TronPad Research
I first heard about TronPad a couple of weeks ago through BSCPAD
I was lucky enough to be in the presale of BSCPAD right back at the beginning when there were no launchpads on BSC and BSC itself was something most people expected not to go anywhere
I still hold enough BSCPAD tokens to get some allocation for their IDOs and have sold some of my tokens at an average of a little under 200x from the presale price (it peaked at over 300x)
So obviously, when I see they are talking about launching a new Launchpad on Tron — I pay attention
WHAT IS TRONPAD?
💢#Tronpad Official Links:
▪️Website: https://tronpad.network/
▪️Medium: https://tronpad.medium.com/
▪️Telegram: t.me/Tronpad
▪️Telegram Ann: https://t.me/Tronpadannouncements
▪️Twitter: twitter.com/Tronpadofficial
They claim to be the “only Launch Pad fully backed by the TRON network” and there is a statement apparently from Justin Sun on their website
I did try to find out when/where this was said and whether it was in fact said by Justin Sun and while I couldn’t verify that, it is quoted at greater length in several articles, including:
and
I checked into Justin’s Tweets and can’t see he Tweeted about TRONPAD directly, nor is he following TRONPAD on Twitter
However I don’t necessarily believe that’s a red flag — if he has a stake in it himself (which I would think is likely) he probably wants to keep a semblance of distance for compliance reasons
At this point there is no way he doesn’t know about the project and I’m sure he would have publicly disowned it if he hadn’t made the statements, no?
HOW WILL TRONPAD WORK?
“WHY CHOOSE US?
Following the success of BSCPAD, the BSCPAD Team has partnered with Tron to bring its popular low barrier to entry IDO solutions to to the Tron network that will incentivize and reward all token holders in a way that is inclusive and fair.
One of the fundamental flaws of existing launchpads is acquiring enough tokens to participate in the ecosystem can be prohibitive. This can be based on a first come first serve basis where automated bots can fill the whitelist spots in a matter of seconds. TronPad addresses this issue and is designed for fair decentralized launches.
The hallmark of TronPad is a two-round system, consisting of an open public lottery with no requirement for holding tokens, a participation lottery for lower levels and guaranteed allocation for higher levels. Any of the allocation that is not bought in time is then offered on a ‘first come first served’ basis.”
In this way we can assume it will closely follow the pattern of BSCPAD in the way they do their launches
I can already see some similar patterns — one of them being not having an open Telegram discussion group
While this might seem strange (it did to me too at first) from a business standpoint it seems to make sense
A launchpad doesn’t really have/need a community — it isn’t a DAO — and as such the groups are full mostly of people asking the same questions over and over again, or screaming “SCAM” immediately after every launch
We’ve all seen it!
Whether you agree with it or not, the level of control that BSCPAD has been able to retain over their own narrative has been impressive to watch
COLLABORATION BETWEEN TRONPAD AND BSCPAD
Although specific details are quite light, it’s clear the teams are working together closely under a project called “Tron and BSC Synergy”
TRON and BSC Synergy is a cooperation project which combines BSCPad of the strength in the West and Tron’s in the East will create a powerful global marketing and IDO platform
So, as they seem to be sharing a setup and likely tactics (if not the same team) let’s have a brief look at BSCPAD
WHAT IS BSCPAD?
BSCPad has conducted over 25 IDO’s in 2021, including multiple 100x+ projects
BSCPad boasts over 83,000 followers on Twitter and a 31,000 member Telegram channel
We have a fully developed network of influencers and marketing partners developed over multiple launches
Our co-marketing campaigns with our launch partners have generated millions of impressions on Social Media
The $BSCPAD token has traded as high as 315x from its public IDO price
from https://bscpad.medium.com/tronpad-tronpad-the-official-launchpad-of-the-tron-blockchain-8e0c7654e0ae
TRONPAD TOKENOMICS
There doesn’t seem to be a whitepaper for TRONPAD and the details on Tokenomics are quite light
I seem to remember the same being the case for BSCPAD and for a lot of the other Launchpad projects, they appear to want to keep things as flexible as possible to adapt to market conditions
This is what we do know:
Public Sale Token Price:
$0.0015 BUSD
Maximum Token Supply:
1,000,000,000 $TRONPAD
Tokens Available in BSCPAD Public Sale:
180,000,000 $TRONPAD
Circulating Supply at Listing:
79,500,000 $TRONPAD
Market Capitalization at Listing:
$119,250 USD
Public Sale Vesting Schedule:
25% at TGE, then 25% per month for 3 months
Staking the $TRONPAD token will be the only way to gain access to Lottery and/or Guaranteed allocation rounds for the IDOs on TronPad.
Public 18% (25% at TGE, then 25% per month)
Private 15% (15% at TGE, then 21.25% per month)
Strategic 12% (10% at TGE, then 15% per month)
Liquidity 20% (brought into circulation as needed for AMM and Exchange listings)
Team 12% (3 month cliff, then 12 month vesting)
Advisors 6% (3 month cliff, then 12 month vesting)
Ecosystem & Marketing 9% (1 month cliff, then 18 month vesting)
Reserve 7% (12 month cliff, then 18 month vesting)
Airdrop 1% (Further details to be announced)
When I saw a launch Market Cap of $119,250, I knew I wanted to get involved!
Market conditions right now aren’t the best but that’s an insanely low number and I wouldn’t be surprised to see a very high multiple at launch
So, even with a small allocation, presalers should do pretty well
This being especially the case because, unlike the vast majority of IDOs, there is an immediate use case for the tokens (staking them to get access to presales) and an incentive to not ever sell any tokens (access to exclusive allocations and higher levels)
This should hopefully remove a lot of the sell pressure we see on almost every IDO launch
HOW TO BUY TRONPAD TOKENS?
If you’re a BSCPAD holder/staker then you should already know when/how to buy
If not, you’re going to have to buy on Pancakeswap which starts today (June 4) at 4pm UTC
I assume contract details will be shared in the BSCPAD and TRONPAD Telegram groups close to the launch time
HOW MUCH INTEREST IS THERE IN TRONPAD
Look, I don’t speak Chinese
I know to the (mostly Western) areas of Crypto Twitter, Justin Sun is, let’s be kind here, not exactly looked up to
But there is a big Western/Eastern split in crypto (which is far too complex a subject to get into on this post) and it seems like Justin Sun and Tron in general have a very big reach to the Eastern side, particularly in China
This is an area of the market I have no real insight into because of language barriers and the fact they are communicating on platforms I don’t/can’t use
Yesterday TRONPAD released a Tweet showing that they had had almost 20m impressions
from https://twitter.com/Tronpadofficial/status/1400487455418093570?s=20
Obviously this can’t be verified but it looks to me like a Google statistic, so we can assume it’s probably their homepage
The map seems to show that the darker red, the less impressions there are (although I’m not 100% clear about that!)
In which case China has very few and the US very many, which would make sense because of the Great Firewall
BUT
BSCPAD made a surprising announcement a few days ago, one I haven’t seen any other project do
I think it’s safe to assume there is probably a lot of hype around the project in China
CONCLUSION
Whether a lot of projects plan to launch on TRON or not remains to be seen
I have a feeling Justin Sun is trying to engineer a “TRON season” off the back of BSC season, and like him or not, I wouldn’t bet against him at this point
I’m sure there are at least a few IDOs lined up already, so we should have a good idea soon
But in the short term, I don’t think that matters to much to the price of TRONPAD
I assume based on the hype, the Market Cap and launch and the factors that should control the sell pressure, the price will pump on launch and based on BSCPAD’s launch and price in the following period — if they can launch a few good IDOs quickly price might even sustain/grow in the next few weeks
Personally I will be holding some TRONPAD tokens to participate in the first IDOs and will reevaluate from there
