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What is BSCPAD

Tokens

1. What is BSCPad?

Introduction to BSCPad Cryptocurrency

BSCPad is the first IDO (Initial DEX Offering) platform on Binance Smart Chain (BSC). The platform allows users to stake platform tokens to gain different levels of participation, enabling them to take part in the token issuance of new projects. BSCPad's distinctiveness lies in ensuring that every tier of participants is guaranteed a token allocation, meaning all participants have the opportunity to acquire the new project tokens.

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 engage in the token issuance of new projects.

As the first IDO platform on the BSC chain, BSCPad offers a new method for users to get involved in the early phases of cryptocurrency projects, possessing a high potential return rate.

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 capitalists invested in BSCPad?

Based on the available information, specific venture capital investments in the cryptocurrency BSCPad could not be identified. However, from a second source, we know that BSCPad is the first IDO platform on the BSC chain, but it does not mention specific investors.

If you require more detailed information, it is advisable to conduct further searches or visit the official BSCPad website or related news sources.

4. How does BSCPad operate?

The Operation of BSCPad Cryptocurrency

BSCPad is a cryptocurrency mainly used for participating in new project ICOs (Initial Coin Offerings) and IGOs (Initial Game Offerings). Here are the key points of its operation:

  1. Purchase BSCPad:

  2. Users can buy BSCPad through cryptocurrency exchanges (such as Bitget).

  3. Fiat currency (like USD) can be used to purchase USDT or USDC through OTC services, which can then be exchanged for BSCPad.

  4. Stake BSCPad:

  5. Users need to stake BSCPad on specific platforms to gain eligibility to participate in ICOs or IGOs.

  6. The amount staked determines the user's qualification tier and allocation for the ICO/IGO. For instance, on the BSCPad platform, staking 1,000 BSCPad grants copper-tier eligibility and a ticket for the ICO lottery, while staking 10,000 BSCPad offers platinum eligibility and an allocation of 10 units.

  7. Participate in ICO/IGO:

  8. Users can participate in new project ICOs or IGOs using the qualifications gained from staking, allowing them to purchase newly issued tokens.

  9. New tokens are typically 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 cryptocurrencies on DEX.

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

In summary, the operation of BSCPad mainly involves steps such as purchasing, staking, participating in ICOs/IGOs, and trading/storage.

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