TrustPadPrice

(TPAD)

TrustPad is a well-known multi-chain IDO launchpad. While the project encountered a smart contract exploit in late 2023, the team successfully migrated to a new contract (TPAD 2.0) and performed a snapshot to reimburse affected holders. To ensure ongoing security, the project has undergone audits by reputable blockchain security firms. For safety, users should always verify contract addresses and official links via LBank or the official TrustPad website to avoid phishing scams and ensure they are using the correct TPAD 2.0 tokens.

To qualify for an IDO on TrustPad, users must stake TPAD tokens to reach specific levels. The system is categorized into three main echelons: Guaranteed (starting at 20,000 TPAD for the Partaker level), All-Access Guaranteed (starting at 500,000 TPAD for the Associate level), and Super All-Access Guaranteed (starting at 2.5M TPAD for the Black level). Higher tiers provide larger allocations during the token sale process. Users should note that staking alone grants eligibility, but manual registration is required for each individual project.

This is a frequent troubleshooting issue often caused by a lack of registration. Staking TPAD tokens determines your eligibility for a specific tier, but you must still manually register for every individual IDO you wish to join. Registration typically opens 48 hours before the sale starts. If you have staked the required amount but have not clicked the register button for the specific project, the system will not assign you an allocation, and your status for that sale will remain 'NONE'.

The Diamond Hands (DH) system is a loyalty mechanism that rewards long-term stakers. If a user unstakes their TPAD tokens while they still have project tokens waiting to be distributed through a vesting schedule, they will forfeit all future vestings for those projects. The forfeited tokens are redistributed to committed participants in the 'True Loyalist' staking pool. This system includes DH75 rewards for specific levels and DH25 rewards which are distributed proportionally to those in the highest staking tiers.

If an IDO does not sell out during the initial guaranteed allocation phase, it enters the First-Come-First-Serve (FCFS) round. This phase is typically divided into four stages (50%, 100%, 200%, and unlimited) where stakers can purchase more than their original allocation. This allows the project to reach its funding goal while giving active community members the opportunity to increase their position in a project using USDT or other supported stablecoins.

Following the smart contract exploit in 2023, TrustPad migrated to a new contract on the BNB Chain. The official migration window for holders of the original V1 tokens ended in early 2024, and unclaimed V1 tokens were subsequently burned. Current users should ensure they are only trading or staking the TPAD 2.0 contract. For the most accurate and updated contract information, users are encouraged to check the asset details on LBank or the official TrustPad help documentation.