Fun

Decentralized Crowd Funding Platform Rocket Launchpad Launches in the Tezos Ecosystem

News Feed - 2021-08-04 10:08:17

Decentralized Crowd Funding Platform Rocket Launchpad Launches in the Tezos Ecosystem press release


Press Release:Rocket Launchpad is launching a Tezos-based IDO platform, allowing users to invest in the latest Tezos-based projects.


Tortola, British Virgin Islands–Recently, the Tezos ecosystem has seen several high-profile partnerships, including collaborations with McLaren and Red Bull Racing. Since its launch, the number of projects currently using Tezos has grown to a total of 135. As its popularity continues to rise, a need for an efficient means to support early-stage projects is steadily starting to appear within the ecosystem. Rocket Launchpadis providing the solution for developing Tezos-based projects, with the aim to keep and grow the ecosystem’s fast pace of development.


Rocket Launchpad is a decentralized Initial DEX Offering (IDO) platform built on the Tezos blockchain. It provides an efficient and secure method of investing in the rapidly growing number of Tezos projects. The platform is set to launch in August, with a corresponding token sale for its native token, $RCKT. What Is Rocket Launchpad?


Rocket Launchpadenables users to participate in pre-sales and early liquidity farming for projects in the Tezos ecosystem using one easy-to-use interface. The launchpad will also vet each project’s code thoroughly, ensuring each project is secure, scalable and achieves the founders’ objectives. Rocket Launchpad aims to leverage this assurance to open up a larger bank of resources for investment in and support for the ecosystem.


Specifically, early-stage investors using Rocket Launchpad will encounter a tier-based system– dubbed “Rover Missions” – which functions as the platform for participating in IDO launches. The Rover Missions tier-based system allows users to access new Tezos-based project IDOs by staking their $RCKT. The more $RCKT a user stakes, the higher their chances of gaining pre-sale access to a launch pool.


Naturally, each of the three main tiers are space-themed, and include: Triangulum– Stake up to 25,000 RCKT to qualify, Milky Way– Stake up to 250,000 RCKT to qualify, Andromeda– Stake up to 2,500,000 RCKT to qualify.


With all projects vetted via the air-tight Rocket submission process, IDOs launched on Rocket Launchpad remain secure for all interested investors. Rocket never handles any funds so as to ensure the most decentralized approach possible is used. Moreover, Rocket Launchpad uses Crunchy’sDeep Freezer, which guarantees projects subscribing to the platform remain a trustless and decentralized process.


Finally, when a project undertakes an IDO using Rocket Launchpad, the platform requires them to lock between 30% and 75% of the offered liquidity into Crunchy’s deep freezer for a pre-specified period of time. In effect, this guarantees IDO hosts cannot run away with those funds for that specified period of time.


Rocket Launchpad is Steering the Tezos Ecosystem


Indeed, Rocket Launchpadhas already seen its first pre-IDO success. In July 2021, Rocket Launchpad launched GOeureka Travel, a project seeking to revolutionize the way we book travel. Its native token, $GOT, aims to drive cost efficiency for travel enthusiasts using a fixed 5% commission structure. Helping pioneer this venture, Rocket Launchpad saw the maximum offering of 97,251 $XTZ (worth $278,000 at the time) swapped for $GOT during the IDO launch – marking the platform’s first ever sell-out.


Furthermore, in collaboration with gif.games, Rocket Launchpad formed “The Dream Team.” The first planned IDO will be launched on the platform in mid-August, with 20,000,000 $GIF tokens on offer to raise a total of 100,000 $XTZ. This IDO will be accessible to users via the aforementioned tier-based staking model.


The Future of Rocket Launchpad


For Rocket Launchpad, the year has been packed with development objectives. In Q2 2021, the team accomplished their goal of completing the initial $RCKT private sale, smart contract completion/testing, and IDO project onboarding. These milestones set the stage for their Q3 and Q4 roadmap developments.


In the following quarter, $RCKT staking, LP staking (30% APY), marketing, and the first planned IDO Launch ($GIF) are set for liftoff. To seal the future of Rocket Launchpad and its establishment in the Tezos ecosystem, Q4 will see fully audited smart contracts, insurance-backed contracts, and a baking service IDO funding pool.


 


For more on Rocket Launchpad and how its IDO platform is steering the Tezos Ecosystem, visit theirwebsite.


 


Follow Rocket Launchpad on Twitter.


Join the Rocket Launchpad community on Telegram.


Stay up-to-date via Rocket Launchpad’s Discord.


Read Rocket Launchpad’s blog on Medium.


 


Media Contact:


Contact name: Colin Cooley


Contact email: support@rocketlaunchpad.io


ROCKET LAUNCHPAD is the source of this content. This Press Release is for informational purposes only.The information does not constitute investment advice or an offer to invest


 


This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release. Crypto Crime Falls in China, Surges in Hong Kong, Reports Reveal NEWS | 2 hours ago Millions of Latest Antminers S19i Are Ready - BitFuFu Cloud Hashrate Platform Restarts Running Plan PRESS RELEASE | 3 hours ago Tags in this story Rocket Launchpad


Image Credits: Shutterstock, Pixabay, Wiki Commons

News Feed

Marathon Digital stamps ‘Made in USA’ on Bitcoin blocks mined
Ezra Reguerra7 minutes agoMarathon Digital stamps ‘Made in USA’ on Bitcoin blocks minedThe stunt follows presidential candidate Donald Trump’s statement that he wants all the remaining Bitcoin to be “Made in the
Tether has ‘redistributed’ $108.8M in USDT from illicit activity since 2014
Ciaran Lyons7 hours agoTether has ‘redistributed’ $108.8M in USDT from illicit activity since 2014The most recent seizure of $5 million USDT from pig-butchering scams marks a “significant victory” in the ongoing
Bitcoin will protect the wealth that AI creates: Pompliano
Brayden Lindrea8 hours agoBitcoin will protect the wealth that AI creates: PomplianoAI machines will need to use and store their wealth somewhere, and Bitcoin is the logical choice for that, Anthony Pompliano says.3136 T
Biggest Movers: ATOM Drops for Fourth Straight Session, Hitting 1-Week Low
Biggest Movers: ATOM Drops for Fourth Straight Session, Hitting 1-Week Low Cosmos was trading lower for a fourth consecutive session on Monday, as prices approached a one-week low.
South Korea Passes Bill to Regulate Cryptocurrency in Line With FATF Standards
South Korea Passes Bill to Regulate Cryptocurrency in Line With FATF Standards South Korea’s National Assembly finally passed a bill that provides a framework for the regul
While Markets Move Sideways, Crypto Whale Sightings Increase
While Markets Move Sideways, Crypto Whale Sightings Increase While cryptocurrency markets have been moving sideways during the last few weeks, digital currency proponents have be
Vodafone looks to integrate crypto wallets with sim cards
Tristan Greene7 hours agoVodafone looks to integrate crypto wallets with sim cardsThe telecom company is reportedly seeking $1.8 billion in loans amid a plan to raise a total of $2.9 billion in debt3116 Total views26 Tot
Court Ruling Threatens 17 Crypto Exchanges in Russia
Court Ruling Threatens 17 Crypto Exchanges in Russia Another batch of Russian online crypto exchanges in Russia face closure following a recent decision by a regional court. Inform
Bulgarian Chief Prosecutor Accused of Willfully Failing to Act Against Onecoin Fraudsters
Bulgarian Chief Prosecutor Accused of Willfully Failing to Act Against Onecoin Fraudsters The legal representative of victims of the Onecoin bitcoin scam operation, Jonathan Levy,
Singapore Strives to Become Global Crypto Hub, Monetary Authority Reveals
Singapore Strives to Become Global Crypto Hub, Monetary Authority Reveals Singapore, already a major financial center in the world, is now aiming to become a cryptocurrency hub as
Bitcoin, Ethereum Technical Analysis: BTC, ETH Consolidate Ahead of United States GDP Data
Bitcoin, Ethereum Technical Analysis: BTC, ETH Consolidate Ahead of United States GDP Data Cryptocurrency prices mostly consolidated on Thursday, ahead of upcoming GDP figures from
Live Streaming Platform Dlive Joins Bittorrent Ecosystem
Live Streaming Platform Dlive Joins Bittorrent Ecosystem Live streaming platform Dlive will soon be joining the Bittorrent ecosystem and begin migrating to the Tron blockchain. T