SUIPAD is a firm with a launchpad that enables entrepreneurs with innovative projects to raise capital and launch on the Sui blockchain. Sui network prides itself as the world’s fastest blockchain that caters for the next billion users in web3. The firm offers decentralized fundraising, token staking and governance voting to its ecosystem. SUIPAD was co-founded by Joe Wan and Daffy Lau and since its inception, the firm has managed to offer launchpad services to more than 5 projects, funded more than 24K Sui tokens and attracted more than 2, 953 investors to its ecosystem.
In a recent undisclosed funding round, SUIPAD has announced that it has secured $1.16 million in funding. The funding round saw participation from numerous web3 venture capitals including NGC Ventures, GBV Capital, Cogitent Ventures, PANONOY, Rarestone Capital, Kernel Ventures, Kairon Labs, NewTribe Capital, Moonrock Capital, Extra Watts, Hype, DAO Maker and Autonomy Capital among other notable crypto investors. According to SUIPAD, this round of financing will be utilized in hiring and continuous development of the launchpad. The funds will also facilitate SUIPAD’s expansion into the global market as well as deepening partnerships within the Sui ecosystem.
SUIPAD is the only official launchpad partner of MystenLabs and is in a quest to become premier launchpad for Tier-1 projects on Sui – a layer 1 blockchain built by MystenLabs and staffed by Diem Stablecoin project. The firm has plans to launch its own imminent IDO(Initial Decentralized-Exchange Offering) which will be live on the Sui blockchain and DAO Maker Launchpad from April 28th to May 10th 2023.
Once fully rolled out, Sui Pad will be an all-in-one solution for project launch in an integrated wallet, vesting marketplace and transaction management. The platform will also support all Sui Wallets.
The SuiPad ecosystem will comprise of the SuiPad IDO that will enable top tier Sui projects to launch their private sales and IDOs. The platform will also act as a startup incubator for all Sui projects by providing them with technical tools, fundraisers, marketing and community building.
The firm will also offer SuiPad Shield, a facility that has an innovative insurance protocol to safeguard the participants’ principal investment in a manner that is tailored towards everyone’s risk appetite.
Additionally, the firm will offer Sui Tank, a reality series through which web3 entrepreneurs pitch their business ideas to a panel of venture capitalists with an aim of securing an investment from them. The panels have a team of 6 members ready to grill the entrepreneurs from the ground up. SuiPad has its own native utility token, $SUIP that enables its holders participate in private sales and IDOs. Currently, holders of the $SUIP token pool from a total supply of 100 Million.
In the future, SuiPad plans to launch a venture where top tier projects are picked from its launchpad and accelerated in the last mile that is, help the projects transition from promising ideas to real deals through business model and tokenomics design, complete advisory and incubation by Sui partners as well as offering IDOs on SuiPad via the top exchanges. The firm also plans to launch Sui Academy, a 16-week SuiMove online coding bootcamp to turn users into Sui builders through interactive one-on-one help from experienced developers.
