VelasPad ($VLXPAD) — Seeding the Fertile Land of Velas

5 min readSep 21, 2021

VelasPad is the first and only officially endorsed launchpad for the Velas ecosystem. Designed to democratize access to the wealth of new projects building on Velas and help fuel the next generation of mass-market DApps leveraging its technology.

Featuring a tiny initial market capitalization, guaranteed allocations, and a generous staking rewards program, VelasPad is set to provide an accessible entry route to an ecosystem on the cusp of dramatic growth.

IDO Date: Wednesday, September 22nd

Staking Eligibility Cutoff: Wednesday, September 22nd, 5 AM UTC

Public Sale Token Price: $0.0050

Allocation Round Opens: Wednesday, September 22nd, 8 AM UTC

#BSCPAD FCFS Round: Wednesday, September 22nd, 1 PM UTC
#ETHPAD FCFS Round: Wednesday, September 22nd, 1.10 PM UTC
#KCCPAD FCFS Round: Wednesday, September 22nd, 1.20 PM UTC
#TRONPAD FCFS Round: Wednesday, September 22nd, 1.30 PM UTC
#ADAPAD FCFS Round: Wednesday, September 22nd, 1.40 PM UTC

Pancakeswap/Uniswap listing:

Pancakeswap Launch: Wednesday, September 22nd, 3 PM UTC
Uniswap Launch: Wednesday, September 22nd, 4 PM UTC

Maximum Token Supply: 1,000,000,000 VelasPad

Public Sale: Wednesday, September 22nd

#BSCPad: 24,000,000 VLXPad
#ETHPad: 16,000,000 VLXPad
#KCCPad: 16,000,000 VLXPad
#TRONPad: 16,000,000 VLXPad
#ADAPad: 2,000,000 VLXPad

Circulating Supply at Listing: 26,000,000 VLXPad

Market Capitalization at Listing: $130,000 USD

Public Sale Vesting Schedule: 10% at TGE, 1 month cliff, rest vested over 6 months

About VelasPad:

VelasPad is an upcoming blockchain launchpad and incubator specifically tailored towards funding and accelerating the next generation of promising projects building on the Velas ecosystem.

As arguably the fastest and most capable blockchain in current operation, Velas takes everything that makes Solana so powerful and eliminates all of its shortcomings by using “artificial intuition” to instantly react to changes in network conditions on the fly — helping to maximize performance at all times.

With its massive throughput capabilities, simple development process, and game-changing support for cross-chain interoperability, Velas is shaping up to become a key figure in the future of mass-scale decentralized applications (DApps).

What Problems Does VelasPad Solve?

In the last several months, Velas has emerged as an incredibly powerful platform for building DApps. But until now, early-stage projects building on the platform have had little to no simple way to solicit funding — which has slowed the growth of the Velas ecosystem.

VelasPad solves this challenge by providing an accessible, democratic launchpad that allows some of the strongest projects building on Velas to easily raise the funds needed to accelerate their growth and simultaneously bootstrap their first generation of users.

Unlike the beginnings of popular blockchains like Ethereum, Solana, Binance Smart Chain — which saw well-heeled investors, hedge funds, and VC funds secure huge returns by backing early stage but soon-to-be pivotal new projects — VelasPad transfers this opportunity to the masses. After all, the same people who help support, promote, and use these new projects and platforms should be the ones that benefit from their success.

VelasPad also solves the problem of project selection. As with all platforms, not every project building on Velas will be a success. Likewise, spotting the difference between a dud and a potential unicorn isn’t always simple when examining projects at their earliest stages of development.

Fortunately, VelasPad is backed by a veteran team that has a wealth of experience in not only scouting strong projects backed by proven innovators. But also pulling out the best of its supported projects and helping them maximize their odds of success. With this, VelasPad helps to ensure participants build their portfolio with only the strongest projects building on Velas — all of which are handpicked by the VelasPad team.

Distinguishing Features

VelasPad is built to not only democratize access to promising projects building in the Velas ecosystem but also incubate some of the most pivotal of these projects — helping to maximize their disruptive potential.

By leveraging the full resources available across the extensive BlueZilla ecosystem, VelasPad is set to supercharge the growth of the Velas product landscape, and deliver the opportunities this brings to users that have staked their VLXPAD tokens.

The VLXPAD token is designed with heavily deflationary tokenomics which help to not only support the long-term growth of the platform, but also reward its most dedicated supporters. In total, a 10% fee will be applied to all VLXPAD sell orders — of which 7.5% will be distributed to VLXPAD stakers in the form of VLX, whereas the remaining 2.5% will be burned. On top of this, a 25% fee will be applied to users that unstake their VLXPAD early — this will be burned.

Beyond this, VelasPad is officially endorsed by Velas and will be actively collaborating with the Velas team to maximize opportunities for users and developers building on the platform. This will include providing a free airdrop of VelasPad projects to those staking native Velas (VLX) tokens, as well as introducing a fast-track route into Velas’ up to $5 million grant program.

With a tiny initial market capitalization of just $130,000, VelasPad looks to provide a fair entry route to the burgeoning Velas ecosystem — for both IDO and secondary-market participants.

How VelasPad Fits Into the BlueZilla Ecosystem

If one thing can be said about the current blockchain landscape, it’s that there is no clear number one platform for building DApps. Each platform has its pros and cons, and has its own place within the landscape.

This is in line with the decentralized nature of the space — development efforts and innovation occur in pockets spread throughout the industry, they are not isolated to any single chain. Fortunately, this provides an opportunity for savvy investors to help support these new projects at the earliest stages and benefit from these waves of innovation.

BlueZilla wants to make this process as simple as possible, by providing a range of tools, solutions, and platforms that provide a great deal of value to the community and help them make the most of their time, effort, and capital. VelasPad represents a crucial next step in this ambition, by helping our community access the burgeoning Velas landscape right at its point of inception.

But more than this, it helps strengthen our ecosystem and deliver opportunities to those that deserve them most.