KICKPAD — Tutorial And General Overview

*KickPad: Guaranteed-allocation IDO sales on IDO Platform*

*KickDEX: Rugpull-mitigating open Presale Platform*

Summary

  • The Kick ecosystem has 2 separate parts: the KickPad and the KickDex
  • KickPad is an IDO Launchpad on Binance Smart Chain that allows $KPAD holders to get allocation in exclusive presales
  • KickPad’s IDO Launchpad guaranteed stakers and holders allocation
  • Democratized private and public rounds for stakers and holders.
  • KickDex is a presale platform on Binance Smart Chain that automatically adds liquidity to PancakeSwap. Also, Liquidity tokens are automatically locked for a specified period of time, helping to prevent rugpulls.
  • KickDex lets you invest in presales, while knowing that liquidity will be added to PancakeSwap, and LP tokens will be automatically locked up.

Preface

This article aims to understand the current problems of DeFi while highlighting how KickPad solves some of them. This project’s motivation is represented by the ongoing scams and rug pulls that are presently destroying the potential of decentralized finance. KickPad intends to bridge investors closer to a safer crypto experience. To do this, the team has mainly two goals. 1. Making Defi safer and more straightforward. 2. Democratizing and equalizing IDO launches for the casual crypto investor. These goals directly connect to two known problems.

The first problem is rug pulls, making Defi less secure, often done through removing liquidity, rendering the token worth useless. KickDex’s presale platform will fix one of these problems — liquidity locking. These current manual measures are made automated and trustless via KickDex’s smart contracts. They are rendering liquidity pulling useless for bad actors.

Additionally, a genuine problem with how presales work in crypto is that influencers, venture capitalists, and well-connected people receive allocations for private/presales. This often makes normal users miss out on early investments. KickPAD will give holders and stakers of the token priority by using “Pool Weight Score,” allowing retail investors to partake.

The Article will be split into two sections. Section 1 will explain what KickPAD is, the vision, and its function. Section 2 will be a how-to guide of how the website works, showing you how the whole process works from creating a pool, joining a pool, and managing your pool.

Section 1: What is Kickpad?

  1. A Brief History Of IDO’s
  2. KickPAD: A launchpad That Prioritizes The Investors
  3. How is Kick different from its competitors?
  4. Presales With Automatic Liquidity Locking & BSC
  5. KickPAD Token $KPAD — Public And Private Rounds

Section 2: Tutorial and walkthrough

  1. Walkthrough of the KickPAD website
  2. Join pool
  3. Create a new sale
  4. Manage your pools
  5. Manage LP lockup contract
  6. How do I buy $KPAD tokens?
  7. How do I provide liquidity?

Section 1: What is KickPad?

1. A Brief History Of IDO’s

Initial DEX Offering or IDO is a modern fundraising model that promises greater liquidity in crypto assets, quicker, more transparent, and fairer trading. The IDO model is the heir to fundraising models such as ICO, STO, and IEO. It is a decentralized approach to fundraising that crypto is trying to disrupt. In crypto, there have been a lot of different ways to raise capital for projects. We have had ICO’s where the project fully manages the raising of funds, IEO’s where the centralized exchanges organize the ICO internally, and now, perhaps the most suitable for crypto- and Defi-enthusiasts IDO. IDO is both ICO and IEO in one, but a centralized exchange is replaced by a decentralized one. IDO is another disruption of traditional finance — specifically targeting fundraising and incubation.

IDO’s has several benefits to its predecessors

  1. Instant liquidity
  2. Instant trading
  3. Cheap and trustless
  4. Decentralized fundraising

However, with a new fund-raising model, there are bound to be new problems as well. Primarily, there are three problems with this model.

  1. Lack of control

You lose the centralized control that you would have through an IEO. There is also no requirement for KYC.

2. Bots buying

A big problem with Defi, in general, is bots. They can perform actions inhumanely fast, leaving real investors behind. It either prevents people from partaking in the purchase, or it can ruin the initial price-movement, instantly spiking the price with an absurd value.

3. Liquidity rug pull

Either the creator of the project does not add liquidity or removes the liquidity, essentially leaving the investors with a valueless token.

2. KickPAD: A launchpad That Prioritizes The Investors

KickPAD is a decentralized presale- and IDO platform based on the Binance Smart Chain. The Kick ecosystem is divided into 2 platforms. The KickDex, our free-for-anyone presale platform has smart contracts that automatically add and lock liquidity after the presale is over — reducing rugpulls and increasing investor confidence. The project aims to address the current problems plaguing DeFi — making it a safer endeavor for everyone to engage with. The platform is built to make it easy for promising projects to launch on Binance Smart Chain to engage in trustless token sales and efficiently lock liquidity. (It is important to note that there are many other ways to rugpull or scam, such as minting new tokens, creating tokens that are un-sellable, and more. KickDex addresses just 1 of these issues, but there are others! Be aware.)

The KicPad IDO platform is the 2nd part of the Kick ecosystem. The platform takes a different approach to IDOs by dividing 70 percent of the project allocations into its private rounds and the remaining 30 percent into its public rounds. All tokens not sold in a private round are added to the public round.

Participants in both rounds are expected to lock their KPAD tokens for a fixed period of time and will be given a ‘pool weight score’ based on their stake vs the total number of tokens in their pool. The higher the weight score, the higher the allocation for each consumer is eligible. It will be possible to achieve a guaranteed allocation in both private and public rounds.

3. How Is Kick Different From Its Competitors?

First of all, who are Kick’s competitors? Considering the competitive edge that $KPAD has with its automatic liquidity lock, specializing in incubating for renegade anonymous teams — There really is no specific competition. IDO platforms have not evolved for the release of anonymous projects, and as a result — scams are not slowing down. Nonetheless, a solution has arrived.

KickDex utilizes full transparency with regards to how a sale is conducted. Investors can see how long the contract owner will lock the liquidity for, sale progress, and sale price. KickDex’s presale platform uses smart contracts which automatically send proceeds to PancakeSwap and lock the LP tokens in their smart contracts. This means that users have a way to run presales and lock liquidity on Binance Smart Chain, which might offer users some comfort and trust in the presale process and allows sellers to avoid common questions such as “how will we know you won’t rug.” All of these actions are fully automated — Essentially making the liquidity rug pull much harder for bad actors. Again, here it is important to note that there are other ways sellers can rugpull, and buyers should be aware and check all contract code! KickDex mitigates one common way of rugpull, but there are others. Be advised!

4. Presales With Automatic Liquidity Locking & BSC

Firstly, to eliminate the unsustainable fees on Ethereum’s ecosystem, all sales on Kick are done through the Binance Smart Chain and uses its native token, BNB, to secure sales. The advantage of using BSC instead of Ethereum becomes apparent in its greater speed, reliability, and cheaper fees — perfectly suited for the casual- and advanced crypto user.

Secondly, to ensure safety and mitigate the problem of liquidity pulling KickDex has developed a specialized platform. During a presale, buyers are shown how much of the sale will be added as liquidity to PancakeSwap, and how long the LP tokens will be locked. After the sale finishes, KickDex’s smart contracts automatically send the selected percentage of the sale to PancakeSwap, creates a liquidity pool, and lock the LP tokens in a second smart contract. The LP tokens are then released to the seller after the duration of time has passed.

During sale setup, sellers define parameters such as

-Sale Price

-How much liquidity is added to the exchange

-How long to lock the liquidity

5. KickPAD Token $KPAD — Public And Private Rounds

The KickPAD native token($KPAD) is a membership utility token. It grants holders access to IDO Launchpad deal-flow, information flow, and specific presale rounds.

Staking or holding KPAD tokens grants holders access to the more restricted projects that are essential and “more exclusive.”

Democratizing IDO Rounds

To make IDO rounds as fair as possible, it offers a private and public round through their IDO platform. A genuine problem with how presales work in crypto right now is that influencers, venture capitalists, and well-connected people receive allocations for private/presales. This often makes normal users miss out on early investments.

KickPad aims to be the equalizer, bringing presale opportunities to the average crypto user. This is done in two rounds: Private and public.

Private rounds:

The private rounds will contain 70% of the tokens sold. To make it as fair as possible for holders, they will integrate “pool weight score,” which determines how much allocation you receive. Pool weight score depends on how many $KPAD tokens you stake. Essentially, this gives every community member a possibility to join presales that are generally unavailable to them.

Public rounds:

It is made for the casual user. No need to stake, only hold. The same principle of “pool weight score” applies, but it depends on how many tokens the user owns.

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Section 2: Tutorial and walkthrough of KickDEX

Before entering our platform, we will show you how you can easily buy $KPAD tokens and provide liquidity through PancakeSwap.

1. Walkthrough of the KickPAD website

https://thekickpad.com/

When you first enter https://thekickpad.com/, there are three main sections. “Access dex”, “connect wallet” and “apply now”.

You can also get a simple overview of ongoing, upcoming, and finished sales.

If you are a project that wants to be listed, you can also scroll down to the “want to be listed?” button. This will take you to an application form.

When you enter https://thekickpad.com/, to interact with the DEX platform, you have to connect your wallet. Thereafter, press “Access DEX”. This will take you to the main platform, where you can explore the KickPAD platform.

https://thekickdex.com

As you press “Access Dex”, you will arrive at https://thekickdex.com/. Read through the guidelines, and press “enter”.

The website has four different sections: Join pool, Create New Sale, Manage Your Pools and Manage LP Lockup Contract. Below here, I will go through all of them in detail through pictures, but if you prefer to be guided by a video, we will soon have that too.

2. Join Pool

This section is for the “buyers” if you intend to join a presale pool.

Here you can see the “Join Pool” section. This is where buyers can indulge in new sales.

When you have typed in a pool address, you will get full information about the project. You can see the percentage of liquidity to be locked, lockup duration, token symbol and name, the swap rate from BNB, and the PancakeSwap listing ratio.

How do you join a pool? As shown above:

  1. Type in a pool address. Quality check that the information is correct, and that this is the correct sale and pool you want to join.
  2. Type in the amount of BNB you want to contribute to the pool.

3. Once the sale has ENDED, the liquidity is automatically locked. Only after this process is done can you withdraw the tokens that you have bought.

3. Create a new sale

This section is for the “sellers” if you intend to create a sale.

This is from the seller side: This is what the page looks like when “filling it out”. Here you need to fill out detailed information about your project such as token address, tokens to sell, token decimal, and sell rate in comparison to BNB.

In addition, you need to fill out “percentage of liquidity to be locked”, maximum liquidity in BNB and tokens, and how long the liquidity lock will last. This information will be fully transparent to the buyer.

After the token information is filled out, a sale/pool is created.

After you have filled out the “create a sale” section, the sale link and pool links are automatically created, as shown above. The “Join Pool Link” can be given to people wanting to join the sale. MAKE SURE TO: save both of these links and keep them in a place you can remember. It will make accessing and managing the pools much easier.

4. Manage your pools

In the “Manage Your pools” section, the seller can end the sale.

Step1 — Create A New Sale

Step2 — Buyer joins the sale

Step3 — Seller comes to “Manage Your Pools” page and ends the sale, gets pancake approval, and adds liquidity

It is important to note that only AFTER the liquidity is added can the seller “Withdraw Sale BNB”. This is done as a security measure for the buyer. They can be certain that the liquidity is locked.

5. Manage LP lockup contract

Final step: When the lockup has expired, the seller can “Unlock LP Tokens”.

6. How do I buy $KPAD tokens?

  1. Go to https://pancakeswap.finance/ Trade page. Press “exchange”.

2. Connect your wallet to Pancake Swap.

3. Your wallet should be connected and shown as seen in the picture. Ensure that the contract address for $KPAD is correct. Type it into the “select token” bar. In this example, we will be using ETH, since $KPAD tokens are not minted until launch.

4. Enter the specific amount you want to trade. If it is the first time you’re trading the token, you first have to “Approve” it. Thereafter, you can “swap” and “Confirm Swap”, set the appropriate gas fees, and press “confirm” on the Metamask notification.

When the transaction is officially completed, you will receive your tokens, which in this case are ETH and BNB.

7. How do I provide liquidity?

  1. Go to the trade section, press “liquidity.”

2. Press “add liquidity.”

3. Write in the token address of $KPAD. In this example, we’ll use ETH and BNB since we have not minted the tokens yet.

4. Set your intended amount. If you have $KPAD and BNB in your wallet, PancakeSwap will automatically split this 50% $KPAD and 50% BNB to provide LP tokens in return. Press “supply”.

5. Press “Confirm” on Metamask.

When the transaction is complete, you will be able to see the transaction in bscscan. Your funds should be both sent and received after a few seconds. You have successfully contributed liquidity and are staking $KPAD and BNB LP tokens. These LP tokens that you receive will be proof of the liquidity you provided.

Learn More About KickPAD:

BSC Trustless Presales and Auto Liquidity Locking. Welcome to the future. TheKickPad.com / TheKickDex.com