Review PlayPad ($PPAD) – A decentralized financial payment network on the blockchain

PlayPad is a Multi-Chain launchpad for specific projects, regardless of the blockchain used. While current platforms focus on specific chains, PlayPad can host all projects through Ethereum EVM support, regardless of their chain. Read the full article to understand more about it.

Concept project – What is PlayPad?

PlayPad is a decentralized financial payment network that rebuilds the traditional payment stack on the blockchain. It utilizes a basket of fiat-pegged stablecoins, algorithmically stabilized by its reserve currency $PPAD, to facilitate programmable payments and open financial infrastructure development.

The project has the next generation launchpad protocol without not fair tier system for Play2Earn projects on Metaverse. It’s will organize IGOs for VR, Gaming & Play2Earn projects. Multi-Chain supported and fully decentralized.”

Outstanding features

What is the project trying to achieve?

• To provide a financing infrastructure that prioritizes developers.

• To offer new revenue models for gamers and developers.

• To create new marketing models for developers.

• To empower developers and players through the token ecosystem and prize pools.

What is unique selling point?

The project differs from other funding projects in some ways. It will allow independent game developers to sell in-game assets as NFT’s. In this respect, it creates new fundraising areas for project owners.

• New Burning Model: Each deposit made on PPAD’s own staking and farming platform has 7 days to withdraw with impunity. If want to break the stake within 7 days after depositing, will pay a 10% penalty. The 10% deposited amount will be sent to PPAD’s commission wallet and all accumulated PPAD will be burned regularly every 6 months.

• New Penalization Model: If want to withdraw staked PPAD tokens within the first week of the deposit period, will be charged a 10% penalty. Penalties are calculated and sent by smart contracts. To avoid any penalty, must wait 7 days. This way, ensure commitment to staking and farming.

• Paired Staking Pool: PlayPad’s own staking & farming platform won’t just be a PlayPad pool pair. Process of making agreements with top NFT projects on the BSC network and creating paired pools. This will enable deposit of PlayPad and receive other tokens that are in partnership with PlayPad as a reward. To open a pool parity on PlayPad and other partnerships.

It is the first IGO platform for VR Gaming & Play2Earn projects in metaverse, multi chain supported, and fully decentralized. PlayPad supports unique tier allocation.

PlayPad was originally launched on BSC, fundamentally based on Binance Smart Chain’s high performance and low transaction fees, hence PPAD token will be created on BSC.

3 points that affect this;

• Transaction Speed
• Transaction Price
• Interoperability
• Ethereum EVM Support

Allocation model

Duration: In ordinary IDO participation models, only the staked amount is effective. It will be effective for as long as you stake in the DQ Staking model

Quantity: In Standard Tier Systems, the only effective factor is the amount of staked tokens.In DQ Allocation Systems, the staking day is also very important, as well as the amount of staked tokens.

Stake: Based on the token staked and the time it is staked in the DQ Allocation model, you will also receive income from PlayPad’s reward pool.

Day and Quantity model Allocation System

In most known Tier systems, only the number of tokens staked by each participant is taken into account to take part in an IGO.

In our DQ Allocation system, the day staked is as important as the number of tokens staked.

Hence, the rights to participate in our IGO’s:

(Staked Token X Staking Time = IGO join order)

RoadMap

• ⛰ Epics are large overarching initiatives.
• ????‍♂️ Sprints are time-bounded pushes to complete a set of tasks.
• ???? Tasks are the actions that make up epics.
• ???? Bugs are tasks to fix things.

Technical data

Key metrics 

• Token name: PlayPad
• Ticker: $PPAD
• Blockchain: Binance Smart Chain (BSC)
• Token standard: Updating…
• Contract: 0x75ef23f0205bc8dade246e9e8beb2f0a1bf8184f
• Token type: Updating…
• Total supply:  100,000,000 $PPAD
• Circulating supply: Updating…

Token allocation

Token use case

• Moving away from the uniform standardized model for IGO participation
• Instead of limiting the chance of participation only with the number of staked tokens and preventing fair distribution, investors’ stake time also plays an active role in distribution.
• Ordinary Tiers models define investors’ chances of participation relative to those who stake in a given period of time. This situation causes post-IGO projects to be sold. With the DQ Allocation model, staking time will reduce post-IGO sales pressure, as it increases chances of participation.

Token sale

Updating…

How to own the token?

Updating…

Markets and Community

Markets

According to the planned development process, PlayPad will allow the development of the NFT market in the gaming world and users to sell their Valuable NFT collections at the price they deserve.

Community

PlayPad has crossed the mark of 77,000 Followers on Twitter.

Backers

Team/ Founders

Updating…

Partners

Conclusion and analysis

PlayPad is a results-oriented solution mainly for Multi-Chain-focused Gaming and NFT Projects, bridging the new method of fundraising between EVM-based blockchains. In addition to Blockchains, Chains such as SOLANA and CARDANO, which have become popular recently and host large projects, will be added in the future. PlayPad will be able to support many networks via parachain in the future.

Find more information about PlayPad:

Website: https://playpad.app/

Twitter: https://twitter.com/AppPlayPad

Telegram: https://t.me/playpadcommunity

If you have any questions, comments, suggestions, or ideas about the project, please email ventures@coincu.com.

Elise

Coincu research