Token Utility

MergePad token ($MGPAD) is a utility based token built on the BNB Smart Chain. The $MGPAD token will drive the governance on the Mergepad protocol. Investors can stake $MGPAD tokens in various tiers and thus achieve rights to participate in the token governance, voting rights, or earn privileges to invest in top projects on the platform.

The MergePad token holders are rewarded with game theory incentives to behave in honest ways and for supporting the ecosystem. Staking Tiers create multiple profiles for investors with different privileges like guaranteed allocation, extra allocation, headstart time, etc. Also $MGPAD holders can earn passive rewards from their holdings, by simply staking their $MGPAD in our Staking program.

The MergePad project is a truly decentralized protocol therefore, all MergePad token holders have total control over the protocol. They have the rights to vote for projects, decision making for protocol upgrades and fixes. The community will decide which chains MergePad will expand to and in what order. The priorities of the community shall be the priorities of the MergePad protocol.

$MGPAD tokens will be used for paying the following types of fees:

Project Listing Fee- To create an IDO pool on MergePad launchpad, the project team needs to pay some fees to MergePad platform. On other launchpads, this fee is generally paid in the native token of the network on which the project is built on like BNB/ETH/SOL/MATIC. But on MergePad, this fee will be paid in $MGPAD tokens only.

Fundraise Fee- When a project will raise funds in IDO on MergePad launchpad, a small percentage of funds raised is charged by the launchpad platform for the infrastructure costs. This fee will also be accepted in $MGPAD tokens.

Support Fee- Most project require pre IDO services that help them to launch their IDO successfully. MergePad ecosystem will provide lots of services that are useful in pre and post IDO activities. These services include KYC, Audit, AMA, social media promotion, digital marketing services, smart contract development, consulting, etc. Partners in the MergePad ecosystem will accept a portion of payment for services in $MGPAD token as well.

With time the supply of #MGPAD tokens will decrease by burning mechanism. This will boost the incentives for $MGPAD token holders.