Solpad finance (SOLPAD) is a platform that allows users to participate in decentralized finance. Solpad is an IDO (initial dex offering) platform that plans to attain efficiency by integrating many chains. An IDO is a token-offering platform running on a decentralized exchange (DEX). Solpad focuses on building an efficient connection system between blockchain startups and investors. SolPad aims to become a multichain project, giving users and developers the ability to do crosschain. Crosschain technology improves the connection between blockchain networks by allowing the exchange of value functions and information.
As per the whitepaper, network congestion is becoming more and more problematic with existing blockchains. Other problems include high transaction fees and slow transaction speeds. Blockchains like Solana and Binance Smart Chain envision tackling these problems. That is why Solpad was launched on Solana to push projects toward crowd-funding on both Solana and the Binance Smart Chain. Furthermore, Solpad seeks to resolve the liquidity problem of the Solana ecosystem. The platform believes that economic equilibrium is attained when most DeFi projects launch on Solana.
Solpad facilitates users with a variety of products built on Solana, including:
• SolSwap: Multichain DEX
• SolWallet: Multichain Mobile Wallet
• DAO Structure
SOLPAD is the native token of the platform. SOLPAD is built on the SPL token standard. SPL (Solana Program Library) tokens are the ones built on the Solana blockchain. The platform uses a pooled structure to give a fair opportunity to everyone by staking tokens. Users are pooled into different tiers that split allocations among participants according to the number of staked tokens.
These tiers are:
The platform has another utility token called PAD , which is also built on the SPL token standard.
