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$PAD

Name
Lily Pad
Symbol/Ticker
​
 PAD
Contract Address

Usage

PAD is the native token of PADSwap. It acts as basis of many farms, is used as staking reward in PAD farms and provides a share for development funds.

Tokenomics

Max Supply
200 billion
Burn
Yes, on claim of The Vault backing
Fees / Tax (on sell, buy and transactions)
0%
PAD is a standard token with mint and burn functions, the mint function can only be used by the minter contract. The minter mints an exponentially decreasing percentage of the remaining supply and distributes them to the PAD Farms and development funds. See Continuous Minter Formula / PAD drip for details on the minter.
On every chain PAD is created independently and has its own The Vault.
Overview over the PAD distribution on the BSC
Of the daily drip, 90% are distributed to the PAD Farms and 10% are sent to the development funds. The only address that is allowed to mint new tokens is the minter contract. The only parameters the developers can change in the minter contract are the percentage each farm gets from the daily drip and add/remove new farms. Developers have no incentive to alter the percentage they get from the minter, as this would be quickly spotted by the community and since the minter contract will only mint a small fixed percentage a day, they would lose more from the devaluation (due to lost of trust) of the PAD and TOAD that they hold than they could gain.
​The Vault stores PADs backing, if a user wants to redeem the backing of PAD, the vault will burn that amount of PAD. Lowering PAD supply forever. Making PAD a deflationary token with a rising price floor, continuously increasing the backing and decreasing the supply.
See The Vault for more details.
There is additional burn through the 1% staking, reinvesting and unstaking fees on the PAD solo farm, see PAD Farms.

Continuous Minter Formula / PAD drip

Let
pp
 be the drip pool supply,
dd
 the drip per second with 86400 seconds per day and
ss
 the duration in seconds, then the exponential decay of the drip pool is given by the function
MM
:
M(p,d,s)=p∗(1−d86400)sM(p, d, s) = p * \left(1 - \dfrac{d}{86400}\right) ^ s
The function
MM
 calculates the remaining drip pool supply after
ss
 seconds. For example, if we want to calculate the remaining PAD in a drip pool of 190B after 1 year (31,536,000 seconds) with a drip of 0.13%, we can solve
M(190B,0.0013,31536000)M(190\text{B}, 0.0013, 31536000)
, which gives us 118B PAD remaining in the drip pool after a year.
To calculate the remaining PAD you need the drip pool supply, the drip percentage and the timestamp of contract deployment for the respective chains:
BSC (BEP-20)
Moonriver
Moonbeam
PAD has a max supply of 200B tokens and there was an initial mint of 10B tokens, so
p=190Bp = 190\text{B}
.
PAD has a drip of 0.13%, so
d=0.0013d = 0.0013
.
Deployment of the contract was on May 8, 2021 03:58:26 AM (UTC). To calculate the duration
ss
 you need to calculate the duration from that time to your desired time in seconds. You can use this calculator to calculate the duration in seconds.
Circulating and reward supply of PAD on BSC over time.
PAD has a max supply of 200B tokens and there was an initial mint of 20B tokens, so
p=180Bp = 180\text{B}
.
PAD has a drip of 0.09%, so
d=0.0009d = 0.0009
.
Deployment of the contract was on Nov 1, 2021 04:22:42 AM (UTC). To calculate the duration
ss
 you need to calculate the duration from that time to your desired time in seconds. You can use this calculator to calculate the duration in seconds.
Circulating and reward supply of PAD on MOVR over time.
PAD has a max supply of 200B tokens and there was an initial mint of 20B tokens, so
p=180Bp = 180\text{B}
.
PAD has a drip of 0.09%, so
d=0.0009d = 0.0009
.
Deployment of the contract was on January 11, 2022 07:12:42 PM (UTC). To calculate the duration
ss
 you need to calculate the duration from that time to your desired time in seconds. You can use this calculator to calculate the duration in seconds.
Circulating and reward supply of PAD on GLMR over time.

$PAD in Perspective

PADSwap competes with other Dex on the market. Comparing the market cap of PADSwaps native token $PAD to the market cap of the native tokens of other Dex can give you a perspective on the potential of the $PAD price.
Dex
Potential Price per $PAD
Potential Upside of $PAD
Uniswap
$0,13289
x23841
PancakeSwap
$0,03685
x6611
CurveFinance
$0,03245
x5822
SushiSwap
$0,01413
x2535
Bancor Network
$0,00957
x1716
Raydium
$0,00647
x1160
MDEX
$0,00399
x715
SunSwap
$0,00285
x511
Balancer
$0,00162
x290
QuickSwap
$0,00132
x237
The calculation is based on data from 02.01.2022. The underlying market cap data of the Dex tokens was taken from coinmarketcap.com. The $PAD market cap was assumed to be $457,068 based on a price of $0,0000055740 and a circulating supply of 82B after 356 days of drip.

Launch Details

BSC (BEP-20)
Moonriver
Moonbeam
  • Launch Date: May 8, 2021 03:58:26 AM (UTC)
  • Pre-mint: 10B
  • Fair Launch: No dev / team tokens at launch; No presale and no auction
  • Liquidity: The 10B pre-minted PAD were paired with 2000 TOAD and donated as LP to the reward pool of the TOAD-PAD DPLP Farms. The 2000 TOAD were worth around $105 per TOAD at the time with a total value of $200k with equal parts donated by Snake and KT.
  • Launch Date: Nov 1, 2021 04:22:42 AM (UTC)
  • Pre-mint: 20B
  • Fair Launch: No dev / team tokens at launch
Docs in progress
  • Launch Date: January 11, 2022 07:12:42 PM (UTC)
  • Pre-mint: 20B​
  • Fair Launch: No dev / team tokens at launch
  • Presale:
    • Hardcap: 6000 GLMR
    • Price: 833K PAD per GLMR
  • Liquidity: 118k BUSD in pre-minted PAD donated by Snake and KingToad (preliminary information - will be updated soon)
Docs in progress
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Last modified 11mo ago