What Is SuiPad and How to Buy SUIP Tokens?

SuiPad is a premier launchpad for Tier 1 projects on the Sui blockchain. It solves the problem of difficult and uncertain project launches by providing integrated wallet management, transparent project assessments, decentralized launches, and governance voting, fostering growth in the Sui ecosystem.

In this article, we will discuss what SuiPad is, Suipad tokens, its tokenomics, statistics, the history of the Suipad Network, its features, and how to buy or trade SuiPad tokens.

What Is SuiPad? 

SuiPad is a community-centric Web3 project that is developed to be the premier launchpad for Tier 1 projects on the Sui blockchain. Sui blockchain is a permissionless Layer 1 blockchain designed to serve the next billion users in the Web3 space and introduce decentralized fundraising. SuiPad's primary objective is to launch the next generation of blue-chip projects within the Sui ecosystem. 

SuiPad offers a comprehensive suite of features, including an integrated wallet, vesting marketplace, and transaction management system. This all-in-one solution seamlessly integrates with major Sui wallets, enhancing the user experience by allowing wallet management within the platform itself. It also introduces key elements such as decentralized project launches, SUIP token staking, and governance voting to further enrich the Sui ecosystem.

SuiPad seeks to address several common challenges faced by participants in project launches, including the time-consuming nature of token sale processes, where participants must closely monitor IDO schedules to ensure timely participation. The lack of transparent information about IDO projects often puts investors at a disadvantage. The risk of token prices plummeting below the IDO price, especially in bear markets, is a recurring concern that SuiPad aims to mitigate with innovative features and solutions.

SuiPad introduces a range of features aimed at enhancing the launchpad experience. To begin with, it simplifies the IDO subscription process by offering eligible participants a 48-hour window to commit their USDC or SUI tokens to the IDO pool, ensuring automatic token distribution after the IDO concludes. The platform places a strong emphasis on user interface and experience, making this process accessible to newcomers, thereby nurturing growth in the Sui ecosystem. 

Additionally, SuiPad offers "Sui Tank," a panel of experts ready to assess project owners thoroughly, providing complete transparency regarding each project's viability. Furthermore, SuiPad Shield Insurance presents an innovative method to safeguard participants' principal capital, accommodating a range of risk preferences

What Is the SUIP Token? 

SUIP is the native token within the SuiPad ecosystem, issued on the Sui blockchain with specific utilities designed to enhance the platform's functionality and empower its users. SUIP tokens offer access to valuable opportunities and actively contribute to the governance of SuiPad. 

SUIP tokens offer a range of valuable utilities within the SuiPad platform, enhancing user engagement and platform governance in the following ways:

1. Exclusive Project Access: SUIP tokens serve as a means for users to gain entry to project launches hosted on the SuiPad platform. By staking SUIP tokens, users qualify for participation in these launches. This functionality provides users with a unique opportunity to connect with promising projects within the Sui ecosystem. Beyond access, it aligns the interests of token holders with the success of projects launched on SuiPad, fostering a sense of community involvement.
2. Governance Participation: SUIP token holders also possess the privilege to actively partake in governance voting within the SuiPad ecosystem. This implies that SUIP token holders can take an active role in decision-making processes by initiating proposals and casting votes on crucial matters related to the platform's development and operations. This utility underscores the principles of decentralization and community-driven governance, reaffirming the democratic character of SuiPad. In essence, SUIP tokens not only facilitate access to exclusive project launches but also empower users to influence the future direction and policies of the SuiPad platform through their direct engagement in governance procedures.

SUIP Tokenomics

SuiPad Token Statistics

*Data source: The table above is real-time data from Coinmarketcap as of October 19, 2023

Features of SuiPad Network 

1. Integrated Wallet: SuiPad provides an integrated wallet within its platform. This feature allows users to manage their wallets directly within the SuiPad interface, streamlining the user experience and making it more convenient.
2. Vesting Marketplace: SuiPad includes a vesting marketplace, which can be crucial for projects and participants. Vesting allows for the gradual release of tokens over time, which can help prevent token price volatility and promote long-term commitment.
3. Decentralized Project Launches: SuiPad introduces decentralized project launches, reducing the need for centralized intermediaries and promoting transparency and community-driven participation.
4. Sui Tank: SuiPad offers a panel of experts known as "Sui Tank" to thoroughly assess project viability, providing transparency and valuable insights to potential investors.
5. SuiPad Shield Insurance: The platform includes an innovative insurance feature called SuiPad Shield Insurance, designed to safeguard participants' principal capital and accommodate various risk preferences.
6. Customizable Launch Models: SuiPad empowers project owners by offering customizable launch models, including options for timeframes, accepted token types, and auction algorithms. This flexibility caters to the unique needs of project creators.

These features collectively make SuiPad a comprehensive launchpad solution that simplifies IDO participation, enhances transparency, and offers innovative insurance options. It caters to the needs of both projects and participants within the Sui ecosystem, fostering growth in the Web3 applications on the Sui Network.

How to Buy and Trade SUIP Tokens? 

CoinEx is a global cryptocurrency exchange, trusted by 5+ millions of users worldwide with 100% reserve. With its 700+ tokens supported, including SUIP, users can now trade easily and seamlessly. To purchase SUIP tokens on CoinEx, follow the steps below.

1. Create an Account: Start by signing up for a CoinEx account.
2. Deposit Funds: After logging in, deposit funds into your CoinEx account using any supported cryptocurrencies or deposit methods available on the exchange. Having funds in your account enables you to execute trades seamlessly.
3. Navigate to SUIP Trading Page: Once your account is funded, go to the dedicated SUIP trading page on CoinEx. You can find a search box and enter the term SUIP to swiftly locate the trading pair associated with SUIP tokens.
4. Choose a Trading Pair: Select the trading pair SUIP/USDT to trade SUIP against USDT (Tether).
5. Specify the Purchase Amount: Determine the quantity of SUIP tokens you want to purchase. Input the amount in the trading interface, which will calculate the corresponding cost based on the current market price.
6. Execute the Trade: With the specified amount, proceed to execute the trade. Confirm the details, and if you are satisfied, submit the order. 

By following these comprehensive steps, you can easily trade SUIP on CoinEx, taking advantage of the available trading pairs.