Red Kitepad Launchpad

Red Kite is a decentralized blockchain platform designed for communities to provide the most efficient tools for funding and increasing user revenue in the crypto space and Web 3.

Date of foundation: in 2021

Core team of Red Kitepad

Thi Truong (Founder)
Luong Hoa (CEO)
Mai Xuan Trang (Head of R&D)
Talyz Tran (Partnership Leader)

More info about Red Kite Launchpad

Red Kite is currently one of the most popular and highly competitive platforms in the Launchpad segment. Thanks to its unique approach to solving key problems such as lack of good marketing tools and lack of investor interest due to scammers, Red Kite achieves very solid results. Thus, Red Kite provides the community with guaranteed fair and safe token sales processes.

In an effort to address key challenges, Red Kite Launchpad leverages top-notch marketing partnerships, opinion leaders, and experienced communities to help crypto startups launch more productively and efficiently through Initial DEX Offering (IDO). For investors, Red Kite provides a secure working environment with an intuitive interface that allows them to participate in IDOs by getting the opportunity to buy tokens of promising early-stage blockchain projects before they enter the public space. In addition, Red Kite takes user safety very seriously, so a team of ecosystem experts conducts a thorough manual vetting of crypto projects before they are accepted into the IDO list on the Red Kite Launchpad.

So, in Red Kite launchpad architecture implements the IDO lottery model or based on the principle of Whitelists. In this way, anyone who joins the ecosystem and registers for the selected project can participate in IDO and get the coveted allocation. At the same time, the platform has a system in which only those users who hold a certain amount of internal PKF tokens in staking pools can get guaranteed allocation.

And to achieve a fairer IDO model, Red Kite has implemented 2 types of pools:

IDO Pool
Community Pool

The procedure for Initial DEX Offerings on Red Kite is as follows:

Phase 1 for PKF stakeholders with guaranteed allocation from the IDO Pool.
Phase 2 in FCFS format
IDO in Community Pool is done as First Come First Served for absolutely all users, without staking tokens and KYC.

Also, Red Kite implements a multi-level system divided into several Tiers:

Dove – 500 PKF
Hawk – 5000 PKF
Eagle – 40000 PKF
Phoenix – 80000 PKF

Each Tier is an incentive tool and is endowed with specific parameters that provide additional bonuses to stakeholders in the form of increased allocation and yield per steak, respectively. Details on how Tiers works in Red Kite can be found in the official documentation.

Moreover, as an additional motivation and to increase investor opportunities, Red Kite provides a reputation system for long-term PKF staking. That is, the longer a stakeholder holds PKF tokens, the more points he receives, respectively – the higher his reputation in the ecosystem and the more bonuses received.

You can read more about how Reputation Point works in the Red Kite Launchpad on the official blog.

Token PKF

PKF is an internal token that preserves the value of Red Kite, which is responsible for the security of the network. At the same time, PKF is a utility token that exposes holders to the more unique features of the platform, rewarding its holders for staking, farming, and participating in IDO projects.