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The projects that will stand the test of time are the ones that don't just tackle today's problems, but also those of our future. #ElevatePAD aims to bring those projects to life. With a focus on real-world utility and a commitment to ESG (Environmental, Social, and Governance) principles, ElevatePAD is at the forefront of developing crypto projects that make a positive impact on the planet.

Originally developed by Ponyo Impact, a groundbreaking Auto-Impact token with a focus on Coral Reef Restoration, ElevatePAD is now expanding its reach to help other legitimate ESG impact projects come to life. The #Ethereum Blockchain (ERC) powers ElevatePad.

DeFi, blockchain, and #Web3 are still in their early stages, but they're already changing the game. And as these technologies continue to mature and become more integrated into global society, it's crucial that they address the wide range of humanitarian and ecological issues we face. That's where ElevatePAD comes in - leading the charge by becoming the premier #decentralized launchpad for legitimate and impactful ESG projects.

Structure & Process of ElevatePAD

Elevate is a community-driven platform that provides a decentralized launchpad for ESG projects. To be considered for approval, projects must have a legitimate utility that also has a positive ESG impact. The core team members will be vetted by the Elevate Council based on their prior experience and the overall intent of their proposed project. After that, projects must undergo a community vote through the ElevateDAO and a third-party KYC as well as a third-party audit of smart contracts.

Once the project passes all these stages, the ElevateDAO votes on the proposed project, and it is either approved or rejected by the community of $ELEV holders. If the project is approved, 24 hours after approval, the IDO may begin. All raises will be in $ETH , unless the project team proposes otherwise.

Below is the list of IDO tiers for ElevatePAD:

What Is ELEV?

ElevatePAD has its own utility token called $ELEV, which is paired with $WETH (Wrapped Ether). Token holders can benefit from various features, including access to IDOs (Initial DEX Offerings) launched through the platform and the Meme Factory. The initial supply is 5 billion $ELEV tokens.

Each transaction made with #ELEV will trigger a split/burn/buy mechanism to keep the upward pressure on the token. This means that a portion of the tokens will be burned, while another portion will be split among existing holders. Additionally, a part of the transaction fee will be used to buy more $ELEV tokens and lock them in the liquidity pool. This mechanism ensures that the token's value is maintained and even increased over time.

With $ELEV, users can participate in the launch of exciting ESG projects that have been vetted by the Elevate Council and the community. The platform also offers access to the Meme Factory, where users can create and trade NFT (non-fungible token) memes. This feature adds an exciting and unique element to the platform, allowing users to engage in a fun and creative way while also contributing to the growth of the platform.

Below is the tokenomics presented for $ELEV with taxes from transactions:

🟣 1% Donated to the Coral Reef Foundation

🟣 1% To platform maintenance and development

🟣 1% Added to liquidity for sustainability

🟣 1% Added to ElevatePAD treasury

ElevateDAO

With its utility token $ELEV, the platform enables users to vote on the launch of ESG projects, make proposals, and dictate the use of the Elevate Treasury. This gives $ELEV holders the power to shape the future of the platform and support projects that align with their values.

The platform's dApp enables users to participate in the decision-making process and interact with other members of the community. This creates a truly decentralized ESG launchpad that reflects the collective voice of the community. As the community grows, the range of voices will expand, allowing for a more diverse and inclusive ecosystem.

With the power to vote on IDOs, $ELEV holders can help decide which ESG projects should be launched on the platform. This ensures that only legitimate and impactful projects are approved for launch. Additionally, $ELEV holders can propose new ideas and suggest changes to the platform's operations, ensuring that the platform remains agile and responsive to the needs of the community.

The Elevate Treasury is another key feature of the platform that is controlled by the community. The treasury is funded by a portion of the transaction fees collected on the platform, and $ELEV holders can vote on how these funds should be used. This ensures that the funds are directed towards initiatives that align with the community's values and priorities.

Elevate Council

The ten members of the ElevatePAD Council are chosen by the local community. It serves as an overseer and has the authority to approve or condemn ElevateMEME projects and, in rare instances, to veto plans or projects.

Elevate Treasury

Tokens from ElevatePAD IDO projects, ElevateMEME projects acquired through launches, as well as a percentage of the platform fees, will be found in Elevate Treasury. Through the ElevateDAO proposal process, the ElevatePAD community will collaboratively determine the eventual direction of the treasury and the assets contained therein.

Information On ElevateMEME

Elevate facilitates fair launch proposals for impact-focused crypto projects. The ElevateMEME mechanism allows projects to tap into current events or general fundraising for a variety of causes.

To submit a project, a deck, website, and team info must be provided through the platform, followed by KYC verification and smart contract auditing.

To participate in a raise, $ELEV tokens must be burned to be whitelisted, with a maximum raise per ElevateMeme token at 50k USD and a minimum of 1% of each transaction going to charity through The Giving Block.

Elevate Token Factory And Its Requirements

Making a meme token might be a laborious and dangerous endeavor, but Elevate offers assistance. An individual may design an own unique token for any project with the Token Factory dApp. Auto-staking, buy back and burn, marketing tax, increase liquidity — the Elevate Token Factory offers all the cutting-edge features one needs to succeed. Additionally, the new Elevate auditing system automatically tests and secures every contract the Factory produces, protecting it from any fraudulent tampering.

Below are the list of its requirements:

🟣 1% of the total volume of custom token transactions has to be donated to a good cause through its partner, The Giving Block.

🟣 1% of all volume from projects developed and deployed in the Factory will automatically be bought back and burned in $ELEV to support the platform and ecosystem.

Liquidity Locker

All projects are welcome to use Elevate's independently certified Liquidity Locker for .25% of their token value plus .25 ETH.

The Elevate Treasury will receive all tokens, and the Monthly Impact Partner will receive 50% of the ETH and the ElevatePad Treasury will receive the remaining 50%.

About The Coral Restoration Foundation

Prior to Elevate, Ponyo Impact raised $865,000 for the Coral Restoration Foundation, the largest reef restoration organization in the world, using its ground-breaking auto-impact contract. Because the project's team thinks that protecting the oceans is crucial to combating climate change, ElevatePad will keep supporting CRF by donating 1% of each $ELEV Token transaction in $ETH . Visit the Coral Restoration Foundation's website to learn more about them.

Creation Of Elevate NFTs With Utility

Ponyo Impact is presently working on relationships with businesses to produce NFTs that use The Giving Block's platform to raise funds for worthwhile causes. By drawing attention to NFT use cases that are charitable in nature, Elevate NFTs will help to continue that process.

This news is republished from https://coinaquarium.io/

Blockchain technology is a distributed ledger system that allows secure and transparent transactions without the need for intermediaries. The technology gained widespread recognition with the creation of Bitcoin, the first decentralized cryptocurrency. Since then, blockchain technology has evolved beyond just cryptocurrencies and has been used in various industries such as finance, healthcare, and supply chain management. In this article, we'll take a closer look at what blockchain technology is, how it works, and its potential applications.

What is Blockchain Technology?

At its core, a blockchain is a #decentralized database that is shared across a network of computers. It records transactions in a way that is secure, transparent, and tamper-proof. Every transaction on the blockchain is verified by a network of computers, and once it is validated, it cannot be changed. This makes the blockchain an immutable ledger, providing a level of trust and transparency that is not possible with traditional centralized databases.

How does Blockchain Technology Work?

A #blockchain consists of a series of blocks that are linked together. Each block contains a set of transactions, and once a block is added to the chain, it cannot be altered. The process of adding a block to the chain is called mining, which is done by a network of computers that compete to solve a complex mathematical problem. Once a miner solves the problem, the new block is added to the chain, and the miner is rewarded with cryptocurrency.

Each block in the blockchain contains a unique code called a hash. The hash is a digital fingerprint that represents the contents of the block. If someone tries to change the contents of a block, the hash will no longer match, and the block will be rejected by the network. This makes it virtually impossible to tamper with the blockchain.

Blockchain technology uses a consensus mechanism to ensure that all transactions are validated by the network. There are several consensus mechanisms, including Proof-of-Work (PoW) and Proof-of-Stake (PoS). PoW is the most commonly used consensus mechanism in blockchain networks and is used by Bitcoin and other cryptocurrencies. PoS is an alternative consensus mechanism that uses a different approach to validate transactions.

Applications of #Blockchain Technology

Blockchain technology has many potential applications beyond #cryptocurrencies. One of the most promising areas for blockchain is supply chain management. By using blockchain technology, companies can track the movement of goods from the point of origin to the point of consumption. This can help prevent fraud, reduce costs, and increase efficiency.

Another area where blockchain technology can be used is in healthcare. By using blockchain technology, healthcare providers can securely share patient data across a network of providers. This can help improve patient outcomes by providing healthcare providers with more complete information about a patient's medical history.

Blockchain technology can also be used in voting systems to prevent fraud and ensure transparency. By using blockchain technology, voters can be sure that their vote has been counted and that the results of an election are accurate.

Final Words

Blockchain technology is a game-changer that has the potential to transform many industries. Its ability to provide secure, transparent, and tamper-proof transactions makes it a powerful tool for businesses, governments, and individuals. While blockchain technology is still in its early stages, its potential is enormous, and we can expect to see more applications of blockchain technology in the years to come.