SeaPad always puts the interests of the community first. Projects must pass our appraisal process with a series of strict criteria. Everything we do at SeaPad is about continuous innovation and security to ensure investors are protected when they invest with us. Therefore, we offer two policy options on the protection mechanism provided as follows:
Option 1: SeaPad-Guard
- Min-liquidity: According to the overall fundraising, SeaPad will mandate a minimum liquidity contribution on a DEX. It will be determined on a case-by-case basis according to the overall increase and other factors. However, it will never fall below $100,000 for a particular trading pair. Liquidity will be locked for at least 9 months from TGE on DEXs to keep the team on the right track of building the project.
- Verified Tokenomic: Before the start of the project, the token contract will be checked and ensure nothing is different from the tokenomic that has been announced. Any indication that the token supply is beyond the limit for DEX listings will result in an immediate refund or, at the absolute least, a community vote to decide how to proceed.
- Listing Insurance: The TGE must be at least 30 days from the launchpad day. After 30 days, if the listing still does not happen, SeaPad will have the full right to refund the investors.
Option 2: SeaPad 24-hour Refund
The interests of investors remain protected by 24-hour Refund, and projects can receive the full amount of money obtained for their advancement. With the implementation of this new feature policy, SeaPad hopes to increase investor confidence and establish a secure environment for investment. We are confident that this new refund system will enable us to provide our devoted customers with the most creative, user-focused, and safe services possible.
*Unlike the prior SeaPad Safeguard measure, the new 24-hour Refund policy is a different program. On our website, projects that have been branded as “SeaPad 24-hour Refund” may be recognized by a 24-hour Secured label badge or symbol.
The mechanism operates as follows:
Step 1: Token Distribution
Tokens will be awarded to all IDO participants at the moment of listing.
Step 2: Receive or Refund
A Refund button will appear after the IDO is finished beside the Claim button.
- If you choose to take a refund, click on Refund button. The Refund request will be created, but you can still choose Claim if you change your mind in the 24-hour Refund period. After 24 hours refund ends, the refund request will be processed and your money will be sent back to your wallet
- If you choose to claim the token, click on Claim button. The Refund button will disappear and you will not be eligible for the refund policy, so make sure that you make the right decision before clicking on any button.
After 24hr:
Refunds won’t be offered once the 24-hour window has passed. The project teams will then get all money received for them, and users will then receive the remaining tokens through a vesting procedure in their wallets.
About SeaPad
SeaPad is a fair, innovative, and trusted launchpad platform that builds on new emerging blockchain platforms such as Sui, Sei, Arbitrum, zkSync, and others, dedicated to accelerating the mass adoption of Web3. SeaPad’s mission is to accelerate creative ideas and bring projects to life.
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