ChainGPTPad — Introduction and Breakdown
ChainGPTPad
ChainGPT provides the next generation of startups in the cryptocurrency, blockchain and Web3 industries, providing an AI-based infrastructure to help them automate processes and achieve scale at the speed of light.
Introducing ChainGPT Launchpad, a platform that connects the $CGPT community with promising startups in the industry and provides priority benefits and opportunities for community members to participate.
What is the CGPT Launchpad
ChainGPT Launchpad is an IDO platform and incubator for Web3 projects wishing to implement their ideas and create their own token ecosystems.
How does it work
Projects submit applications for participation in the ChainGPT program, undergo a rigorous process of qualitative analysis conducted by the ChainGPT team.
Depending on the level of elaboration and the ability of these projects to meet various evaluation criteria (such as product compliance with the market, viability of the concept, team abilities, etc.), a decision will be made on their inclusion.
Projects that have received approval move into the incubation/acceleration phase, where teams work under the guidance of the ChainGPT mentoring group, and then enter the market through IDO.
Incubation can last from 12 to 18 months and include a preparation stage, a launch stage and a post-launch support stage.
During the preparation, a group of mentors organizes the internal process, optimizes the product systems and helps projects evaluate their roadmaps/action plans.
During the launch, they help with promotions and social coordination.
After the launch, ChainGPT provides consulting support to help the project adjust the course and deal with the nuances that arise when products enter the market.
Acceleration is a shortened version of incubation, which is carried out for 3-4 months. This option is best suited for well-developed teams that need a very specific, limited amount of support.
How does the IDO work
When the projects are ready to be placed on the platform and launch their token ecosystems, ChainGPT will help them prepare a campaign and connect them to the $CGPT community.
After completing the preparation of specifications, token offerings, market rate, duration of sale, etc., the project will be included in the list with a countdown to the opening.
Every IDO listing consists of 3 Rounds
– Round #1 (Guaranteed Allocation)
Top staking tier groups — Silver, Gold, Diamond Tier.
– Round #2 (FCFS)
First Come First Serve — All Tiers
– Round #3 (FCFS+)
First Come First Serve (+) — All Tiers + KOLs + VC Partners + KYC’ed members
If at any point the project reaches the maximum IDO capacity, IDO is immediately terminated and subsequent rounds will not be involved.
What role does $CGPT play
$CGPT acts as a tool to facilitate community participation in bootstrapping projects; an additional layer of the reward system to stimulate membership.
By providing alpha access to participate in IDO, Airdrops and much more, members of the $CGPT community who have placed bets on the threshold number of $CGPT tokens receive priority right to exclusive benefits that startup projects provide to their very first contributors.
How to Participate as an Investor
Users wishing to participate in the IDO offered by the ChainGPT launch pad must meet two criteria:
1) Complete a KYC with our partners, Blockpass
KYC Here
2) Stake $CGPT to accumulate enough points and attain a tier status
Staking and Points System
The betting system for obtaining the status of a qualified Launchpad participant is based on a simple points system.
When scoring points, two factors are taken into account: the amount of tokens at stake and the duration of the bet.
The combination of these two factors allows participants to get into one of four possible categories: Bronze/Silver/Gold/Diamond.
1 $CGPT is equal to 1 point
Each stake pool duration will bring its own point multiplier:
45 days (1% APY) = 1x points multiplier
90 days (3% APY) = 1.3x points multiplier
180 days (5% APY) = 1.5x points multiplier
365 days (8% APY) = 2x points multiplier
Tier System
There are four different levels in the Chaingpt Launchpad: bronze, silver, gold and diamond. Each level has its own advantages.
Bronze
This is the entry level tier designed specifically for users that have limited capital capacities.
Points Required: >2,000+
Pool Weight: 1x Allocation Multiplier
Refund Eligibility: Yes, 100%
Participation rounds: #2, and #3 (FCFS and FCFS+)
Participation in the first round is not guaranteed to all participants of the bronze level. Selected, limited groups of bronze users who will complete social tasks will have access to participate in the first round of distribution.
The social campaign will be initiated via gleam.io and will provide participants with whitelists of opportunities.
Silver
Silver is the second level and the first level, which provides guaranteed access to the first round of participation in IDOL.
Points Required: 20,000+
Pool Weight: Minimum 4x Allocation Multiplier
Refund Eligibility: Yes, 100%
Participation rounds: #1, #2, and #3 (Guaranteed, FCFS and FCFS+)
Guaranteed Whitelist for our future NFT launch
Gold
Gold is the second highest level and the first that provides access to premium crowdfunding at early stages and private sales.
Points Required: 50,000+
Pool Weight: Minimum 10x Allocation Multiplier
Refund Eligibility: Yes, 100%
Participation rounds: #1, #2, and #3 (Guaranteed, FCFS and FCFS+)
- Inclusion in crowdfunding and private sales
- Guaranteed whitelist for our future NFT launch
Diamond
Diamond is the highest and most desirable level for the participants of the launch pad, given the breadth of advantages offered to them.
Given that this is the only level that provides additional token injections and NFT, users of the Diamond level are rewarded for their obligations passively.
Points Required: 200,000+
Pool Weight: Minimum 40x Allocation Multiplier
Refund Eligibility: Yes, 100%
Participation rounds: #1, #2, and #3 (Guaranteed, FCFS and FCFS+)
Inclusion in crowdfunding and private sales
- Issuance of tokens from incubated projects (part of the TT charged by us)
- Periodic stuffing in the form of NFT from our partner network
- Private group for access to private sales and voting (council)
- Freemium access to ChainGPT Artificial Intelligence Tools
Refund Policy
In order to meet the changing needs of market participants and unforeseen circumstances that may arise, ChainGPT has introduced the “refund” option.
Each project will have its own return terms selected by the Chain GT team, usually in the range of 7-14 days.
During this period, users will be able to choose whether they want to participate in the project. The option is only available until a decision is made. If users choose to “declare”, then they lose the possibility of a refund.