GuildPad

Technology consulting for a metaverse-focused decentralized venture capital and launchpad platform

Blockchain

NFT

About the client

GuildPad is a community-governed DeFi platform serving as a bridge between new blockchain and metaverse projects and investors. GuildPad carefully checks the projects that apply for financial support, safeguarding investors from encountering scams.

Details

Location:Spain
Date:2022

PixelPlex team has created a thorough development strategy for a DeFi launchpad platform that aims to help blockchain and metaverse-based projects raise funds and assist in development, marketing, partnerships, and public launch.

Business opportunity

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.

Project goals

Together with the client, we set the following goals for the GuildPad project:

1
Make it easy to invest in blockchain projects
2
Simplify fundraising for metaverse startups
3
Safeguard investors from scams

Work done

Detailed development strategy based on a meticulous industry analysis
Vision and scope document
Technology stack specifications
Project landing page
Images for the GuildPad NFT collection

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Details

The key features of the GuildPad platform

The working mechanism of the GuildPad platform

Solution components

After a deep discovery session, our tech consultants determined the vital platform’s functionality:

Launchpad main page
The page features information about the platform, future and current IDOs, launchpad tiers, and FAQs.
User profile
The profile’s functionality allows users to manage their personal data.
Token dashboard
Users can check the current balance of the platform’s native $GPAD tokens and NFTs they own on the dashboard.
NFT marketplace
On the marketplace, users can create, exhibit, purchase, and trade non-fungible tokens.
Admin panel
Admins can monitor users’ activity via the admin panel.

User roles

According to the platform’s functionality and the client’s requirements, we specified four user roles:

Admin
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.
Investor
Has access to information about the projects participating in IDO and can invest in them. Investors also can buy NFTs from the marketplace.
Team Leader
Represents a project that participates in IDO on the GuildPad platform.
Guest
Can access the platform in reading mode only and is able to connect the wallet and go through the KYC procedures.

Tokenomics

To add liquidity to the platform, we introduced GuildPad’s native token — $GPAD. The token’s applications include:

Participation in staking to move to a higher tier or receive $GPAD token rewards
Influencing decisions by proposing changes, giving feedback, voting for or against the project changes on the DAO

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.

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Technologies and tools

Solana blockchain

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.

Why Solana?

High transaction speed — up to 65,000 per second
Low transaction fee — $0,00025
OpenSea support
Rapidly growing DeFi ecosystem

In the future, it is planned to support other blockchains such as Ethereum, Polygon, Binance Smart Chain, Fantom, Terra, Avalanche, and Elrond.

Smart contracts

Core activities of the GuildPad platform will be automatically managed by smart contracts namely:

SPL Token Programs
Implement the functionality of tokens
Launchpad contract
Manages investments collection and rewards distribution and monitors users’ KYC statuses and current Tier
Staking / Farming
Implements the functionality of staking and farming

The contracts responsible for the operation of NFT include:

Token metadata
Is responsible for storing all NFT metadata
Token Vault
Is responsible for managing NFT access rights while it is on sale
Metaplex
Implements the logic of the marketplace and minting

Third-party integrations

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.

KYC/AML

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.

Phantom Wallet

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.

Project features

After a deep discovery session, our tech consultants determined the vital platform’s functionality:

Native $GPAD token and support of three types of NFTs: G-COINs, META-COINs, G‑POTIONs
DAO enabling users to decide on any aspect of the platform
High-level security measures such as KYC, AML, and KYT
Refund in case a project fails
0% commission from the raised funds
Environmental donations: 5% of earnings will be donated to environmental organizations