ADAPad
Crypto Overview
Overview
ADAPad is a launchpad platform built on the Cardano blockchain, designed to facilitate the launch of new projects and tokens in the Cardano ecosystem. The ADAPAD token serves as the native utility token of the platform, providing holders with access to token sales and platform governance rights.
Purpose and Utility
The primary purpose of ADAPAD is to serve as a governance and access token for the ADAPad launchpad platform. Token holders can participate in Initial DEX Offerings (IDOs) and gain early access to new projects launching on Cardano. The tiered system requires users to hold different amounts of ADAPAD tokens to participate in token sales.
Business Model
The platform generates revenue through listing fees from projects launching on the platform and facilitates the exchange of tokens between project creators and investors. This model involves the actual exchange of assets and creation of value through the launching of new projects.
Development and Adoption
ADAPad has successfully launched several projects on its platform, demonstrating actual utility in facilitating token sales and project launches. The platform continues to be actively maintained, though development activity has been moderate.
Token Distribution
The token distribution includes allocations for the team, advisors, and early investors with standard vesting periods. While there is a significant allocation to these groups, the vesting schedules help align long-term interests.
Crypto Impact
To assign a comfort level investing in ADAPad from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to ADAPad.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.