FAQs
Q: What is Exxpad?
A: Exxpad is a community governed project launchpad making investments in token presales more cost effective, better and more secure.
Q: How does Exxpad work?
A: Exxpad is a decentralized project and token launchpad providing opportunities for project teams to launch their projects through fundraising and listing on decentralized exchanges. Investors must stake their XPAD tokens in order to participate in the token sales.
Q: What is XPAD?
A: XPAD is the native token of the launchpad. It is used for staking and to get allocation to participate in project sales on the platform.
Q: How can I buy XPAD tokens?
A: XPAD tokens can be purchased on supported exchanges.
Q: How can I participate in the Exxpad ecosystem?
A: You can participate in the Exxpad ecosystem by launching your project on the launchpad or investing in promising projects on the platform. You can also hold XPAD tokens to access exclusive platform features and participate in governance processes.
Q: What is the process for launching a project on Exxpad?
A: To launch a project on Exxpad, you need to apply and go through a rigorous vetting process to ensure the viability and legitimacy of your project. Once accepted, you can set the terms of your token sale, and investors can participate through Exxpad's platform.
Q: What is the purpose of staking XPAD tokens?
A: Staking XPAD tokens allows investors to participate in the initial token sale of projects on the launchpad.
Q: What happens to unsold tokens during an initial token sale on Exxpad?
A: Our focus is to have all tokens sold during the IDO sales. However, unsold tokens during an initial token sale can be burnt or returned to the project team to be locked.
Q: How is the price of tokens determined during an initial token sale on Exxpad?
A: The price of tokens during an initial token sale on Exxpad is determined by the project owner. The sale price is fixed and the exchange price is equivalent to the sale price.
Q: How is the number of tokens to be burned determined on Exxpad?
A: We take a record of all activities on the launchpad throughout the month and we calculate 20% of revenue in USDT. We buy XPAD tokens with this USDT and burn them.
Q: Can I withdraw my staked XPAD tokens before the end of the vesting period?
A: Yes, but you have to pay a 20% penalty which means you will have 20% less amount you staked.
Q: What happens if the price of a token drops below the sale price during the vesting period?
A: Due to the design of our launchpad, we consider a lot of investment protection measures. We do not offer refunds if the token price falls below the sale price within the vesting period but we consider adding this measure in the future.
Q: How does Exxpad ensure the security of its platform?
A: Exxpad utilizes blockchain technology and smart contracts to ensure the security and transparency of its platform. It also employs best practices for security and auditing to minimize risks.
Q: Can I launch my project on Exxpad?
A: Yes, you can launch your project on Exxpad. Simply visit our application page to submit your project for review.
Q: How long is the vesting period for investors?
A: The vesting period for investors is a minimum of three days.
Q: Can I participate in an initial token sale on Exxpad without staking XPAD tokens?
A: No, investors must stake XPAD tokens to participate in the initial token sale of projects on Exxpad.
Q: What is the minimum amount of XPAD tokens required for staking?
A: The minimum amount of XPAD tokens required for staking depends on the rank you aim to achieve. The highest rank (General) requires a minimum of 5,000 tokens.
Q: What is the minimum liquidity requirement for a project on Exxpad?
A: The minimum liquidity requirement for a project on Exxpad is 65% of the funds raised during the initial token sale.
Q: Can I transfer my XPAD tokens to another wallet?
A: Yes, you can transfer your XPAD tokens to another wallet but you cannot transfer the tokens you staked till you un-stake them.
Q: Does Exxpad have a mobile app?
A: There is currently no mobile app. Our website is mobile-responsive and can be accessed from mobile devices.
Q: What is the minimum amount required to participate in an initial token sale on Exxpad?
A: The minimum amount refers to the minimum amount you can stake in order to get an allocation. The minimum is currently 500 XPAD.
Q: When will the presale tokens be claimed?
Presale tokens will be claimed within 24 hrs after the end of the presale.
Q: What is the duration of the staking?
A: The staking period is 30 days.
Q: What is the refund policy for the presale?
A: We have a partial refund policy in place for eligible investors who meet the minimum requirements. Refunds are only given within 7 days of the end of the presale. Please refer to our refund policy for more details.
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