Cryptocurrency attributes
Other attributes
Introduction
ErgoPad is a project incubator offering token IDOs which provide funding for new projects within the Ergo ecosystem. Ergopad will release its own native token through an IDO (Initial Dex Offering), and users will be able to trade Ergo or SigUSD for these tokens and stake them through smart contracts.
If you stake ErgoPad tokens and reach one of the tiers outlined in the staking page, you'll be given an opportunity to invest in seed sales for new projects. These seed sale prices will often be much lower than the price the tokens list at during the IDO.
SigUSD and Erg raised in the pre-sales will be used to build projects on the Ergo platform, to build out the ecosystem of dApps and bring the DeFi functionality needed to make Ergo a top 10 coin.
Roadmap
Tokenomics
Early Investment Rounds
Early investment rounds will take place starting December 17, 2021. The seed round and strategic round will be capped at 5k sigUSD and 20k sigUSD per person, respectively. There will be a max allocation of 10M tokens for seed round, and 20M tokens for strategic round and pre-sale. You will be able to send Erg native coins to a smart contract and will receive ErgoPad tokens in return, locked according to the vesting schedule. Once each vesting period has passed, you'll be able to claim your tokens that are unlocked for that period. We will provide a form on the website to generate the transaction, to keep it simple.
Dao tokens
The ErgoPad DAO will receive 6% of the total supply of tokens. This will be released quarterly to the DAO over 6 quarters (one and a half years). The DAO will vote to determine how those tokens will be spent. Salaries, new hires, marketing, buybacks, and other expenses will be considered, and remaining tokens will be burned.
Tokenomics and Vesting Schedule
Staking
Staking provides a few utilites. Staking your ErgoPad tokens will generate new tokens based on the number you have staked and the emission schdule. If you reach one of the staking tiers, you'll get pool allocation which gives you an opportunity to buy into new projects launched on ErgoPad at seed-sale prices not always open to the public.
