SuiPad: An innovative project launch platform for the Sui ecosystem

SuiPad is the first comprehensive project launch platform based on the Sui public chain, providing IDO, ISO and INO services. As a first-level project of the Sui ecosystem, SuiPad has established an official partnership with Mysten Labs to provide a full range of project start-up solutions for the Sui network.

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The core features of SuiPad

Sui Tank

Sui Tank is an innovative reality show that gives Web3 startups the opportunity to showcase themselves to experienced venture capital investors. This program, which is similar to the “Web3 version of Shark Pool”, not only provides a fundraising opportunity for project owners, but also allows community members to learn how professional investors evaluate projects. In this way, SuiPad aims to improve investment literacy across the ecosystem.

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SuiPad Shield Insurance

In order to address the potential risk of loss faced by IDO participants, SuiPad has launched the Shield insurance mechanism. Users can choose to pay an additional 15% premium to protect their principal. If the average maximum price of the project is lower than the IDO price within 7 days after the IDO, the insurance pool will compensate for the difference. This innovative design significantly reduces the risk for participants while retaining the potential for unlimited upside.

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Suipad Academy

SuiPad also offers a 16-week online Web3 development bootcamp designed to nurture the next generation of blockchain development talent. The course covers front-end and back-end technologies, computer science fundamentals, and Web3 development with Sui Move at its core. Participants need to hold $6,000 worth of SUIP tokens.

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Tokenomics & Layering System

SuiPad uses a tiered system based on staking, with a total of 6 tiers, ranging from Ruby to Sui. The more SUIP tokens a user stakes, the higher the level they earn, and the larger the distribution they may receive in the IDO. In addition, SuiPad has also introduced a lock-in multiplier mechanism to encourage long-term holding, and users can obtain higher level stakes by locking tokens.

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Token Distribution & Issuance

The distribution of SUIP tokens includes multiple components, such as teams, advisors, community incentives, etc. The public offering was divided into OG (private) round and WL (public) round, which were carried out on a platform on May 7 and 8 respectively.

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Development Roadmap

The development plan of SuiPad is divided into several phases:

• Q1 2023: Testnet live, multi-wallet integration
• Q2 2023: Mainnet launch, SUIP token IDO, and staking pool open
• Q3 2023: Sui Tank program production and broadcasting, the first batch of incubation projects launched
• Q4 2023: The first phase of SuiPad Academy will be opened, and the IDO and incubation projects will continue to be expanded

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Team Background

SuiPad was founded by experienced blockchain industry professionals, including former top trading platform executives and technology leaders of well-known blockchain companies. The team members have a strong background in project selection, financing, marketing and technology development.

Financing

SuiPad has completed a private placement of more than $1.15 million, supported by a number of well-known investment institutions. The public offering is scheduled for early May, including a private round and a public round, with token prices of $0.035 and $0.05, respectively.

! SuiPad In-Depth Analysis: Sui Ecosystem Launchpad All-in-One Solution

Overall, as an important part of the Sui ecosystem, SuiPad aims to promote the healthy development of the entire ecosystem through innovative project incubation mechanisms, risk management tools, and talent development programs.