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With the ETF effect driving Bitcoin to continually break previous highs, this further propels the market towards a bull run. In fact, in every bull market cycle, numerous new projects emerge, accompanied by a plethora of assets entering the market. How to assist these assets and projects in achieving better launches becomes crucial.
After DeFi Summer, LaunchPad platforms have become the optimal choice for many projects. Compared to CEX, they not only have lower startup costs and thresholds but also are more flexible and inclusive of community participation, with projects and users at the core. We've seen in the previous market cycle the emergence of LaunchPad platforms like Daomaker and Raydium, which provided momentum for industry development and became unicorns. In the current market cycle, the narrative direction and development trends of the industry are undergoing new changes, and the LaunchPad race is also experiencing a new round of reshuffling.
PenPad on Scroll is a platform we highly favor in the LaunchPad field. Compared to other LaunchPad platforms, PenPad has made some innovative designs and inherited various technological advantages of Scroll. It delves into privacy and compliance, aligning with the new development trends of the crypto industry. Moreover, with deep support from Scroll's official platform, PenPad is even regarded as part of Scroll. It is expected to be a significant gateway for numerous assets to join the Scroll chain, considering Scroll's current massive valuation of $4 billion. PenPad will have a solid foundation of value and is poised to become a new unicorn in the LaunchPad field.
Overview of PenPad Product Features
PenPad is a LaunchPad platform built on Scroll. With the support of Scroll's zk technology capabilities, it introduces a range of features not found in other LaunchPad platforms, including "human proof" identity login, scalability achieved through Scroll's zkEVM, privacy and compliance tools for integration with RWA and other applications, and support for compliance based on zk for tokenization launches of more traditional assets. On this basis, PenPad also provides long-term support for developers.
PenPad provides developers with a toolkit of Zk solutions, allowing them to integrate PenPad platform features into various dApps. These features include:
Privacy based on zk
Privacy is particularly crucial for blockchain scalability. In fact, most blockchains cannot provide privacy effects, which limits the assets launched by many LaunchPad platforms. PenPad, based on Scroll's ZKP scheme, can achieve privacy based on ZKP, providing a foundation for the launch of RWA assets by traditional enterprises through LaunchPad and seeking new business models.
Cryptographic compliance
In addition to privacy, PenPad will provide compliance tools so that Web3 projects can integrate with real-world applications and services. For example, PenPad integrates "custodians" and "filters" designed to detect and prevent illegal fund transfers. Projects can comply with consumer protection laws to protect user data and comply with anti-money laundering regulations or other laws. This also provides a foundation for deep integration of Web3 projects with Web2 elements.
Innovative LaunchPad system
PenPad innovates the launch platform scene with the innovative "Initial Progressive Ownership" model, surpassing traditional fair launches. By introducing the PenPal points system, it ensures that active contributors are recognized and rewarded, fostering a sense of ownership and commitment. The platform empowers users to earn token distributions by accumulating PenPad points, adding an extra layer of participation and reward for active community members. This not only enhances the gaming experience but also strengthens the integrity of projects towards their early supporters, ensuring their involvement over a longer period.
Account abstraction
PenPad authorizes developers to utilize account abstraction in their dApps. By having user accounts act as smart contracts, developers can integrate complex logic and automation into their applications. This capability allows for more dynamic user interactions, MPC security features, and a smoother user experience. Account abstraction can also be combined with other zk features to enhance privacy and compliance on-chain.
Flexible yield farming system:
PenPad is a multi-revenue platform that, in addition to providing modular Launchpad, offers various revenue strategies for all types of projects, such as leverage yield farming or revenue insurance pools, in the most suitable way for their needs. Flexible revenue strategies are important tools for both developers and investors.
Gateway to Scroll
PenPad is an integral part of the Scroll system and will also be the ideal location for various projects to launch on Scroll, even a necessary one. It is not only the most important value oasis on Scroll but also an important infrastructure for the positive value flywheel formation of the Scroll ecosystem and various ecological projects.
Token status of some top LaunchPads
We see that the market capitalization performance of major LaunchPad tokens still lags behind other tracks, indicating that the LaunchPad market has not yet experienced a real explosion. The root cause lies in the limitations of LaunchPad itself in design and functionality, which limits the scenarios it can encompass.
The new round of growth in the crypto market brought about by ETFs has attracted more and more funds and users from traditional fields into the industry, presenting a rare opportunity for the crypto industry. Therefore, LaunchPad platforms that are more inclusive and can be combined with traditional business scenarios have greater development potential. From this perspective, PenPad, with its technological and functional advantages, is no longer on the same level as other LaunchPad platforms.
On the other hand, in terms of token utility, most LaunchPad platforms confine the application scenarios of tokens to rewards, payments, management, and ecosystem participation, and the range of value capture of tokens is limited to within the platform or the industry. The PDD token launched by PenPad further enriches the asset's application scenarios through in-depth research and innovative token utility models, enabling PDD assets to be deeply seamlessly integrated with many Web2 scenarios and capable of capturing value from outside the industry.
Therefore, the PDD token itself has a more solid value foundation, and its development potential is extremely high. Its future market valuation is more imaginable, and PenPad is expected to be the first truly explosive LaunchPad ecosystem in the new crypto era. |
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Post time 24-3-2024 13:29:53
