TrustPad is an IDO (Initial Dex Offering) platform that allows new crypto projects to raise funds and launch their token. The platform offers an early investment opportunity in high-quality projects in a fair and transparent manner to its users. It is currently running on Binance Smart Chain and plans to integrate Solana, Polkadot, and Cardano by Q4 2021.
The Trustpad project code is fully audited by Certik and QuillAudits. The platform has its native token ($TPAD). TPAD holders need to stake their tokens to take part in IDO’s. Depending upon the staked TPAD tokens, the platform categorizes investors into various tiers with each level holding different benefits and allocations.
In this article, we will explain where you can get the $TPAD tokens, what the prerequisites to participate in TrustPad IDO are, and how you can participate in it.
Get The TPAD Token
You can get the TPAD tokens from any of the below platforms. Check the complete list here.
You can easily get the TPAD token from Pancakeswap with
Contract Address: 0xADCFC6bf853a0a8ad7f9Ff4244140D10cf01363C
The TrustPad platform categorizes investors into multiple categories depending upon the amount of TPAD tokens they are staking. The tiers start from 3000 TPAD and go up to 185k TPAD tokens.
The first three categories i.e CHANCE, PROSPECT, and AFFILIATE fall under lottery whereas the rest have an allocation guarantee.
Stake TPAD For IDO Participation
As mentioned earlier, users must stake TPAD tokens to participate in any IDO happening on the TrustPad platform. This makes their token important as a tool to access other investments.
To stake your TPAD tokens, go to the Levels page, and connect your wallet.
The platform allows you to connect with any of the below wallets:
- Trust Wallet
We are connecting with Metamask wallet with the network selected as Binance Smart Chain (BSC).
Now simply lock your TPAD tokens.
As you can see from the above screenshot, we have already locked 15,070 tokens and belong to the tier MEMBER.
How To Register For An IDO
To participate in any upcoming IDO on the TrustPad platform, users must register in advance. This process will lock your staked TPAD tokens for 5 days. Note that there are no pre-staking criteria for participating in an IDO.
The IDO registration window generally opens 48 hours before the IDO sale starts and closes 6 hours before the sale starts. So, if you want to take part in any upcoming IDO, be alert and register for it within the time frame.
You can see the list of future IDO projects in the Upcoming tab. Now check whether its registration has opened or not.
As you can see from the below screenshot, the registration for the reBaked project has started.
To register for this particular project, click on it.
You will find the Register in IDO button (see screenshot below). Click on it, and this will trigger a Metamask transaction that you need to confirm.
You can check the mandatory details about the launching project here.
Once you confirm the transaction, you will see your registration status and allocation guarantee as per your tier.
Note that for Rebaked, the IDO will happen in the BSC network, and the Polygon (Matic) network will distribute the tokens.
How To Participate In An IDO
In this screenshot, the StrongNode sale will start within a few seconds. We have already registered for it.
As per our tier, we can claim approx 21,751 SNE tokens. The token pair depends on where you can buy the allocated tokens. Since the platform is now operational on the BSC network, it will be funded by $BUSD.
We have enough BUSD tokens in our wallet to claim our allocated $SNE tokens. Users are now required to first approve the spending of $BUSD tokens by clicking on the Approve button.
This will trigger a Metamask transaction that you need to confirm. After confirmation, you can proceed with buying the tokens. Complete the process to claim all the allocated $SNX tokens.
FCFS (First Come First Serve)
If the pool is not filled 100%, then the FCFS round will open 1 hour before the sale end. This round will consider all the stakers who have staked any amount including those who did not register for the IDO or the wildcard participants who did not win the lottery.
All participants except the whitelist winners will get an additional allocation on top of their level of allocation. Non-registered stakers or stakers who did not win the lottery will get 1x level allocation, whereas the other stakers will get 0.5x level allocation. You can check the base allocation from the pool details.