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Rocket Finance

Rocket Finance

OverviewStructured DataIssuesContributors

Contents

rocketfi.xyz
Is a
Cryptocurrency
Cryptocurrency

Cryptocurrency attributes

Industry
Cryptocurrency
Cryptocurrency
Blockchain
Blockchain
Blockchain and cryptocurrency
Blockchain and cryptocurrency
Ticker Symbol
ROCKET
Block Explorer URL
ftmscan.com/token/0xa...0d6719db5f

Other attributes

Circulating Supply
44,164
Cryptocurrency Symbol
ROCKET
Market Capitalization
2,084
Exchange
SpookySwap
SpookySwap
Token Standard
Fantom

The Big Picture The $ROCKET algorithmic token serves as the backbone of a rapidly growing ecosystem aimed towards bringing liquidity and new use cases to the Fantom Opera Mainnet.

The protocol's underlying mechanism dynamically adjusts $ROCKET's supply, pushing its price up or down relative to the price of $FTM. Inspired by the idea behind the well known project on Fantom Opera Mainnet Tomb Finance, the ROCKET protocol consists of three tokens: -ROCKET ($ROCKET). -Rocket Share ($SROCKET). -Rocket Bonds ($RBOND). What differentiates $ROCKET from other algorithmic tokens Unlike previous algorithmic tokens, $ROCKET is not pegged to a stable coin— it is instead pegged to $FTM. Following a similar protocol to Tomb.

Due to the success of Tomb Finance we have decided to replicate their protocol, for the people who were too late on Tomb and missed out on the biggest rewards, because algorithmic tokens have higher rewards when they are starting out.

One of the primary shortcomings of past algorithmic tokens has been a lack of use cases, leaving no good reason for somebody to want to use or hold them. In order to successfully maintain the peg in the long-run, the ROCKET team will maintain a focus on innovation around enhanced functionality and use cases as well as implementing some new functionalities which will drastically benefit long term holders .

Rocket Finance is building the next tomb finance on FTM.

Expand community and community rewards.

New pool (Rocket-SRocket)

Partnership with Beluga

Partnership with Beefy

As soon as website is fully operational with contracts integrated, organize KYC and Audit for smart contracts

SmartContracts are being developed

Partnerships with other good project are being planned

Website is developed

Timeline

No Timeline data yet.

Further Resources

Title
Author
Link
Type
Date

Rocket Companies CEO Jay Farner on the stock's short squeeze

https://www.youtube.com/watch?v=4nFINH-fkIo

Web

May 6, 2021

References

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