Plunge Pad

About Plunge Pad

Plunge Pad is not only the first launchpad for Arbitrum but also the first launchpad where every token holder can participate in the token sale and receive a guaranteed allocation. As a fully decentralized platform, Plunge Pad allows token holders to vote on proposals for the launchpad and make all the decisions.

The Plunge Pad platform will oversee the launching of carefully vetted projects on the Arbitrum platform to raise capital and drive initial liquidity in a decentralized manner.

Arbitrum is an ecosystem built on the Ethereum blockchain, boasts of low transaction fees. The total TVL on Layer-2 solutions now stands at more than 3 billion dollars, with Arbitrum contributing almost 75% of it. Data also shows that the daily transaction volume showed a growth rate of over 250%.

The massive increase in people and projects joining the Arbitrum ecosystem in the past few short months has been incredible. This opens exciting possibilities for Plunge Pad.

Plunge Pad is the first and the fairest platform for launching projects on Arbitrum. We are not only are we the first launchpad for Arbitrum, but we are also the first-ever fair launchpad where each token holder can participate in the token sale and receive a guaranteed allocation of tokens.

Why is it unique

Most launchpads have a lot of problems that ether do not addressed, or are simply deemed insignificant. Plunge Pad is solving such problems as allocations are not guaranteed, Scam projects, High transaction fees on Ethereum launchpads, Slow confirmation of transactions, A completely decentralized system, There is no cap on whales’ investment in IDOs.

Many projects are launched on Ethereum and BSC as scams. Plunge Pad aims to bring a safe launch environment within the Ethereum ecosystem with Arbitrum platform, that investors trust. It operates with meager fees, is extremely fast with confirmations, and is a layer-2 solution bridged to Ethereum.

By providing rewards for all token holders and with no barriers to entry, Plunge Pad ensures that the platform is inclusive and rewarding.

Unlike other decentralized platforms, Plunge Pad is free to use and projects which do not meet their soft cap won't be charged fees. Once the project reaches its soft cap, it will have to pay a service fee of 5-10%. This fee will be used exclusively for improving the community and the platform.

How it works

Plunge Pad is as simple of a launchpad as it gets. There are three tiers, and each tier has a guaranteed allocation. Rather than rely on luck or bots, the platform strives to provide guaranteed allocation to all token holders. Participants who have completed the white-list tasks and submitted the white-list verification form will receive token allocations based on the 3 Tiers mentioned previously.

The users will be allowed a maximum funding amount of 1% . If total funds exceed the pool cap, additional funds will be returned.

For example, if project A wants to raise $100,000 through Plunge Pad by selling 100,000 tokens, the token allocation process is straightforward, with each holder receiving a proportional share of the funds in each tier.

Token

For users to participate in the IDO funding raising, they must own the Plunge token (PLG). Holders will be reworded for their participation in the community through a staking reward mechanism.

For participation in the IDO users have to be the holders of the Plunge Token or abbreviated PLG.

How to become the holders I’ll show in the end of the video.

Besides For the holding PLG They will be received rewards through staking rewards mechanism.

That process I’ll show a little later.

Well Literally each of your PLG tokens is your vote and the more PLG you have the more power of vote and influence you have over proposals. Besides PLG can be used as vote for participation in IDO It’ll be used as the native token for Plunge Pad Arbitrum. So How we can see The Punge token is not for show but It’s real tool for the interaction with this great platform

Roadmap

The project has already implemented many features, beginning with Full KYC integration and all the way to Staking Mechanism. In the future, the platform plans to add governance model and DAO, swapping platform, cross-chain bridge and native Arbitrum DEX.