BSCPad

BSCPad is a decentralized fundraising platform and the first Initial DEX Offering (IDO) launchpad built for the Binance Smart Chain (BSC) network. Founded in 2021 by Lester Lim, who is also the CEO of the company and a founder at blockchain advisory firm X21 Digital, BSCPad aims to democratize access to early-stage crypto project investments. Other team members have included Ian Friend, Co-Founder of Ferrum Network, and Danish Chaudhry, formerly the Managing Director at Bitcoin.com Exchange.

The platform addresses the challenge where many launchpads are dominated by insiders or bots, making it difficult for average investors to participate. BSCPad implements a two-round, tiered system to ensure fair and guaranteed allocations for its token holders. To participate, users must stake the native $BSCPAD token, which grants them access to one of six tiers: Bronze, Silver, Gold, Platinum, Diamond, and Blue Diamond. The lower tiers (Bronze, Silver, Gold) offer lottery-based participation in 20% of a project's token sale, while the higher tiers receive guaranteed allocations from the remaining 80%. Any unsold tokens from the first round become available in a second round on a first-come, first-served basis, primarily for guaranteed-tier holders.

BSCPad's business model revolves around facilitating token sales for new crypto projects built on the BSC. It generates revenue through the services offered to these projects and by creating utility and demand for its $BSCPAD token. The platform provides a full-service launch, including vetting projects, and through its partnership with incubator BlueZilla, can offer advisory, marketing, development, and legal support. This model provides a streamlined process for projects to raise capital and distribute their tokens while offering investors vetted opportunities. By requiring users to hold and stake $BSCPAD tokens, the platform creates a loyal community and reduces price volatility.

Keywords: IDO launchpad, Binance Smart Chain, decentralized fundraising, token sale, crypto launchpad, BSC, Initial DEX Offering, staking, token allocation, crypto investment, BlueZilla, Lester Lim, X21 Digital, decentralized finance, DeFi, fundraising platform, crypto projects, token distribution, liquidity raising, blockchain