What is ETHPad?
ETHPad is a revolutionary decentralized platform that operates on several blockchains such as BSCpad, TRONPAD, and Ethereum. It provides much-needed capital to these blockchains through launchpad products, and it is a deflationary IDO (Initial DEX Offering) platform that allows crypto-traders to participate in IDO offerings.
The platform is inspired by EIP-1559 and implements a burning mechanism by tying staking, selling, and IDO participation functions to the process. This mechanism ensures that the platform attains the circulated tokens by staking, trading, and allowing users to participate in IDO using ETHPAD, the native token of the platform.
ETHPad is a response to the vulnerability of Ethereum-based launchpads to manipulative tactics and frauds. The platform ensures security over the ETHPad ecosystem by requiring users to go through a KYC identity verification process. Additionally, the platform uses a third party to carry out Ethereum operations, eliminating susceptibility and ensuring smooth functionality.
The platform has two deflationary mechanisms that have a 10% fee on all token purchases. Out of this, 2.5% is burned, and 7.5% is given to stakers in ETH. Burning is a process where a fraction of tokens are sent to a wallet with no private key, rendering the tokens lost forever. This practice reduces availability and increases market value. Users can also unstake the token, which incurs a 25% burn fee. However, if the user waits for 21 days to unstake, no fees will be applied to the transaction.
ETHPad was founded by Bluezilla, the founder of BSCPad. The maximum supply of the token is limited to 1 billion ETHPADs.
With the vulnerability of Ethereum-based launchpads to manipulative tactics and frauds, ETHPad offers a much-needed solution to the market. Its unique deflationary mechanism ensures stability and value for users, while the KYC identity verification process and third-party Ethereum operations ensure security and smooth functionality. As such, it is an attractive investment option for crypto-traders looking for a reliable and secure platform.
As the market for decentralized platforms continues to grow, ETHPad is poised to become a leader in the industry. Its commitment to providing capital to blockchains through launchpad products, combined with its innovative deflationary mechanisms, make it a compelling investment opportunity. Investors and traders alike can expect to see continued growth and development in the ETHPad ecosystem in the future.
The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.
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