NearPAD aims to refocus blockchain development on solving real, concrete issues instead of chasing abstractions. Built on the NEAR blockchain, it prioritizes interoperability, accessibility, minimal gas fees, and scalability. NEAR’s work has drawn from strong research in the space while avoiding common drawbacks-positioning the platform for broad, mainstream usage.

With the $PAD token, the project’s approach is to set up repeating cycles that drive token usefulness, rather than simply adding a label and moving on. In broad terms, token holders can:

StakeGovernanceEarn Protocol Fees

Stake: To take part in the Token Distribution Event (TDE) for any project launching on NearPad, users must stake $PAD tokens in one of the five pools to qualify. When a user stakes for the first time in any pool, their tokens are locked for 21 days before they can unstake. Each time they join another TDE, the lock period is extended by one week.

In the roadmap piece, we outlined a three-level staking framework, with a starting minimum of 1000 $PAD tokens and a top limit of 10,000 $PAD. After taking community feedback-supported by our own research and modelling-into account, we’ve chosen to update this into a five-tier system:

The entry tier begins at 1,000 $PAD, with a multiplier of 1The second tier starts at 5,000 $PAD, with a multiplier of 1.375The third tier starts at 25,000 $PAD, with a multiplier of 1.75The fourth tier requires 75,000$PAD, with a multiplier of 2.125The final tier is capped at 150,000 $PAD, with a multiplier of 2.5

As mentioned earlier, the DAO can modify this framework or propose fully new models using the governance module.

Governing the Protocol: Governance is often highlighted in DeFi, but many implementations still fall short of real community involvement-reducing participation to clicking buttons that rarely affect protocol-level outcomes. Since blockchain data can’t be undone, risk needs to be evaluated differently-there’s no CTRL + Z button. Still, we believe the crypto community has advanced enough that collective wisdom has real value, reinforced by community contributions that helped shape Yearn and Sushiswap’s ecosystems.

Governance won’t only cover protocol changes. NearPad community members will also take part in proposing, reviewing, and voting on projects by staking their tokens toward the options they prefer. Instead of relying on informal networks, developers can submit proposals for launchpad review by staking $PAD tokens, allowing the community to vote on whether projects should move forward.

To pitch to the community, projects must provide at least enough information for both the core team and community to perform appropriate due diligence. We will publish a first proposal to serve as a starting point, and then refine it based on community feedback.

Earn Fees

The $PAD tokens capture value through these mechanics:

Launchpad: The launchpad charges a 0,5% fee in stable coins. The fee is converted to $PAD and then burned;Yield Aggregator (soon): The next product will be a yield aggregator for farmers, somewhat similar to Autofarm on BSC. The protocol will charge a fee (to be determined by governance) for the higher yields. That fee will be used to buy back $PAD and burn it;DEX Aggregator (soon): A swap-based fee will be collected. That fee will be used to buy back $PAD tokens and burn them;Future products: The $PAD token will be integrated into upcoming products, bringing value to the protocol through treasury or burn mechanisms.