Iotexpad — The first launchpad to be built, launched and powered by IoTex
In order to understand the beauty of Iotexpad, let’s first take a step back to understand the Iotex ($IOTX) chain that it is built on.
The IoTeX platform is not built on Ethereum but is completely compatible with the Ethereum Virtual Machine. That means that IoTeX works seamlessly with other chains in what is the most reliable, widely used set of protocols for smart contracts in use today. IoTeX is also said to be a lightning-fast, ultra-secure, and highly scalable blockchain platform, without the escalated gas fees associated with Ethereum.
The popularity of Iotex can be affirmed by the fact that the number of IoTeX users has grown 4,600% in Sep/Oct 2021. The Iotex ecosystem is also rapidly growing and Iotexpad has joined that list, being the first launchpad to be built and launched on the Iotex network in Dec 2021. Given the rapid number of projects building on Iotex right now, Iotexpad seems to have timed the market really well, to offer a safe, secure and transparent platform for both projects and investors alike.
Source: Iotexpad website
The native token of Iotexpad is $TEX, which needs to be staked in order to attain a tier to participate in its IDOs. There are 5 tiers and its requirements can be seen below. The minimum staking period begins 4 hours before the allocation rounds open. This gives investors sufficient time to accumulate the $TEX tokens prior to the start of the IDO. All tiers follow a weighted system and offer a guaranteed allocation to everyone who has staked.
Source: Iotex website
The platform is currently in beta launch and they expect their public sale to commence on their very own Iotexpad website in early December. If you would like to get your hands on some of these $TEX tokens to prepare for upcoming project IDOs, be sure to follow their socials below.
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