Introducing Tokenpad

Kevin Wang
Sep 4, 2018 · 4 min read

Tokenpad is the easiest way to organize your private investment groups and co-invest in token sales.

How we got started

Honestly, we started Tokenpad to solve a problem for ourselves. We’ve been investing in ICOs since Q3 2017. It started out as early mornings and late nights trying to get on the whitelist for token sales like Civic, mostly unsuccessfully. From there, we formed a couple of informal investment groups amongst friends and co-workers to discuss investing best practices.

What evolved naturally from these groups were syndicated deals, with one individual obtaining a coveted allocation from a token project, and the rest of us contributing to fill up the allocation. It became apparent that syndicated deals were great in theory, but painful to execute in reality.

Here were some of the things we did manually in those days
1. Corroborating wallet address to investor
2. Nagging specific individuals to send ETH
3. Not knowing the state of investment e.g. whether lead has sent off funds or received tokens back
4. Creating spreadsheets to track portfolio performance of ICO tokens relative to ETH and $

The biggest issue with any deal is trust.

Co-investors must place their trust in the lead investor. Yet it is often the case that the co-investor only has a second degree connection with that lead investor. Imagine it is your first time co-investing with a lead investor, but the project goes bust and never issues tokens. The lead investor does not communicate any news to the co-investors. As an investor, you’re thinking one thing. Has the lead investor run away with my investment?

We built Tokenpad to automate everything that used to be manual and decentralize processes that used to be hard to trust.

The first concern we addressed was building trust with the lead investor. We mitigate the need to trust the lead investor by decentralizing the co-investment process. Each deal is governed by its own smart contract. This transparency means that co-investors know definitively how much is being collected, where the funds are being sent, if the funds have been sent, and how many tokens to expect back.

Using Tokenpad, co-investors retain maximum control over their assets. Investors may choose to withdraw their contribution any time prior to funds being sent off. Furthermore, once tokens are received in the pool address, an investor’s share of tokens may not be claimed by any other individuals. We also ensure that the lead investor can only claim their tokens and fees at the same time as their co-investors.

As for all the other manual bits that we used to do, we’ve solved those issues as well. Here are the three biggest changes.

We built Tokenpad to cater towards all investment groups, including professional firms. Whether you’re looking for specific features or different deployment options, we have you covered.

What to expect next

At Tokenpad, we started with co-investing, but that’s not where we end. We’re building products for the entire token lifecycle aimed at both token companies and investors.

We’ll be launching exciting products in the next couple of weeks that allow investors to manage liquidity through transferring and exchanging cryptoassets and token issuers to run all or part of their fundraising through our platform. Everything we build will be easy, secure, and compliant for both investors and token issuers.

You can find on the these platforms. Follow or subscribe to stay up to date with new releases and information.

Website: https://tokenpad.io

Telegram: https://t.me/tokenpad

Tokenpad is live. Give it a try and tell us what you’d like us to build next.

— Kevin, Peter, and the rest of the Tokenpad Team

Tokenpad

Infrastructure for Token Investors and Issuers  —  https://tokenpad.io

Kevin Wang

Written by

Tokenpad

Tokenpad

Infrastructure for Token Investors and Issuers  —  https://tokenpad.io

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