SuiPad is the first IDO, ISO and INO Launchpad project built on the Sui public chain. According to official news, SuiPad will conduct OG (Private) rounds and WL (Public) rounds on DaoMaker on May 7th and 8th. Rounding out IDO, veDAO will give you an in-depth analysis of the project’s features and innovative gameplay below.

1. Introduction to SuiPad

Suipad is a community-centered new project launch platform in the Sui ecosystem. It is a Tier 1 project on Sui. Through its official partnership with Mysten Labs, SuiPad will become an integrated solution for project launch on Sui. Its current flagship product is the Suipad launchpad, which is an IDO launchpad. Providing users with the best new projects in the Sui blockchain through a unique curation process and industry access.

2. Features of SuiPad

Currently, there are two main problems faced by users participating in IDO: 1) Small and medium-sized retail investors lack the knowledge and ability to professionally participate in new start-up projects. A large number of IDO participants have very limited knowledge on how to properly analyze projects from different perspectives and indicators. Regarding the project, the project party has more professional knowledge, but without professional VC investors, it will be difficult for central retail investors to ask more professional and objective questions. 2) After the tokens obtained by users participating in IDO were in TGE, they found that the secondary market price was lower than the new price of IDO. This left many IDO participants to suffer losses immediately after the TGE, especially during a bear market in the crypto market. The solutions given by SuiPad to solve the above problems are as follows:

2.1. Sui Tank



Suitank is a reality show series where Web3 start-up project developers pitch their projects to VC investment groups through a reality show. This is called Web3 Shark Tank.

The program consists of a group of experienced VC investors, known as "sharks," who listen to project parties' pitches for their businesses or products. These VCs will judge the business model and products of the recommended projects, and then decide whether to invest in the live broadcast format. Participants are Web3 start-up project founders, product designers or service operators. Before the program starts, the project team must specify the amount to be raised in private placement and the proportion of tokens given to investors. The rules also stipulate that if the project cannot raise at least this amount from sharks, it will fail to raise funds and the amount raised will be 0. This means that after the promotion is completed, the amount of investment offers made by one or more sharks must exceed the initial setting of the project party. If the set amount cannot be exceeded in the end, all shark invitations will be invalid.

Suitank is a reality show that aims to be an educational program for the community to learn how to analyze projects from experienced VCs, and a platform for web3 startups to showcase their products and ultimately raise funds. It has educational significance and certain entertainment for users. SuiPad's 6 professional VC team members conduct all-round, multi-angle, and in-depth communication and inquiry with the project parties, so that small and medium-sized retail participants can fully and objectively understand the true situation of the project, eliminating the need for most current projects to be exposed in publicity activities such as AMAs The project party's pretense and lack of objectivity.

2.2. SuiPad Shield insurance



Currently on the market, most launchpad/IDO platforms do not protect users’ principal from losses after winning the lottery, which is extremely risky for IDO participants. Suipad has designed an insurance feature to protect users' principal. For example, when participating in IDO, users can choose to increase 15% of their investment funds (note that it is the winning amount) to purchase insurance. The premium will then be sent to the Suipad Shield pool. The SuiPad Shield pool will then cover any potential loss of the user's principal over the next 7 days - on the 7th day after IDO launch, if the average maximum price is lower than the IDO price, the SuiPad Shield pool will cover the difference to the user, and therefore the user's principal Very well protected. On the other hand, if the project does well, the user's return will be infinity% - the 15% insurance fee paid.

insurance agreement mechanism

  • Launchpad participants can decide whether they want to purchase the Suipad Shield.

  • All insurance premiums will go directly into the insurance pool.

  • The funds will be used to reimburse IDO investment users for their 7-day losses. DAO will calculate the average highest price for 7 days (UTC+0), and use this price to compare with the IDO price to determine whether there is a loss and how much.

  • If the average maximum price is lower than the IDO price, the difference will be made up. If the insurance pool does not have enough funds to repay the debt, funds raised by the Project IDO will be used to repay the shortfall.

  • If the insurance pool is not used, it will be accumulated for subsequent claims.

SuiPad Shield is an innovative insurance function of SuiPad that can protect the principal of IDO participants. IDO users can choose the insurance function or not. If they have separate accounts, they can also choose partial funds, allowing them to make new purchases. The risk-return profile can be arbitrarily adjusted to suit each individual's risk appetite.

2.3. Other advantages

Suipad Academy: is a complete 16-week online Web3 development coding bootcamp designed to train users to become Web3 developers. Offers a 16-week full-time course covering front-end and back-end technologies, computer science fundamentals, and Web3 development with Sui Move at its core. Remote courses are live and interactive and include one-on-one help, professional mentorship, opportunities to build real products, and frequent code reviews. It also helps students find employment within the Web3 space by providing interview preparation, portfolio review, effective resume writing skills, and salary negotiation practices. To participate in Suipad Academy, students need to purchase $6,000 worth of SUIP tokens and hold them on SuiPad throughout the 16-week study period.

Suipad marketing strategy: Platform IDO through high-quality projects introduced by Mystenlabs, promoted by KOLs from different regions. Zealy events, OAT events on Galxe, AMAs with kucoin and other communities.

3. SuiPad’s Token Pledge and Stratification



The Suipad Tier System is one of the cores of the Suipad platform, rewarding loyal users and ensuring that users hold tokens for a long time to a certain extent. Suipad Staking and Tiering are closely related, and to qualify for a specific level, users must stake SUIP tokens on Suipad.

Users can be divided into 6 tiers according to the number of pledged tokens, namely:

  • Ruby: Stake 2500 SUIP

  • Sapphire: Stake 5000 SUIP

  • Jade: Pledge 10,000 SUIP

  • Diamond: Pledge 30000 SUIP

  • Crown: Pledge 50,000 SUIP

  • Sui：Press 100000 SUIP

The more SUIP a user stakes, the higher the level they receive, and the greater the winning allocation the user may receive when participating in any project IDO. There will be a 15-day cooling-off period after staking (meaning that staking for more than 15 days will be used for grading calculations). SuiPad will continuously adjust its grading, weighting and allocation mechanism to ensure the fairest allocation model.

Suipad locked multiplier



Suipad Lock Multiplier: Allows SUIP stakers to enjoy higher tiers without staking additional tokens. When users lock their staked SUIP for a predefined period, they will be able to enjoy the multiplier on their staked SUIP. Users can choose from 3 locks, each with a fixed multiplier:

3 months → 1.3x multiplier 6 months → 1.5x multiplier 12 months → 2x multiplier.

For example: Kelly staked 2500 SUIP (Ruby level), decided to lock the staked SUIP for 12 months, she would then receive a 2x multiplier of her staked SUIP, causing the smart contract to recognize it as 5000 SUIP (2500 SUIP x 2) , so she now has Sapphire rank. After 12 months, Kelly's staked SUIP is now unlocked, her level will refresh from Sapphire back to Ruby, and she can unstake the 2500 SUIP she staked a year ago.

This Lock Multiplier mechanism enables committed community members to obtain higher levels without staking additional tokens, while contributing to the overall governance of SUIP.

The specific allocation of SUIP tokens is as follows:



4. Roadmap

Q1 2023

  • SuiPad launched on Tesnet

  • Multiple wallet integration

  • Tesnet IDO for multiple projects on Sui

  • Ongoing marketing drive and community building

Q2 2023

  • Official mainnet on SuiPad

  • SUIP Motion IDO

  • Staking Pool and SuiPad Shield

  • First batch of IDOs (4 projects)

Q3 2023

  • The making of SuiTank Season 1 (8 episodes)

  • SuiTank Season 1 aired

  • The second batch of IDOs (8 projects)

  • The first batch of SuiPad incubation program

Q4 2023

  • SuiPad Academy Phase 1

  • SuiPad hatches second batch

  • The third batch of IDOs (8 projects)

5. Team

Joe Wan, Co-Founder and CEO: Having worked in the launchpad and listing departments of top CEXs, he has extensive experience in successfully financing projects.

Daffy lau, Co-Founder and CMO: has worked in the marketing department of a top CEX and has extensive experience in project screening and assisting project listings.

David Tiser, Co-Founder and CTO: The leadership of the blockchain company Cleevio. He has led a team of thousands of people and has rich experience in web3 and defi development.



6. Financing information

  • Private financing: On April 27, SuiPad announced the completion of over US$1.15 million in financing. NCG Ventures was the sponsor of this round of financing, GBV Capital, RareStone Capital, Cogitent Ventures, Kernel Ventures, Kairon Labs, NewTribe Capital, MoonRock Capital, Extra Watts, Hype , Panony, DAO Maker, Maven Capital, Criterion, Limitless Value Capital, Autonomy Capital, etc. participated in the investment

  • Public financing: SuiPad will conduct OG (Private) round and WL (Public) round of IDO on DaoMaker on May 7th and 8th:

  • OG (private) round sale: Starts at 13:00 UTC on May 7, 2023

  • OG (Private) Round Price: $0.035

  • WL (public) round sale: starts at 13:00 UTC on May 8, 2023

  • WL (Public) Round Price: $0.05

  • Token distribution: May 11, 2023 12:00 UTC

For more information, refer to: https://medium.com/@suipadxyz/suipad-ido-guide-5560fa802d38

The financing token release rules are as follows:





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