Dear community,
We are very excited to share the news of the upcoming platform launch! The date, you have all been waiting for, is set to May 31. Furthermore, after the launch, we are going to start releasing new features we currently have in our pipeline but more on that later.
Before we proceed, we have another important update. For the last couple of days this has been highly requested, thus, we are happy to announce PAD’s contract address, marking the completion of the Token Generation Event. Here it is:
https://etherscan.io/address/0x5067006F830224960Fb419D7f25a3a53e9919BB0#code
Moving on, let us briefly touch upon the latest updates to the token’s unlock schedule. You will be able to claim tokens when the platform launches on May 31. At first, you can claim 20% of your current PAD balance. Every 2 months additional 20% will be unlocked for claiming.
Due to this change, we are going to implement a time-limited feature, to compensate for the delayed unlock date. It is important to point out that this will only last for the month of May. A yield reward will be provided to every single PAD owner. Each wallet will receive an additional 1% to their current PAD holdings. This reward will be issued automatically by our system and the bonus will be available for claiming when the first 20% of your funds are unlocked.
Building up upon this foundation, we would like to give you a glace into the platform’s future.
After the release, we plan to implement pools creation feature to SmartPad, available to any community member who owns PAD. Pools will be divided in two types — those with a fixed price and a linear price. The pool creator will determine whether the price is set throughout the pool’s presale process or changes according to a linear slope with the start price and end price clearly determined.
The great thing about this feature is its accessibility. You don’t need to be a whale to utilize it. Any user, who owns a certain amount of PAD will get an opportunity to create a pool he wants. However, they will also be the one responsible for providing pool details such as project’s name, URL, beginning and end date, whitelisting application, and this is just to name a few. With great toolset comes great responsibility!
Our main goal here is to enable our users to create pools themselves, by offering them a wide variety of presale tools. If we compare it with the centralized approach of platforms such as Polkastarter, our platform is structured in a decentralized manner. Instead of holding users’ hand, we open up the sea of possibilities for them to explore.
We hope you enjoyed this summary as well as sneak peek into the platform’s upcoming releases. Throughout May, we are planning to announce many additional features, so don’t you sleep on our news channels!
Signing off,
SmartPad team
