Blockelite X Moonpad AMA Recap

Blockelite X Moonpad AMA Recap

Thank you to everyone who joined AMA Blockelite x MoonPad on 21st May at 3 PM UTC I 10 PM (UTC+7). Here is the recap for those who missed this AMA.

Our special guest today is Donald Fraser – DEV of Moonpad

Segment 1: Introduction about Moonpad and Donald Fraser – DEV of Moonpad

Q1: Can you briefly introduce yourself as well as about the MoonPad?

Donald Fraser – DEV of Moonpad: I’m Donald Fraser, a developer of Moonpad, 40 years old now living in Australia. My team and I have many years of experience in the cryptocurrency market. They have participated and built many big projects in the market!
Moonpad is a multi-platform project launched on the Binance Smart Chain, including the IDO platform. Audit service and Moonpad Capital investment fund these 3 platforms focus on selecting, appraising, raising capital, and promoting potential, safe and transparent projects on the Bsc network chain to a new level.
Moonpad was born with the moon mission, promoting and developing a clean Defi space that is safe and growing like never before.

Q2: How does MoonPad different from other IDO platforms? Why people have to choose you?

Donald Fraser – DEV of Moonpad: Moonpad is a perfect project that our team has dedicated to research and build for a very long time! As you know, there are many other IDO platforms on the Binance network smart chain. They IDO projects that are rampant without good censorship, but we are different; we integrate the accounting platform into the launcher, all IDO projects on the platform of Moonpad have to go through the process. The strict and transparent audit process from Moonpad aims to bring to the market quality and safe projects for our investors! Besides, we also built an investment fund to support IDO projects on the Moonpad platform to grow and have a strong foothold in the market, so we are confident that our IDO has the best quality. Binance Smart Chain network
As an audit company ourselves, we always do right with our obligations: safety and transparency!

Blockelite Host: Why your project choose BSC to creat platform?

Donald Fraser – DEV of Moonpad: As you know, BSC is currently the strongest wave in the crypto market. We believe that BSC will be the future of cryptocurrency, so we launch our project to launch on the BSC network.
Moonpad was born with the moon mission: to raise funds, support, and help the projects of these two platforms to a new level in the market!

Q3: What are the criteria to evaluate a project eligible to implement IDO at MoonPad? And what conditions do users need to be able to join IDOs at MoonPad?

Donald Fraser – DEV of Moonpad: At Moonpad ,our mission is to democratize investing in DeFi and bring widespread adoption to the Binance Smart Chain ecosystem. Ultimately, investing should be open to anyone,
easy to join, and completely decentralized.
We will have different allocation levels for the smallest to the most significant investors so that anyone can join our IDO. Our project is about the community, so rest assured, you can always join our IDO if you own our tokens.
with the multi-platform combination between IDO and Audit, we are the first and only platform to do this so far! You don’t need to worry about it with MOONPAD

Q4: What is your market strategy to help you build a great community and attract more users to join your project?

Donald Fraser – DEV of Moonpad: As soon as we list Pancakeswap, we will launch our strong global marketing plan, and we will focus on Asian and European markets for the initial stage of development!
with a strong multi-national, multi-platform marketing strategy, creating high profits for investors. there are many Moonpad communities in countries such as: Pakistan, Vietnam, Indonesia, India….

We are confident to attract customers from all over the world.

Q5: MPAD POOL will open in the next few days, can you share details about it? What is the next roadmap for 2021?

Donald Fraser – DEV of Moonpad: Our presale is divided into 2 rounds: Private Sale and Public Sale, in which
Private Sale : 30% released, 30% released after 30 days, 40% released 60 days
Public Sale: no lock
We will presale on May 24th at 10 a.m. UTC.

You can find it on our website about the roadmap, but we will share a little bit with you. Currently, Moonpad has completed most of the roadmap for Q2, including website, partner, preparation for the upcoming quarter. Presale as well as completing the audit platform!

Blockelite Host: Can you share about the utility of your token? How much token do holder need to join IDO on Moonpad?

Donald Fraser – DEV of Moonpad: Our MPAD token holders will have the right to vote for IDOs on Moonpad and at the same time participate in the IDOs they vote for! The returns of IDOs are usually very high, so owning our tokens can help you make much money in the market.

Segment 2: Twitter questions

Q1: Do #MoonPad pre-sale tokens have any locking period? How long is the investment period? Or are they available immediately after the $MPAD listing?

Donald Fraser – DEV of Moonpad: Our presale is divided into 2 rounds: Private Sale and Public Sale, in which
Private Sale : 30% released, 30% released after 30 days, 40% released 60 days
Public Sale: no lock
We will presale on May 24th at 10 a.m. UTC.
And will be listed on Pancakeswap as soon as the presale ends.
Owning MPAD tokens is the only way to participate in IDO on the Moonpad platform; with the IDO platform and our strict audit process, we guarantee to bring investors projects potential, quality, and safety! That is the leading factor that helps IDOs to be wildly successful and generate significant profits for investors! And to be profitable like that, you need to own our MPAD token to participate in IDO on Moonpad.

Q2: Before the formation of a project #MoonPad you must have an interesting story beforehand. So, what motivation can you give us to build and develop a great project like this? and give us your success tips?

Donald Fraser – DEV of Moonpad: The Binance Smart Chain ecosystem is really booming. With hundreds of thousands of projects launched recently. it is an attractive market and attracts a large number of community participation. But we noticed there are many scam projects in the market, making the Defi market terrible. Therefore, Moonpad was born with the moon mission, combining IDO and smart contract auditing to bring community quality, safe and transparent projects. It is a potential projects to make this ecosystem rise to the top Defi!

Q3: Can I find out why you chose to create your project on the BSC network? Do you have goals regarding your function in the BSC network?

Donald Fraser – DEV of Moonpad: As I told you before, BSC is currently the strongest wave in the crypto market. We believe that BSC will be the future of cryptocurrency, so we launch our project to launch on the BSC network.
Moonpad was born with the moon mission: to raise funds, support, and help the projects of these two platforms to a new level in the market

Q4: Can you explain what makes Moonpad different from other IDO Launchpads and how can you participate, do you have to verify the data first?

Donald Fraser – DEV of Moonpad: There are many other IDO platforms on the Binance network smart chain. They ido projects that are rampant without good censorship, but we are different; we integrate the accounting platform into the launcher, all IDO projects on the platform of Moonpad have to go through the process. The strict and transparent audit process from Moonpad aims to bring to the market quality and safe projects for our investors! Besides, we also built an investment fund to support IDO projects on the Moonpad platform to grow and have a strong foothold in the market, so we are confident that our IDO has the best quality. Binance Smart Chain network.
As an audit company ourselves, we always do right with our obligations: safety and transparency!
With the multi-platform combination between IDO and Audit, we are the first and only platform to do this so far! You don’t need to worry about it with MOONPAD
Say no to all scams!!

Q5: Are there any benefit by holding your token, for example any reward or incentives? Are there any benefit by holding your token, for example any reward or incentives?

Donald Fraser – DEV of Moonpad: Owning MPAD tokens is the only way to participate in IDO on the Moonpad platform; with the IDO platform and our strict audit process, we guarantee to bring investors projects potential, quality, and safety! That is the leading factor that helps IDOs to be wildly successful and generate significant profits for investors! And to be profitable like that, you need to own our MPAD token to participate in IDO on Moonpad.
Our MPAD token holders will have the right to vote for IDOs on Moonpad and at the same time participate in the IDOs they vote for! The returns of IDOs are usually very high, so owning our tokens can help you make much money in the market.
We plan to use Moonpad’s profit-generating products such as IDO, Audit Service to buy back tokens in the market and burn them, so the amount of tokens burned is proportional to the growth rate of Moonpad, the tokens will be increasingly scarce in the market

Segment 3: Live questions

Q1. Share with us about your plans for 2021, what are you currently focus on, and are you going to expand the list of major exchanges?

Donald Fraser – DEV of Moonpad: In the near future when our Moonpad Capital investment fund is launched, with the moon mission to help potential IDO projects on the Moonpad platform. Right after the pre-sale we will list Cex exchanges like MXC, Houbi..etc.
Our ambition is to capitalize the token to 3 billion USD in 2022, and also list the token on current major exchanges such as Binace, Houbi…
Bringing the capitalization of Moonpad Capital investment fund to 1 billion USD, investing to support at least 20 successful startups on the BSC network

Q2. Are you going to have many Burns on your project regularly or not? Are you preparing to have a BuyBack system or a Token Burn plan to increase Token value & attract Investors to invest?

Donald Fraser – DEV of Moonpad: We plan to use Moonpad’s profit-generating products such as IDO, Audit Service to buy back tokens in the market and burn them, so the amount of tokens burned is proportional to the growth rate of Moonpad, the tokens will be increasingly scarce in the market

Q3. What are main key points to making Moonpad strong about security , Protection and speed?

Donald Fraser – DEV of Moonpad: We started as an Audit & Development firm for smart contracts in the beginning of the IDO rush and expanded our expertise to the market researches and exchange analytics, security and technical valuation of the projects.
Why us?

1.PRIVACY & SAFETY

Manual line-by-line code reviews to ensure the logic behind each function is sound and safe from common attack vectors.

Simulation of hundreds of parent of interactions with your Smart Contract on a test blockchain using a combination of automated test tools and manual testing to determine if any security vulnerabilities exist.

Consulting with the team to implement recommendations and resolve any outstanding issues; then boiling down results and findings into an easy to read report to highlight any risks that exist to the project or its users.

02.WORK FAST

Review report with suggestions on how to fix bugs and reduce risks given in ~ 10h to 3 days.

03.GOOD PRICE

We are confident that our prices are the most reasonable in the market.

Q4. What are some of your goals/targets that you want to achieve in this ongoing year?

Donald Fraser – DEV of Moonpad: With the ambition to build and promote Defi to the next level especially projects on the Binance Smart Chain network. We now established the Moonpad Capital investment fund with the mission of incubating, supporting and promoting potential defi projects that have been IDO on the launch pad and undergo Moonpad’s strict appraisal or audit process!
We are confident that the fund will reach a market capitalization of 500 million USD and support at least 20 successful projects as well as have a strong foothold in the market by the end of 2022

Q5. What gives the value to $Moonpad ? What is the role of it in your ecosystem? What can users do in Moonpad ecosystem with using $Moonpad ?

Donald Fraser – DEV of Moonpad: Launch of existing Binance smart chain project.
Projects that is launched on Binance Smart Chain are currently no different from those on other popular blockchains like Ethereum. On both blockchains, inequity and decentralization are present when it comes to fundraising for projects. And an important thing is that a lot of IDO scam projects are the results when IDO platforms do not have a process of checking and validating IDOs before putting it on its launch pad, causing a lot of investors to lose money!
With Moonpad, we provide an alternative route for projects that may want to raise funds to fix the issues facing previous platforms:

  • FAIRNESS: As a project with 100% purpose for the community, we offer appropriate levels of decentralization so that users with very small capital can also join IDO on our platform. This Creates a fair fundraising system for all members who own MPAD
  • SAFETY: We are also an Auditing platform combined with IDO launcher, we guarantee the quality as well as the safety of all projects through Moonpad’s strict audit process