EraPAD is a DEX project combined with Launchpad, developed based on the zkSync ecosystem, and has many excellent features. In the following article, let's learn more about the EraPAD project!
What is EraPAD?
EraPAD is a community-driven AMM DEX project built on the zkSync Era platform. In addition to providing users with an AMM trading platform, EraPAD also focuses on developing Launchpad functions to help projects deployed on zkSync easily attract community funds.
EraPAD aims to provide users with the best trading experience while offering a high degree of customization and efficiency. EraPAD creates a trading environment with deep liquidity and flexibility, allowing users to access and execute trades quickly and conveniently.
EraPAD Highlights
Flexible fee customization
EraPAD allows users to customize transaction fees for each trading pair based on their personal needs. This allows users flexibility when trading on EraPAD. By being able to customize transaction fees, EraPAD helps users get a better trading experience and meet everyone's personalized needs.
Effective use of high liquidity
EraPAD allows users to pledge NFTs to increase liquidity utilization. Pledging NFTs on EraPAD brings many benefits to users and improves capital utilization. Users can pledge or unstake NFTs at any time according to their needs. In addition, users can also customize the level of pledge, thereby improving capital efficiency and obtaining better returns.
Launchpad Project Support
EraPAD allows Launchpad projects full control and flexible transaction options to maximize funds raised. The project also provides strategies tailored to the needs of the project. This ensures that EraPAD will support projects with the right strategies, help optimize efficiency and bring the best returns to participating projects.
Features of EraPAD
Swap
This functionality is similar to current DEX exchanges such as Uniswap or SushiSwap… However, EraPAD currently only supports users to exchange between ETH-HIGG trading pairs, with a slippage of approximately 0.05%.
Farming
The farm feature brings many attractive benefits to investors and users. When participating in EraPAD's farm, users will receive rewards in the form of zHIGG, the project's governance token. In addition, they will have the opportunity to receive rewards from EraPAD's partners. Just like the redemption feature, EraPAD currently only supports the farm of ETH-HIGG, which has an annual yield of 66.21%.
Launchpad
This is a feature that allows projects on the zkSync ecosystem to attract community funding by selling tokens on EraPAD. On the platform, tokens will be sold through public sales and users can purchase tokens through auctions. Projects participating in Launchpad on EraPAD will sell 10% of the total project token supply, divided as follows:
6% will be purchased with HIGG.
4% will be purchased with zHIGG.
After Launchpad ends, EraPAD will provide liquidity to the project by combining half of the newly raised funds with 7.5% of HIGG tokens in the Uniswap liquidity pool.
Development Roadmap
EraPAD’s development roadmap does not have a specific timeline, but is divided into three distinct phases:
Phase 1: Conceive and build the project, establish a development team, recruit people and find mentors.
Phase 2: Conduct audits, roll out Launchpad functionality and issue HIGG tokens.
Phase 3: Launch DEX, implement centralized liquidity, and improve the user interface.
Token distribution ratio and release plan
The distribution and issuance of HIGG tokens are as follows:
Liquidity Mining: 25% - distributed over 3 years
Private placement: 5% - 100% unlocked at TGE
Public Sale: 15% - 100% unlocked at TGE
Marketing: 10%
Reserve: 10%
Airdrop: 15% - paid over 3 years
Partners: 5% - 6-month lock-in, linear payments for 2 years
Ecosystem: 15%
Token usage
HIGG tokens are used for:
Pay transaction fees on the platform.
Reward active users.
Summarize
The above is all the information about EraPAD, an AMM DEX project combined with Launchpad on zkSync. Through this article, you may have a certain understanding of the basic information of the EraPAD project in order to make your own investment decisions.
