🚀XSPACE Pad

Introduction & Overview

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.