The Time Has Come
We are excited to announce that TPAD 2.0 will launch on Monday, November 13th, 2023 at 15:00 UTC.
Besides being super excited, we want to make sure that you are aware of all the details for the upcoming TPAD 2.0 token.
Please read about all the benefits of a migration to TPAD 2.0 here: https://medium.com/@trustpad/tpad-2-0-token-migration-dao-vote-af311a37a2de
Now let’s summarize all the launch details to be ready for tomorrow’s launch:
TPAD 2.0 Token Details
- Token name: TrustPad 2.0
- Token ticker: TPAD
- Token supply: 1 Billion (1,000,000,000)
- Network: BNB Chain
- Decimals: 18
- Tax: No tax mechanism. No buy, sell or transfer taxes.
- Contract address: TBA
TPAD 2.0 Launch Details
- Listing time: Monday, Nov 13th, 2023 at 15:00 UTC
- DEX: PancakeSwap V2
- Network: BNB Chain
- Listing price: $0.01
- Circulating supply: 6.25M TPAD (0.625% of total supply)
- IMC (initial market cap): ~$62,500
- FDV (fully diluted valuation): $10M (not including the burn amount that is expected to be ~30% of the token supply)
Please note: A total of maximum 6.25M TPAD tokens will be available on launch (circulating supply), hence the low initial market cap.
Tokenomics and Distribution
Distribution will more or less mirror the pre-exploit TPAD 1.0 holdings (wallets).
Allocation distributions will be the same, just 10x more, due to the increase of the max supply from 100 Million to 1 Billion. However, the tokens have to be claimed, they will not be airdropped.
More details about the claiming and the snapshot details will be announced in the next few days.
Please note: ~95% of the TPAD 1.0 tokens had already been distributed at the time of the exploit.
Please note: A total of maximum 6.25M TPAD 2.0 tokens will be circulating on launch, hence the relatively low initial market cap.
Please note: Over 70% of the circulating supply of TPAD 1.0 was locked in the IDO staking pools. Locked for an average of 400 days.
How to Claim TPAD 2.0
The distribution and claiming starts 14 days later on Nov 29th, 2023, 12:00 UTC.
The claiming window will last 35 days from its start. Deadline: Jan 3rd, 2024, 15:00 UTC
Claiming window: Nov 29th, 2023, 12:00 UTC — Jan 3rd, 2024, 12:00 UTC
All the unclaimed tokens will be burned after the claiming window closes.
The eligibility rules are to be determined, but the eligibility pertains to the TPAD 1.0 tokens that were in wallets or locked in the staking contracts.
TPAD 1.0 tokens in the locked IDO staking pools pre-exploit will remain locked in TPAD 2.0.
Snapshot — Post-Exploit
It is a delicate process to decide what is the fairest way to deal with the snapshot and decide the compensations for the users. Multiple factors will be combined and the final compensation model should be fair to those who did not sell anything, refrained from buying due to the exploit or engaged in buying the dip. We will also take note of the fact that we strictly announced not to trade TPAD.
The Big Burn Event 🔥
The Big Burn event will take place on January 3rd, 2024.
This means that all the supply that is left unclaimed after the claiming window closes — will be burned, hence increasing the relative size of each wallet. According to our own chain analysis, about 30% of the total supply is predicted to be burned and taken out of circulation permanently.
The final number will be revealed after the claiming window closes.
Save the 🔥 date.
“Lost coins only make everyone else’s coins worth slightly more. Think of it as a donation to everyone.” — Satoshi Nakamoto
Audits — Security First
We will be working with third-party tier-1 smart contract security firms to strengthen our security for TPAD 2.0 — by creating sure-fire, multiple-times audited staking contracts and delivering other industry-leading practices in protecting our users.
Even after the Big Burn event — deflation will be a core function of TrustPad 2.0. TPAD 2.0 tokens are set to be actively burned to reduce total supply using various powerful burning mechanisms. It will be one of the core mechanisms to sustain long-term value for the $TPAD 2.0 token.
More about this very soon.
CEX and Further Listings
A CEX listing and a DEX listing on Uniswap V2 (Ethereum) are supposed to take place in Q1 2024.
1. Nov 13th, 2023 — $TPAD 2.0 contract deployed.
2. Nov 13th, 2023, 15:00 UTC — $TPAD 2.0 launch.
3. Nov 29th, 2023— The claiming starts. The claiming window will last 35 days. All unclaimed tokens will be burned after the 35-day claiming window.
4. Jan 3rd, 2024— The Big Burn event. All the unclaimed tokens will be burned.
5. Welcome to TPAD 2.0 — A new era has started.
See You on the Other Side
Now it’s countdown time. We can’t wait to start this new and exciting phase of TrustPad. More updates will come frequently after the TPAD 2.0 launch.
If you have any questions, please reach out to us on our Telegram.
Thank you everyone for your love and support!
One thing is sure; TrustPad will come back stronger than ever.
TrustPad has been founded to aid the growth of the blockchain ecosystem in a safe and sustainable way. TrustPad is proudly partnered with Momentum 6, AU21 Capital, GD10 Ventures, BlockSync Ventures, X21 Digital, Wealth Union, Twin Apex Capital, 4SV, Tokenova Capital, eXnetwork Capital and many more.
TrustPad is different from other launchpads. A ‘quality over quantity’ approach ensures that projects launched through TrustPad have real long-term value. This will provide the TrustPad community with sustainable development, attracting a larger community for both $TPAD and the projects launched on the platform.