What is TPAD?
TPAD is the native token of the TrustPad platform. TrustPad is a multi-chain fundraising and IDO (Initial DEX Offering) launchpad designed to provide a fair and secure token issuance environment for blockchain projects. The project was originally launched in April 2021, and underwent a tokenomics upgrade in November 2023 with the introduction of TPAD 2.0.
TPAD Issue Price and Supply
According to official announcements, the TPAD 2.0 version went live in November 2023 with an initial listing price of $0.01.
- Total Supply: 1 billion tokens (1,000,000,000 TPAD 2.0).
- Initial Circulating Supply: 6.25 million tokens, accounting for approximately 0.625% of the total supply.
- Initial Market Cap: Calculated based on the issue price and initial circulating supply, it was approximately $62,500 at launch.
- Fully Diluted Valuation (FDV): Calculated based on the issue price and total supply, it is approximately $10 million.
TPAD Utility and Use Cases
The TPAD token plays a core role in the TrustPad ecosystem, with its main functions including:
- IDO Participation: Users need to stake TPAD tokens to gain eligibility for participating in IDOs for projects launched on the platform.
- Governance: TPAD holders can vote on key platform decisions.
- Staking Rewards: Users can earn a share of platform revenues or other rewards by staking TPAD tokens.
The primary purpose of introducing TPAD 2.0 was to optimize the tokenomics model, adjust investor token release schedules to reduce market volatility, and support the long-term development of the ecosystem.
Historical Price Performance and Market Status
The TPAD token reached an all-time high of approximately $1.50 during the early stages of the project in April 2021. Since then, alongside cyclical changes in the broader crypto market, its price has experienced a significant correction. Following the launch of TPAD 2.0, its price trend has been closely tied to the development of the platform's ecosystem, overall market sentiment, and the performance of specific IDO projects.
Currently, TPAD can be traded on exchanges that support the token. Please verify its listing status and liquidity independently before trading.
