Details
Our client sees great potential in the growing metaverse economy embracing a variety of play-to-earn games, guilds, and gaming communities. Thus, they decided to build a solution that will help blockchain and metaverse startups accrue capital and kick into high gear. In the meantime, the platform will ensure the projects listed are of high quality and reliability.
Besides, GuildPad will function as a Decentralized Autonomous Organization (DAO) meaning that users will make decisions on governance processes via open voting.
Together with the client, we set the following goals for the GuildPad project:
Make it easy to invest in blockchain projects
Simplify fundraising for metaverse startups
Safeguard investors from scams
Have an idea of a blockchain project?
Let’s put it to action.
Have an idea of a blockchain project?,Let’s put it to action.
After a deep discovery session, our tech consultants determined the vital platform’s functionality:
The page features information about the platform, future and current IDOs, launchpad tiers, and FAQs.
The profile’s functionality allows users to manage their personal data.
Users can check the current balance of the platform’s native $GPAD tokens and NFTs they own on the dashboard.
On the marketplace, users can create, exhibit, purchase, and trade non-fungible tokens.
Admins can monitor users’ activity via the admin panel.
According to the platform’s functionality and the client’s requirements, we specified four user roles:
Creates new users with different access levels and blocks and deletes users in case they have violated the platform’s rules. Admins can also launch new projects and create NFTs.
Has access to information about the projects participating in IDO and can invest in them. Investors also can buy NFTs from the marketplace.
Represents a project that participates in IDO on the GuildPad platform.
Can access the platform in reading mode only and is able to connect the wallet and go through the KYC procedures.
To add liquidity to the platform, we introduced GuildPad’s native token — $GPAD. The token’s applications include:
Every project that launches on the GuildPad platform will be funded with money from the treasury in exchange for 2% of the project tokens (in $GPADs). The funding will vary depending on the project.
GuildPad also supports several non-fungible tokens: G-COIN, META-COIN, and G-POTION. G-COINs and META-COINs can be staked, while G-POTION serves as a reward for users staking $GPAD and META-COIN.
Why wait to put your game-changing blockchain project into action?
The client needed a well-established blockchain that can swiftly process lots of transactions and not be a heavy load for the environment. Having carefully analyzed a wide range of blockchains available, our experts landed on Solana as the perfect base for the GuildPad project.
In the future, it is planned to support other blockchains such as Ethereum, Polygon, Binance Smart Chain, Fantom, Terra, Avalanche, and Elrond.
Core activities of the GuildPad platform will be automatically managed by smart contracts namely:
Implement the functionality of tokens
Manages investments collection and rewards distribution and monitors users’ KYC statuses and current Tier
Implements the functionality of staking and farming
The contracts responsible for the operation of NFT include:
Is responsible for storing all NFT metadata
Is responsible for managing NFT access rights while it is on sale
Implements the logic of the marketplace and minting
To streamline the platform’s processes while ensuring high-quality safety measures, PixelPlex team came up with a list of trustworthy third-party tools and solutions.
To ensure high-level security on the platform, we suggested integrating Shufti Pro — a reliable KYC compliance and AML screening provider that will prevent fraudulent activities and make sure transactions are safe and sound.
The client requested a reliable crypto wallet making it safe and easy to make transactions and store a wide variety of tokens on the Solana blockchain.
We recommended Phantom Wallet since it supports all the cryptocurrencies on the Solana ecosystem, including USDT, USDC, SRM, RAY, and SOL. It also supports a range of NFTs in different formats: images, audio files, video files, and 3D models. Yet not HTML files.
Phantom is a non-custodial wallet ensuring high security of assets with the help of biometric authentication and the possibility to connect a hardware wallet.
After a deep discovery session, our tech consultants determined the vital platform’s functionality: