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SuiPad Completes $1 Million Financing Round

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According to reports, the Launchpad project based on the Sui blockchain, SuiPad, has announced the completion of over $1 million in financing, with participation from GBV Capital,

SuiPad Completes $1 Million Financing Round

According to reports, the Launchpad project based on the Sui blockchain, SuiPad, has announced the completion of over $1 million in financing, with participation from GBV Capital, RareStone Capital, Cogitant Ventures, Kernel Ventures, Kairon Labs, NewTribe Capital, MoonRock Capital, Extra Watts, Hype, Panony, DAO Maker, Maven Capital, Criterion, Limitless Value Capital, Autonomy Capital, etc. NGCVentures is the sponsor of this round of financing. SuiPad is the first ID0, ISO, and INO Launchpad built on the Sui blockchain, aimed at promoting project development on the Sui blockchain. New funds will be used to develop user platforms, expand markets, and expand employee base. （cryptotvplus）

Launchpad project based on Sui blockchain SuiPad completed over $1 million in financing

SuiPad, the first IDO, ISO, and INO Launchpad built on the Sui blockchain, has announced the completion of over $1 million in financing from various venture capital firms.

Background

Sui blockchain is a decentralized, peer-to-peer blockchain that allows for the creation of smart contracts and decentralized applications. Sui blockchain was launched in 2019 as a fork of the Ethereum blockchain, with improved scalability, inter-chain communication, and privacy features.
Launchpad projects like SuiPad provide a platform for start-ups to raise funds and launch their products or services. These launchpads attract investors from around the world and allow them to purchase tokens at a discounted price before they are listed on an exchange.

SuiPad Raises Over $1 Million

SuiPad has completed its latest financing round, raising over $1 million from a group of venture capital firms, including GBV Capital, Cogitant Ventures, Kernel Ventures, Kairon Labs, and others. NGCVentures sponsored this latest round of financing.
These funds will be used to develop user platforms, expand markets, and expand the employee base. SuiPad aims to promote project development on the Sui blockchain by providing a secure and transparent platform for new projects.

SuiPad’s Unique Features

SuiPad is the first launchpad built on the Sui blockchain, offering users a range of features that set it apart from other launchpads.

IDO, ISO, and INO Launchpad

SuiPad supports three types of token offerings: Initial DEX Offering (IDO), Initial Stakepool Offering (ISO), and Initial NFT Offering (INO). This allows projects to choose the best option for their specific needs and audience.

Improved Scalability

Sui blockchain offers improved scalability compared to Ethereum and can handle up to 5,000 transactions per second. This allows SuiPad to handle a high volume of transactions and maintain fast and efficient processing.

Increased Inter-Chain Communication

Sui blockchain allows for cross-chain communication, which means that SuiPad can support projects from other blockchains. This allows SuiPad to offer a wider range of projects to its users and attract investors from other cryptocurrency communities.

Conclusion

SuiPad’s successful $1 million financing round is a testament to the growth of the Sui blockchain ecosystem. The launchpad’s unique features and improved scalability offer a secure and efficient platform for new projects, attracting investors from around the world.

FAQs

1. What is SuiPad?
SuiPad is the first IDO, ISO, and INO Launchpad built on the Sui blockchain, providing users with a range of unique features to promote project development on the Sui blockchain.
2. Who participated in SuiPad’s financing round?
SuiPad raised over $1 million in financing from GBV Capital, Cogitant Ventures, Kernel Ventures, Kairon Labs, and others. NGCVentures sponsored this latest round of financing.
3. How will SuiPad use the new funds?
The new funds will be used to develop user platforms, expand markets, and expand the employee base, promoting project development on the Sui blockchain.

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