SuiPad Launchpad Introduces Shield Feature to Protect Participants' Principal Capital
SuiPad welcomes all great projects from other chains to build on their platform, providing a comprehensive solution with their partners, including MystenLabs, in tech stacks, code reviews, legal, audit, marketing, and product development support. SuiPad also offers a Zero-fee Launchpad for tier 1 projects. However, participating in Launchpad Initial DEX Offerings (IDOs) can be a high-risk activity for investors. To address this, SuiPad has introduced the SuiPad Shield, an insurance feature that protects users' principal capital against market volatility. When participating in an IDO, users can choose to add 15% of their invested funds to buy insurance. The insurance fee is then sent to the SuiPad Shield Pool, which covers any potential loss of the user's principal capital for the next seven days. If the average peak price is lower than the IDO price on the seventh day, the SuiPad Shield Pool will cover the difference. On the other hand, if the project performs well, the user...