Shootpad Kicks Off Seed Sale, Sells Out 5% Of Its $SHOOT TOKENS In Hours

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Shootpad Kicks Off Seed Sale, Sells Out 5% Of Its $SHOOT TOKENS In Hours
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Shootpad, a decentralized multi-chain DeFi platform is elated to announce that its $SHOOT Token Seed Sale is now live.

As per the announcement, the Seed Sale is now open to investors looking to join the project at the lowest possible price. For the Seed Sale, Shootpad has allocated 76,000,000 of its native tokens. The minimum buy has been set at 100 ADA, while the maximum buy is 10,000 ADA. The sale price is 1 ADA, equating to 570 $SHOOT Tokens. It is worth mentioning that any amount below the minimum will be lost, and the buyer will not receive their tokens. Participants will receive their $SHOOT tokens immediately after the blockchain confirms transactions.

Shootpad seeks to create an incubating and acceleration platform on the Cardano blockchain, investing in DeFi, NFT, metaverse, and cryptocurrencies. The platform will reportedly provide solutions to the problems faced by early-stage ventures while raising capital for their projects. The solutions provided will ensure users do not lose their capital and have access to risks management features such as insurance funds and staggered release of raised capital to projects.

The $SHOOT token serves numerous utilities on the platform, including allowing users to become the first and earliest pioneers of future development and revenue-generating opportunities. The tokens will also be used to grant the holder voting power over the management of the project. Holder will also have the power to approve all Cardano projects submitted on the Shootpad’s Launchpad, giving them access to the most promising and well-vetted Cardano projects. In addition, holders will have access to the best Metaverse and Non-fungible tokens (NFTs) projects on the Cardano ecosystem. $SHOOT holders will also earn additional income in ADA or an additional $SHOOT through staking and trading.

Shootpad features a chain agnostic platform, a shoot launchpad and project accelerator, project endorsement, staking, shoot treasury fund, Shootpad metaverse, etc.

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The Shootpad team explains:

“We accelerate and incubate early-stage projects and do extensive hand-holding in tokenomics design, fundraise, marketing, tech development, graphics, and community management. Everyone with a great team and solid idea can launch their project with our project accelerator.”

Notably, the Seed Sale market is another major milestone on Shootpad’s roadmap. In the coming days, Shootpad plans to hold a private sale, ISPO-Sale, token listing on exchanges, and the launch of its IDO and staking platform.