Disclaimer: this is not the final version and some of the information may change over time.
Abstract
SmartPad is a cross-chain, B2B ecosystem that gives startups the flexibility to raise capital in a decentralized manner across multiple blockchains. SmartPad aims to be a partner on the forefront of the Binance Smart Chain economy. In addition to Binance Smart Chain, SmartPad creates a bridge between all of the Ethereum Virtual Machine blockchains, thus lowering the dependency of a single chain. Solana and Tezos blockchains will also be supported, therefore setting up SmartPad as a platform, which promotes an inclusive cross-chain economy of fostered innovation.
SmartPad is also looking to provide support for the projects that are just starting up, by creating its own incubator as well as an online school for entrepreneurs. Moreover, investors will be able to communicate with founders and even invest in the project in real time during the video presentations, hosted on SmartPad platform.
Finally, utilizing its products, the platform provides token holders with a number of advantages, including but limited to, better conditions when participating in projects launching at SmartPad, incentives for promoting said projects and other benefits, exclusive to SmartPad token holders, thus allowing it to become a second-generation launch pad.
1. Introduction
IDOs are a very prominent trend in the DeFi ecosystem and a solid fundraising choice for many upcoming startups. However, current launch pad space is plagued by the multitude of problems. Among them we can identify an over restrictive nature of launch pads, which are typically single-chain-focused. Majority of launches are held on Ethereum and technical difficulties surrounding the cross-chain token deployment, prevent teams from holding the IDOs on multiple chains.
At the same time, the lack of transparency makes room for an unfair whitelisting process, disrupted by the bots and backroom deals, thus, excluding the users from taking part in the number of IDOs. Some projects are given preferential treatment by the centralized nature of the listing process and the lack of trust and due diligence in projects on Binance Smart Chain may turn teams away from launching on this particular chain.
Enter the SmartPad, a cross-chain, B2B ecosystem, designed to provide solution to the existing launch pad issues. SmartPad aims to bring prospective investors a list of high quality projects, by analyzing them in advance. At the same time, platform extends its support to startups, allowing them to concentrate on polishing their product and market it correctly, without worrying about the fundraising process.
2. SmartPad features
Its position as a cross-chain IDO platform offers SmartPad an opportunity to launch an IDO on a single or multi-chain at the same time, while also creating a synthetic pair on chains, other than the native blockchain. These non-native tokens can then be utilized to create the reward incentives on other blockchains with the help of synthetic farming. For example, if a token is originating on Ethereum, its synthetic version can be staked on Binance, to generate yield in BEP-20 Synth equivalent.
SmartPad also plans to solve the current issues within the whitelisting environment by introducing a lottery system, based on pre-IDO staking and tickets, with selection process fully transparent on-chain. The tickets would be chosen at random, thus ensuring that participants are given the fair treatment they deserve, preventing bots from taking advantage over a regular user. SmartPad’s system of APY Vaults benefits long-term holders with passive APY, allowing them to maximize income inside the pool with minimal risk.
In addition, SmartPad is looking to create whitelisting as a service for IDO clients. At the moment, there are only 35 tokens whitelisted for Binance cross-chain bridge swaps. By introducing this service, a number of interoperable services could be provided, including cross bridge creation of wrapped assets for nonnative chains, starting with Ethereum and BSC.
Moreover, SmartPad utilizes the DAO voting and ecosystem partners, who will be responsible for the due diligence of each project listed on SmartPad. We are also bringing an internationally diverse approach to decentralization by inviting the veteran DAO members from different regional ecosystems such as China, India and Western countries, thus attuning to the interests of multiple regions.
SmartPad will provide an in-depth project reports from its institutional partners and DAO infrastructure, to deliver more profound insights to investors who are looking to take a deeper dive into the projects that launch on the platform. Any project will be able to submit an application to our incubator or to organize an IDO. The application will be submitted via blockchain and DAO will decide whether they are worthy to be accepted into our ecosystem.
3. SmartPad products
SmartPad is bringing a variety of products to its users, with first one being SmartFarming system. It will be similar to the Unifarm farming, following the so-called “waterfall” principle. Users will be able to farm projects’ tokens one by one, instead of farming everything at once. SmartPad will also feature a SmartStable — our own stablecoin for investments. The coin will be secured by the platform’s tokens, thus offering investors a convenient tool.
SmartHackathon will be a place, where the new ideas are generated for those startups currently in need of an original product. They will also be able to receive suggestions for growing, if they have already launched a project. Via this feature, SmartPad will guide new startups through all the necessary steps needed to launch a successful Hackathon.
SmartStaking is another unique feature SmartPad brings to its community. It would allow to create a staking contract, even before the tokens are distributed, thus providing a platform for staking tokens that have just been distributed.
4. SmartUps
Educated startups are essential for the ecosystem’s prosperity. This is why we are working to create an online school for entrepreneurs, where the best people from the industry will act as mentors to the inexperienced startups.
In line with the educational aspect, we are also planning to host an incubator. There, the best projects will be nurtured from the very early stage, with experienced market participants teaching them all the necessary knowledge to avoid making mistakes. The incubator finalists will be also receive support SmartPad’s community, who are incentivized by better participating conditions when investing in these projects as well as the additional rewards for promoting projects via social mining. Community members will also have an option to set-up an automatic investment.
Startups will be provided a direct pitching line to the investors via video presentations SmartPad will host. Strategic investors will be able to communicate with founders in real time and even invest during the pitch, since tokens could be issued and traded in real time as well. Investors will also be able to provide liquidity to the projects under the best conditions, thus, increasing projects’ TVL. Finally, a company will be created to raise funds in exchange for projects’ shares.
5. PAD token
A total of 1,000,000,000 will be issued. We plan to build the system around the idea of bringing the most benefits to PAD holders. These tokens will be used to create a leveling system, lotteries, auctions and direct sales.
Here is how the tokens will be distributed:
Team round: 20000000 (2%), subject to vesting
Seed round: 80000000 (8%), subject to vesting
Liquidity mining: 150000000 (15%), subject to 2 years linear lock
Liquidity pools: 150000000 (15%), lock n/a
Development incentives: 150000000 (15%), subject to 2 years linear lock
Marketing incentives: 200000000 (20%), subject to 2 years linear lock
Ecosystem incentives: 150000000 (15%), subject to 2 years linear lock
Community building: 100000000 (10%), subject to 3 years linear lock
