CoinxPad - New Decentralized IDO Platform for (BSC) Projects Based on Binance Smart Chain.
With the worldwide growth and acceptance of blockchain technology, majority of projects are shifted on blockchain and also new emerging projects are understanding the power and importance of decentralized ecosystem of blockchain and are using it to get worldwide access without third party involvement. Trustless transactions with anonymous feature while providing fast speed with low cost are the main concern of this decentralizes protocol that has attracted the attention in global market. In the recent time to provide the services in blockchain sector there are lots of exchanges where the users can trade, invest and swap their crypto assets. There are centralized as well as decentralized exchanges.
Centralized exchange (Cex ) are providing predefined order book to trade. Every order is pre set and users have to wait for longer time to execute their orders. The traders are having no control on their assets and the keys and logins of wallet are under control of centralized exchange. But the good thing is that in centralized system the traders can get access to some charts, tools & indicators to book their trades.
In decentralized mechanism, the Decentralized exchange (Dex) is having its own automated market market (AMM) where the users are given the best current trading price to trade their tokens. There is no order book and also no charts and trading tools to set their order accordingly. The orders are executed in a flash without waiting too much. The whole system is backed by the liquidity of the exchange that is created via various staking and liquidity/farming pools.
What is CoinxPad?
CoinxPad is the first Cex / Dex Multi-chain IDO Launchpad. CoinxPad is a decentralized Dex and is loaded with all features of blockchain technology. This platform has created a sound ecosystem for its users where they can trade, invest and swap their tokens, coins and real assets with fast speed and with more security. This ecosystem is totally transparent and it runs on Binance blockchain. Polkaroad has its innovative smartchain developed on binance blockchain and using BSC network which is pretty fast and execute transactions with much low cost and with more security. CoinxPad will empower cryptocurrency projects with the ability to distribute tokens and raise liquidity.
IDO platform
CoinxPad is where you get access to the best new tokens before they list on other centralized or decentralized exchanges. For new emerging projects and platforms, CoinxPad is the best place to join and grow. It is because new emerging projects can create their tokens and coins on this platform and use it as initial dex offering (IDO). Being an IDO platform CoinxPad platform is very helpful for emerging talents and products in the market. To make initial impact on the market, fundraising is the key factor that makes emerging projects get more liquid and then work out their future growth strategies. Funds are require to get services of highly educated experts to develop products and to analysis the market data and information to make positive moves of the project in the market. Funds are required to make advertisement and to get attention in the market. In current market scenario, there is a flood of new projects and it is very hard for all of them to get noticed in the market and get their fund raising on time. So many projects are forced to shut down or gradually they vanish from the market. CoinxPad platform helps these new projects and products to get access to their initial investors and do their fund raising. CoinxPad provides mass adoption, more liquidity, fast transactions and more security on its platform. New projects join CoinxPad and generate their tokens on this platform. The fundraising problems of emerging projects are taken over by CoinxPad platform as such their team management can be relaxed and work out their other plans and strategies to improve their platform and products.
Security
This platform is taking care of fund security of its users. As such the smart contracts of the platform are audited and in future regular audits will be done for the further innovation of smartcontracts to check and control Defi manipulations and Flash loan attacks. The smart contracts of the platform will not allow the external smart contracts to attach and interfere with the platform's smartcontracts. That will curb the hackers and manipulators. So the users of CoinxPad platform can operate frequently without any fear of misusing & stealing of funds.
Transparency, Immutability and Anonymity
Transparency, Immutability and Anonymity are the sound pillars of the platform that have created a solid base to create a trusted platform where the newly created projects can join and use this platform to get mass adoption in the market. All the joined platforms and their teams can do their transactions independently with full transparency. The transactions are executed on this platform by the smartchain and smartcontracts only when there are certain criteria are met and then miners will check that the deserving person will receive the funds. This process is done in user's account and the executed data is stored in blocks on blockchain by the technically advance nodes of the platform. This executed and confirmed data on blockchain is present in online ledger where anyone can see it. So the manipulators cannot change the data or misuse it for their personal benefits.
The users of the platform can conduct transactions without revealing their identities. The mutual trust required to execute financial transactions is handled by the innovative smart contracts of the platform and the transactions are executed peer to peer without any help of external forces. CoinxPad has created a Trustless environment by using blockchain technology. That is the key for boosting the trust level of the platform and motivate more and more people to join the platform. With more adoption and more transactions on the platform, the liquidity level will increase and that will further help this innovative ecosystem to operate and conduct transactions in a flash with very low price variations. Also there is 10% tax deducted with every transaction on the platform. Out of which 5% is redistributed in the wallets of all holders of the platform. 3% of deducted tax will be contributing towards generating liquidity that goes automatically in PancakeSwap. 2% of every transaction is allocated in marketing budget and contributes to fuel platform developments and aggressive promotions around all the blockchain space.
Access to all DeFi applications and protocols
CoinxPad is a next level of technology development that is improving DeFi ecosystem. The users of CoinxPad platform can transact anonymously without reveling their identities and there is no interference and involvement of third parties on this platform. CoinxPad platform is providing low cost executions of transactions with fast speed so the users of this platform are able to get access to all DeFi applications and protocols and use them according to their need. CoinxPad platform is allowing its users to do staking to earn interest. Users can do yield farming to earn rewards. By using lending and borrowing applications, users can lend their assets and earn interest. Also the projects that need funds for improvement & developments can borrow funds from lenders on this platform. Users can send and receive real assets and money on this platform. CoinxPad platform is allowing interoperability of different blockchains and smart chains so users of this platform are not required to join different platforms with different blockchains to get access to their applications and protocols. Also it is very time consuming and costlier to join and explore too many platforms to grab best opportunities. On contrary CoinxPad platform is supporting and allowing all DeFi applications and protocols on its ecosystem regardless of nature of its token and blockchain. So CoinxPad is an open source protocol that enables its users to get access to whole cryptoworld on its single platform.
CoinxPad Token
CoinxPad is the symbol of the native token of the platform. This token is representing the new era in blockchain technology and it is not just a meme coin but it has real use case on the platform. All the applications and protocols of the platform are well backed and insured by CoinxPad token. The rewards generated on the platform are given in CoinxPad token. Mere holding of CoinxPad token will yield passive income for you since with every transaction on platform, a portion of Tax deducted is added in all the wallets which are holding CoinxPad tokens. You can use your CoinxPad tokens in staking, liquidity pools and also can do yield farming to earn interest and rewards on the platform.
The further benefit is that the team is always looking for best options to implement for further check and control the total supply of CoinxPad tokens. For that purpose there will be certain token burning programs.
Token allocation and Tokenomics
CoinxPad Platform is handy & userfriendly. The innovative Launchpad App of this platform will allow the best projects and team to raise funds with Coinxpad, benefiting the community of investors.
For more information, checkout these useful links:
- Website: https://coinxpad.io/
- Whitepaper: https://coinxpad.io/whitepaper
- Twitter: https://twitter.com/coinxpad
- Telegram: https://t.me/Coinxpad
Writer
- BTT Username: aksh2596
- BTT profile: https://bitcointalk.org/index.php?action=profile;u=1470247
- POA: https://bitcointalk.org/index.php?topic=5360603.msg57964222#msg57964222
Ambitious project, helping new projects to get their place in this ever changing market!
IDO launchpad platform with Cex/Dex properties is really a cool concept! Best of luck with the project.
That looks good platform to join and get mass adoption in the market! Nice concept.