Introducing Dpad, a completely decentralized protocol for launching great projects.
We are here to give wings to the upcoming great ideas in Blockchain ecosystem. A completely decentralized, transparent and easy to use platform for fundraise and investment in Blockchain projects.
Dpad: An Introduction
As the growth in the crypto ecosystem has been tremendous in the past year, many budding entrepreneurs, developers have found possibilities in this industry, unlike any other industries. Dpad protocol is built to help new projects in launching and fundraise from the crypto investors community, with a decentralized process.
Dpad Features and Highlights
- Hybrid listing of projects
- Binance Smart Chain, Multichain
- Staking
- Voting
- Investing
- Governance
- Community
Mission
The main use case of Dpad is to allow anyone in the world to be able to raise initial capital in a decentralized process, without being dependent on centralized funding institutions. The Dpad protocol can accept new projects without the need of a bureaucratic permission. Dpad is able to aggregate fees generally charged by traditional mediators and marketing giants, and distribute them to the ecosystem participants in a decentralized and trustless manner. The Dpad token is the native token that lays the foundation of a trustless and permission less launchpad platform. The Dpad token holders will have the power of selecting the projects to be funded with a community governance mechanism, thus removing the need of a central authority.
The mission of Dpad is to build the largest startup launchpad in the world where people with great ideas and business plans can get support from an open community, in a fair way.
For Developers
The Dpad protocol does not scrutinize the developers on the basis of KYC or any other centrally controlled mechanism. The developers are completely free to list their projects through the protocol, and community decides by the blockchain governance, to which projects they want to invest in. There are no gatekeepers with keys to allow hand-picked teams, being biased on the basis of preferences. It’s the easiest way to launch a project in a public investors community.
For Investors
Blockchain has opened the door for the large set of global retail investors who would otherwise miss to participate in great projects, at the presale stages. The Defi boom has shown that decentralized trust can lead to better things in the world. The investors have freedom to choose to invest in any project they like based on their personal DYOR or peer review by community voting. We are ourselves investors in Defi projects since the past year, and we believe that more people should get chance to find, trust and invest in new innovation, ideas and projects.
How it works
The Token
Dpad token is a utility based token built on Binance Smart Chain. This token will drive the governance on the Dpad protocol. The investors can stake Dpad tokens in various tiers and thus achieve rights to participate in the token governance, voting rights, privileges to invest in top projects on the platform.
Binance Smart Chain, Multichain
The Dpad has been initially built on the Binance Smart Chain due to the following reasons:
- Growing ecosystem of BSC projects and community, is attracting huge number of talented developers to build on BSC chain. Thus, we want to facilitate project launching for that community.
- Due to the enormously high gas fees on Ethereum blockchain, it has become suicidal for projects to operate on Ethereum. The developers and investors have been switching to alternatives like BSC, Polkadot, Solana, Matic blockchains with lower fees and faster transaction speeds.
- In course of time, Dpad protocol shall evolve to a multichain launchpad protocol allowing the projects on blockchains other than BSC to launch and benefit from the Dpad community.
Staking
Dpad token holders will be incentivized to stake their tokens into a community based liquidity pool. The Dpad stakers are rewarded with staking rewards from the tokens allocated for staking rewards and some percentage of fees deducted from the project’s fundraise. Each IDO on the platform has to pay 3% fees to the platform, out of which 0.5% of the raised amount will be distributed to the stakers in equal proportion to their staked Dpad tokens.
Listing
Anyone can follow a basic steps on the Dpad platform to list a project. After submitting all the details of the project, a pool is created on Dpad protocol, and gets displayed on the voting page. After the completion of voting, the project gets either listed for IDO or rejected due to high number of negative votes. This process is completely decentralized carried through by the Dpad token stakers.
Voting
Voting on Dpad platform is fair and decentralized. To be able to vote in Dpad ecosystem, one has to stake DPAD tokens in one of the tiers. There are penalty for unstaking within a short timespan. The Dpad stakers decide which projects to pass in voting, amendments in the protocol, etc.
Although, voting for project listing is optional. There shall be a separate section on the platform where projects can be listed without passing through community voting.
Investing
To invest in any project listed on Dpad, investor has to be a staker of Dpad token. Staking maturity on the basis of time and amount decides the pool allocation to an investor.
Governance
The Dpad ecosystem is run by its community, token holders and believers. All the decisions within this ecosystem is taken by the community. No central authority has privilege to ascertain any impact in the governance of Dpad.
Community
Community is the most precious asset of the Dpad ecosystem. We have built this platform for the community. We believe that this decade will be led by community projects, and Dpad protocol aims to be one such platform shining in the open source community.
DPad Incubator
We are also introducing a community grant to support deserving and outstanding projects. There is a fixed allocation of 5% tokens from the total supply for top projects raising funds from Dpad ecosystem. These tokens will be released in 24 months, starting after 3 months from the TGE. Few projects will be shortlisted by community voting every month, and they shall be granted financial support in the form of Dpad tokens and other resources required to run an early stage business. Dpad team will arrange exclusive deals for the incubator projects, such as legal services, analytics tools, dev tools, security, CRM, recruiting tools and many such services. As these projects will achieve success, so will the credibility of Dpad platform, thus more investors and founders will get onboarded in the Dpad ecosystem.
Tokenomics
Token Distribution
The distribution of start token is as follows:
Total Supply: 100,000,000
Token Sale: 42,500,000
Team & Advisors: 12,000,000
Liquidity: 20,000,000
Marketing & Partnerships: 2,500,000
Incubator Grant: 5,000,000
Development: 2,000,000
Airdrop: 1,000,000
Staking rewards: 5,000,000
Token Release Schedule
After the TGE, the tokens will be released over a span of 24 months. Team and advisors have a vesting period of 1 year.
Thank You
Conclusion
As the spirit of entrepreneurship is at the highest point in the human history, and Blockchain technology being a major catalyst in that spirit, it’s high time for a platform that can give wings to those who are ready to fly. Throughout history only the giant capitalists had the privilege to get benefit from such opportunities. But a community led platform will empower everyone to participate in the making of future!
