Atomiq Pad

A key product of the Atomiq suite is Atomiq Pad, our launchpad. A decentralized launchpad that allows projects seeking early-stage liquidity and enhanced token distribution a place to kickstart their communities.

These tokens will use the MLS standard since we are building atop Mintlayer. The process is relatively simple: To get priority access to token sales on the launchpad, users must stake $ATMQ. The staking is also important to provide a protective layer against any user who, once given an allocation in the sale, doesn’t fulfill their requirement by paying within the allocated time limit.

When a sale is scheduled, the launchpad displays a countdown, and when the countdown reaches zero, users can choose one out of 3 ticket sizes. Users will be randomly selected if the sale is oversubscribed in the allocation requested by users. After allocations have been confirmed, users have 24 hours to complete and deposit Bitcoin into the given address on the platform. The deposit of BTC can be either done as a standard on-chain transaction or with the Lighting Network (LN)

If a user is unable to fulfill their allocated amount in 24 hours, their staked $ATMQ will be slashed as a penalty, and another user who had requested allocation will be randomly selected. This is to prevent users from slowing down the process and making false requests that they do not plan to fulfill.