ADAPad positions itself as "the first deflationary launchpad for the Cardano ecosystem." It shares similarities with ETHPad, BSCPAD, and TRONPAD, having been launched by the same company. Fundamentally, ADAPad aspires to serve as an incubator for new projects within the Cardano network. The objectives of ADAPad include maintaining full control over cross-platform launches, implementing protection against liquidity sniping bots, and developing a proprietary cross-chain bridge along with reliable staking systems. The platform incorporates several deflationary mechanisms linked to activities such as selling, unstaking, and IDO participation. Additionally, ADAPad holders benefit from rewards in the form of 7.5% of sell fees paid in ADA. Following the recent Alonzo upgrade announced by the Cardano Foundation, which introduces smart contracts and decentralized finance capabilities to the Cardano ecosystem, there is anticipated growth in the number of projects conducting IDOs on Cardano that will leverage launchpads like ADAPad. For additional information and detailed data, please refer to Eulerpool.

BlueZilla, a self-proclaimed cryptocurrency incubator, spearheads the development of ADAPad. In addition to this project, the team has also been responsible for creating ETHPad, BSCPAD, and TRONPAD. BlueZilla asserts that it possesses in-house expertise in development, design, marketing, influencer engagement, trading, and legal matters. Despite this extensive array of capabilities, the founders of BlueZilla choose to remain anonymous.

By staking ADAPAD and completing a one-time KYC process at least three hours before the IDO, holders are eligible to participate in IDOs on the Cardano blockchain. The ticket allocation is based on the quantity of ADAPAD staked, and ADAPAD offers 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 Additionally, 10% of each IDO is set aside 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 receive 10% of the fees generated from token sales through a selling fee tax. Of this, 7.5% is redistributed in ADA, while 2.5% is burned to create a deflationary effect. However, holders must wait eight weeks to unstake or incur a 25% fee. ADAPAD positions itself as the next step in the evolution towards more cross-chain launches, aiming to support leading teams and projects by providing them priority within their ecosystem of launchpads.

The total supply of ADAPad is 1 billion tokens. At the time of listing, 29.5 million tokens were available at a price of $0.004, resulting in an initial market capitalization of $118,000. The token distribution is structured 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 does not provide information on liquidity locking or vesting schedules. The primary incentive for ADAPad stakers to retain the token is the 7.5% redistribution in ADA from sell transactions.

ADAPad is available as an ERC-20 token on Ethereum and a BEP-20 token on the Binance Smart Chain (BSC). The team maintains full transparency and security during the Initial DEX Offering (IDO) by implementing Know Your Customer (KYC) procedures for IDO participants. Ethereum is one of the most prominent blockchains, and its ERC-20 standard is the preferred solution for nearly all tokens on the Ethereum network. It is secured via a proof-of-stake consensus mechanism that requires validators to stake 32 Ether. A network of decentralized nodes validates transactions and ensures the security of the Ethereum blockchain. The Binance Smart Chain (BSC) is also secured through a proof-of-stake consensus mechanism. Every 24 hours, 21 validators are elected to validate transactions and uphold blockchain security. These validators must stake a specific amount of BNB coins with Binance to qualify for this role.

ADAPAD was listed on PancakeSwap and Uniswap on September 9, 2021.

ADAPAD has experienced significant appreciation, rising from its public sale price of $0.004 to over $0.60 at the time of writing. Considering it would only need to double its current price to surpass the $1 mark, it appears entirely feasible for ADAPAD to reach $1. However, this potential is contingent upon the broader cryptocurrency market and the progression of the Cardano ecosystem.

ADAPad is accessible on PancakeSwap (V2), Uniswap V2, and Dodo BSC. Are you new to the world of cryptocurrencies? You can learn more about entering the market and purchasing ADAPad or any other token on the educational portal offered by Eulerpool — Alexandria.