5 Reasons Why the CoinsPaid CPD IDO is One of the Hottest DeFi Prospects Right Now

Ilia | CEO @ 0xPlasma Labs (Plasma.Finance)

Published in

Plasma Finance

8 min readAug 31, 2021

At the risk of repeating old news, cryptocurrency in general and decentralized finance (DeFi), in particular, have been having quite a year. Looking past the meme mania post-Gamestop fiasco, a quiet achievement of the past couple of years has been just how much crypto commerce has taken off — and we have major crypto players behind the eCommerce curtain to thank for.

One such sleeping lion would be CoinsPaid, AIBC Summit’s 2021’s Payments Provider of the Year, which is in the midst of preparing for an upcoming crowdfunding campaign next month to expand its already successful brand and product.

Opting for the latest trends in blockchain token sales, CoinsPaid’s CPD token will be made available for sale via an initial DEX offering or IDO, that will simultaneously launch a liquidity pool. Thus, this will become a dual IDO and ILO (initial liquidity offering). The IDO itself is launched on SpacePort, designed as a transparent and fair-model platform to both sell the token and create a listing post-sales.

But even with IDOs now gaining popularity due to their ease of access and listing — the CoinsPaid token sale looks set to be one of the most interesting propositions of 2021 — as of right now, it has already been oversubscribed by over 25 times!

We take a look at 5 reasons why so many people are talking about the CoinsPaid IDO.

1. You’ll be backing an achiever

The majority of IDOs launching right now startups in every literal sense, starting everything from scratch. Some may already have a team assembled, but most don’t even have a proof of concept and are raising funds to build and test ideas, not develop existing products.

CoinsPaid couldn’t be any more different than the rash of IDOs launching by the minute. First of all, it’s a crypto firm that was established in 2014 so has over 7 years of experience doing business. This means it’s been around in the space for a while now, seeing at least 3 different crypto boom and bust cycles — so understand better than most that a successful crypto enterprise doesn’t rely on the bull market to do well.

Secondly, it’s not just a passive industry observer, but an actual proponent of crypto utility. Winning AIBC’s Payments Provider of the Year award isn’t a coincidence. Today, CoinsPaid has processed over EUR 3.2 billion in crypto transactions since January 2018 and its crypto payment ecosystem continues to command a total share of 5% of all Bitcoin transactions — that’s 1 in every 20 transactions on the world’s biggest crypto network!

2. CoinsPaid provides solutions to real problems

The crypto boom we are experiencing today is somewhat reminiscent of the ICO hype era in 2017 when most new projects turned out to be building little more than whitepapers and vaporware — raising funds that never materialized into actual products and services that people would use.

In fact, study most of the IDOs now and you may notice that many don’t even bother with a whitepaper now, much less a product. Copy-paste some code, slap on new graphics, and you’ve got yourself a new IDO.

With CoinsPaid, you can be sure that you won’t be investing in vaporware. They built what the crypto industry needed: a payment gateway processor that allowed people to use crypto online. They have over 600 merchants using their business solutions allowing:

Customers to pay for goods and services in cryptocurrency.
Store assets in a secure crypto wallet app on the go.
Buy and exchange 50+ currencies including 20+ national ones, with bank cards.

They’re not raising funds to build a team already but to expand the expertise of an existing core team of over 100 full-time employees. They don’t promise to change the world — for over 5 million users of businesses using our solutions, they already have!

The CoinsPaid IDO isn’t raising funds to build something new, it’s to enable even better features and meet rising crypto demands. Their development plans are expanding on their already useful solutions to:

Enable a loyalty mechanism that offers up to 50% discounts on fees when paying with CPD and attractive cashbacks on shopping.
Enable DeFi staking rewards to earn passive income on assets.
Enable DeFi services like borrowing and lending.
Cross-chain management of crypto portfolios.

3. Its chosen IDO platform provides assurance, confidence, and reliability

There are scores of different decentralized exchanges (DEXs) now holding IDOs and the choice can be bewildering for those still unfamiliar to the concept of decentralized fundraising. If you’re on the fence about choosing which platform to scout for IDOs, it can be tough to tell which is safer for you.

The CoinsPaid IDO is choosing to launch on the SpacePort IDO launchpad, which is an open decentralized platform for IDOs powered by the all-in-one DeFi aggregator PlasmaFinance (in fact, it is SpacePort’s pioneering first IDO launch). What makes it stand out from the rest?

SpacePort IDOs are handpicked by the PlasmaFinance team, as each project must pass through an exhaustive process of due diligence and assessment that ensures every SpacePort IDO :

Is a unique project with a viable business model, bringing value to the crypto industry.
Is able to demonstrate technical capabilities and meet their development goals.
Has an actual team with names to their faces, not anonymous entities with little accountability.
Provides the best chances for success, and the greatest token potential for early backers.
Has a participation requirement for token buyers via whitelisting, ensuring only serious investors are able to participate.
Has sustainable token economics that prioritizes long-term growth over short-term profit.

Unlike other IDO platforms that do little to protect the interest of token buyers, SpacePort mirrors the principles of PlasmaFinance, in providing transparent, fair and decentralized models of operation, giving token sale participation.

4. It will be the first cross-chain IDO with zero MarketCap on listing

Launching on the fully decentralized SpacePort IDO launchpad means simultaneous access to all the major DeFi networks on Ethereum, Polygon (through the Polygon bridge) and Binance Smart Chain (through the AnySwap bridge). With SpacePort living on all three networks, the CoinsPaid IDO essentially will raise funds through these networks:

DEX ILO on PlasmaSwap, SushiSwap and HyperDEX on Polygon
DEX ILO on PlasmaSwap, Uniswap and HyperDEX on Ethereum
DEX ILO on PlasmaSwap, PancakeSwap and HyperDEX on BSC

The CoinsPaid (CPD) token listing will be managed in a decentralized manner by Spaceport smart contracts, with CPD token listing automatically happening on multiple DEXs as allocation is sold out on SpacePort. This means that you will be able to trade CPD token on any exchange or DEXs on the same token page of the IDO.

In total, the CPD token listing happens across 3 chains, on 6 DEXs including the HyperDEX aggregator which automatically gives traders the best rates at the lowest fees.

Additionally, unlike other IDO models, upon listing, CPD will have a zero MarketCap since all CPD tokens will be locked via vesting across all three networks, with all the liquidity fully locked in all the DEXs above.

5. Rug pull-resistant economics

You may also have read about the dozens of rug pulls happening in DeFi — where project owners run off with funds in the blink of an eye. This is one of the biggest risks in DeFi and IDOs — where there is little to stop rogue projects from stealing all their investors’ funds.

But on SpacePort, IDOs are able to implement robust IDO mechanisms and token economics — using automated smart contracts to execute specific sets of rules, preventing funds from being manipulated or controlled by rogue entities. It is the only IDO launchpad where you can transparently and verifiably see in real-time the project’s implementation of rules such as:

How many tokens are in supply, in circulation, how much has been sold, and how much is left to be sold? For the CPD IDO, a Total Supply has been set at 800,000,000 CPD
How much liquidity will be locked or vested, and for how long? This is to prevent the dumping of tokens. As mentioned above, the CPD IDO features zero MarketCap on listing, unlike other IDOs, with 100% locked liquidity in all the DEXs, meaning to say, all of the tokens sold will be locked into liquidity pools on all the DEXs raising funds. This prevents dumping on the listing that affects most other IDOs.

The CoinsPaid IDO will implement all of these rules as follows:

If the soft cap is not reached, then all invested funds are automatically returned to investor wallets — as the IDO will be considered to be unsuccessful.
Upon successful completion, liquidity is automatically locked into a liquidity pool on PlasmaSwap DEX for two months. This guarantees instant listing of the token, and enforced liquidity lock for market stability.

An IDO on SpacePort is governed by decentralized smart contracts — it is impossible to rug pull even if the project is tempted to!

In conclusion, IDOs represent the hottest opportunities in crypto today, giving people the chance to back a good project early and benefit from its future success. Yet with many IDOs to consider, it’s crucial for you to identify the strengths of each before deciding to participate.

A proven track record, an existing solution looking to expand, a good IDO launchpad and scam-resistant economics. If the IDO ticks all these boxes, then you’re on the right track.

Important Information and links

$CPD Token address:
CPD address on Ethereum: https://bit.ly/3jn5eG1
CPD address on BSC: https://bit.ly/3ylhN91
CPD address on Polygon: https://bit.ly/3kt8z5Q

$CPD IDO Pages:
IDO on Ethereum: https://bit.ly/3sZV01C
IDO on BSC: https://bit.ly/3gGhwaC
IDO on Polygon: https://bit.ly/3kxGmun

Official Bridges:
ETH <> BSC bridge: https://bit.ly/2XTdfdq
ETH <> Polygon bridge: https://bit.ly/3yxPy7n

$CPD IDO and DEX listing: 31st of August, 12:00 UTC

🔥 Try HyperDEX: https://apy.plasma.finance/#/hyper-dex

🚀 SpacePort IDO Launchpad:

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