MemePad (MEPAD) is an initial DEX offering (IDO) launchpad focused on raising the liquidity of smallcap coins like meme coins, charity coins, etc. The platform also provides full-service Know Your Customer (KYC) and whitelisting. According to the website, the asset strives to specialize in meme coins. Meme coins are tokens based on internet memes and current events. In simple terms, the MemePad is a platform to launch one’s own meme coin.
As per the website, by launching the smallcap projects on MemePad, the project aims to get exposure from thousands of potential buyers. The platform aims to offer the facility of Rapid launch, where IDO can be released within days of being approved. Further, the platform also promotes easy liquidity fundraising by letting whitelisted addresses swap BUSD and BNB for allocation in the listed projects.
MEPAD is the token used in the MemePad platform. The token is used on the platform for transactions. By charging users a 10% fee on transactions and adding it to the liquidity pool, the LP is automatically generated using MEPAD tokens. Furthermore, the MEPAD stakers can benefit from receiving the coins that are launched on MemePad.
The process of staking MEPAD is important as it is necessary to receive project allocations. There are different levels of token allocations on MemePad named pleb, chad, and Elon. Pleb has a staking requirement of 10,000 tokens which provides a project allocation with a pool weight of 10. Chad has a token requirement of 69,000 tokens which provides a token allocation with a pool weight of 100, and Elon has a staking requirement of 420,000 tokens which provides a project allocation with a pool weight of 1000.
