With a mission to help grow the KCC ecosystem, PADD Finance introduces its first product called presale-X. Presale-X by PADD Finance is an open tool that can be used by different projects on the KCC ecosystem to run a pre-IDO or an open presale not backed by a launchpad. This tool helps automate the entire presale process through its auto-pay and auto-claim feature.
One of the major problems that Presale-X will help to tackle is that of rug pools. Recently, lots of projects have been known to rug immediately after completing their presale phase. Presale-X will help tackle this issue in the KCC ecosystem by making sure that projects are vetted before they can be listed on the platform.
FEATURES OF PRESALE-X
Some of the killer features of Presale-X are;
- AUTO-PAY AND AUTO-CLAIM: With this feature, projects can carry out presales by having users connect their wallets to pay for presale slots. Users also connect their wallets to auto-claim tokens according to the vesting schedule after presale. This solves the issue of manual payment and manual issuing of tokens after presale.
- MULTIPLE PAYMENT OPTIONS: Presale-X offers a provision for both payment in KCS and USDT. In the near future, PADD token will be added as a payment option also. Payment is only available for the KCC network.
- VESTING: Presale-X has a vesting functionality which enables project owners to vest tokens while investors auto-claim according to the vesting schedule.
- ANTI-RUG: Presale-X helps to reduce the number of rug projects in the KCC ecosystem. Projects listed on the platform will be properly vetted and project owners doxxed. With this feature, Padd Finance hopes to decrease rug pools in the KCC ecosystem by 50% hence creating a safer space for investors to invest without fear.
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