NFT Holders Get Exclusive Benefits in IDOs

AnubisPad announced to launch the presale of its native token, $ANU, at 13:00 UTC on April 23rd, 2023. The $ANU staking will begin at 7:00 UTC on April 24, 2023, and the NFT staking will begin at 13:00 UTC.

AnubisPad aims to support and launch potential projects on zkSync and Arbitrum networks. The launchpad is reportedly the first platform on Arbitrum and zkSync Era to integrate the NFT holder feature with benefits when participating in IDOs. 

AnubisPad will have a four-tiered structure for IDO participation: Bronze, Gold, Platinum, and Diamond. 

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Working of AnubisPad:

Whenever an AnubisPad pool halts accepting whitelist membership, each member's ranking and token allocation are determined using the snapshot method.

According to the protocol, whitelisted members are required to maintain the same or better ranking until the pool's sale has been completed. During this period, anyone who drops in ranking will no longer be eligible to be included in the pool. After the snapshot, users can stake $AnubisPad in the following pools to improve their performance. 

The protocol also offers an IDO refundable feature that lets investors observe the performance of a newly listed asset on the market while getting their capital back within 24 hours after the token is listed on the DEX.

As per AnubisPad, if all investors refund their IDO tokens, the project will benefit as there will be no sell pressure, and investors will go to DEXs to get the tokens, causing the price to increase.

By 2024, Arbitrum and zkSync Era are expected to have a combined market capitalization of $10 billion.

Arbitrum is a layer-2 solution that adds privacy features to Ethereum smart contracts while improving speed and scalability. Whereas,  ZkSync offers Ethereum scalability and privacy based on zero-knowledge (ZK) rollup architecture for "unlimited" Ethereum scaling. 

Arbitrum is leading the Layer2 network ecosystem with a total volume locked (TVL) at $6.44 billion, whereas zkSync has a TVL of $242 million.

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What is AnubisPad:

AnubisPad is a launchpad, DEX, and DAO platform based on Arbitrum and zkSync Era. The platform will provide projects with access to a variety of solutions, such as marketing support, advice, technical support, and decentralized fundraising, from a network of ecosystem partners and prominent stakeholders.  They aim to support innovative projects on the verge of mass market adoption.

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Learn more about AnubisPad:

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