# What is SeaPad? By [Chloe Pham](https://paragraph.com/@chomi101100) ยท 2023-03-21 --- Discover the revolutionary LaunchPad and Defi platform on the Sui Blockchain - SeaPad. It's a decentralized application that combines the two into a single platform, enabling unique ideas to become a reality for project owners and investors. SeaPad primarily focuses on financing for web3 initiatives such as NFT, Gaming, Digital Asset Management, Defi, SocialFi, and others that aid in the transition from web2 to web3. It's a decentralized platform where all projects are sponsored entirely with cryptocurrency, allowing anyone to use the platform from anywhere with any quantity of money (coin/token), and the charge will be almost nil. The platform offers several features to engage users/investors, including staking, exchanging, bridge, and more. Users can access all Defi functions without having to switch platforms. To gain access to the project token sales, SeaPad has a fair process in place for all platform users. The method will be based on a ticket system and supporters who offer value to the initiative. The platform's governance is community-driven, allowing users to propose plans or support them in a vote. The platform's design will be decided by the community. Users can also make money on SeaPad by farming, staking the platform token, or boosting liquidity. SeaPad also adheres to KYC/AML regulations, and project owners and investors may be required to go through the KYC procedure before listing or participating in token sales. The platform has developed a DAO verification system that allows all expert members to join and check the projects, ensuring that they are realistic with clear roadmaps, provide value to users, and contribute to the solution of a social problem. SeaPad's on-chain referential technique is the first launchpad platform on the Sui network to use it. Through the on-chain referral system, users can recommend a friend to join SeaPad and receive a commission that is automatically and openly handled by smart contracts. In conclusion, SeaPad is a platform that allows unique ideas to become a reality and provides ease to project owners and investors. With several features, the platform engages users and makes it easy to access Defi functions without having to switch platforms. The platform's governance is community-driven, ensuring transparency and fairness for all. To check more information about Seapad and another launchpads on Sui Blockchain, refer to: [https://suipiens.com/blog/top-10-launchpads-on-sui-blockchain/](https://suipiens.com/blog/top-10-launchpads-on-sui-blockchain/) --- *Originally published on [Chloe Pham](https://paragraph.com/@chomi101100/what-is-seapad)*