quote tweet SuiPad Fundraise tweet and SuiPad IDO tweet, adopted by tagging 3 buddies (obligatory).
Ahead SuiPad Fundraise Tweet and SuiPad IDO tweet to five communities (Telegram or Discord); in the event you personal a group, pin it at your group channel (non-compulsory).
Publish SuiPad IDO information on any Crypto or Finance-related PR, in any language (non-compulsory).
Submit a video about SuiPad IDO on YouTube (minimal size of two minutes) (non-compulsory).
After finishing the duties, fill out this way by the deadline on 2nd Could:
For a extra detailed IDO information, try SuiPad’s Medium submit.
SuiPad is an modern and community-centric launchpad for blockchain startups on the Sui community. With options corresponding to Sui Tank, SuiPad Defend Insurance coverage, staking and tiering, and a Lock Multiplier system, SuiPad is altering the best way buyers and entrepreneurs strategy the IDO panorama.
When you’re an investor in search of early-stage funding alternatives in rigorously vetted Tier-1 initiatives, SuiPad is the place to be. And in the event you’re an bold blockchain startup looking for funding and steering, the SuiPad Incubation Program and SuiTank could possibly be your key to success.
For extra info on SuiPad and its choices, go to SuiPad’s official web site or SuiPad on DAO Maker and at all times do your personal analysis earlier than investing!