✅Apply to Launch
The Onboarding Process for IDO Clients of Openpad AI
Welcome to Openpad AI's detailed, step-by-step guide to onboarding for an IDO. Please carefully review this document before reaching out with any questions in the dedicated group.
Step 1: Due Diligence Process
Initial Questionnaire: To get started, you need to complete our standard questionnaire. You can find it on the "Apply to Launch" page. Please ensure you provide detailed and accurate responses.
Review and Evaluation: Our team reviews all applications weekly and contacts companies that pass the preliminary screening based on the information provided in the questionnaire.
Evaluation Call: The next step involves a call with the founders of your project. You will speak with one of our lead analysts to assess your team's motivation for the long term and its commitment to users. We value teams that are open to feedback and constructive criticism.
Token Metrics and Policy Review: After the call, we review your token metrics, inflation models, and fiscal policies. In many cases, we may suggest changes to create a more sustainable and successful project, drawing from extensive data and expertise gained from hosting numerous token sales.
Acceleration Program: If your project appears promising but lacks essential fundamentals for public trading, we may recommend joining our acceleration program, which typically lasts between one and three months. During this period, we help elevate your project to the necessary standards.
Step 2: Contracts & Legals
Once your project is approved by Openpad AI for a token sale and marketing push, we proceed to the contract stage. At Openpad AI, we provide strong branding and a stamp of approval to all hosted companies. We maintain an impressive track record with over 95% of our token sales trading above the listing price, instilling confidence in users. To preserve our brand reputation and maintain user trust, we require specific documents:
Legal Opinion Letter: A statement from a UK, US, or Singapore-based law firm stating that your coin is not considered a security. We can connect you with suitable law firms if needed. This requirement is also expected by most exchanges.
KYC & AML Compliance: Onboarding of the majority shareholders (>25%) of the company, as described in the legal opinion letter. This is also a standard requirement from exchanges.
Corporate Documentation: We require a certificate of incorporation, articles of association, share and director's registers for the coin-holding companies. These documents should be issued no more than three months before submission.
IDO Contract: A signed IDO contract by either the CEO, CFO, or COO.
Private Sale SAFT for Openpad AI: If we approve a sale to the platform, we require it to be part of the private sale to align interests with our clients and users.
Token Contract Audit: All tokens must undergo an audit, a requirement by Openpad AI and most exchanges. If your project does not have an audit yet, we can assist in organizing one.
Step 3: Marketing, Cap Table & Key-Opinion-Leaders (KOLs)
Initiating the Research Page: The Research Page on Openpad AI's Launchpad is a critical document for investors. It provides comprehensive information about your project, including token metrics, utility, go-to-market strategy, and more.
Infographics: We create infographics for the Openpad AI Launchpad to visually represent key project details.
Cap Table Optimization: Openpad AI often suggests changes to the cap table, backed by data from successful token sales. We aim to allocate resources to value-adding investors and marketers (KOLs) while reducing allocations to unproductive stakeholders.
Token Metrics Confirmation: Verification of token metrics for the Research Page.
KOL Allocations: Distribution of allocations to Key Opinion Leaders, if required.
Marketing Standards: We help you meet specific marketing Key Performance Indicators (KPIs), including social media presence and influencer engagement.
Pre-Announcement Marketing: The duration of this phase varies from one to three weeks, depending on your project's awareness and marketing capabilities.
Step 4: Liquidity Planning, Public Sale, and Exchange Listings
Openpad AI offers treasury management and trading consulting services for an additional fee. These services include marketing consulting, liquidity mining consulting, management of price openings on exchanges, and exchange introductions.
Vesting Contracts: Before listing on exchanges, all tokens must be placed into vesting contracts. These smart contracts automatically distribute tokens according to a defined vesting schedule, ensuring transparency and mitigating concerns of token dumping.
Secondary Market Support: If required, we offer assistance with secondary market consulting, exchange introduction, and management.
Liquidity Pools: Openpad AI provides white-label liquidity pools and helps set up liquidity pools on different platforms.
Market-Making Services: Our experienced traders manage the initial opening of tokens on exchanges to prevent pump-and-dump behaviors.
Market Listings: We work to broker deals between your project and exchanges, with a high success rate of getting projects listed.
Openpad AI ensures a smooth and comprehensive onboarding process, supporting your project's journey from the initial questionnaire to successful exchange listings. We look forward to working with you to achieve your project's full potential in the Web3 ecosystem.
Apply to Launch:
Last updated