ETHPad Guide: Participation in IDO, Tiers and Launchpad Requirements

What Is ETHPad?

What Is ETHPad?

ETHPad is the world's first launchpad using EIP-1559 on the Ethereum network.

The Launchpad is a platform for raising funds for an early-stage crypto project from retail investors rather than funds. As a reward for participating in an early-stage project launch, investors get early access to innovative product features.

EIP-1559 offers a new transaction pricing mechanism — a base fee per block. The blockchain burns off commissions, reducing the total amount of ether (ETH) in circulation, which creates deflationary pressure on the cryptocurrency. As a result, the number of commissions for using the network decreases for the user.

Should I choose ETHPad? 

ETHPad works with EIP-1559, which means low commissions for the user. It also has one of the lowest entry thresholds. To participate in IDO, you need to buy £120 worth of ETHPad tokens. The site has clear rules for participation, a simple and user-friendly interface.

This project is definitely worth paying attention to.

How Does ETHPad Work? 

Like any other launchpad, ETHPad has certain requirements for IDO participants. On ETHPad, users are divided into two categories: lottery participants, and users with guaranteed allocation of tokens. Tokens are distributed as follows:

  • 10% of the tokens are distributed to users who participate in the lottery;
  • 90% of the tokens will go to users with guaranteed distribution levels.

In the lottery tier, which is called Bronze, the user receives a certain number of lottery tickets depending on the tokens placed on the stakes.

  • Stake 5000 ETHPad — 1 lottery ticket
  • Stake 10000 ETHPad — 2 lottery tickets
  • Stake 15000 ETHPad — 3 lottery tickets
  • Stake 20000 ETHPad — 4 lottery tickets
  • Stake 25000 ETHPad — 5 lottery tickets

The tiers of guaranteed distribution are as follows:

  • Silver 120,000 staked ETHPad, Pool weight 1
  • Gold 200,000 staked ETHPad, Pool weight 2
  • Diamond 500,000 staked ETHPad, Pool weight 5 + Access to Private Sales

At the time of writing, an ETHPad token costs £0.024. This means that you will need to buy £120 worth of tokens to participate in IDO.

Statistics and Performance 

Statistics and Performance

According to the statistics provided by cryptorank.io, ETHPad is ranked twenty-first in the ranking of the launchpads. Currently, ETHPad has attracted £441310 worth of investments with an average ROI of 12.32x. 

The results of recent IDOs held on ETHPad are shown in the following table.

Criteria

Value

WagyuSwap [WAG]

12.99x

NFTLaunch [NFTL]

42.50x

Identity [IDTT]

3.11x

WeWay [WWY]

3.00x

MeDIA eYe [EYE]

0.09x

What do you need to participate in IDO on ETHPad? 

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

  • Connect a cryptocurrency wallet to the site;
  • To buy ETHPad tokens in the amount that will allow you to participate in IDO (at least 2,000);
  • Stake tokens;
  • Go through the process of identity verification;
  • Choose the necessary project and take part in the IDO.

How do I buy ETHPad? Read our detailed guide here.

How to get whitelisted on ETHPad IDO: Tiers Rules

As written above, on ETHPad, users are divided into two categories.

The first category of users participates in the lottery, and the more lottery tickets a user has, the higher the chance of winning.

The number of tokens that users of tiers with guaranteed distribution will receive depends on the weight of the pool. Accordingly, the higher the user's level, the more tokens at the end of the IDO will be available to him.

How to participate in IDO on ETHPad

To take part in the IDO on ETHPad, several specific actions need to be taken.

How to participate in IDO on ETHPad

Step 1 — Connecting the crypto wallet

To get started with the ETHPad 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 cryptocurrency wallet, click the Open App button at https://ethpad.network. This will open the online version of the ETHPad Launchpad. 

At the top of the page, click the Connect Wallet button. Follow the instructions on the screen. It literally takes a few clicks to connect. Once your wallet is connected, your crypto wallet number will be shown instead of Connect Wallet.

Step 2 — Buy ETHPad [ETHPAD] tokens

The next step is to buy ETHPad [ETHPAD] tokens. You can buy them on the Uniswap exchange.

Keep in mind that you will need at least 2,000 ETHPad tokens to participate in IDO on this launchpad.

Step 3 — Staking

Step 3 — Staking

The next step is staking ETHPad tokens. You can do this on a special launchpad page.
On the screen that opens, you will see a step-by-step instruction, which will display the completed and remaining steps.

After you have completed all the necessary steps and confirmed them, a KYC button will appear at the top of the 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:

  • A photo of a document proving your identity. This could be a passport, government identification card or driving licence.
  • Your photo holding a piece of paper that says ETHPad, the current date, and the last four characters of your cryptocurrency wallet number.

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

Step 5 — Project selection and participation in IDO

After completing the KYC process, participation in IDO will become available. To complete this, you must first select the project in which you want to participate. Clicking on the “Projects” tab will open a list with current, future, and past IDOs.

Clicking on the project you are interested in will open a window with detailed information about it.

The process of participating in IDOs is elementary. See the video below for how it works:

ETHPad Team

ETHPad was developed by the team that formerly worked on the DeFi Prophets project. This team also created such launchpads as the TronPad and BSCPad.

You can read a review of BSCPad in the article on our website.

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 ETHPad available in the UK? 

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

Is ETHPad Safe? 

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

How do I participate in ETHPad? 

To participate in IDO on ETHPad, you must first connect your cryptocurrency wallet to the project website. Then, you need to buy at least 2,000 ETHPAD tokens, stake it, and verify your identity. Thereafter, you can take part in IDO.

Conclusion

ETHPad is the first launchpad to use EIP-1559 on the Ethereum network. Because of this, ETHPad has lower commissions than other Ethereum network launchpads. The platform is not overloaded with extra functionality, its principle is easy enough to understand. A wide range of levels allows users who don't want to risk large amounts of money to participate in IDO.

What Is ETHPad?

ETHPad Rating Summary 

88% Overall

We have analyzed the main advantages and disadvantages of ETHPad based on 3 important parameters for choosing IDO:

  •  Trustworthy (we made an independent research based on Trustpilot reviews and other independent sources on the internet).
  • Our usability tests and experts researches.
  • Analysis of token value, capitalization and value forecasts for the year by analysts.

Based on all this data, an independent rating was compiled

78%
Trustworthy
90%
Usability
90%
cost

Disclaimer:

You should be aware of all the dangers connected with cryptocurrency trading and seek counsel from a financial expert who is not affiliated with any cryptocurrency exchange. This website's opinions, news, research, analysis, pricing, and other information are offered as general market commentary and do not represent investment advice.

Jack Evans


I became a crypto asset owner in 2014, when the industry was in its infancy. Before that, I was working in the classic US and European stock markets. Since then, I have gained extensive experience in both cryptocurrency investing and day trading. I am happy to share with readers my experience with crypto exchanges, DeFi and NFT instruments.

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