Perpad is the first Solana launchpad where every token is backed by a live on-chain perpetual futures position. Each token has its own dedicated treasury wallet that collects trading fees, funds a perpetual position on Phoenix, and executes automated buybacks and burns. Unlike traditional launchpads, the position remains active for the life of the token, creating a transparent link between trading activity, treasury growth, perpetual exposure, and token supply reduction, all verifiable on-chaiin.