BlockPad Monthly Update — January 2022
Welcome to BlockPad’s monthly update blog where we will walk our investors and community through the milestones we’ve accomplished so far. Excited? Let’s dig!
Actually, we had worked and accomplished technical necessities last month while we are working for the rest of them right now. Starting from the glorious year of 2022, we put our heads down and focused on lining up various things for upcoming product releases.
With an aim of establishing investor confidence in the blockchain space, and as we enter Q1, we will be kicking this year with our product releases starting from this month itself. January was an incredible month of development irrespective of a little bearish month for the crypto space.
With an aggressive pace, we are committed to delivering a suite of DeFi applications to provide a gateway to an exponentially growing Web 3.0 ecosystem. Here’s a recap of the month of January and a glance at what’s coming in February.
Social Growth
Community is something that makes us a whole. And in order to protect this precious global community from shady projects, we share a vision of making this community safe with the help of our DeFi tools. Some of the projects already have started using our solution for the same as well.
We also have seen a tremendous response in our promotional and giveaway events where thousands of users have shown interest. Succeeding our developments and such events, we now have more than 50,000 followers over Twitter; 30,000 members in our Telegram while close to 20,000 on Medium.
Ecosystem Growth
The BlockPad ecosystem growth was inevitable and numbers speak themselves. We have clocked a considerable TVL under BlockPad Vault and started securing a vast investor community while providing an effortless vesting solution to upcoming and established projects.
With a total of five blockchain integration, our BlockPad Vault has surpassed $725,000,000 total value locked (TVL).
On the other hand, we have started expanding the BlockPad ecosystem by forming strategic partnerships and collaborating with projects who believe in our vision. That having said, we have now more than 10 such partnerships and collaborations to push the utilization of BlockPad ecosystem.
Development Update
Investor Dashboard, Token Staking, and LP Mining are three prominent products that we are working on at the very same moment. These are the products that almost any project can be benefitted from — whether it is token value enhancement, community engagement, or LP insertion.
Contract Audits
Having an experienced blockchain development team in place, we audit our smart contracts before moving towards front-end integration. And that being said, we have successfully concluded our audit from renowned audit firm — Certik. Audits include our Investor Dashboard and our upcoming Staking Platform.
BlockPad Audits: https://www.certik.com/projects/blockpad
Investor Dashboard
We have seen many of the existing and known launchpads and projects are still following the obsolete methods of token distribution through bulksenders and multisenders. This has a variety of flows and possesses high chances of human errors.
Therefore, we believe in developing indispensable tools required for fundraising platforms, projects, and users. We have concluded the full-stack development of such an investor dashboard and it is currently on pilot mode with the help of our partner(s).
Once tested as per our expectation, we will be launching this by the first half of February. After the successful launch, we will be helping various projects in establishing robust and white label token claim dashboards to safeguard investors and automate the token distribution process.
Expected features:
- Effortless solution for any kind of token vesting
- One-shot CSV upload for vesting of bulk addresses
- Extremely flexible in terms of vesting timeframe
- Automatic accumulation of released tokens
- Intuitive claim dashboard for investors and individuals
Staking Platform
Staking is the event that does not only benefit investors or stakers but also projects to a large degree. However, it is not feasible for a project to develop and audit a native staking platform for their community. It is just a waste of valuable financial and human resources.
That’s where BlockPad’s staking platform arrives. With various staking mechanisms, we will be offering a variety of projects a white-labeled staking solution that is not just easy to use but also cost-effective.
Expected features:
- Ready-to-deploy staking solution to projects
- Various APY mechanism flexibility to choose from
- Audited and white-labeled solution for projects
- Weightage-based staking to incentivize token holders
- Intuitive staking platform for projects’ communities
Thus, the month of February is crowded with product releases and client acquisition. As we progress further, you will be seeing more frequent updates, marketing activities, and product development.
Last but not the least, we expected token listing in January itself but for the benefit of all of our investors, community, and project, of course, we have postponed our listing till the market recovers a bit. Rest assured, we will be bringing CEX and DEX altogether for the listing.
Buckle up and get yourself ready to engage, earn and expand your position!
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