Rocket AMA Recap

We have seen a few rebase tokens with all kind of adjustments, can you go a bit into detail what is different compared to AMPL or others and how it works? Especially considering that rebase projects have been very volatile.

• With Rocket token the rebase peg is consistently raising. It is not fixed to a certain price. Using the fee’s from both a buy and sell this can create an attractive investment for both casual and advanced investors
• Each transaction for $RCKT are broken down with 66.6% rewarded to those who have staked and 33% burned forever in order to help support the rising peg

Too many projects promise magic but never release any working product or prove any revenue, Within a short/long time of release. Is your project also like this? If not can u tell us, What makes your project different from other projects?

• Our staking contract is completed and already in use, proven to work. Rocket Token has also been fully audited. The rising peg rebase is the tokens unique value, providing investors a long time attractive investment

Token burn” is beneficial for any project, in being able to control the number of token circulation and to provide greater incentives to investors. Does your great project have a plan about token burn? ⚽️Who are your most effective investor and users? How do you generate revenue to sustain the project? What are your goals to the end of 2021 and beyond?

• Our platform generates a 3% fee on all transactions, out of this fee 66.6% of that is rewarded to stakers and 33.3% is burned

Do you have any ongoing or upcoming reward program events, please let us know in detail &do you have any ambassador program as well as your project? More communities hold events to attract more people. That is also the main thing to attract project investors

• For the next two weeks $RCKT is holding a buying event, where the three largest purchases of $RCKT will be rewarded. Behind the scenes an ambassador program will be introduced in the upcoming weeks

Smart contracts are prone to failure and many projects fall victim to this, costing users money and the project discrediting. How reliable and secure is your smart contract? Have you audit it through any of the parties?

• Our token has been fully audited by Zokyo! https://t.me/RocketTokenAnnouncements/53

What are the benefits of holding and staking $RCKT TOKEN ? And What plans do you have to help drive demand and scarcity for RCKT tokens?

• $RCKT token is a rebase token that has a rising peg. At the moment $RCKT is super small in market cap, as it continues to grow this will allow for great returns on the investors part. With each transaction of $RCKT some is burnt and some is distributed to stakers. What is burnt will help drive scarcity.

What are the plans to educate and raise awareness and adoption among the community to make more people understand about the project easily?

• We would love to adapt to the education of DeFi and continued growth and that is something that will come with time, but also explanation.
• https://www.youtube.com/channel/UCcG1P3iX7o2R84oKx7slGDw

I am an investor of ROCKET TOKEN and I have noticed that it has had an exponential growth in the last days,what are the profits of holding in the long term? I would like to see it listed on more exchanges! Thank you!

• $RCKT currently sits at a low market cap. With ETH continuing to move upwards buys could benefit the investor greatly. The rebases are set at a 24h and a lag of 10 which helps in growth to the coin but to keep it relatively stable

I’d just like to circle back to the % staking fee and it’s relation to whales. Rebasing tokens seem to attract huge buy/sell orders from these whales. With the fee, are you aiming to try avoid these huge transactions entirely or have them ‘taken into account’ as an extra bonus for stakers? Following on this, do you think this will push whales away from the project entirely or do you think they will accept the fee regardless?

• We feel that traders are always going to trade. However, as volume increases it will become more attractive to stake. The fee’s for $RCKT take big purchases into account. With a portion of each transaction being rewarded to stakers of the platform

Do you have any plans to attract non-crypto investors to $RCKT? Because it is the success of a project to get more investors who are still not in the crypto world specially as a new project entering to crypto. What are the plans to increase awareness about $RCKT around in non-crypto space? And which region is in your mind?

• The Rocket team would love to attract non-crypto investors into the project. The rebase tokenomics alongside the rising peg will show a green chart that is attractive to new investors

I need some detail or articles about Rocket Fuel staking and Rocketv2 mainnet

how to use rocket Fuel staking DAPP ?

• https://rockettoken.medium.com/rockets-staking-dapp-ece1e1d4c668

#ASKROCKET Is there a plan to continue running team tokens through the staking contract for a little while longer?

• Yes! The team is going to continue to run team tokens through the staking dapp, but at a smaller amount. For the next few weeks the team will distribute 25,000 $RCKT tokens into the staking dapp and withdraw it to drop rewards to the Rocket community!

#ASKROCKET what has happened to the fee rewards from the first epoch staking contract? Are they considered burned? They’re now permanently removed from the circulating supply?

• The tokens that were sent out in the first epoch staking contract are considered burned. Correct, they have been removed from the circulating supply.

#ASKROCKET Has the RCKT team considered approaching or have they already approached an external cryptocurrency marketing and branding agency? E.g. icoda, amazix, etc.

• The Rocket team does not exclude working with an external cryptocurrency marketer from future plans, and welcomes communication.

#ASKROCKET Are the fees set in stone within the contract or could they be change? If they are fixed, is that something that could be changed for v3? With governance voting to change it???

• The fees for $RCKT can not be changed without implementing a new contract

#ASKROCKET Question for AMA: Currently whenever a trade or transfer happens in the RCKT ecosystem 1 percent of the purchased, sold or transferred RCKT is burned and 2 percent is distributed to stakers. Burning tokens with every transaction means higher gas fees for traders, which reduces trading volume and therefore staking rewards. Are you planning to introduce a more efficient token burning mechanism? For example, you could not burn tokens when an individual transaction happens but instead burn tokens once a year from the development fund equal to 30 percent of the rewards that the stakers received in that year. The endresult would be the same (RCKT is burned) but you would only execute a single transaction thereby saving traders a lot of gas costs, which in turn would increase trading volume and stakers’ revenue.

• At the moment the Rocket team has not considered a more efficient token burning mechanism, but it is not something that can be excluded from future updates.

#ASKROCKET About the mass using of the utility of the project

How do you plan to spread awareness about your project in different countries where English is not spoken well? Do you have local communities for them to let them better understand about your project?

• As the Rocket token sees growth that requires new languages the team is open to expanding into those territories and setting up communities where needed to reach new people