May 6
ZkPad introduction
Well, all eyes are on Starknet. Now I will focus on ZkPad — the first StarkNet launch pad. Let me give you an idea of what it is and why it could be Launchpad 2.0 and what makes ZkPad different?
Let’s dive!
WHY STARKNET?
ZK-Rollups is the future of Etherea and Starknet is the most relevant, delivering high scalability while maintaining L1 security, decentralization and unauthorized interactions. In addition, it allows interoperability between L2 and L1 and offers many opportunities for L2 protocols. As such, Starknet attracts more users to the chain and possibly to DeFi protocols.
WE INTRODUCE ZKPAD
ZkPad is a fundraising and fundraising platform dedicated to providing a healthy and honest way for projects to run StarkNet tokens, and is StarkNet’s first launch panel. The platform provides users with a secure and decentralized way to invest in pre-selected crypto startups.
According to ZkPad Whitepaper v1.0, ZkPad’s mission is to support innovation in the StarkNet ecosystem by providing a platform where users can invest in projects built by our in-house team of experts. They provide a programmable way for projects to focus and build a community around their product. They have developed new mechanisms that can significantly improve the working method compared to existing starting points. The team focuses on decentralization and long-term commitment to the projects it supports.
Token Information
Token: ZKP
Total supply: 100 000 000 ZKP
Initial circulating supply: 14 000 000
Initial market cap: $6 000 000
Fully diluted market cap: $20 000 000
Initial liquidity: TBD
Tokenomics
Road map
WHAT IS DAMAGE DIFFERENT?
i. Approval of projects running on the platform
a) In existing Launchpads: users will use their IDO fee for short-term profit, which will lead to complete disinterest in the projects launched by Launchpads.
b) V ZkPad
for a combination of Launchpad functions such as an incubator. The network consists of private investors, founders, developers, marketing experts, blockchain, human resources and other sectors. ensure that projects launched at the start point are led by serious and competent people.
ii. On-chain lottery and whitelist
a) In current Launchpads
100% of the time without a chain and very opaque for all users, so we do not know how the lottery is conducted, why we received a payout or why we did not receive it.
It is very difficult for us to verify this, because all this data is non-chained and private.
Users have tickets that they have not used and are therefore lost. b) V ZkPad
Develop their architecture entirely in a chain;
Lottery tickets can be tokenized as ERC1155 tokens, so they are sold as NFT in markets like Oasis.
Lottery winners are attracted to the chain thanks to Chainlink VRF and L1-L2 communication and ensuring that the system is fair to all.
iii. Vault and LP strike strategy
a) In current Launchpads
close your native tokens on the platform, have lots for future IDOs;
The longer the chip lock time, the greater the number of tickets received.
b) V ZkPad
Enable liquidity lock to obtain ZkPad IDO Whitelists;
Offering higher APR for LP attackers;
DeFi levers are used, new strategies for using the most locked tokens.
CONCLUSION
ZkPad presents new features that we have not seen on another starting block today. It became one of the most promising projects of 2022.
It will bring a new launchpad quality standard, called Launchpad 2.0, to all participants in the web3 ecosystem.
To stay up-to-date on ZkPad news, follow Twitter and join their Discord to be part of a dynamically growing community.
Twitter: https://twitter.com/ZKPadfi
Telegram Group: https://t.me/zkpad
Telegram Announcements: https://t.me/zkpadann
Medium: https://zkpadfi.medium.com/
