VelasPad VLXPAD

VelasPad is a deflationary launchpad that is built on the Velas Chain. It is designed to fund and support the development of the next generation of blockchain projects. VelasPad implements deflationary mechanisms, such as a 10% fee on token sales and early unstaking fees of up to 25%. The fees collected from token sales are distributed to stakers in VLX and a portion of the fees is burned forever. VelasPad serves as a platform to organize, bootstrap, and incubate projects on the Velas Chain, offering benefits to both VLXPAD holders and selected projects.

VelasPad is unique compared to other cryptocurrencies because it is the first deflationary launchpad on the Velas Chain. It is designed to fund and support the development of the next generation of blockchain projects. VelasPad implements deflationary mechanisms such as a 10% fee on all token sales and early unstaking fees of up to 25%. The fees collected from token sales are distributed, with 7.5% rewarded to stakers in VLX and 2.5% burned forever. Additionally, VelasPad utilizes a custom-built AI-powered Proof-of-Stake (AIDPOS) consensus system, which sets it apart from other cryptocurrencies.