NFTPAD — Frequently Asked Question

· Q1. What is NFTPAD?
· Q2. What wallets can I use to stake in the NFTPAD?
· Q3: How do I stake on the farming pools to earns rewards?
· Q4. How to participate in a Launchpad event?
· Q5. What tokens can I stake to join NFTPAD IDO launchpads?
· Q6. What is Total Point? How to get it?
· Q7. Do user ranking criteria for NFTA IDO include “Total points” from both Binance Smart Chain and HECO Chain networks?
· Q8. If I provided a HECO Chain wallet address in the application form, can I still stake SOTA from Binance Smart Chain instead of SOTA HRC20?
· Q9. How do I buy SOTA?
· Q10. How do I get SOTA LP or NFTA LP tokens to stake?
· Q11. How to participate in a Farming Pool and claim rewarded tokens?
· Q12. What is WBNB and how to unwrap WBNB to get BNB?
· Q13. What is Token Vesting?
· Q14. How to claim tokens from a Vesting pool?
· Q15. What is Locks?
· Q16. How to view the created locks?
· Q17. How to create a Lock?
· Q18. What is the fee for creating a Lock?

Q1. What is NFTPAD?

NFTPAD is a launching platform for crypto-related projects. The platform’s activities include launchpads and farming pools.

Each Launchpad is a fundraising event for a crypto token in which an investor can register to purchase the launchpad token. The participation requirements may be different depending on the launchpads.

A Farming Pool is an event where users can stake a token and claim interests in the pool’s rewarded token. Each farming pool has a rewarding period.

Q2. What wallets can I use to stake in the NFTPAD?

The NFTPAD currently accepts staking from MetaMask wallets.

Q3: How do I stake on the farming pools to earns rewards?

If a pool’s status is on-going then you can stake to earn rewards. Please follow our social media to get the latest updates on new pools. To stake and earn rewards in farming pools please refer to the following manuals.

Note: When the pools are closed, you should unstake to get back tokens to your wallets.

SOTA farming pools: https://sota01.medium.com/how-to-stake-sota-and-sota-lp-tokens-on-nftpad-to-earn-rewards-112141cfa069

NFTA farming pools: https://sota01.medium.com/nftpad-tips-how-to-stake-nfta-lp-tokens-on-nftpad-to-earn-rewards-f6a182f5853b

Q4. How to participate in a Launchpad event?

To participate in a Launchpad event, please follow below steps:

  1. Choose your network then click on “Connect Wallet” to connect your wallet to NFTPAD. Make sure you are on the right network
  2. Once your wallet is connected successfully, choose the Launchpad event you want to participate in, click “View Detail” to go to the Launchpad detail.
  3. Click on the Medium links at the Launchpad Details section and confirm the IDO details and requirements.
  4. Click “Register” to open the detailed registration form.
  5. Fill in the required information and submit the form.
  6. Stake to get Total Points to be eligible for the IDO requirements.
  7. Once the event ends, the accepted registers will receive emails with detailed guidance to complete the transfer of purchasing tokens and received launchpad tokens.

Q5. What tokens can I stake to join NFTPAD IDO launchpads?

You can stake either SOTA BEP20/SOTA-BNB_LP, or SOTA HRC20/SOTA-HT_LP to participate in the NFTPAD launchpads.

a) To stake SOTA BEP20 or SOTA-BNB_LP, please select “Binance Smart Chain Mainnet” network on the top right corner, set your MetaMask wallet to the same network, and then connect your wallet. Click on “Stake” on the menu bar, then proceed to stake either SOTA BEP20 tokens or SOTA-BNB_LP tokens from your wallet.

b) To stake SOTA HRC20 or SOTA-HT_LP, please select “HECO Chain Mainnet” network on the top right corner, set your MetaMask wallet to the same network, and then connect your wallet. Click on “Stake” on the menu bar, then proceed to stake either SOTA HRC20 tokens or SOTA-HT_LP tokens from your wallet.

Q6. What is Total Point? How to get it?

Total Point can be used as a criterion for the allocation of tokens in a Launchpad event. A user’s Total Point is calculated by the amount of SOTA and SOTA LP tokens on each network which the user staked.

The current formula for Total Point calculation (subjected to changes) is:

For Binance Smart Chain (BSC): TOTAL POINT = SOTA*1 + SOTA-BNB_LP*1.5

For Houbi Eco Chain (HECO): TOTAL POINT = SOTA*1 + SOTA-HT_LP*1.5

To increase/decrease your Total Point, please follow below steps:

1. Choose your network then click on “Connect Wallet” to connect your wallet to NFTPAD. Make sure you are on the right network.

2. Once your wallet is connected successfully, click on “Stake” in the header navigation menu to go to the “Stake” section.

3. Click on “Stake/Unstake” to stake or un-stake your tokens.

4. Choose the token you want to stake or un-stake.

5. Input the number of tokens you want to stake or un-stake

6. Approve the authorization for NFTPAD to transfer your tokens (1st time only) then confirm the transaction.

Q7. Do user ranking criteria for NFTA IDO include “Total points” from both Binance Smart Chain and HECO Chain networks?

Yes, if a user stakes on both networks from the same wallet address, then user ranking criteria for the wallet address will include “Total Points” from both networks.

Q8. If I provided a HECO Chain wallet address in the application form, can I still stake SOTA from Binance Smart Chain instead of SOTA HRC20?

Yes, as long as the BsC wallet address used for staking is the same to the wallet address that you provided in the registration form then it is possible.

We will link the wallet address with your profile in the registration form.

Q9. How do I buy SOTA?

You can buy SOTA from Pancakeswap (or MDEX) by clicking on the button “Buy SOTA” on the launchpad. You can also refer to the following complete instructions to buy SOTA.

https://sota01.medium.com/sota-beginners-guide-how-do-i-exchange-sota-token-b4841c88fb98

And refer to the following instruction to swap between SOTA ERC20 and SOTA BEP20/HRC20:

https://link.medium.com/Ecp6kuAGggb

Q10. How do I get SOTA LP or NFTA LP tokens to stake?

You can provide liquidity to the SOTA-BNB or NFTA-BNB pools on Pancakeswap, and the SOTA-HT or NFTA-HT pools on MDEX exchanges to get these LP tokens.

Please refer to the following manual to get SOTA LP tokens: https://sota01.medium.com/how-to-stake-sota-and-sota-lp-tokens-on-nftpad-to-earn-rewards-112141cfa069

Please refer to the following manual to get NFTA LP tokens: https://sota01.medium.com/nftpad-tips-how-to-stake-nfta-lp-tokens-on-nftpad-to-earn-rewards-f6a182f5853b

Q11. How to participate in a Farming Pool and claim rewarded tokens?

To participate in a Farming Pool, please follow below steps:

  1. Choose your network then click on “Connect Wallet” to connect your wallet to NFTPAD. Make sure you are on the right network.
  2. Once your wallet is connected successfully, choose the Farming Pool you want to participate in.
  3. Click “Stake” to stake your tokens into the pool and start to earn the pool rewards.
  4. Click “Claim” to transfer all of your accumulated rewarded tokens from the pool to your wallet.
  5. Click “Un-stake” to un-stake your tokens from the pool and stop earning the pool rewards.

Q12. What is WBNB and how to unwrap WBNB to get BNB?

WBNB is the “wrapped” version of BNB — the native currency of Binance Smart Chain. Due to the difference in technical standards, BNB cannot be traded with other tokens so some of our farming pools give out WBNB as pool token rewards instead.

You can unwrap WBNB in your wallet to get BNB on a 1:1 ratio using the exchange function on exchange platform such as https://exchange.pancakeswap.finance/#/swap (choose from WBNB to BNB) or unwrap directly on your Metamask wallet following this guide from Binance https://www.binance.org/en/blog/what-is-wbnb/

Q13. What is Token Vesting?

Token Vesting is the activity in which project tokens are distributed to a list of receivers (for example participants in a launchpad event) during a period of time. On NFTPAD, once the admin sets up a Vesting pool, the user who is on the list of receivers can go to Token Vesting page and claim their tokens according to the pool’s vesting schedule.

NFTPAD currently supports Token Vesting on Ethereum (ETH), Binance Smart Chain (BSC) and Houbi Eco Chain (HECO).

Q14. How to claim tokens from a Vesting pool?

To claim tokens from a Vesting pool, please follow below steps:

1. Go to nftpad.finance, choose your network then click on “Connect Wallet” to connect your wallet to NFTPAD. Make sure you are on the right network.

2. Once your wallet is connected successfully, click the Vesting section on the header menu to go to the Vesting page.

3. Vesting page shall display all Vesting pools available for your connected wallet address. You can claim tokens once the vesting duration starts.

4. Click “Claim” to transfer all of your accumulated vesting tokens from the pool to your wallet.

Q15. What is Locks?

Locks is a decentralized solution on NFTPAD which allows blockchain projects to lock their tokens and Liquidity tokens in a non-custodial, time-released smart contract vault. Our smart contracts ensure that the locked tokens are kept securely in the lock and shall not be used for any other purposes during the promised locked duration.

NFTPAD currently supports Token Locks on Ethereum (ETH), Binance Smart Chain (BSC) and Houbi Eco Chain (HECO).

Q16. How to view the created locks?

Once created, all locks on NFTPAD are published with lock details and token information regardless of chains in a friendly, easy-to-read interface.

Anyone can view such data without the need to connect wallets by clicking on the Locks section on the header menu.

Q17. How to create a Lock?

To create a new Lock, please follow below steps:

1. Go to nftpad.finance, choose your network then click on “Connect Wallet” to connect your wallet to NFTPAD. Make sure you are on the right network.

2. Once your wallet is connected successfully, click Locks section on header menu to go to Locks page.

3. On Locks page, click the tab Your Locks.

4. Click Add Token Lock button to open the Create New Lock popup.

5. Choose the token type and input the address of the token you would like to lock from your connected wallet.

6. Select the token from the dropdown search result.

7. Input the number of tokens to be locked and the locked duration.

8. Click confirm to transfer the locked amount to the smart contract vault for the locks creation.

9. All your created locks shall be displayed on Your Locks page, where you can extend the locked duration (anytime) or withdraw the tokens (after unlocking date).

Q18. What is the fee for creating a Lock?

Currently, there is NO FEE to lock liquidity or other ERC-20 tokens on NFTPAD.

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SOTA Finance- a multi-chain digital content NFT P2P marketplace for creators and collectors. Visit us at sota.finance

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