InvestDex Announces Strategic Partnership With KickPad
InvestDex is pleased to announce its strategic partnership with KickPad, the first-ever cross-chain Community Airdrop Platform (CAP).
KickPad has achieved remarkable results since its launch in March 2021. In just a few short months of operations, they’ve managed to become a well-renowned name in the Binance Smart Chain ecosystem.
We’re partnering up with the team behind KickPad to promote our charting tools and investing workstation to users and investors in early-stage projects hosted on the Binance Smart Chain protocol. KickPad will be using our charting tools for their projects, allowing their community to leverage our unique tools and features to make sounder trading decisions.
Who is KickPad?
KickPad started as an IDO launchpad and incubator built on the BSC network built to mitigate the problem of rug pulls associated with liquidity provision persistent on the protocol. However, they recently transitioned and rebuilt their platform to become the first-ever Community Airdrop Platform in the cryptosphere.
The BSC protocol has quickly become the go-to place for retail crypto investors primarily due to two reasons: fast transaction settlements and cheap transaction fees. As many of you have undoubtedly noticed, Ethereum gas fees have been off the charts lately, reaching up to $150 per peer-to-contract transaction in the heat of the bull run. As a result, many retail investors were effectively priced out of the Ethereum ecosystem and opted for using the much cheaper and faster EVM-compatible Binance Smart Chain.
And while BSC unquestionably offers many benefits to retail investors, due to the low barrier to entry for projects and the massive influx of new retail users into the space, the ecosystem is currently facing severe issues with shady projects launching solely for the purpose of scamming unassuming investors.
However, KickPad recently expanded beyond the Binance Smart Chain ecosystem to include Polygon (MATIC) and the Ethereum network and switched from offering IDO sales to an airdrop-based token distribution system. Namely, new or existing projects that wish to expand their userbase and distribute tokens to a wider audience can use the KickPad platform to do free airdrops to a large community of KickPad stakers. For users, the benefits of this model include access to token airdrops from projects hosted on multiple blockchains, access to projects that are already live, and no need for bidding and dealing with confusing UI’s, price calculations, etc. Projects using KickPad, on the other hand, can obtain the same excellent marketing support and community-building benefits they could before, but with far less sell pressure upon launch, as is the case when going the IDO route.
We hope our partnership with KickPad will be a long-lasting one as both the KickPad and the InvestDex communities have much to gain from this collaboration. KickPad will assist us in gaining significant exposure within the growing Binance Smart Chain and Polygon ecosystems and, through our proprietary investing tools, we’ll help the same community make sounder and more well-informed trading decisions.
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