AlgoPad is the first launchpad for the Algorand ecosystem exclusively concentrating on building a better Algorand ecosystem. Algopad enables the investors to participate in the upcoming high potential projects on Algorand before they enter the market. Algopad filters the projects on various criteria and brings out the best projects on which Algopad users can invest.

Algopad IDO Launchpad is a decentralized platform for fundraising, which is built on the Algorand blockchain with a reasonable entry barrier for participation.

AlgoPad Contract: 0x66A6606F4B7FF09b078B2DBA848581833005737F

IDO Launchpad:

Before Launchpads there used to be ICO, IEO, etc. The thing is, as it is centralized, it will have many restrictions for the users to participate. As decentralized Finance is the leading space in crypto there we have seen the rise of Launchpad in recent months to be precise this year more.

Launchpads streamline the process of attracting the crypto community and raising funds effectively. Many of the upcoming projects choose decentralized ways to raise the funds. So, the Algopad IDO Launchpad was designed with the speed of Algorand, trust of Smart Contracts, and flexibility of decentralization in mind. It is a truly decentralized platform aimed to take a better approach and help Algorand based projects garner crowdfund.

How it Works

AlgoPad – The first launchpad on the Algorand ecosystem

The main deflationary mechanisms of AlgoPad include a 1.5% fee on transactions and early unstaking fees of up to 15%

Fees distribution

– 0.75% of the fees will be rewarded to holders
– 0.75% will be burned forever

Early unstaking Fees

– There will be an option to unstake early which comes with an up to 15% burn fee. If you wait 4 weeks to unstake, there will be NO FEE

Why Algorand?

Until 2021, the Majority of the DeFi products were being built on Ethereum Blockchain, However, there is a huge gas fee involved in every transaction you make on ethereum due to proof of work consensus. So, many users are unhappy with the high gas fees and they were looking for some similar blockchain to use DeFi products that costs less gas fee. In the same way, as developers considering the aspects of users(customers) they started to build the DeFi products on Algorand which runs on PPOS protocol. As compared to Ethereum, Algorand has a much higher transaction rate and very little gas fee. So interests in people and developers are slowly shifting on to Algorand. The transactions on Algorand are fast and cheap, the opportunity for interoperability is what sets Algorand apart and why Algopad opted for it.

Algopad token:

Token : AlgoPad

Total Supply : 10,000,000

Initial Market Cap: $55,000

The token is going to be launched on BSC MemePad, which has a team that has expertise with crypto marketing and launch.

With the super low initial market cap i.e, $55K, we can see a huge rise in the demand and the growth in the price of tokens. Those who get a chance in IDO will make good reasonable returns according to Mcap stats.

The Algopad token has a deflationary mechanism and it helps the token to get high demand and we can see constant price growth. The main deflationary mechanisms of AlgoPad include a 1.5% fee on transactions and early unstaking fees of up to 15%. In which 0.75% redistributed to holders to reward them for their trust and support for the project. 0.75% is burnt and removed from the supply forever which helps in an increase in demand and price of the token.

​How and Where to Buy ALGOPAD token?

 ALGOPAD token is now live on the Binance mainnet. The token address for ALGOPAD is 0x66a6606f4b7ff09b078b2dba848581833005737f. Be cautious not to purchase any other token with a smart contract different from this one (as this can be easily faked). We strongly advise you to be vigilant and stay safe throughout the launch. Don’t let the excitement get the best of you.

Just be sure you have enough BNB in your wallet to cover the transaction fees.

Source: Coin Introduction <https://morioh.com/p/6744f052d71c>