# XSPACE Pad ## What is XSPACE Pad? The XSPACE Pad is a Launchpad and IDO platform for Web3 projects that are looking to bring their ideas into the public domain and bootstrap their token ecosystems. ## How does it work? As a launchpad, XSPACE Pad services two sides of the market: the "consumers {participants}" and the "producers {projects}. Projects apply to the XSPACE Pad by going through a rigorous qualitative analysis process conducted by the XSPACE Pad team. Depending on these projects' level of sophistication and ability to satisfy a diverse range of assessment criteria (such as product-market fit, concept viability, team aptitude, and so on), their inclusion will be deduced. If a project does not meet the threshold, it will not be allowed to list on XSPACE Pad. Induction into the launchpad has two paths, either through a direct listing or through the incubation/acceleration program. Projects are not required to be part of the incubator/accelerator program. The IDO platform is open to any projects that satisfy the qualitative evaluations. Direct listings mean that projects do not participate in the incubation/acceleration programs and are exclusively listing to host an IDO directly to the $XSP community. Projects that follow the incubation/acceleration process, where the teams are guided by the XSPACE Pad Mentorship group, followed by a coming-to-market via IDO, will receive a multitude of benefits, including co-marketing and community cross-pollination. Incubation can range anywhere from 12–18 months and includes a preparation stage, a launching stage, and a post-launch support stage. During preparation, the mentor group organizes the internal process, optimizes product systems, and helps projects evaluate their roadmaps/action plans. During the launch (whenever the IDO is being held), they help with promotions and social coordination. Post-launch, ChainGPT provides advisory support to help project course-correct and deal with the nuances that come with having products live on the market. Acceleration is a condensed version of the incubation that is executed within 3–4 months. This option is best suited for well-developed teams that need a very specific, limited scope of support. ## How does the IDO work? Whenever projects are ready to list on the platform and launch their token ecosystems, XSPACE Pad will help them prepare a campaign and connect them to the $XSP community. After the specifications have been finalized, token supply, market rate, sale duration, etc., the project will be listed with a countdown to open. The IDO will be announced via social channels and news outlet press releases, followed by the two-round opening process.‍ What role does $XSP play? $XSP acts as the tool to facilitate community involvement in the bootstrapping of projects, an extra layer of a reward system for incentivizing membership. Providing alpha access to IDO participation, Airdrops, and more, $XSP community members that stake the threshold amounts of $XSP tokens become able to obtain exclusive benefits that startup projects provide to their earliest contributors. ## How to Participate as an Investor: In order to participate in the IDOs hosted on XSPACE Pad, users are required to satisfy two simple criteria: 1. Complete KYC. 2. Stake $XSP to accumulate enough points and attain a tier status: [Stake Here](https://xspace.fi/stakes).