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SuiPad 🌊 - Launchpad on Sui@SuiPadxyz · Mar 30, 2023

🌊Introducing SuiPad Shield🛡️ SuiPad Shield allows the ambitious and carefully selected projects to utilize such…

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Summary

SuiPad Shield is an insurance feature for IDO investors that protects their principal capital for 7 days after a token launch. Users can pay 15% of their investment as an insurance fee, and if the token's average peak price falls below the IDO price, the Shield Pool compensates the difference.

Summarized by ThreadOut AI from the full thread. May miss nuance — read the thread below.

  1. #1

    🌊Introducing SuiPad Shield🛡️ SuiPad Shield allows the ambitious and carefully selected projects to utilize such feature within their launch strategy, while also protecting SuiPad Investors from any tokens dump. How SuiPad Shield Works? 👇🧵

  2. #2

    1/N. Currently in the market, most launchpads/IDO platforms do not have protection in place to safeguard users' principal capital against volatility when investing in newer crypto projects, making it an extremely high risk for IDO participants.

  3. #3

    2/N. At SuiPad, we have engineered an Insurance feature to protect the user's principal capital. For example, if a user buy the IDO round of a launchpad project, the user can choose to add 15 % of invested funds to buy insurance.

  4. #4

    3/N. The insurance fee will then be sent to the SuiPad Shield Pool. SuiPad Shield will then cover any potential loss of the user's principal capital for the next 7 days - on the 7th day since the IDO launch, if the average peak price is lower than the IDO price, the SuiPad Shield Pool will cover the differences to the user.

  5. #5

    4/N. If the Average Peak Price does not fall below the IDO price, the SuiPad Shield Pool will be accumulated for the next IDO. Learn more here: docs.suipad.xyz/suipad/suipad-…