TorkPad
  • TorkPad Overview
  • What is torkpad?
    • Why TorkPad Launchpad ?
    • How We Different From Others ?
    • Vision & Mission
    • Mechanism for IDO
    • Project Selection
  • token details
    • Token Information
    • Utility
    • Tokenomics
  • TorkPad Ecosystem
    • Roadmap
    • Staking Ecosystem
    • Tier System
    • Decoding TorkPad Tiers: A Comprehensive Guide to Token Allocation in Crypto IDOs
  • Contributing To Our IDO
    • Instructions for Purchasing IDO
      • How to set up a Tron wallet and link it to TorkPad
      • How to set up a Sui wallet and link it to TorkPad
  • Security
    • Our Audit
    • KYC
    • IDO Rules
      • Secured IDO
      • Autonomy IDO
  • Help
    • Disclaimer
    • Contact
    • Social Links
    • FAQ
  • Partners
    • Marketing Partners
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  1. token details

Utility

The TPAD token is the utility token in TorkPad, It is used in all functions of the protocol and therefore has multiple use cases.

Case Studies and Value Propositions

Unlike lottery and tier mechanisms, our fundraising solution is more sophisticated and therefore we need a native token to run our ecosystem. As a result, TPAD is coined and used in the following scenarios:

  1. Allocation: Unlike lottery and tier systems, we offer investors guaranteed allocations. To ensure the process is fair, the amount of TPAD tokens staked is used to calculate an individual's allocation.

  2. Rewards: TorkPad includes the community in almost every decision. After the successful launch, we will distribute TPAD token staking rewards as a reward for your tremendous technical and diligent efforts.

  3. Liquidity Mining: TorkPad are going to be providing sufficient liquidity on DEX when the Token sale. However, we are going to be launching our LP mining program to entertain property mercantilism volume whereas rewardable liquidity suppliers in TPAD tokens.

  4. Burning Events: By burning TPAD tokens, we are demonstrating a long-term vision. A portion of the fees collected by TorkPad will be used to repurchase our native tokens and burn them in the event of a token price drop.

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Last updated 2 years ago