03 Oct 202100:40
AMA
Nearpad AMA Recap
Myko (CryptoDiffer)
Hello, everyone!😁 We are glad to meet here:
Aiden Knox, Founder
Hyouka, CMO
Hyouka
Hey guys glad to be here! Myko (CryptoDiffer)
Welcome Hyouka! Hyouka
Cheers 🙂 Aiden Knox
Hey guys! Myko (CryptoDiffer)
Hey, Aiden Great, now all here, let's start with our introductory questions
Q1: Can you introduce yourself to our community?
Hyouka
Hi there! My name is Hyouka and I handle a bit of operations, marketing and product at NearPad 🙂 Aiden Knox
My name is Aiden, and I’m the founder of NearPad. Been in the crypto space for a few years now and have experience building through the whole stack. Myko (CryptoDiffer)
Okie, let's now take a closer look on the project itself Q2: Can you introduce NearPad to us?
Aiden Knox
NearPad is defi hub building for Aurora(Near’s evm layer 2 solution). We currently have a launchpad released earlier this month, have product pipelines for a dex and yield farm aggregators. Hyouka
NearPad is the DeFi hub for Aurora. Aurora is an EVM-compatible layer 2 on Near Protocol. (Think Matic, but let’s you do ETH stuffs on Near Protocol)
What exactly does NearPad do? It’s a launchpad, a yeild aggregator, DEX aggregator and a Incubator for those looking to build on Aurora/Near!
Aiden Knox
Yep, we also are working early stage products helping them incubate under NearPad. We want to see the basic fundamental protocols for Aurora/Near be built, and are actively working to build that. Myko (CryptoDiffer)
Superb! The last introductory question is Q3: Let`s now talk about the milestones you have achieved so far and about your upcoming plans?
Aiden Knox
We launched our first product, a launchpad earlier this month. Announced that Pulse market will be the first project to do an IDO on NearPad. Upcoming we’re looking forward to deploying on Aurora as soon as it’s ready to handle us. We began development work on the dex, which we’re really excited for. We have some partnerships in the line that will be also announced in the coming weeks.
But the bigger picture that I’m really happy about it that we are playing a huge role in the Aurora/Near ecosystem by really being the first builders to push forward more growth to attract others. We successfully raised funding, deploying, and building community. We hope to see more devs and projects come to Aurora and Near, and we can serve as an example that they can do it on this new ecosystem.
Cryptodiffer Community
You point out that Aurora is the missing piece for the NEAR ecosystem, but could you really tell us why this EVM of the ETH network is so important to NearPad? Could it be that it is not compatible with other technologies? Aiden Knox
Eth has a huge network and liquidity effect. Having an evm compatible layer with arguably the best, most decentralized bridge will be key allowing the before mentioned dev network and liquidity to move to Aurora/Near. Cryptodiffer Community
🎋🎋🎋What is the most hidden potential that NearPad's want to bring out from near blockchain? Hyouka
We think the major hidden potential is just the speed and scalability of Near + Aurora. We were exploring technical feasability until we stumbled on Near protocol and exactly how they were addressing scalability on their L2.
The community is beginning to realize the potential of this tech, especially when I am seeing tweets like this on my timeline, it’s really like nothing else 🙂
https://twitter.com/zmanian/status/1429925759078961162?s=21
https://twitter.com/evan_van_ness/status/1429924278632390656?s=21
Cryptodiffer Community
❄️❄️❄️Are you going to do a buy-back for 150,000,000 PAD coins? Will you reduce the circulating token supply? Can you tell us about your 2022 plans to ensure the stability of the PAD token? Aiden Knox
We have some ideas where the PAD token is going to play a major role with the other products we’re also building such as the dex and yield aggregator. Considering a deflationary model, value accrual and distribution, etc. ultimately the community via the DAO will be able to have a voice in those decisions. Cryptodiffer Community
What is the ultimate vision that NearPad is trying to achieve within the cryptocurrencies market? Obviously the whole space will experience huge growth in the upcoming years, but what role would you like NearPad play in this? Aiden Knox
We want to be the driver that pushes DeFi and growth on Aurora and Near. From us building some products like launchpad, dex, etc to incubating projects to build other products like lending and borrowing, synthetic assets, etc. Cryptodiffer Community
How to keep the motivation for holding $PAD tokens long term? How is $PAD token used? Hyouka
Our PAD token provided a unique composability. The usecase for our token is staking the token for guaranteed alloaction, voting for protocol changes and additional, voting for project incubation!
Cryptodiffer Community
NearPad will be having its first IDO as a Launchpad with Pulse (a super fast and efficient prediction market application). What do users need to have in place in preparation for participating in the IDO? Is there already a date set for the IDO? What are the major qualities you see in Pulse that makes it befitting to be the first project having an IDO on the NearPad? Aiden Knox
Interested participants will need to get PAD tokens and stake them in order to qualify. Exact details about the pulse sale will be announced in the coming days. We’re really excited for Pulse. They are a community lead project with extremely high engagement and useage. Believe they had well over 15k users for the prediction markets. This is really great to see because people did this without a token being out, meaning they really like the product.
Cryptodiffer Community
Quickswap & Pangolin are your Competitors in The dex Field, What major Features do you plan to bring on your dex?
Why was this dex Neccessary?
Aiden Knox
They are on different platforms, Polygon and Avax respectively. We’re are going to be the first for Aurora, plus we are planning for a huge announcement when we do launch the DEX. Something we haven’t seen other projects have done in other chains before. Stayed tuned for that, should be a game changer. Cryptodiffer Community
What efforts does NearPad community have to play in the pitching, screening, and voting of projects? What efforts is NearPad putting to be the flagship gateway for DeFi ecosystem on NEAR blockchain?
@aidenknox
Aiden Knox
Currently we have a process of vetting and deciding on what projects to list on our launchpad, but as we set the infrastructure up more and more we’ll start allowing community to pitch for projects and vote to decide who to list. In terms of effort, we’re one of the first to raise and deploy. And we’re working very hard to make sure we help push forward the other legos of DeFi on Aurora & Near.