ADAPad ADAPAD
About
What Is ADAPad (ADAPAD)?
ADAPad calls itself “the first deflationary launchpad for the Cardano ecosystem.” It is similar to ETHPad, BSCPAD and TRONPAD since it was launched by the same company. At its core, ADAPad aims to be an incubator program for new projects on Cardano.
With ADAPad, the team aims to have full control of cross-platform launches, enable liquidity sniping-bot protection and have their own cross-chain bridge and proven staking systems. ADAPad will also have several deflationary triggers tied to selling, unstaking and IDO participation. ADAPad holders are rewarded with 7.5% of sell fees in ADA.
The Cardano Foundation recently announced the Alonzo upgrade, which will enable smart contracts and decentralized finance capabilities on the Cardano ecosystem. This will likely lead to an uptick in projects having IDOs on Cardano and using the services of launchpads like ADAPad.
Who Are the Founders of ADAPad?
BlueZilla, a self-styled crypto incubator, is behind the development of ADAPad. As mentioned, the team also developed ETHPad, BSCPAD and TRONPAD. It claims to have in-house developers, designers, marketers, influencers, traders, and legal capabilities. However, the founders of BlueZilla remain anonymous.
What Makes ADAPad Unique?
By staking ADAPAD and passing a one-time KYC process at least three hours prior to the IDO time, holders can participate in IDOs on the Cardano blockchain.
The allocation of tickets depends on the amount of ADAPAD staked, and ADAPad has several tiers:
Copper
25,000 staked
Pool weight: 5
Bronze
50,000 staked
Pool weight: 10
Silver
100,000 staked
Pool weight: 22
Gold
200,000 staked
Pool weight: 48
Furthermore, 10% of each IDO are reserved for a lottery allocation:
Stake 2,000 ADAPad - one lottery ticket
Stake 4,000 ADAPad - two lottery tickets
Stake 6,000 ADAPad - three lottery tickets
Stakers also benefit by receiving 10% of fees generated from token sales, through a tax on selling fees. 7.5% of that is redistributed in ADA, 2.5% is burned to generate a deflationary dynamic. However, holders have to wait eight weeks to unstake or be subject to a 25% fee. ADAPad sees itself as the next step in the evolution towards more cross-chain launches and aims to support the most promising teams and projects, giving them priority across their ecosystem of launchpads.
How Many ADAPad (ADAPAD) Coins Are There in Circulation?
The total supply of ADAPAD is 1 billion tokens. The supply at listing was 29.5 million with a meager $0.004 price, giving ADAPAD an initial market cap of $118,000. The token distribution is as follows:
- Team 12%
- Advisors 6%
- Liquidity 15%
- Ecosystem 16%
- Reserve 5%
- Staking/Rewards 15.5%
- Private Sale 19%
- BSCPAD IDO 3%
- ETHPAD IDO 2.5%
- TRONPAD IDO 2.5%
- KCCPAD IDO 2.5%
- Airdrop 1%
The project lists no info on liquidity locking or vesting schedules. The main incentive for ADAPAD stakers to hold the token is the mentioned 7.5% redistribution in ADA from sell transactions.
How Is the ADAPad Network Secured?
ADAPAD is available as ERC-20 token on Ethereum and BEP-20 token on the Binance Smart Chain (BSC). The team ensures full transparency and security in the IDO by applying KYC (Know Your Customer) procedures to IDO participants.
Ethereum is one of the most popular blockchains and its ERC-20 standard is the go-to solution for almost all tokens on the Ethereum blockchain. It is secured by a proof-of-stake consensus mechanism that requires validators to stake 32 Ether. A set of decentralized nodes validates transactions and secures the Ethereum blockchain.
BSC is secured through the proof-of-stake consensus mechanism. 21 validators are elected every 24 hours to validate transactions and maintain blockchain security. These validators have to stake a certain amount of BNB coins with Binance to be eligible to do so.
When Will ADAPAD Trading Begin?
ADAPAD listed on PancakeSwap and Uniswap on Sep. 9, 2021.
Can ADAPAD Reach $1?
ADAPAD already appreciated strongly from its public sale price of $0.004 to over $0.60 at the time of writing. Given that it would only have to double its price to break through $1, it seems entirely possible ADAPAD reaches $1, although that will depend on the wider cryptocurrency market and the development of the Cardano ecosystem as well.
Where Can You Buy ADAPad (ADAPAD)?
ADAPAD is available on PancakeSwap (V2), Uniswap V2, and Dodo BSC. Cryptocurrency newbie? You can read more about how to enter the market and how to buy ADAPAD or any other token in the CoinMarketCap education portal — Alexandria.
AI Analysis
What is the ADAPad (ADAPAD) cryptocurrency good for? What are its main use cases?
ADAPad (ADAPAD) is a cryptocurrency associated with a launchpad specifically designed for projects within the Cardano ecosystem. Its main use cases revolve around facilitating token sales, supporting project launches, and promoting DeFi and NFT initiatives. Here are some key use cases for ADAPad:
Token Launch Platform: ADAPad serves as a platform for new projects to launch their tokens, providing them with exposure to investors and facilitating fundraising.
Investment Opportunities: ADAPAD enables investors to participate in early-stage funding rounds for various projects, potentially allowing them to benefit from price appreciation as the project develops.
Governance: Holders of ADAPAD may have governance rights, allowing them to vote on decisions related to the platform and which projects to feature or support.
Staking Rewards: Users may be able to stake their ADAPAD tokens to earn rewards, generating passive income while supporting the underlying ecosystem.
Access to Exclusive Sales: By holding ADAPAD tokens, investors might gain access to exclusive token sales or presale events that are not available to the general public.
Community Building: The platform frequently fosters a community around the projects it supports, encouraging collaboration and engagement among developers, investors, and users.
Integration with the Cardano Ecosystem: ADAPad is tailored to work seamlessly within the Cardano blockchain, benefiting from its unique features like lower transaction costs and a growing ecosystem of dApps.
These use cases aim to create a robust environment for developers launching new projects and investors seeking early opportunities in the Cardano blockchain space. As the cryptocurrency landscape evolves, the specific functionalities and services offered by ADAPad may also develop further.
What blockchain does ADAPad use? Is it its own blockchain or built on top of another?
ADAPad is built on the Cardano blockchain. It is not its own independent blockchain; instead, it operates as a launchpad and ecosystem for projects leveraging Cardano's technology. The platform aims to support the development and funding of new projects within the Cardano ecosystem.
Is ADAPad programmable? Does it support smart contracts or decentralized applications?
ADAPad is a launchpad specifically for projects on the Cardano blockchain. As of my last knowledge update in October 2023, ADAPad itself does not host smart contracts or decentralized applications (dApps) directly. Instead, it serves as a platform for token sales and project launches within the Cardano ecosystem.
However, the underlying Cardano blockchain does support smart contracts through its Extended UTXO (EUTXO) model, which allows developers to create decentralized applications and smart contracts. Projects launched on ADAPad may utilize this feature to incorporate smart contracts into their operations.
For the latest developments or specifics about functionalities, it's always best to refer to official ADAPad or Cardano resources, as blockchain projects can evolve rapidly.
How fast are ADAPad transactions? What is the typical confirmation time and throughput (transactions per second)?
As of my last knowledge update in October 2021, specific details about ADAPad's transaction speed, confirmation times, and throughput (transactions per second or TPS) were not established as widely recognized metrics. ADAPad is a decentralized launchpad platform built on the Cardano blockchain. Being built on Cardano, it generally benefits from the network's features, including its scalability and transaction performance.
As of my last update, the Cardano blockchain can achieve a throughput of approximately 257 TPS, but this can improve with upgrades and optimizations to the network. Confirmation times can often be around 20 seconds, which is a rough estimate and can vary based on network conditions.
For the most accurate and up-to-date information regarding ADAPad’s transaction speeds and performance metrics, I recommend checking the official ADAPad website, their whitepaper, or community communication channels such as social media or forums. These sources will provide the latest data on their specific implementation and performance statistics.
How much data can I store on the ADAPad blockchain? Does it support on-chain data storage?
As of my last knowledge update in October 2023, the ADAPad blockchain primarily focuses on offering a platform for decentralized applications and fundraising, particularly in the context of Initial DEX Offerings (IDOs). However, specific details about the data storage capabilities, such as the amount of data that can be stored on the blockchain and whether it supports on-chain data storage, are typically subject to the blockchain's technical specifications and design philosophy.
In general, blockchains like ADAPad often prioritize transactions over large data storage due to scalability and efficiency concerns. For larger data needs, projects usually utilize IPFS (InterPlanetary File System) or other decentralized file storage systems in conjunction with blockchain metadata to reference the stored data.
To get the most accurate and detailed information about ADAPad's capabilities regarding on-chain data storage, I recommend checking the official documentation or resources provided by ADAPad or related community channels for the latest updates.
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