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Monad Pad is a decentralized launchpad specifically designed for launching tokens and NFTs on the Monad blockchain.
What is Monad Pad?
Monad Pad aims to simplify the process for blockchain creators and investors by providing a comprehensive suite of tools. They have aligned themselves as an 'all-in-one' platform for launching new projects on Monad with an advanced stack of tooling for builders.
Monad Pad is a token & NFT launchpad on the Monad blockchain, providing seamless access to presales and NFT trading.
With user-friendly features and a commitment to transparency, it empowers users to engage in decentralized finance and digital ownership easily.
Monad Pad
What services does Monad Pad provide?
As a creator launching an NFT collection, Monad Pad provides a streamlined process with customizable launch pages and presale options, ensuring a successful launch without needing advanced development skills. Developers tooling is both advanced and easy to implement for blockchain engineers.
Launch Types
Monad Pad offers several different paths for launching a project on Monad.
- Public Raises: Open to anyone, allowing for fair launches or presales without tier requirements
- NFT Sales: Dedicated NFT launchpad requiring at least the Unicorn tier for participation
- Chad Sales: Exclusive sales vetted and incubated by Monad Pad, accessible only to specific tiers
- Syndicate Sales: Opportunities to invest in high-quality projects across multiple chains
Presale
Presale tooling allows fledgling brands to build their community before going live with their project.
- Infrastructure for managing token presales before TGE (Token Generation Event)
Monad Pad's goal is to simplify the often complex process of launching and investing in crypto projects, providing a secure and efficient platform for both creators and investors.
Monad Pad
Customizable Launch Pages
Monad Pad offers easy to use customization of project launch pages similar to the streamlined website building services offered by Wix, Shopify and Squarespace.
- Creators design their own launch pages using over 30 components and presets, allowing for tailored presentations of their projects
Developer Tooling
Monad is a new blockchain and there are relatively few 'native' developers. Monad Pads tooling helps increase the go to market speed for new projects.
- Token Locker: Securely lock tokens for a specified duration
- A token locker is a mechanism that allows users to securely lock up their tokens using smart contracts.
- LP Locker: Lock liquidity provider tokens to enhance trust in the project
- Token Creator: Simplifies the process of creating new tokens
What is $MPAD?
$MPAD is the native utility token of Monad Pad which facilitates transactions and provides holders access to exclusive features on the platform. By holding $MPAD, users gain exclusive access to public and private presales on Monad Pad. This allows holders to participate in early investment opportunities.
The $MPAD token is the key to accessing Monad Pad's features and benefits. By holding and using $MPAD, investors can unlock exclusive investment opportunities and be a part of the Monad ecosystem's growth.
Monad Pad
Tier System
- Monad Pad employs a tiered access system based on $MPAD holdings, which determines the level of participation in various sales and presales
- Higher tiers unlock premium opportunities and larger allocation sizes
- Unicorn Tier
- Griffin Tier
- Phoenix Tier
- Leviathan Tier
This system incentivizes users to acquire and hold more tokens to access premium offerings.
Staking and Revenue Sharing
- Users can stake their $MPAD tokens or NFTs to earn rewards
- Monad Pad allocates 40% of all launchpad fees back to token and NFT holders as revenue share
- 20% goes to token holders, 20% goes to Purple Frens NFT holders
What is Purple Frens?
Purple Frens was the first NFT collection launched on Monad Pad and is managed by the Monad Pad team. The collection consists of 3,333 PFP style designs and has yet to be minted. The mint will occur on Monad Pad once the Monad Mainnet is opened to the public.
The Purple Frens team is regularly running WL and NFT giveaways in anticipation of their public launch. They have partnered with numerous brands in the Solana ecosystem and are offering whitelists to the communities of Mad Lads, Tensor, Atlas3, NEO TOKYO and more.
Just twenty 1/1 NFTs offer significant status on Monad Pad. Holders of the NFTs instantly qualify for the Leviathan tier which offers them more competitive entries and larger allocations. The remaining NFTs are placed in the Unicorn tier.
As the project evolves, the Monad team is committed to continuously adding utility and value to the NFTs, ensuring a dynamic and rewarding experience for all collectors.
Monad Pad Whitepaper
What does launchpad mean in crypto?
In the cryptocurrency world, a launchpad serves as a platform that facilitates the initial fundraising for new projects.
It allows developers to launch their tokens or NFTs while providing investors with opportunities to participate in early-stage investments. Key functions of a crypto launchpad include:
- Vetting Projects: Ensuring that only credible projects are listed to protect investors
- Types of Launches: Monad Pad supports various types of launches such as public sales, NFT sales, Chad sales (vetted incubated projects), and syndicate sales (early investments in top-tier projects)
- Tiered Participation System: Users can engage based on their holdings of $MPAD tokens, which unlocks different levels of investment opportunities
What is Monad?
Monad is one of the newest L1 blockchains aligned with EVM (Ethereum Virtual Machine) to scale transaction speeds and lower costs. They are taking the best parts of parallel executions blockchains (such as Solana) and making it compatible for existing Ethereum applications.
Monad operates in a similar fashion to Ethereum and users will interact with the new blockchain using established Ethereum wallets, explorers, etc. They officially began building in February 2022 and the team has expanded to at least 30+ full time blockchain engineers.
Conclusion
Monad Pad performs and important function for the new and growing Monad blockchain. They facilitate onboarding to Monad for creators, builders, investors and NFT enjoyers. Their tooling is designed to be used by newcomers to Monad and helps streamline the launch process on a new blockchain.
See more about Monad in the suggested articles below.
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