ZkPad

Dmytriiev Petro
3 min readMay 8, 2022

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ZkPad is a accelerator and IDO luncheonpad for projects on StarkNet with the principle of drawing allocations by participating in a lottery.

The main features of ZkPad:

  1. Selecting projects to launch on the platform, getting rid of flippers, incubating projects

The team want to select startups for launch on their platform very strictly, not quite clear based on what requirements + avoiding flippers by long-term investments. Also, the team plans to be not only a lunchpad, but also an incubator + they themselves will be a project to ensure confidence for investors (just a very similar story to DAOmaker lunchpad).

2. Transparent lottery and whitelists in the form of NFT

A transparent lottery of tickets for the IDO will be conducted thanks to Chainlink VRF and L1-L2 communication, i.e. Chainlink random digit generator + StarNet scalability = transparency of the drawing. Whitelists will be given out as NFTs, and now if you don’t want to participate — your whitelist is not tied to your wallet — but can be sold on any marketplace as an NFT. And profits from royalties (commissions from NFT sales) the team will reinvest in the community.

3. Creation of ZkPad DAO

The vote will decide which projects can be launched on the platform and where the DAO itself will invest. The voting will also raise questions about storage options and other issues in the development process.

4. Storage and LP Stacking

In order to get the tickets — you will need to steak LP tokens or just ZKP tokens, the more you steak — the more tickets you get, and of course the higher chances that one of these tickets will win. More details will come later.

Allocations to IDO

You will be able to get a ticket by ZKP token stacking or ZKP-ETH liquidity. The main point is that apart from the usual mechanism, where your chances of getting a number of tickets depends on how many and how long you bid — they have added a third parameter ‘ *p* ‘, which will depend on the project, to prevent the whales with the highest number of tokens and LPs from dominating. Example calculation formula:

The system of TIRs (levels)

The essence of the system is that the more tokens you have secured, the more tickets you get.

Tokenomics

Sides and privates get 4 to 6 month cliffs and 10% each on TGE. Edvisors, along with the team, receive a cliff and long vesting for 3 years. Public sale will have vesting for 2 years without cliffs (Lock incentive program).

The team deliberately chose high inflation in the beginning to ensure long-term sustainability. Successful DeFi protocols almost universally implement high emissions to help build community and liquidity.

RoadMap

The first IDOs are planned for the third quarter of 2022, along with an audit and the launch of stacking. The community incentive program is now underway, and sids and privates are closing. Closer to Q4 2022 the DAO will be launched and in 2023 they are already grandly planning a mobile app launch.

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Dmytriiev Petro
Dmytriiev Petro

Written by Dmytriiev Petro

crypto geek from austria @ogpetya

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