What is SolPAD (PAD) | What is SolPAD token | What is PAD token
In this article, we’ll discuss information about the SolPAD project and PAD token
SOL Pad: The first multichain Launchpad platform on Solana, that help project to crowd-funding on both Solana and Binance Smart Chain.
Our platform will allow users to participate in fully secured and reliable features such as crowdfunding, private and public sales, liquidity mining, staking, multichain swapping, and many more. We aim to bring as many cryptocurrencies and as many blockchains as possible into one Decentralized place that you can manage using our Tools. Our pools will offer automatic whitelisting with infallible KYC process as well as several types of swaps available. We also plan to create The First and The Only truly crypto-oriented business incubator.
While being built on Solana, we also aiming to become a Multichain project, giving users and projects the ability to do crosschain functions. Below is the products that SolPad built on top:
- SolPad — Crowdfunding platform with support for Multi-chain IDO and Guaranteered allocation for holders.
- SolSwap — Multichain DEX
- SolWallet — Multichain Mobile Wallet
- DAO Structure
SolPad — The first Crowdfunding platform on Solana with Multiplechain support.
The current situation on the market at the moment is just purely chaos. A new project come out every day, but not everyone will have the chance to buy. Furthermore, most of the new projects at the moment is developing on Binance Smart Chain and Ethereum.
Solpad was originally born as a Solana-only launchpad. However, over time it became obvious that despite the high level of technological sophistication and caliber of the participants, the Solana ecosystem is missing Apes. The total Solana TVL is around $30m, while Pancakeswap exceeds $8bn.
The Solpad team and advisors believe that Solana is the blockchain of the future, the ultimate economic equilibrium will be reached when the majority of DeFi projects are launching on Solana. However, Binance Smart Chain currently reigns supreme as it enables seamless UX between Binance, BSC and Pancakeswap.
The goal of Solpad is to become the go-to IDO platform integrating all major Layer 1 chains. That is the reason why, SolPad will become the first Multichain project built on Solana
Furthermore, SolPad will give everyone equal chance to join IDO on our platform. With a tiered structure that benefits for our holders, the chance to buy IDO will belong to the people, not some whales using Bots.
SolSwap — Multichain DEX
With our built-in DEX, projects incubated on SolPad will instantly list on SolSwap. SolSwap was built to become a multichain DEX, connect between Solana and Binance Smart Chain first. With SolSwap, there is no border.
SolWallet — Multichain Mobile Wallet
Most of the cross-chain solutions at the moment is hard to use, especially if you investing in multiple projects on different chains. To solve this, we created SolWallet as an all-in-one mobile chain agnostic wallet.
While we are fascinated by, and believe in the innovation and opportunities that Solana bring with its own architect, we don’t thing that the entire crypto ecosystem will exist on just one network. To us, Multichain is the future. With SolWallet, we are building an effective cross-chain infrastructure.
In short, with SolWallet, users can:
- Store and transfer digital assets irrespective of their native chains.
- Connect to blockchain applications on different chains
- Swap seamlessly between protocols.
- Manage and track digital assets on different chains.
All of this, from a single wallet — in which digital assets are safely stored and easily accessible.
DAO Structure
SolPad aiming to become a truly decentralize autonomous platform, which serves the benefits of our token holders. PAD token holders will get the rights to vote on almost anything happen on the platform, even which projects can get IDO on SolPad, which pair will be available on SolSwap and so on. This process will take time, but will come eventually.
In the future, SolPad will be governed by a DAO to determine the future of Solstarter and the pricing of tiers for pools. We have big aspirations for the future and the community is invited to help us democratize fundraising.
How to create a Solana Wallet in the Sollet web wallet
When you create a new wallet you’ll be provided with a 24 word mnemonic seed. It is very important that you backup this information safely. You’ll lose your coins from your wallet if you lose the seed word.
- Go to https://www.sollet.io by default it will create a new wallet for you. Make sure to save the 24 word seed phrase in a safe place and click continue.
- You can save them on password managers like Keepass.
- On step 2 encrypt your wallet seed using a password. Normally you can close the wallet and access sollet.io wallet back by just entering the password.
4. Create an passwords
If you forget your password you will need to restore your wallet using your seed words. Also if you clear browser cache then you cannot login using password. You need to restore wallet again using seed word.
Once password has been chosen click create wallet and the wallet will generate a new SOL (Solana) address for you.
As you can see the wallet is clear and simple and it needs no explanation at all.
Drop down SOL account and copy the deposit address.
Adding SPL Tokens to Solana wallet
Similar to GAS fees on Ethereum to add SPL tokens on Sollet wallet you need to spend some SOL. You can buy SOL from Binance or FTX. Buy SOL and send it to your Sollet wallet SOL deposit address.
Do not worry about the fees as they are negligible.
If you do not have enough SOL in your wallet then you’ll not be able to add any tokens. You’ll get the following error.
Once you’ve deposited SOL here is how you can add SPL tokens.
- Click the plus icon on your Sollet wallet to add tokens.
- A popup screen will open which will contain three options: Popular Tokens, ERC20 Tokens and Manual input.
Popular Tokens
On popular tokens section you’ll find the most used tokens on the Solana ecosystem.
Some examples are Serum (SRM), MegaSerum (MSRM), Bonfida (FIDA), LQID, KIN, MAPS, RAMP, Raydium (RAY) and Oxygen Protocol (OXY).
Other than projects build on Solana ecosystem you’ll also find wrapped tokens such as wrapped Bitcoin, wrapped Ethereum, XRP, FTT, YFI, LINK, USDT etc.
Adding ERC20 tokens
Other than SPL tokens you can also add any ERC 20 tokens to your Sollet wallet. These are basically pegged tokens.
If you can’t find your wrapped ERC20 tokens in popular tokens tab then you can manually add it by entering the ERC20 contract address.
Go to https://etherscan.io/. Search for the token, copy the contract address and enter it in your Solana wallet and click add.
Manual Input
This is similar to adding custom tokens to MetaMask. To manually add custom SPL (Solana based) tokens to your Solana wallet you first need to fetch the contract address or in Solana its called token mint address.
You can find the token mint address on Solana explorer as well as from Coinmarketcap.
Search for the token name on Solana explorer and copy the token mint address. Enter the token mint address in manual input section. Then enter token name and symbol (Ticker) and click add.
Tokens will be added instantly to your wallet. Also added tokens will not disappear even if the token balance is zero.
That’s it.
Export keys / mnemonic
In case if you’ve failed to copy the mnemonic backup phrase during the initial wallet setup or if you are not sure if you got the right one you can always export it later.
Click account menu from the top right corner and click export mnemonic. Enter password to reveal the mnemonic.
Deleting mnemonic will delete it from your local storage. Once deleted the wallet can only be accessed back by restoring the seed phrase.
Ensure that you have the seed phrase and the private key for all current accounts before you delete mnemonic or clearing browser cache.
Okay. That’s all.
How and Where to Buy PAD token ?
PAD has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying Bitcoin, ETH, USDT, BNB from any large exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy PAD token.
You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…
We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.
Binance is a popular cryptocurrency exchange which was started in China but then moved their headquarters to the crypto-friendly Island of Malta in the EU. Binance is popular for its crypto to crypto exchange services. Binance exploded onto the scene in the mania of 2017 and has since gone on to become the top crypto exchange in the world.
Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…
Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)
Next step - Transfer your cryptos to an Altcoin Exchange
Once finished you will then need to make a BTC/ETH/USDT/BNB deposit to the exchange from Binance depending on the available market pairs. After the deposit is confirmed you may then purchase PAD from the website: https://www.solpad.finance.
The top exchange for trading in PAD token is currently …
Find more information PAD
☞ Website ☞ Source Code ☞ Social Channel ☞ Social Channel 2 ☞ Message Board ☞ Documentation ☞ Press Kit ☞ Registration ☞ Tokenomics
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