02/14/2022
ROCKETPAD LAUNCHES PUBLIC SALE AFTER COMPLETING PIONEERING WORK ON TIER STRUCTURE
CLICK BELOW TO BUY ROCKET
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https://rocketpad.community/public-sale.html
Rocketpad is a community IDO platform built on the Cardano blockchain. At its core, Rocketpad was created to enable startups and new businesses to raise capital to scale their operations in a decentralized and transparent manner. The native blockchain called ‘Cardano’ named after the Italian polymath is the third-largest blockchain behind Bitcoin and Ethereum. It enjoyed rapid growth due to the usage of the proof-of-stake protocols - often seen as the greener alternative to proof-of-work - thus addressing the concerns of environmentalists. A sudden surge in popularity came after the Alonzo hard fork and now the platform is widely anticipated to cross Ethereum in terms of network transactions due to its technologically and financially superior DeFi tools. In line with this, ROCKETPAD will become the place where Cardano’s extensive community can come together to fund high-growth projects characterized by the immense potential for future success.
PLATFORM WORKING & TIER STRUCTURE
The ROCKETPAD system will be navigated by our utility token $ROCKET and its multiple use-cases are built on the Cardano Blockchain. The process begins with the distribution of IDO tokens among $ROCKET holders which enables them to vote for projects they believe have the potential to qualify for IDO on our platform. The differentia is a five-dimensional tier system that assigns allocation to each tier. Thus, the use of governance tokens and an advanced tier system allows for a democratic approval of projects and erases barriers to entry in the crypto market by including everyone with the $ROCKET token.
Once a project is set for IDO on our platform, any user willing to participate must stake the required amount of tokens for a minimum of 5 days prior to the sale. The tokens must be staked before the IDO snapshot is taken and the corresponding staking brackets for each tier are:
● KNIGHT: 500 - 5,000
● BISHOP: 5,000 - 50,000
● ROOK: 50,000 - 250,000
● QUEEN: 250,000 - 1,250,000
● KING: 1,250,000 - 6,250,000
All the tiers carry a pool weight equal to their respective tier numbers so for example, the KNIGHT tier has weight 1, the BISHOP 2, and so on. The tokens to be sold are then allocated on the total pool share and depending on the pool weight. This can be easily understood using an example. Suppose the project GOMETALAUNCH wants to sell 50 million tokens on the ROCKETPAD platform and 20 ROOK tier and 10 QUEEN members participate in the IDO through staking the required amount of tokens. The total pool shares depending on the pool weights are:
(20 x 3) + (10 x 4) = 60 + 40 = 100 shares
The total supply of the tokens is divided between these shares so a single share contains:
(50,000,000) / (100) = 500,000 tokens
Since each share contains half a million tokens, each ROOK tier member can buy thrice this amount of tokens (because of their pool weight 3) while QUEEN tier members are entitled to four times the tokens in share (because their pool weight is 4). To put it simply, the higher your tier, the more money you will be able to contribute to the launch of the new initiative. The platform has the option to limit the pool size depending on the IDO’s request.
THE PUBLIC SALE
As is evident from the preceding discussion, the working of the platform revolves around the utility tokens and the public sale is the last chance to buy $ROCKET at a lower price as it is already on the verge of being listed on top exchanges. The offer is for the remaining 10% of the total supply of the $ROCKET token at the price of 1 ADA = 37.5 $ROCKET tokens. The sale can be participated in by scanning the QR code on the Public Sale webpage of our website and sending ADA using any Cardano-supported wallets.
Visit Our Official Links to Learn More About ROCKETPAD:
Website: https://rocketpad.community/
Twitter: https://twitter.com/Rocketpad2
Facebook: https://www.facebook.com/RocketPad-Community-104445882033416/
Community Channel: https://t.me/rocketpadcommunity
Telegram group: https://t.me/RocketPadproject
Rocketpad details Total supply : 150,000,000 $Rocket Public sale Token allocation = 15,000,000 $Rocket (10% of Total supply)
