ADAPad is positioning itself as the inaugural deflationary launchpad catering to the Cardano ecosystem. It shares similarities with ETHPad, BSCPAD, and TRONPAD, all of which are products from the same company. ADAPad primarily aims to function as an incubator program for fresh ventures within the Cardano network. The team behind ADAPad seeks to gain complete control over cross-platform launches, provide protection against liquidity sniping-bots, introduce their own cross-chain bridge, and establish a trusted staking system. Moreover, ADAPad will implement various measures to promote deflation, including triggers tied to selling, unstaking, and IDO participation. Holders of ADAPad will receive a 7.5% reward in ADA from sell fees. The Cardano Foundation recently unveiled the Alonzo upgrade, enabling the integration of smart contracts and decentralized finance functionalities into the Cardano ecosystem. This development is likely to lead to an increase in the number of projects launching Initial DEX Offerings (IDOs) on Cardano and utilizing the services of launchpads such as ADAPad.
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