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What is BSCPAD

Tokens

1. What is BSCPad?

Introduction to BSCPad Tokens

BSCPad is the first IDO (Initial DEX Offering) platform on the Binance Smart Chain (BSC). This platform allows users to stake platform tokens to gain different levels of participation, allowing them to take part in the token issuance of new projects. A key feature of BSCPad is that it ensures every level of participant can obtain a token allocation, meaning all participants have the opportunity to receive tokens from new projects.

Users need to stake BSCPad tokens to gain participation eligibility, similar to other IDO platforms like DAO Maker. This mechanism is designed to provide users with a fair and transparent way to participate in new project token issuances.

As the first IDO platform on the BSC chain, BSCPad offers a new way for users to engage at the early stages of Tokens projects, with high potential returns.

2. Who founded BSCPad?

According to the provided information, the founders of BSCPad include:

  • Lin Jing'an (Founder of X21 Digital)
  • Danish Chaudhry (Managing Partner at Bitcoin.com)
  • Ian Friend (Co-Founder of Ferrum Network).

3. Which venture capital firms invested in BSCPad?

According to the provided information, no specific venture capital investments in TokensBSCPad could be found. However, the second source indicates that BSCPad is the first IDO platform on the BSC chain, but does not mention specific investors.

If you need more detailed information, it is recommended to conduct further searches or visit BSCPad's official website or related news sources.

4. How does BSCPad work?

How BSCPAD Tokens Operate

BSCPAD is a type of token primarily used for participating in activities such as ICOs (Initial Coin Offerings) and IGOs (Initial Game Offerings) for new projects. Here are the key points of its operation:

  1. Purchase BSCPAD:

  2. Users can buy BSCPAD through token exchanges (such as Bitget).

  3. Users can use fiat (like USD) to purchase USDT or USDC through OTC services and then exchange it for BSCPAD.

  4. Stake BSCPAD:

  5. Users need to stake BSCPAD on a specific platform to gain eligibility to participate in ICOs or IGOs.

  6. The amount staked determines the user's eligibility level and quota for the ICO/IGO. For example, on the BSCPad platform, staking 1,000 BSCPAD may grant bronze level eligibility and one ICO lottery ticket, while staking 10,000 BSCPAD may grant platinum status and a quota of 10 tokens.

  7. Participate in ICO/IGO:

  8. Users can participate in new project ICOs or IGOs based on the eligibility obtained through staking and purchase newly issued tokens.

  9. New tokens are usually transferred directly to the user's wallet and can be traded on decentralized exchanges (DEX).

  10. Trading and Storage:

  11. Users can trade BSCPAD and other tokens on DEXs.

  12. BSCPAD can be securely stored in cryptocurrency wallet applications (such as Bitget Wallet).

In summary, the operation of BSCPAD mainly involves steps of purchasing, staking, participating in ICOs/IGOs, and trading/storing.

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