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

SuiPad, as the first Launchpad project on the Sui public chain to integrate IDO, ISO, and INO functions, is about to conduct two rounds of financing on a certain platform on May 7 and 8. This article will deeply analyze the project's features and innovative gameplay.

1. Overview of SuiPad

SuiPad is a community-centered new project launch platform in the Sui ecosystem and is also a first-line project on Sui. Through its formal cooperation with Mysten Labs, SuiPad is expected to become a comprehensive solution for project launches on Sui. Currently, its flagship product is the SuiPad launchpad, which is a platform focused on IDOs. The platform provides users with the highest quality new projects in the Sui blockchain through a unique project screening process and industry admission standards.

2. Innovative Features of SuiPad

To address the issues faced by current IDO participants, such as a lack of expertise and investment risks, SuiPad has proposed the following innovative solutions:

2.1 Sui Tank

Sui Tank is a Web3 version of the "Shark Tank" reality show, allowing startup projects to pitch their projects to a VC investment panel in a reality show format. The show features a jury composed of experienced VC investors who will conduct a comprehensive evaluation of the project's business model and product, ultimately deciding whether to invest.

This innovative format not only provides project parties with a platform for presentation and fundraising, but also gives community members the opportunity to learn from professional VCs how to analyze projects. The six VC reviewers of Sui Tank will inquire into the project parties from multiple angles to help small and medium investors comprehensively and objectively understand the actual situation of the project.

2.2 SuiPad Shield Insurance

SuiPad has designed an insurance feature to protect users' principal. Users can choose to increase their investment amount by 15% to purchase insurance, and the insurance fee will go into the SuiPad Shield pool. If the average price of the project is lower than the IDO price within 7 days after the IDO, the Shield pool will compensate the difference, effectively protecting users' principal.

Insurance Agreement Mechanism:

• Participants can decide whether to purchase SuiPad Shield on their own.
• All insurance premiums go directly into the insurance pool.
• Funds are used to compensate IDO investors for losses within 7 days.
• If the insurance pool funds are insufficient, the funds raised from the project's IDO will be used to make up the difference.
• Unused insurance pool funds will accumulate for future payouts.

This innovative insurance feature allows users to flexibly adjust their investment strategies based on their own risk preferences.

2.3 Other Advantages

SuiPad also offers Suipad Academy, a 16-week Web3 development training camp aimed at cultivating professional Web3 developers. In addition, SuiPad introduces quality projects for IDO through collaboration with Mystenlabs and promotes the platform through diversified marketing strategies.

3. Token Staking and Layering Mechanism

SuiPad adopts a tiered system to reward loyal users. Users need to stake SUIP tokens to qualify for specific levels. The tiers are as follows:

• Ruby: Stake 2500 SUIP
• Sapphire: Stake 5000 SUIP
• Jade: Pledge 10000 SUIP
• Diamond: Stake 30000 SUIP
• Crown: Stake 50000 SUIP
• Sui: Stake 100000 SUIP

The higher the staking level, the larger the allocation amount that users may receive when participating in the IDO. There is a 15-day cooling period after staking.

SuiPad also introduces a locked multiplier mechanism, allowing users to achieve higher levels by locking their staked SUIP without the need to stake additional tokens:

• 3-month lock-up period: 1.3x multiplier
• 6-month lockup period: 1.5x multiplier
• 12-month lock-up period: 2x multiplier

This mechanism encourages long-term holding and contributes to the overall governance of SUIP.

4. Development Roadmap

2023 Plans:

• Q1: Test online launch, wallet integration, testnet IDO
• Q2: Mainnet launch, SUIP token IDO, staking pool, and Shield feature launch
• Q3: SuiTank first season production and broadcast, second batch of IDO, first batch of incubation plan
• Q4: SuiPad Academy first phase, second batch incubation, third batch IDO

5. Core Team

• Joe Wan( Co-founder and CEO): Has experience with top exchange launchpads and listings.
• Daffy lau( co-founder and CMO): Has experience working in the marketing department of top exchanges.
• David Tiser( Co-founder and CTO): Leader of the blockchain company Cleevio, with extensive Web3 and DeFi development experience.

6. Financing Information

• Private Placement: Over $1.15 million financing completed, NGCVentures is the sponsor of this round.
• Public offering: OG round and WL round IDO on May 7-8 on a certain platform.
  • OG Wheel Price: $0.035
  • WL Wheel Price: $0.05
• Token Distribution: May 11, 12:00 UTC

SuiPad, as a pioneer of the Sui ecosystem, has an innovative insurance mechanism and community-driven model that are worth paying attention to. However, the specific effects still need to be further observed and verified after the mainnet goes live.