The problem Flowpad solves

With more and more projects building on Flow, in some stages they might need to issue a token and offer it to the public, at the same time promoting the project to mass audiences, attracting more users and investors, and raising some funds. This is usually called launchpad offering or IDO (Initial DEX Offering).
So here comes Flowpad, the first community-oriented launchpad on Flow. It integrates with existing DeFi platform IncrementFi and comes with several unique features that protects both launchpad projects and participants:

1. Before starting a launchpad, the project communicates with Flowpad and provieds project-specific information such as whitepaper, roadmap, token utility, fundraising targets. The project and the platform should also reach an agreement of how much % of raised funds are to be used to provide initial liquidity on IncrementFi Swap. These key parameters will be initialized and deployed with the launchpad contract before fundraising starts.
2. At the commit phase, investors should commit specific tokens required by the project. Some projects may prefer $Flow token, some may prefer $USDC token, and some may even accept both. If a project is really hot and a lot of people invest in, it becomes over-subcribed (e.g. the fundraising target is $100K, however people commit $1M worth of tokens in). In this scenario, participants will receive allocations proportional to their committed amount, and receive pro-rata refunds after the launchpad is over.
3. When the launchpad is over, participants can claim project tokens and refunds (if over-subscribed) in 1 transaction. Project owner can login the admin panel with their registered owner account, withdrawing (1 - %) * fundraising_target out; the remaining % * fundraising_target is paired with equivalent value of project tokens and added as initial liquidity into IncrementFi Swap. Ideally the received lpTokens will also be locked in the launchpad smart contract for like ~60 days.