SuiPad Launchpad Introduces Shield Feature to Safeguard Participants' Principal Capital
SuiPad is excited to welcome all great projects from other chains to build on its platform. Together with our partners, including MystenLabs, we provide a complete solution in tech stacks, code reviews, legal, audit, marketing, and product development support. Additionally, we offer a zero-fee launchpad for tier 1 projects.
Participating in launchpad IDOs can offer high rewards but also involve certain risks. To mitigate these risks, we are introducing SuiPad Shield to safeguard participants' principal capital and provide peace of mind.
Currently, most launchpads and IDO platforms do not have protection in place to safeguard users' principal capital against volatility when investing in newer crypto projects, making it an extremely high-risk activity for IDO participants. At SuiPad, we have engineered an insurance feature to protect users' principal capital.
For example, if a user buys an IDO round of a launchpad project, they can choose to add 15% of invested funds to buy insurance. The insurance fee will then be sent to the SuiPad Shield Pool, which will cover any potential loss of the user's principal capital for the next 7 days. On the 7th day since the IDO launch, if the average peak price is lower than the IDO price, the SuiPad Shield Pool will cover the differences to the user, ensuring their principal capital is well protected. On the other hand, if the project does well, the user's return will be infinity% - 15% paid in insurance costs.
When selecting a project, we focus on great teams and great products. We are super excited to see projects with amazing communities and check all the necessary boxes, including backers, finance, product, economics, tokenomics, marketing, community, listing plan, liquidity, market maker, and legal.
Regarding token distribution, we distribute our seed, private, and public sales to create the most fair token distribution on launch possible, with no single entity holding large quantities of the supply.
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