# Suipad

By [imhotep](https://paragraph.com/@imhotep) · 2023-04-01

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SuiPad is the first IDO & INO platform built on Sui, the first permissionless Layer 1 blockchain that will cater to the next billion users in web3. SuiPad will introduce **decentralized fundraising**, **$SUIP token staking** and **governance voting** to the Sui ecosystem.

`Suipad Features:`

**Easy IDO Launchpad**

Eligible participants will have 48 hours to commit the USDC / SUI to the IDO pool and get tokens automatically after IDO ended, at the same high priority is given to both UI and UX, particularly targetting newbies

**Sui Tank**

The Web3 Shark Tank. 6 panelists ready to grill the project owners from ground up so that participants can see the real deal behind every projects, eliminating the camouflage that most projects tend to do nowadays.

**SuiPad Shield Insurance**

An innovative insurance feature to safeguard participants' principal capital, tailoring to everyone's risk appetite

[Initial Sui Offering](https://docs.suipad.xyz/suipad/initial-sui-offering)

1.  Zero fee launchpad for promising projects
    
2.  Zero fee from projects migrating to SUI from other chains
    
3.  Legal and Audit Support
    
4.  marketing and KOL Campaign
    

[Shield Insurance](https://docs.suipad.xyz/suipad/suipad-shield)

Currently in the market, most launchpads/IDO platforms do not have protection in place to safeguard users' principal capital against volatility when investing in newer crypto projects, making it an extremely high risk activity for IDO participants.

Suipad has engineered an Insurance feature to protect the user's principal capital. For example, if a user buy the IDO round of a launchpad project, the user can choose to add 15 % of invested funds to buy insurance. The insurance fee will then be sent to the SuiPad Shield Pool. The SuiPad Shield Pool will then cover any potential loss of the user's principal capital for the next 7 days - on the 7th day since the IDO launch, if the average peak price is lower than the IDO price, the SuiPad Shield Pool will cover the differences to the user, so the user's principal capital is well protected. On the other hand, if the project does well, the user's return will be infinity% - 15% paid in insurance costs.

[Token information](https://docs.suipad.xyz/tokenomics)

**Type:** Sui Token on Sui Network

**Ticker:** SUIP

**Total supply:** 100,000,000 SUIP (fixed)

**Token contract:** TBA

**Initial circulating supply:** 10,100,000 SUIP **I**

**nitial market cap:** $606,000 USD

**Private sale price:** $0.02 - $0.03 USD **Public sale price:** $0.05 USD

\*\*\*Whitelisting

Complete crew3 tasks to participate in IDO and Private sale: [Join here](https://crew3.xyz/c/suipadxyz/)

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*Originally published on [imhotep](https://paragraph.com/@imhotep/suipad)*