SphynxSwap Launches Official Launchpad and IDO Platform, Sphynx Pad

Source : beincrypto.com

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SphynxSwap, the Binance Smart Chain-based all-in-one solution for trading, staking, holding, and farming, recently announced the launch of its official launchpad and ICO pad, called Sphynx Pad.

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SphynxSwap aims to simplify the user experience by offering all services, such as trading, staking, farming, and holding tokens in a single platform. The launch of the launchpad is aimed at adding more utility to the project. 

Sphynx Pad is a feature-rich launchpad that will help launch Initial DEX Offerings (IDOs) and token offerings of various DeFi and blockchain projects. Sticking to the original ideology of making the cryptocurrency space simpler, faster, and smoother for users, Sphynx Pad offers a variety of features, such as: 

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  • 180 Days LP minimum locking period
  • 2% tokens are kept as collateral for 180 days and will be burnt after
  • Antibot presale measures, such as captcha when contributing to a presale
  • Anti-dump mechanisms
  • Whitelist function
  • Token LP locker
  • Sphynx Pad will first launch projects on Sphynx Swap exclusively and later on other swaps, for more flexibility within the platform. 
  • Sphynx tiering system ranking

Apart from these features, Sphynx Pad will offer more services to be announced at the time of launch. According to Sphynx Pad’s tiering system, the projects will be ranked in three tiers, according to the criteria they meet. Sphynx Pad has four requirements: Certik Audit, a public team, real utility behind the token, and third-party KYC. 

The projects which meet all four criteria will be ranked Gold, Silver if two of the criteria are met, and Bronze if only one criterion is met. By ranking the projects (listed on Swap side Menu), Sphynx Pad will help investors choose according to their preference. 

Moreover, Gold projects can enjoy exclusive benefits, such as CoinMarketCap and CoinGecko listing at a discounted price and one week of promo on the Sphynx tiering page. 

About SphynxSwap

SphynxSwap is a decentralized exchange that lives on the Binance Smart Chain, designed to allow investors to be able to trade in under 10 seconds. This is achieved by the automated configurations of user experience on the Sphynx platform, offering the quickest swap in the industry, with the lowest fees in the industry.

SphynxSwap aims to provide an all-in-one solution for trading, farming, staking, and holding. This includes one single platform with a consolidated wallet to always have a birds-eye view of your assets, dynamic charts, farms, and staking portals, so users never have to leave the Sphynx platform.

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