Shootpad is a decentralized accelerator and incubation platform, connecting early stage innovators and projects with our community of investors. We will provide $SHOOT holders early access and guaranteed allocation to seed rounds, presales and private sales of projects incubated and accelerated on the Shootpad platform. $SHOOT is a reflection utility token that will act as the launchpad hub for powering all the transactions in the Shootpad ecosystem. Shootpad platform will get the best deals from the best projects for $SHOOT holders and launch these high growth potential projects, empowering them with all the resources required for unprecedented growth.
Investors who stake $SHOOT on the Shootpad platform will earn tokens from IDOs being incubated on the Shootpad platform. Rewards will be distributed in the proportion of $SHOOT staked in the staking smart contract by an investor. In short, investors who stake $SHOOT will get tokens of IDOs incubated on Shootpad without investing a single penny more. This is a revolutionary idea that will generate unlimited wealth for $SHOOT token holders. Shootpad platform will comprise of the following building blocks:
- Cardano Native Tokens: Become one of the early birds within the Cardano Ecosystem.
- Multi-Chain Support: Decentralized multi-chain fundraising platform empowering Defi, metaverse, NFT and gaming projects to raise capital regardless of the Blockchain.
- Project Endorsements: Ability to support your favourite projects and gain rewards.
- Private/Public sale options: Facilitate various types of fund raising.
- Staking & Yield Farming: $SHOOT Token Holders can earn passive income by staking their $SHOOT tokens to earn more. Token holders can be able to stake their tokens to farm more tokens or stake their tokens to be eligible for exclusive NFT drops. It works as follows; ShootPad token holders are enabled to endorse any of the new projects that are live on the IDO launchpad. Meaning that it is a similar solution to staking. The size of the stake is determined by the amount of ShootPad Token allocated. Rewards are paid out after each investment
transaction that the project receives.
- Shoot Insurance Treasury: Each project that launches through our platform will contribute to Shoot Insurance Treasury, providing investors in our community a sense of financial protection against potential project failure. Each project that uses Shoot IDO Launchpad to raise capital will have to buy and lock $SHOOT in the Insurance Treasury. This will be a percentage of total amount raised by the project in the IDO and will be decided in consultation with the project teams. Once all milestones defined by project team are met, funds will be unlocked from the treasury and reimbursed to the project team.
$SHOOT tokens held in Shoot Insurance Treasury will continue to accrue IDO tokens and this will act as the second layer of protection for $SHOOT investors. Shoot Insurance Treasury is the most critical risk management feature of the Shootpad platform to safeguard $SHOOT investors' interests. Our Insurance treasury has been established to protect investors of projects that fail as a result of team negligence. Market infuence and other extraneous forces are not subject to insurance protection.Shoot Insurance Treasury is the most critical risk management feature of the Shootpad platform to safeguard $SHOOT investors' interests. Our Insurance treasury has been established to protect investors of projects that fail as a result of team negligence. Market infuence and other extraneous forces are not subject to insurance protection.