New Integrated Launchpad Solution Launched by Sui Ecosystem: In-Depth Analysis of SuiPad

SuiPad is the first Launchpad project on the Sui public chain that integrates IDO, ISO, and INO functionalities. The project plans to conduct private and public financing rounds on a certain platform on May 7th and 8th. This article will delve into the features and innovative gameplay of SuiPad.

1. Overview of SuiPad

SuiPad is a community-driven project incubation platform within the Sui ecosystem. As one of the key projects on Sui, SuiPad is committed to becoming a comprehensive solution for launching Sui ecosystem projects through its partnership with Mysten Labs. Currently, SuiPad's core product is its IDO launchpad, aimed at providing users with the highest quality new projects in the Sui blockchain.

2. Innovative Features of SuiPad

To address the main issues faced by current IDO participants, such as lack of expertise and the risk of token price decline, SuiPad has proposed the following solutions:

2.1 Sui Tank

Sui Tank is a Web3 version of a startup reality show that allows startup projects to pitch to professional investors through live broadcasts. A panel of experienced venture capitalists serves as judges, listening to the project team's business plans and product presentations to decide whether to invest. This model not only provides fundraising opportunities for the project teams but also allows ordinary users to learn how professional investors assess projects.

2.2 SuiPad Shield Insurance

To protect users' principal, SuiPad has designed an innovative insurance feature. Users can choose to pay an additional 15% premium to purchase insurance. If the average highest price of the token within 7 days after the IDO is lower than the IDO price, the insurance pool will compensate users for their losses. This mechanism effectively reduces the risks of participating in the IDO.

2.3 Other Highlights

• Suipad Academy: Offers a 16-week Web3 development training course covering front-end and back-end technologies as well as Sui Move development.
• Diversified marketing strategy: Collaborate with well-known platforms to carry out various community activities and AMAs to expand project influence.

3. Token Staking and Layered Mechanism

SuiPad adopts a layered system to incentivize users to hold tokens for the long term. Users are divided into 6 levels, from Ruby to Sui, based on the amount of staked SUIP tokens. The more tokens staked, the greater the allocation that may be received in the project's IDO.

In addition, SuiPad has introduced a locking multiplier mechanism that allows users to achieve higher levels by locking their staked tokens without increasing the amount staked. The longer the locking period, the better the multiplier effect.

4. Development Roadmap

• Q2 2023: Mainnet launch, SUIP token IDO, launch of staking pools and insurance mechanism
• Q3 2023: Launched Season 1 of the Sui Tank program and initiated multiple project IDOs.
• Q4 2023: Launch SuiPad Academy, continue to incubate new projects

5. Core Team

The founding team of SuiPad has rich experience in cryptocurrency exchanges and blockchain development:

• Joe Wan (CEO): Previously responsible for project listings at a top exchange.
• Daffy Lau (CMO): possesses project selection and marketing experience
• David Tiser (CTO): Executive in a blockchain company, has led large development teams.

6. Financing Information

SuiPad has completed a $1.15 million private placement financing, with investment from several well-known venture capital institutions. The public financing is scheduled to take place on May 7 and 8, divided into a private round and a public round.

The private round price is $0.035, and the public round price is $0.05. Tokens will be distributed starting from May 11.