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What is Polypad?
According to reports, Polypad Network—also known as Matic Network—is the first decentralised initial DEX offering (IDO) launchpad to be specifically developed on Polygon. When a project is based on Polygon, PolyPad offers their services to help raise money or gather cash from really interested investors. The project’s goals include creating a committed investor community and opening up early investment.
Every investor will receive assured allocations thanks to MPAD, which guarantees hosting IDO that is safer and more transparent. Recent continuous fraud initiatives and rug-pulling have stomped out the potential expansion of Polygon. Developers and project owners can apply for IDO to be included on the platform, and once approved, they can use services including incubator services, all-inclusive fundraising solutions, and effective funding mechanisms.
Since the network’s rebranding and development revisions, PolyPad estimates that the number of users who have adopted Polygon has grown. Scalability, increased gas prices, and security issues can all be solved with the help of the polygon layer 2 solution. Different network-based decentralised applications (Dapps) are driving a significant increase in trade volume at Matic. However, the user and developer who initially selected Polygon have switched to Matic for their network.
MPAD IDO Overview
|Platform used||Polypad, A2DAO|
|Date of ICO||21st June 2021|
MPAD Price Analysis
The MPAD utility token, which serves as the platform’s membership token, powers the PolyPAD ecosystem. Holding the MPAD token in a wallet that is compatible with the Matic network will qualify you for allocation as an early investment deal. To receive yield farming and private allocation, an investor can lock and stake an MPAD token. Polypad plans to raise $2.2 million through numerous sale rounds, with token prices ranging from $0.02 to $0.05 USD. On June 21, 2021, MPAD IDO will be hosted on a personal platform and A2DAO for $0.05 USD. After being listed, MPAD may trade at a premium of 10 times the IDO price, or $0.50, and if the platform announces any IDOs, that information will help boost MPAD value.
PolyPAD successfully completed the initial step of community building and funding raising through private, seed, and pre-sale rounds. Following the airdrop event, the official Polypad social media account experienced substantial growth; as of the writing of this article, the community had reached the 30k milestone. By market cap, Polygon is currently the 15th largest project, and it is already lagging behind Ethereum and Binance Smart Chain volume. Recently, Polygon underwent significant network upgrades as more users and developers began to embrace Polygon as their network of choice.
The Matic network of Polygon is presently focusing on user-friendliness after resolving the issue with gas fees in the decentralised exchange. For contract signing, token spending approval, and even token swapping, Matic Network charges virtually no transaction fees. So, in the future, we may anticipate seeing more Polygon projects implemented, and PolyPad is anticipated to be the top choice for generating capital.