How BlockPad Safeguards Investors From Rug Pulls and Scams
British Virgo Island, October 13, 2021 (GLOBE NEWSWIRE) – Regardless of the huge growth in the crypto market, it still lacks investor confidence. This emerging ecosystem is still seeing unexpected racks after the initial DEX offerings (IDO). As a result, hundreds of thousands of dollars, if not millions, are being stolen from investors.
Although young projects with innovative ideas have immense potential in terms of return on investment (ROI), the process of raising funds through IDOs contains little investment protection. Due to the decentralized nature of the blockchain, funds once sent over the network cannot be recovered once robust.
Establishing a very low initial market cap does indeed support the token price, but since token values and market caps are pulled out of nowhere, there is a higher risk of prices falling after DEX quotes. However, investors are also tricked by artificial marketing techniques.
These unbearable risks aside, a crash in token prices frequently occurs as teams sell their tokens or withdraw cash fed to DEXs. Such incidents take place because of the money flowing like water in this lucrative crypto market.
With BlockPad, investors have a vetting platform to distinguish genuine projects from rugs. In order to protect investors, help the market reach new heights, greedy teams, price manipulation and stacking; BlockPad offers two of the most promising DeFi products for token acquisition and liquidity foreclosure.
The multi-chain BlockPad Vault offers an intuitive user interface using which project owners or teams can create acquisition schedules for an infinite number of tokens, even without any prior technical knowledge. They just need to enter the number of tokens and the length of time they want to lock the tokens.
It eliminates mistrust entirely by not receiving acquired tokens after a considerable period of time. Investors will be able to see their tokens acquired through the platform via “Tack My Locks” as well as the total distribution plans, the value of the token and the next unlock time.
Audited by QuillHash, BlockPad Safe has already surpassed ATH TVL by $ 25 million. It will be funded by $ BPAD, a native token on Binance Smart Chain (BSC) with a total supply of 10,000,000. A certain portion of the fees collected by BlockPad Vault will be used to redeem and burn $ BPAD tokens to support its value.
The BlockPad is a multi-chain network of decentralized applications that acts as a gateway to the Web 3.0 ecosystem. It mainly solves the problem of investor confidence in decentralized finance (DeFi) by providing a suite of decentralized and intuitive products with compatibility of multiple blockchains.
It offers a decentralized way to protect investors from a range of projects that may draw cash or sell acquired tokens. On the other hand, projects can leverage its ecosystem, from fundraising to staking applications and cash extraction at token price and liquidity.
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Contact: Govind D.
Email: [email protected]