DegenPad

DegenPad is a IDO platform driven by powerful technologies created by ChainGPT. The project’s goal is to find and make hidden gems accessible to the community by ensuring that incubated projects follow new market trends, especially those with low Fully Diluted Valuations (FDVs). 

Key Features of DegenPad:

• Streamlined IDO process. Platform has been carefully designed for the IDO procedure to be as efficient as possible.
• Community and Insight. DegenPad places a high value on community. Projects marketing strategies are designed to be entertaining and educational, and are overseen by master meme strategists.
• Uncompromising Security. Strong security is underneath a friendly design.

As mentioned on the website, DegenPad guarantees that your product stands out in the DeFi environment by offering full-spectrum support from concept to launch, but our team hasn't found the public proof.

DegenPad platform offers staking $CGPT tokens that give exclusive benefits to the token holders: 

• a greater influence inside the ChainGPT DAO, 
• priority in getting project allocations, and wider access to IDOs. 

Additionally, all ChainGPT Pad staking users will also earn 50% of their staking points on DegenPad, increasing their access on both platforms.

DegenPad tier system is designed to be fair and accessible for all participants. Whether you’re starting with $10 or $20,000, there’s a place for you at DegenPad. 

The tiers are the following:

• Ape (Bronze) Points Required 2,000+: Entry-level tier for all participants.
• Chad (Silver) Points Required 20,000+: Intermediate tier with enhanced benefits.
• Shark (Gold) Points Required 50,000+: Advanced tier for more significant benefits.
• Whale (Diamond) Points Required 200,000+ : Top tier for maximum benefits.

Staking $CGPT tokens is a way of showing users commitment to the DegenPad ecosystem. By staking, holders unlock access to various utilities and begin accumulating points that determine their tier level.

1 staked $CGPT = 1 tier point

Staking is divided into four pools based on time frames, each with its own point multiplier:

• 45 days = 1x multiplier
• 90 days = 1.3x multiplier
• 180 days = 1.5x multiplier
• 365 days = 2x multiplier

 ✅ DegenPad pros:

• User friendly design;
• Low entry barrier for low net-worth investors (from 10$)
• It is tied with the powerful platform and experienced team - ChainGPT Pad; 
• Launching projects has low FDV;
• Has incubation program;
• High Social Influence. 

📛 DegenPad cons:

• Luck of influencers promoting platform and launching tokens;
• No support for projects after their launching; 
• Short network of funds supporting the DegenPad projects;
• Low average ATH & Current ROI of the projects launched on theDegenPad.