Thank you to the NanoNews Community for participating in Ask Me Anything (AMA) with Rocket Protocol on August 23, 2020. This guest star Rocket Protocol Buiders. If you were unable to join the live AMA, no worries, here comes our 50th AMA recap!
We are glad to meet here:
Rocket Protocol Builders
For taking your time out from busy schedule for the AMA!
Q1: Can you introduce yourself to the community? What is your background and how did you join Rocket Protocol?
Allright, my codename is GJ 15 A b, worked as an admin group for more than 3 years on several crypto telegram group, and social media management. Content marketing, branding skills, and has excellent communication skills based on the Customer Service Officer.
In some event, im accidently meet my old friend, talking much about crypto and then we decided to build this Rocket Protocol projects
Q2: Can you briefly describe what is Rocket Protocol? and what makes Rocket Protocol different from other competitors?
Rocket Protocol exists to complement the needs of members in the use of tokens, token storage, trading tokens, staking tokens, and many others.
All we provide is to make it easier for our members to get a stable profit in the crypto world. We will create several products to support a good and sustainable economic model.
Q3: What is the use-case of the $ROCK token?
The ROCK token has several functions on the Rocket Protocol platform and becomes the main digital currency on our platform.
We also provide several incentive programs that have different systems, functions, rules and rewards, so that the members can choose according to their interests.
We have planning to burn 50% of the ROCK tokens which are owned by the Rocket Protocol Team if we are able to hit the hardcap target. And for fees in the form of ROCK tokens for every transaction in some of the products that we create, we will burn there cost to reduce the total supply of ROCK tokens in the hope of increasing the price of ROCK tokens.
Q4: When will the token sale take place and how many phases are there?
We plan to have 2 stage of token sale, first our Private sale, and then public sale on Uniswap.
We will share all the detail about our token sale after done AMAs on several famous group crypto around the world.
Q5: Lots of investors hit and run in the sales session and sell after listing on the first exchange, How is the Rocket Protocol to prevent early investors from selling their token and what benefit will Rocket Protocol give to them?
All ROCK token activities on the Rocket Protocol platform use the existing system on the smart-contract, so all processes are carried out automatically and verified on Etherscan. All members can check directly on Etherscan, everything is more transparent and there is no manipulation of activity on our platform.
At the first stage on Private Sale, Investor token will be locked for ten month, and they can claim their token every month by 10% from the total token they owned.
Q1: Currently on the DEFI market is becoming a trend and focus of investors and since then startups are also more about the DEFI trend. First of all, what do you think about this? And ROCKET how to compete with other DEFI projects what are the specific differences you can detail?
Yeah, nowadays is DeFi age.
Our ROCK token is a token that can be used in various products and incentive programs created by Rocket Protocol Team. For instance, we will launch several incentive programs to the members, as follows:
- Top 50 Stakers Leaderboard
- Leveling of Stake
- VIP Staking
You can use ROCK token in various incentive programs that we will launch. We purposely create variuos incentive programs for you to have various choices of our programs in accordance to your ability. Every incentive program has different rules and reward. You can choose incentive program in Rocket Protocol as you wish.
Q2: How will you manage your platforms if there will be unexpected problem occur in the future especially hacking issue which infact your platform has some personal data of some your users? Is your platform is ready to face this kind of situation if ever?
For this issue, we already have some preparation.
For example, all activities in all incentive programs created by Rocket Protocol, are done automatically on our smartcontract and have been certified by Etherscan, it can be seen in the Events menu in Etherscan on our smartcontract.
Also we using the new version of smart contract address that allow us to locked down some address whos hold ROCK token, we will do this if we found some cheater.
Q3: How does Rocket Protocol offer strong incentives for users to join the network? I mean, why is it a good option to choose Rocket Protocol among the hundreds of stablecoins that currently exist? Also, what are the specific problems that rocket aims to solve in the ecosystem?
Each member can stake on our platform by using the ROCK token. There is no minimum balance, no fee that uses ROCK tokens and monthly period for staking.
Also additional info about the security of our website, you can check here
We provide special security for our members, so that they are safe and not easily hacked by hackers.
Q4: What is the advantage of Rocket Protocol being a multi-chain project combining DPoS and HotStuff? Why did you decide to create your own chain and not use one of the existing ones? Also, how different is this project from ERC-20 and who is its target publik?
In this DeFi crypto age, we aim to dont lose the moment and hyve from DeFi itself, so we are targeting all of crypto user whos interested on DeFi feature.
Our advantage point is at our security and special feature of lock down the cheater balance.
Q5: Adoption is one of the important factors that all projects need to focus on to become more attractive to investors. What is Rocket Protocol plan to adopt more adoptions?
Agree with you, ATM we served our user with various incentive program, several type of staking, also solidity and secure platform.
We always hear and trying to materialize all input from our user, what do they want, we will granted and make it happen.
Q1: What steps will be taken in the future after completing the token sale?
After our token sale completed, sure the funds will be used for developing our projects and also get listing on some good exchanger.
Also making more partnership and make more product service.
Q2: The Nano Chatroom community is very interested in Rocket protocol and the information given by you, it makes the investment easier. Rocket protocol let us know, what can the Nano Chatroom community do to help you be more successful?
I ilke this one.
We can make a long term partnership, and Nano can help us to build strong Indonesia community with their help.
Q3: Why the name #rocket? What is the story behind the name?
Ok, do you know other things besides Rocket who can bring you go out to space.
So this philosophy is the story why we name our Projects with Rocket Protocol.
Q4: How do you think with Asia market? Does $ROCK team have any plan approach INDONESIA which the potential market in crypto, there have many great teams and investors want work and earn money from crypto?
Of course, Asian market was very potential field to begin with.
We plan to have several base on several country in Asia.
Q5: I saw on your website that in Q3 2020, you will be distributing $ROCK tokens via public & private sale, My question is, how much is the maximum supply of $ROCK tokens that will be circulated, and how do you control the price so it doesn’t dump after listing on several markets?
Rock total supply is 100M token.
At the first stage, we will locked balance of early investor for 10 month, and they can claim it every month by 10%, but right after we got list and have good liquidity on Uniswap, we will release all the block holder balance.
Thank you for trusting NanoNews as the organizer of the event today, hopefully everyone can understand about Rocket Protocol
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