Decentralized presales have been here a while and has been a very good addition to the DeFi environment. While we understand the need to raise funds to create enough liquidity and set aside some for marketing and promotions to bolster the progress of a project, there seem to be an unending cycle of developers creating their project only to abandon them midway, mint more tokens and dump them on the market or remove the sell function and withdraw BNB from the liquidity pool after the lock timer runs out.
While we have a handful of Decentralized presale platforms, there is little security with platforms and the CROOKS keep getting away with their scam. Much like uniswap/pancake swap where anyone can list their tokens, this presale platform allows any token to list a presale opening investors up to some risks like:
Minting — If a token contract has minting it is possible for the developers to mint as many tokens as they may like and dump it on the market
Developer abandonment — The highest risk is developers abandoning a project quite literally immediately after the presale.
HoneyPots — Disallowing sell preventing you from selling our tokens after you might have bought the presale or initiated a trade directly on the trading platform
It is important to conduct your own research into a project before participating in a presale.
While Icepad would not be conducting their presales in a much different way from the known Decentralized presale platforms, we will be coming up with a more secure platform for investors including:
Conducting a check on all presales before start — Developers have to submit details few hours before starting the presales for analysis/audits on their contacts.
Anti bot measures — a more stricter approach to preventing bots from participating in tokens presale and causing mega dumps in projects
Automatically sending tokens to wallet after presale — While most presale use the claiming method to disperse tokens to wallets after presales, receiving them automatically would be much more reasonable and convenient for the users.
Vested BNB — Developers would not be able to withdraw all BNB from presale at once but would be able to withdraw it over a specified period of time to avoid runaway devs. While a significant amount would be released on presale conclusion, the rest will be time locked.
I believe together we can create the easiest and most secure to use presale platform to date.
For more information contact directly on
Telegram: https://t.me/IcePad
Twitter: https://twitter.com/IcePad_Bsc
Or see our website https://www.icepad.co
