What is FACPad?
FACPad is a protocol designed for cross-chain token pools and auctions, allowing projects to raise capital in a decentralized, permissionless, and interoperable Fahrenheit Chain environment.
FACPad allows projects to raise funds from a community of professional and retail investors. The future of fundraising will be decentralized, but it will only scale if it allows for an interoperable token swap through a well-regulated platform and an incentivized community.
The FAC/wFAC token plays an important role in the Fahrenheit ecosystem by being a token for staking and governance. Both of these features are essential to attract and retain high-quality community members long-term as token holders who share the vision of both FACPad and projects that use FACPad's platform. to raise funds.
Startups and projects can raise funds on FACPad’s interoperable and decentralized infrastructure.
This technology can also have other applications outside of fundraising, such as:
- Closed OTC deals with password protection
- Discounted sales with whitelisted addresses
- Token pools will include dutch and sealed-bid auctions
Staking is an important feature of the Fahrenheit Ecosystem and a use case for the FAC token. Staking allows:
Incentivize providing liquidity.
Access to Pool Rewards.
Access to oversubscribed token sales.