In-depth Analysis of the First Integrated Launchpad Solution in the Sui Ecosystem

SuiPad, as a pioneering project on the Sui public chain, will soon launch its IDO event. This article will delve into the project's features and innovative gameplay.

1. Overview of SuiPad

SuiPad is an innovative project incubation platform centered around community within the Sui ecosystem. As one of the important projects in the Sui ecosystem, SuiPad is committed to providing comprehensive launch solutions for projects on Sui through strategic cooperation with Mysten Labs. Currently, SuiPad's flagship product is its IDO platform, aimed at filtering and providing users with the most promising emerging projects in the Sui blockchain.

2. Innovative Features of SuiPad

In response to the main challenges faced by current IDO participants, SuiPad has proposed the following innovative solutions:

2.1 Sui Tank

Sui Tank is a Web3 version of an entrepreneurial reality show. On this platform, Web3 startups can present their projects to a jury composed of experienced investors. This not only provides fundraising opportunities for the project parties but also offers ordinary users a window to learn how to professionally evaluate projects. Through comprehensive questioning by six seasoned VCs, the audience can gain a more comprehensive and objective understanding of the project's true situation.

2.2 SuiPad Shield Insurance

SuiPad innovatively introduces an insurance mechanism to protect users' principal. Users can choose to pay an additional 15% premium to purchase insurance. If the average highest price of the project token within 7 days after the IDO is lower than the IDO price, the insurance pool will compensate the difference. This mechanism effectively reduces the risk for users participating in the IDO.

2.3 Other Highlights

• Suipad Academy: Offers a comprehensive 16-week Web3 development training course covering front-end and back-end technologies, fundamentals of computer science, and Sui Move development.
• Marketing Strategy: Introduce quality projects by collaborating with Mystenlabs and promote through diversified marketing channels.

3. Token Staking and Layered Mechanism

SuiPad adopts a tiered system based on token staking, aimed at rewarding long-term holders. Users are divided into 6 levels from Ruby to Sui based on the number of staked SUIP tokens. The higher the staking amount, the larger the allocation amount that may be obtained in the IDO.

In addition, SuiPad has introduced a locking multiplier mechanism that allows users to increase their levels by locking their staked tokens without having to increase the staking amount. The longer the locking period, the higher the multiplier, up to a maximum of 2 times.

4. Development Roadmap

The development plan for SuiPad is divided into four quarters:

1. Q1 2023: Testnet launch, wallet integration, testnet IDO
2. Q2 2023: Mainnet Launch, SUIP Token IDO, Staking Pool, and Insurance Mechanism Initiation
3. Q3 2023: Sui Tank program production and broadcasting, second batch of IDOs, first batch of incubation projects
4. Q4 2023: SuiPad Academy first phase, second batch of incubation projects, third batch of IDO

5. Core Team

The core team of SuiPad consists of professionals with extensive experience in cryptocurrency exchanges, blockchain development, and marketing.

6. Financing Overview

SuiPad has completed over $1.15 million in private fundraising, receiving support from several well-known investment institutions. The public IDO plan will be conducted in two rounds: the OG (private) round and the WL (public) round, expected to be completed in early May. Token distribution will take place on May 11.

SuiPad, as an innovative Launchpad project within the Sui ecosystem, is expected to make significant contributions to the development of the Sui ecosystem through its unique functional design and operational strategies.