# What is BLOKPAD?

![](/files/SYNt8XXEqgp7IlpDdqeP)

BLOKPAD is the first ever launchpad set in the metaverse. BLOKPAD will incubate top class up and coming projects, to help them on their journey into the crypto space. Giving exclusive access to the Bloktopia community.

BLOKPAD has been created to bring some of the most exciting crypto projects to market, offering investment opportunities to Bloktopians.

**$BPAD Token**

The $BPAD token is Bloktopia's second token and was launched to support BLOKPAD Essential projects.

The token will allow for staking rewards to be issued to BLOKPAD Incubate and BLOKPAD Essential stakers.&#x20;

A key aspect of the $BPAD ecosystem is that it will offer attractive APY staking rewards, as well as access to exclusive launchpad projects. It is also being brought to the community on the Binance Smart Chain. The Proof of Staked Authority (PoSA) has made transaction times faster and more importantly considerably cheaper which is one of the main reasons $BPAD is being launched.


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