Dappad Testnet: A Critical Step Towards Achieving a Fair Decentralized Launchpad
The world of decentralized finance (DeFi) has been growing exponentially over the past few years, with new projects being launched almost every day. However, one of the biggest challenges facing DeFi startups is finding a way to launch their projects in a fair and decentralized manner. This is where Dappad comes in.
Dappad is a new launchpad that is designed to address the main flaw of current launchpads: acquiring enough tokens to join the ecosystem is prohibitive, and even if you stake tokens, you are not guaranteed an allocation slot. To solve this problem, Dappad is creating a fair decentralized launch where allocation is algorithmically calculated using a formula that assigns a specific pool weight to each tier.
The hallmark of Dappad is a two-round system that ensures that each tier level guarantees an allocation. This means that there is no first-come-first-served or bots; only fairly distributed rewards for all participants.
However, before Dappad can launch its platform, it needs to undergo rigorous testing to ensure that it is secure, scalable, and user-friendly. This is why Dappad has decided to launch a private testnet to create real Dappers.
What is Private Testnet?
Private Testnet is a group of people who have successfully completed all the tasks during the Events process. Volunteers who have earned their roles in our Discord Community and keep NFTs on Galxe in their wallet address will be rewarded with a 100% airdrop.
In order for the airdrop to be fair, Dappad will allow users with all roles to participate in the testnet, but each earned role will have a different multiplier number with the airdrop to be given. Each role will increase as a multiplier in the airdrop amount.
Descriptions and reward multipliers of the roles are as below;
Dappad Explorer: Users who complete all the Dappad Explorer tasks will earn a 1x multiplier.
Dappad Ambassador: Users who complete all the Dappad Ambassador tasks will earn a 2x multiplier.
Dappad Builder: Users who complete all the Dappad Builder tasks will earn a 3x multiplier.
Dappad Leader: Users who complete all the Dappad Leader tasks will earn a 4x multiplier.
The Importance of Dappad Testnet
The private testnet is a crucial step towards achieving a fair and decentralized launchpad. It will allow Dappad to identify and fix any bugs or vulnerabilities in its system, and to get positive and negative feedback from real users.
Furthermore, the private testnet will also allow Dappad to create a real economy with its community, which is crucial for the success of any launchpad. By involving its community in the testing process, Dappad is building a strong foundation for its platform and ensuring that it will be able to launch successful projects in the future.
Finally, the private testnet is also a way for Dappad to reward its most dedicated community members. By offering a 100% airdrop to users who have earned their roles in the Discord Community and keep NFTs on Galxe in their wallet address, Dappad is incentivizing its community to actively participate in the testing process and help make the platform better.
Dappad is a new launchpad that is designed to address the main flaw of current launchpads: acquiring enough tokens to join the ecosystem is prohibitive, and even if you stake tokens, you are not guaranteed an allocation slot.