AMA Recap Crypto Library with PADD Finance

                                          

On 09th September 2021, PADD conducted an AMA in the Crypto Library Community. Our guest is Alex Jaypee. Lots of questions as usual from the Community about PADD progress. The PADD team took part in a very interesting AMA session which included introductions, questions from twitter, and a live AMA session with the Crypto Library community. If you missed the AMA in person, read this recap for a deeper insight into PADD.

Let’s take a look at the most interesting points of our conversation. 

INTRODUCTION
Crypto Library Team : So, before we start the AMA could you please introduce yourself to our community?

Alex Jaypee (PADD) : I am Alex Jaypee! I am a serial technology entrepreneur who has encountered many successes as well failures in his entrepreneurial Journey. I founded and worked in different sectors which include Media and Data intelligence, Edutech, Fintech and Alternative to Finance. I have over 6 years of Top Management Experience including leading and running a high flying startup. I have been involved in blockchain since 2017 and I have been opportuned to work with as a consultant and in the core team of several projects which include Elesaro, Konomi Network,Launchpool, DragonBite, Apricot and Refinable. I also work with Top UK projects like Baanx. I have been DEFI -ing(defying) all odds since 2017.
FIRST SEGMENT (HOST)
Crypto Library Team : What is PADD Finance? and how your team can create this project?

Alex Jaypee (PADD) : Padd is the community Launchpad Ecosystem for Kucoin Community Chain Projects. Our mission is to accelerate and grow the KCC ecosystem while ensuring that our community members gain fair allocation access to mouthwatering pre-sales in the innovative project listed on our platform. Our Ecosystem consist of : Padd Launchpad(PLP), Padd Swap and Padd Launchpad. How My Team Intend to Create Padd? Padd Finance is built on Kucoin Community Chain. We intend to build Padd in a very unique way - that involves inclusion hence minimizing the marginalization of minions which seems to be a regular occurrence in the launchpad space. Our team is made up of strong Professionals who have over 4 years of hands on experience in the blockchain space.

Crypto Library Team : What features and products does PADD Finance want to offer? And why should we choose PADD Finance?

Alex Jaypee (PADD) : Padd’s ecosystem is robust hence the reason we have a vast feature for our ecosystem members to leverage on. Our ecosystem consist of the following:
  • Padd Launchpad(PLP): PLP uses the Staking Allocation System to give users who staked access to invest in pre-sales and private rounds. Our platform drives inclusion with our staking allocation system by ensuring that every user who indicated interest in a project by staking receives a fair allocation.
  • Padd Swap: A smart and easy way to swap tokens that are listed on our platform.
  • Padd Launchpad: Our incubator labs for KCC based projects. This is where we incubate and vet projects.
Why you should Choose Padd Finance?
  • A Unique Launchpad allocation system called Staking allocation system. The favours individuals who stakes for a longer period of time - hence giving them more allocation compared to those who stakes for a period of time.
  • A fixed token supply with a built in deflation mechanism - 5% of our revenue will be used to burn our token hence triggering scarcity and increasing token value.
  • A Visionary team that has committed to locking its team token for 1 year.
  • Padd is a KCC grant Finalist project - we are backed by the Kucoin Community Chain!
  • Strong Partnerships: Our partners are on of the strongest in the ecosystem. Our next partnership is in terms of NFT!
Crypto Library Team : Please tell us about $PAD token! What are the token use-case, distribution, and where we can buy it?

Alex Jaypee (PADD) : Padd token has a fixed supply and is deflationary in nature. Total Fixed Token Supply: 300,000,000. However you can see full tokenomics in our litepaper which is here:
5% of the revenue generated monthly will be used to burn the token. 20% of the token is reserved for the maintenance and growth of the ecosystem. TOKEN USECASES: 
  • Stake to Invest: Our community users stake our token for a period of time in order to gain an allocation slot to invest in the token.
  • Staking: Token holders can stake our token in order to gain ROI.
  • Invest: Payment for the allocated pre-sale/private round slot will be made in $Pad token.
  • Nomination: Holders of $Pad token will be given the opportunity to nominate projects that will be listed on our platform. The Analysis Team vets the project and lists it.
  • We are also working on a partnership with NFTs Realms to enable Padd token holders to Mint, sell and buy NFTs.
Where to Buy Padd Token? We are currently carrying out our Pre-sale. You can apply for whitelisting through the link: https://forms.gle/EVVBKmfq2bhNt9rY8. We will be listing on a DEX come 28th September 2021.

Crypto Library Team : Could you give us some information about your roadmap, your milestones, and also your future plans?

Alex Jaypee (PADD) : Our Roadmap is an ambitious but achievable one. A brief overview of our roadmap includes the following:
Q3 2021:
  • Community Growth Kickstarts.
  • Launch project landing page and white paper release.
  • Token Smart Contract deployment.
  • Ui/Ux Design for the platform
  • Launch of PresaleX (Our Pre-IDO as a service platform)
  • Private round, Marketing and IDO. - Our pre-sale is kicking off tomorrow and users can join to be whitelisted by joining our Telegram group - https://t.me/paddFi and filling in the doc form which will be released soon
  • Partnership Establishment
We have already achieved 70% of our goal in Q3 and we are likely to achieve more than that. We are already in partnership with Premium Block a, Elven coin, Krosschain Launchpad and Shibance and we are sponsored and backed by the Kucoin Community chain. We want our project to be validated by Kucoin. We won’t stop until we get fully recognised. In Q4, we will be launching our Launchpad while introducing top notch products built on KCC into our platform for our community users to invest in its private round/pre-sale. Subsequently, we will also launch our Pad Swap and Pad Labs in the upcoming Quarters. It’s all stated in our Litepaper(https://padd.finance/download/215/).
SECOND SEGMENT (TWITTER)
Crypto Library Team : They say on their website that Padd finance will be in charge of selecting the best projects, observing that they have both good functionality and participation and investment, but I would like you to tell us about what your criteria will be for choosing the projects?

Alex Jaypee (PADD) : Due to the rate at which rug pulling occurs in the ecosystem - our analyst and vetting will be extremely strict while vetting projects. Some of the criterias we look out for before listing a project our platform includes the following:
  • The Capacity of the Team Behind the Project.
  • The Project Idea, how feasible the idea is and its potential
  • The community backing of the Project
  • The institutional backing of the project
  • The Technology and the Security Behind the Product being introduced by the project.
Crypto Library Team : Launchpad $Padd ecosystem consists of launchpad, swap and labs and has the most prominent feature is the Staking Allocation System (SAS). What distinguishes SAS from other staking? What are the prominent advantages of the Staking Allocation System (SAS) over others?

Alex Jaypee (PADD) : Staking Allocation System is a state whereby users are given allocation based on the duration of staking hence reward users who hold and stake the token for a longer period of time compared to users who stake it for a short period of time. While everyone who indicated interest in our project will receive an allocation - users who staked for long are prioritized in terms of allocation percentage. Our system is different from other staking system in the sense that they are limited to allocation staking tiers within a specific period of time - however ours encouraging long term staking - upto 3 years hence ensuring that users of the project are believers in the project while driving inclusion and fair allocation of pre-sale allocation slot.

Crypto Library Team : Padd finance investors can only participate in projects based on Kucoin, have they considered that this could be a limitation that delays their expansion process?

Alex Jaypee (PADD) : We have considered this. We have a strong strategy that will enable us to tackle this particular issue - We plan on Incentivizing top projects to launch KCC versions of their token which will be pegged at 1:1 ratio of their original token. This not only serves to help our project but it also helps us grow the KCC ecosystem which is part of our core mission.

Crypto Library Team : Partners are very important for every project today, may I know which partners you have now? And which partners in the future you will be heading to?

Alex Jaypee (PADD) : We have strong Partners which includes Kross Chain Launchpad, Shiba Inu (Shibance), Kcc(Our sponsors), Blockster, Elesaro Protocol, Cresthub(Our Media Partners) and Kcc daily (Our Media partners). Our Future Partners will be in the area of NFT.

Crypto Library Team : NFT is getting more popular now a days. It looks NFT has bright future. So do you guys have any plan to include NFT to your project?

Alex Jaypee (PADD) : NFT is an interesting concept and of course is the Buzz of the moment. Yes! We have a strong plan of delving into the NFT market - This we plan on doing through partnership - we are intalks with NFTs Realms to ensure that Padd Token holders can mint, buy and sell NFTs with our token.
THIRD SEGMENT (LIVE QUESTIONS) 
Crypto Library Team : Nearly 80% of investors only focus on short-term token price instead of understanding the real value of the project. Can you tell us the motivations and benefits for investors to hold your tokens in the long term?

Alex Jaypee (PADD) : A padd token holder is opportuned to gaining access to pre-sale and private sales of top project launching on our platform - that is a motivation enough to to hold the Padd token for life!

Crypto Library Team : NFT is really a hot topic in the cryptocurrency market now. So how is your project planning to develop NFT then how is your project planning to integrate it with DeFi?

Alex Jaypee (PADD) : During the AMA - I stated that we are already in talks WITH NFTs Realm to ensure that our padd token Holders can mint, sell and buy NFTs using $Padd.

Crypto Library Team : What is the most ambitious goal of your project? What is the ultimate vision that Your project is trying to achieve within the cryptocurrencies market? I would appreciate it if you could share with us any Upcoming Updates?

Alex Jaypee (PADD) : To hit a Crypto-Corn Status while serving and making our token holders happy!

Crypto Library Team : Are you planning to promote your project in countries / regions where English is not good? Do you have a local community for them to better understand your project?

Alex Jaypee (PADD) : We are building for the global community hence the reason why every Nuke and Crannies of this earth is important to us. We have different local communities and they include the following:
We plan on developing more local communities as we grow.

Crypto Library Team : Do you have Whitepaper if yes please share it with us and secondly do you have plans for pre-sale? Where can we join it?

Alex Jaypee (PADD) : Here is a copy of our Litepaper: 
Yes! Our Pre-sale is on going - Users can apply for whitelisting through the link below: 
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