Users who want to participate in cryptocurrency fundraising face significant challenges, particularly high Fully Diluted Valuations (FDVs) and limited access for small investors. High FDVs can make participation difficult for smaller investors, as the entry points are usually steep. Many Initial DEX Offerings (IDOs) prioritize larger investors, leaving smaller ones with fewer opportunities to get involved.

DegenPad tackles these issues head-on with its launchpad for Initial DEX Offerings (IDOs), focused on small-cap Web3 projects with low FDVs where a $10 stake can actually matter. It skips the insider game, opening IDOs to regular users through a staking system with $CGPT, ChainGPT’s token. Centralized platforms might prioritize institutions, but DegenPad focuses on fairness, giving small investors a real chance at early-stage projects.

What is DegenPad?

DegenPad is an Initial DEX Offering (IDO) launchpad designed to support small-cap Web3 projects with low Fully Diluted Valuations (FDVs). As part of the ChainGPT ecosystem, DegenPad aims to democratize investment opportunities by providing a platform where smaller investors can participate in early-stage projects without being overshadowed by larger investors. This focus on low FDVs ensures that investment opportunities are more accessible and appealing to a broader audience. A low FDV, like $500,000 versus $50 million, keeps tokens cheap. For $10, you might get 100 tokens, not 0.1 tokens.

Connection to ChainGPT

DegenPad is closely connected to ChainGPT, leveraging its advanced AI capabilities to enhance the overall user experience. This integration allows for better project evaluation, streamlined processes, and improved security measures. ChainGPT’s powerful technologies drive DegenPad’s operations, ensuring the platform remains reliable and efficient. The $CGPT token, used for staking on DegenPad, comes from ChainGPT too.

The Vision and Mission of DegenPad

Founded in 2024 by Ilan Rakhmanov, the founder of ChainGPT, DegenPad’s mission is to discover and launch hidden gem projects with low FDVs. The platform offers IDO services and provides its own incubation for projects. This incubation process aims to solve problems that projects face at an early launching stage, offering full-spectrum support from concept design to launch.

Key Features of DegenPad

Streamlined IDO Process

DegenPad offers a streamlined Initial DEX Offering (IDO) process, ensuring efficiency from initial announcements to execution. Every step is planned to perfection, providing a seamless experience for users. This approach makes it simple and efficient for both project developers and investors to engage in early-stage projects.

Community and Insight

At DegenPad, the community is paramount. The platform is led by a meme strategist extraordinaire who designs content that is both fun and informative. This keeps the community in the loop and entertained, fostering a strong and engaged user base.

Uncompromising Security

Beneath its engaging exterior, DegenPad offers robust security. Leveraging ChainGPT’s advanced technology, the platform ensures a secure and transparent environment for all participants. This commitment to security builds trust and reliability among users.

Comprehensive Project Support

Beyond providing a launchpad for IDOs, DegenPad offers incubation support for projects at their early stages. This comprehensive support ranges from concept design to launch, helping projects overcome initial challenges and ensuring they stand out in the competitive Web3 landscape.

Fair and Accessible Tier System

DegenPad features a fair and accessible tier system designed to cater to many investors. Whether you’re starting with $10 or $20,000, there’s a place for you at DegenPad. The tiers are:

• Ape (Bronze): Entry-level tier for all participants.
• Chad (Silver): Intermediate tier with enhanced benefits.
• Shark (Gold): Advanced tier for more significant benefits.
• Whale (Diamond): Top tier for maximum benefits.

Staking points from ChainGPT Pad will transfer at 50% value to DegenPad and vice versa, encouraging more staking within the ecosystem.

How DegenPad Works

Staking on DegenPad

Staking $CGPT tokens is a way of showing your commitment to the DegenPad ecosystem. By staking, you unlock access to various utilities and accumulate points determining your tier level. Here’s how the staking system works:

Staking Points: When you stake tokens on DegenPad, you earn staking points. These points determine your tier within the system. The more tokens you stake, the more points you accumulate, and the higher the tier you can achieve.

Time-based Pools: Staking is divided into four pools based on time frames, each with its own point multiplier:

45 days = 1x multiplier

90 days = 1.3x multiplier

180 days = 1.5x multiplier

365 days = 2x multiplier

The longer you stake, the more points you earn, boosting your tier status and rewards.

Cross-Platform Integration: Staking on DegenPad is interconnected with other platforms within the ChainGPT ecosystem. Specifically, if you stake on DegenPad Pools, 50% of your staking points will be reflected on ChainGPT Pad, and vice versa. Your full amount of staking points will count toward your voting power within the ChainGPT DAO, giving you influence across the entire ecosystem.

Incentive Structure: The DegenPad staking system incentivizes long-term participation. The longer you stake your tokens, the higher the multiplier applied to your staking points, helping you climb the tiers more rapidly.

No APY, Just Rewards: Unlike traditional staking platforms offering an Annual Percentage Yield (APY) in passive income, DegenPad focuses on direct participation rewards. By staking, you gain access to IDOs and other exclusive opportunities directly tied to your tier level.

Role of $CGPT Token in Staking and Participation

$CGPT stakers are at the heart of the DegenPad ecosystem, and their commitment is rewarded with several exclusive benefits. By staking $CGPT, participants earn staking points determining their tier within the DegenPad platform. Benefits include enhanced access to IDOs, priority in project allocations, and increased influence within the ChainGPT DAO. Additionally, all ChainGPT Pad users who stake on ChainGPT Pad receive 50% of their staking points on DegenPad, enhancing participation across both platforms. This cross-platform integration maximizes your influence and rewards within the entire ChainGPT ecosystem.

DegenPad Point System

The point system is the backbone of DegenPad’s tier structure. It calculates your participation impact based on the amount of $CGPT staked and the duration of your stake. The formula is simple:

“Total $CGPT tokens staked × pool multiplier = Tier Points”

For example:

• Staking 1,000 $CGPT in the 45-day pool gives you 1,000 points.
• Staking 1,000 $CGPT in the 90-day pool gives you 1,300 points.
• Staking 1,000 $CGPT in the 180-day pool gives you 1,500 points.
• Staking 1,000 $CGPT in the 365-day pool gives you 2,000 points.

DegenPad Tier System

To ensure fairness, DegenPad has implemented a tiered access system that rewards community members serious about staking, regardless of their capital size. Here’s how the tier system works:

• Ape (Bronze): Entry-level tier for users with limited capital. Requires 2,000+ points, 1x allocation multiplier, 100% refund eligibility, and participation in FCFS (First-Come-First-Served) rounds.
• Chad (Silver): Intermediate tier with enhanced benefits. Requires 20,000+ points, 4x allocation multiplier, 100% refund eligibility, participation in both guaranteed and FCFS rounds, and guaranteed whitelist for future NFT launches.
• Shark (Gold): Advanced tier for more significant benefits. Requires 50,000+ points, 10x allocation multiplier, 100% refund eligibility, participation in guaranteed and FCFS rounds, crowdfunding and private sales inclusion, exclusive airdrop privileges, and guaranteed whitelist for future NFT launches.
• Whale (Diamond): Top tier with maximum benefits. Requires 200,000+ points, a 40x allocation multiplier, 100% refund eligibility, participation in both guaranteed and FCFS rounds, token, and occasional NFT airdrops, private group access and voting, and freemium access to ChainGPT’s AI tools.

How DegenPad Selects Low FDV Projects

At DegenPad, identifying and launching the most promising low FDV projects is a mission. The selection process includes:

• Rigorous Screening Process: Evaluating each project’s fundamentals, including team experience, technology, market potential, and vision. Only projects with strong foundations progress.
• Innovation Focus: Selecting projects that bring novel use cases, unique technological solutions, or fresh approaches to existing problems. Innovation is key to standing out in the crowded crypto market.
• Strategic Partnerships: Collaborating with reputable partners to provide additional validation and resources for project success.
• Balancing Risk and Reward: Offering opportunities with high upside potential while managing downside risk. The goal is to empower users to make informed decisions and participate in the growth of the next big thing in Web3.

IDO Rounds on DegenPad

DegenPad leverages a two-phased approach for conducting the launches of IDO projects. Multiple rounds can establish a higher degree of commitment from the CGPT user base and provide a larger potential opportunity for projects to successfully complete their intended sales.

Round 1: Guaranteed Allocation

Round one of an IDO is granted only to users who signal their desire to participate by registering their interest before the start of the IDO. Typically, registration opens a week prior and lasts until 24 hours before the launch. This round is reserved for the top staking tier groups: Silver, Gold, and Diamond. However, every IDO is launched through social campaigns that allow a limited group of fast-acting Bronze tier members to earn their inclusion into the guaranteed round. Round one usually lasts for 24 hours unless otherwise specified.

Round 2: FCFS (First-Come-First-Serve)

Round two, the First Come First Serve (FCFS) round, is open to the broader ChainGPT community. There is no requirement to register interest for FCFS; however, waiting for it runs the risk of users being unable to participate due to early completion. All KYC tier members can join at will. Round two mostly lasts for 12 hours unless otherwise specified. Should a project reach 99% of its maximum IDO capacity during the first round of guaranteed allocations, the IDO will immediately conclude the first round. At least 1% of the capacity will always be reserved for the second round, designated for FCFS participants.

Getting Started with DegenPad

DegenPad, powered by ChainGPT, offers a unique launchpad experience for crypto enthusiasts looking to dive into Initial DEX Offerings (IDOs). Whether you’re a seasoned “degen” or a newcomer to Web3, getting started is straightforward. Here’s how to join, understand the tier system, and participate in IDOs.

Steps to Join (KYC, Staking $CGPT)

• Complete the KYC Process: To participate in DegenPad IDOs, you must verify your identity through the Know Your Customer (KYC) process. This requirement is for all tier levels and is facilitated through ChainGPT’s partner, Blockpass. The process is designed to be quick and simple—just follow the official KYC link provided by DegenPad or ChainGPT (typically found on their staking dashboard or social channels) and complete the verification in minutes.
• Acquire and Stake $CGPT: DegenPad operates on a staking system using $CGPT, the native token of the ChainGPT ecosystem. Purchase $CGPT from a supported exchange, then head to the official DegenPad or ChainGPT staking dashboard. Connect your wallet, choose a staking pool (ranging from short-term to long-term options), and stake your tokens. Staking $CGPT earns you points that determine your tier and unlock access to IDOs.
• Connect and Verify Your Wallet: After staking, ensure your wallet is connected and verified on the DegenPad platform. This step links your staked $CGPT to your participation eligibility, preparing you for upcoming IDO registrations.

Tier Levels and Requirements

DegenPad’s tier system rewards commitment and provides varying levels of access based on staking points. Points are calculated by multiplying the number of $CGPT tokens staked by a pool multiplier, which increases with the staking duration. Here’s a breakdown of the tiers:

• Ape Tier: The entry-level, requiring a minimum of 2,000 staking points (e.g., staking 1,000 $CGPT in a pool with a 2x multiplier). Benefits include access to First-Come-First-Serve (FCFS) rounds, refund eligibility, and DAO voting rights. Pool weight/allocation multiplier: 1x.
• Chad Tier: Starting at 20,000 staking points, this tier offers a 4x allocation multiplier. It’s ideal for participants with moderate commitment, providing enhanced IDO access and additional perks.
• Shark Tier: Requiring 50,000 staking points, Sharks enjoy a 10x allocation multiplier. This tier unlocks access to crowdfunding, private pools, and incubation airdrops catering to more serious participants.
• Whale Tier: The top tier, reserved for those with 200,000+ staking points. With a 40x allocation multiplier, Whales gain maximum benefits, including freemium access to ChainGPT AI tools, DAO proposal creation, node sale participation, and entry to an exclusive Private Whale Group.

Notably, staking $CGPT on ChainGPT Pad also attributes 50% of your staking points to DegenPad, enhancing your tier status across both platforms with a single stake.

How to Participate in IDOs

Once you’re set up with KYC and staking, participating in DegenPad IDOs is a streamlined process:

• Register for an IDO: Keep an eye on DegenPad announcements for upcoming IDOs. When a project is listed, register through the platform by confirming your interest. Your tier level determines your eligibility for guaranteed allocation rounds (higher tiers) or FCFS rounds (all tiers).

• Check Requirements: Ensure you meet the minimum staking points for your desired tier and have sufficient funds (typically stablecoins like USDT or cryptocurrencies like ETH) in your wallet to participate. Some IDOs may have additional whitelisting steps or tasks.
• Join the Sale: On the IDO day, connect your wallet to the DegenPad platform or designated DEX. Follow the instructions to contribute your funds—either through a smart contract or a specified address—based on your allocation. Higher tiers often get priority in early rounds, while FCFS rounds are open to all eligible stakers.
• Monitor and Manage: After the IDO, tokens are distributed to your wallet. DegenPad offers a refund grace period (typically 7–14 days) to evaluate your investment. Track the project’s progress and decide whether to hold or sell based on updates and market conditions.

By staking $CGPT and climbing the tier ladder, you’ll unlock access to exclusive IDOs featuring low-FDV, high-potential projects.

Conclusion

DegenPad addresses key challenges in crypto fundraising by making investment opportunities accessible to small investors and focusing on projects with lower FDVs. The platform’s integration with ChainGPT and its robust tier system and security measures offer a secure and seamless experience for participants. With a commitment to innovation, community support, and comprehensive project incubation, DegenPad empowers users at all levels to confidently explore and invest in early-stage Web3 projects.