BSCPad Tier System, Participation in IDO and Launchpad Requirements

What Is BSCPad?

BSCPad is the world's first Binance Smart Chain Network launchpad.

BSCPad  launchpad is a platform for raising funds for an early-stage crypto project from retail investors, not funds. As a reward for participating in an early-stage project launch, investors get early access to innovative product features.

BSCPad is currently one of the most productive and active launchpads, having launched a total of around sixty projects.

Should I choose BSCPad Launchpad? 

Most existing launchpads require a fairly large number of tokens to participate in an IDO, with no guarantee of either a place in the token allocation or a whitelist. Such launchpads use a "first come, first served" approach, where automated bots can gain whitelist spots in seconds.

BSCPad is creating fair decentralized launches, you can choose between a lottery tier or a guaranteed allocation tier and if you win the lottery you get a guaranteed allocation to participate in our two-round IDO system.

Yes, BSCPad is not one of the most profitable platforms on the market. But given the fact that the entry threshold to this platform is very low, and the fact that virtually every IDO participant has a chance at a guaranteed distribution, BSCPad is definitely worth a look.

How Does BSCPad Work? 

BSCPad uses a tiered token allocation system. It is divided into two rounds:

Let's take a closer look at each of these rounds.

Allocation Round

In this round, the tokens are distributed as follows: 20% of the total number of tokens will be distributed to participants who participate in the lottery; the remaining 80% will be distributed to users whose tier guarantees to receive tokens based on pool weights.
There are six tiers in total:

FCFS Round

In this round unallocated tokens from the first round will be available for purchase by users who have guaranteed tiers (Platinum and above). These users will be able to purchase the number of tokens that will be available to them based on their level specifics, e.g. depending on the pool weight.

Statistics and Performance 

According to January 2022 statistics from cryptorank.io, BSCPad is the seventh-largest launchpad. So far, BSCPad has raised $12.21 million in investment with an average ROI of 37.65x.

This demonstrates the confidence with which early-stage blockchain ventures are launching their tokens on BSCPad, and the potential for high returns for retail investors participating in IDO.

The results of recent IDO held at BSCPad are shown in the following table.

What do you need to participate in IDO on BSCPad? 

In order to participate in IDO on BSCPad, a user needs to do the following:

How to get whitelisted on IDO: BSCPad Tiers Rules

Recall that there are six BSCPad tiers:

The tokens between them will be distributed as follows:

Accordingly, the higher your BSCPad tier, the more tokens you will receive at the time of distribution.

However, at BSCPad, the tiers have been designed so that all traders participating in the IDO receive tokens during distribution.

How to participate in IDO on BSCPad

In order to take part in the IDO on BSCPad, a number of specific actions need to be taken.

Step 1 — Connecting the crypto wallet

In order to get started with the BSCPad Launchpad, you first need to connect your crypto wallet to the project website. We recommend using the MetaMask web wallet. You can read a detailed review of this wallet on our website.

To connect your crypto wallet, click Connect Wallet button at the top of the website. Follow the instructions on the screen. Connection is made in few clicks. Once the wallet is connected, your crypto wallet number will be shown instead of Connect Wallet.

Your wallet account must have some BNB in it. This amount is needed to pay transaction fees on Binance Smart Chain.

Step 2 — Buy BSCPAD [BSCPAD] tokens

The next step is to buy BSCPAD [BSCPAD] tokens.
These tokens can be purchased from the following exchanges:

Keep in mind that a minimum of 1,000 BSCPAD tokens will be required to participate in IDO on this launchpad.

Step 3 — Staking

The next step is staking BSCPad tokens. You can do this on a special page on the website.

On the screen that opens, you will see a step-by-step instruction showing the steps that have been completed and the remaining steps.

Once all the necessary steps have been completed and confirmed, a KYC button will appear at the top of the website page, and you can move on to the next step.

Step 4 — Identity verification

Once you have done your KYC, you will need to verify your identity. You will need two photographs to go through the KYC procedure:

It usually takes less than a day to verify your identity.

Step 5 — Project selection and participation in IDO

Once you have gone through the KYC process, participation in IDO will become available. To do this, you first need to select the project you want to participate in. Clicking on the 'Projects' tab will open a list with current, future and past IDOs.

A distinctive feature of the BSCPad site is that the projects page itself does not show the date on which IDOs will start.

To find out when a project's IDO is due to start, click on the "Calendar" tab at the top of the page. The calendar shows a list of past and future IDOs.

This is not very convenient, so we recommend subscribing to the BSCPad Twitter, where the project team announces the start of IDOs in advance.

The process of taking part in IDO itself is quite simple. See the video below for how it works:

BSCPad Team

BSCPad was developed by the team that previously worked on the DeFi Prophets project.

The BSCPad team consists of solidity (smart contract developers), web3, frontend and backend developers in the team, along with financial trading analysts, business leaders and digital marketing experts.

Disclaimer

The information contained in this article is for information purposes only. It should not be construed as financial advice. Investing in cryptocurrency involves significant risk of loss, and we advise you to consult a financial advisor if you decide to invest in cryptocurrency. Remember that all investments are made at your own risk.

FAQ

Is BSCPad available in the UK? 

BSCPad is not a scam, the site is legal and available in the UK.

Is BSCPad Safe? 

The BSCPad team takes security seriously and no hacking of the site has been recorded to date.

How do I participate in BSCPad? 

In order to take part in IDO on BSCPad, you must first connect your cryptocurrency wallet to the project website. Then you need to purchase at least 1,000 BSCPAD tokens and undergo identity verification. Stake the minimum tokens required to reach the desired level by the announced IDO deadline, and complete additional tasks if required (whitelisting, social tasks).

Conclusion

BSCPad is the first launchpad on Binance Smart Chain. This means that transaction fees on the platform are lower than they would be if it ran on the Ethereum network. The platform is not burdened with unnecessary functionality and is easy to understand. A wide range of tiers allows users who do not want to risk large sums of money to participate in IDO.