In-depth Analysis of SuiPad, the First IDO, ISO, and INO Platform Project on the Sui Public Chain

SuiPad is the first Launchpad project on the Sui blockchain to integrate IDO, ISO, and INO functionalities. The project will conduct private and public fundraising rounds on a certain platform on May 7th and 8th. This article will provide an in-depth analysis of SuiPad's features and innovations.

1. Overview of SuiPad

SuiPad is a community-centric new project incubation platform in the Sui ecosystem. As a first-level project of Sui, SuiPad is committed to becoming a one-stop solution for project launches on Sui through its official partnership with Mysten Labs. Currently, its flagship product is the SuiPad launchpad, which is a platform focused on IDOs. Through a unique project screening process and industry entry standards, it provides users with the highest quality new projects in the Sui blockchain.

2. The Unique Aspects of SuiPad

For the two major issues faced by current IDO participants: the lack of expertise among small and medium investors and the token price falling below the IDO price after listing, SuiPad has proposed the following innovative solutions:

2.1 Sui Tank

Sui Tank is a reality show-like program where Web3 startups pitch to professional investors. A panel of experienced venture capitalists ("sharks") will evaluate the project's business model and product, and decide whether to invest. This format not only provides projects with an opportunity to showcase and raise funds, but also allows ordinary users to learn how to analyze projects, making it both educational and entertaining.

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 premium will go into the SuiPad Shield pool. If the average highest price of the token is lower than the IDO price within 7 days after the IDO, the insurance pool will compensate for the difference, thereby protecting users' principal.

Insurance Mechanism：

• Participants can independently decide whether to purchase insurance.
• The premium goes directly into the insurance pool
• Used to compensate for potential losses within 7 days
• If the insurance pool funds are insufficient, funds raised through the IDO will be used for compensation.
• Unused insurance funds will accumulate for future payouts.

2.3 Other Highlights

Suipad Academy: Offers a 16-week Web3 development bootcamp covering front-end and back-end technologies, fundamentals of computer science, and core Web3 development using Sui Move.

Marketing Strategy: Introduce high-quality projects through Mystenlabs, utilize KOL promotions in various regions, carry out Zealy activities, Galxe OAT activities, and collaborate with other communities for AMAs.

3. Token Staking and Layered Mechanism

SuiPad adopts a layered system, divided into 6 levels based on the number of SUIP tokens staked by users: Ruby, Sapphire, Emerald, Diamond, Crown, and Sui. The more tokens staked, the higher the level, and the greater the allocation amount that may be obtained when participating in the IDO. There is a 15-day cooling period after staking.

Suipad Locking Multiplier

Users can choose to lock their staked SUIP for a certain period to enjoy the staking multiplier effect:

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

This mechanism encourages long-term holding and enhances user loyalty.

4. Development Roadmap

• Q1 2023: Testnet launch, multi-wallet integration, testnet IDO
• Q2 2023: Mainnet launch, SUIP token IDO, staking pool, and Shield insurance launched
• Q3 2023: SuiTank Season 1 production and release, second batch of IDO, first batch of incubation plan
• Q4 2023: SuiPad Academy First Phase, Second Batch Incubation Plan, Third Batch IDO

5. Core Team

• Joe Wan (Co-Founder and CEO): Previously worked in the launchpad and listing departments of top exchanges.
• Daffy Lau (Co-founder and CMO): Has extensive experience in project selection and listing.
• David Tiser (Co-founder and CTO): Leads the blockchain company Cleevio, with extensive experience in Web3 and DeFi development.

6. Financing Situation

• Private placement: Completed over $1.15 million in financing, NGCVentures is the sponsor of this round.
• Public Offering: The OG (Private) round and WL (Public) round IDO will be held on May 7th and 8th on a certain platform.
  • OG round price: 0.035 USD
  • WL Wheel Price: 0.05 USD
  • Token Distribution: May 11, 12:00 UTC

SuiPad, as an innovative Launchpad project within the Sui ecosystem, provides users with a brand new project participation experience and investment protection mechanism through its unique functional design and operational strategies. Its development prospects are worth paying attention to.