Source : coinspeaker.com
Place/Date: – January 27th, 2022 at 1:05 pm UTC · 3 min read
The $ROCKET token is pleased to inform the community regarding 91% of the allocated tokens during the pre-sale going sold-out. With the bearish market taking over, the $ROCKET continues to make its mark. Users can join it through the pre-sale page on their website.
Rocketpad is a community IDO platform built on the Cardano blockchain to enable startups and new businesses to raise capital to scale their operations in a decentralized and transparent manner. Rocketpad is the next generation of blockchain launchpads which aims to become the place where Cardano’s extensive community can come together to fund high-growth projects characterized by the immense potential for future success.
The Mechanics of $Rocket
$ROCKET is the utility token of ROCKETPAD and its multiple use-cases are built on the Cardano Blockchain which will power the ROCKETPAD Ecosystem, $ROCKET Token will be used as a subscription token to navigate our Rocketpad IDO Launchpad. The working of the launchpad initiates with the internal due diligence department carefully selecting the most promising and legitimate start-ups looking for financing and listing them on your dashboard. Then, the owners of IDO tokens (which are distributed to $ROCKET holders) will be able to vote on the projects they believe have the potential to qualify for IDO on our platform.
The Rocketpad differentia is a five-dimensional tier system that aims to assign allocation to each tier level (read more about tier levels here). Thus, with the use of governance tokens and an advanced tier system, the platform has found a solution to motivate and reward all the $Rocket token holders in a way that includes everyone who has the token thus erasing the barriers to entry into the crypto market. The Rocketpad IDO platform has enjoyed a surge in popularity because it has fixed all such flaws of existing launchpads and provided the community with a transparent system allowing for a democratic approval of start-ups.
The popularity of the ROCKETPAD platform and its native token can be very well understood from the fact that the seed sale ended pre-maturely while the soft cap (ascertained at 75% of the pre-sale allocation) has already been reached in a grand style.
As of now, the sale is rapidly moving towards hitting the hard cap (ascertained at 22.5 million $ROCKET tokens equivalent to 300,000 $ADA at the price of 1 ADA = 75 $ROCKET).
The platform is Cardano-based and $ROCKET is a Cardano native token, so users can participate by sending ADA to the seed sale address using any Cardano Supported wallets which include but are not limited to the following:
- Yoroi Wallet
- Adalite wallet
- Daedalus Wallet
- Nami Wallet
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