AMA Recap 404 Daily Crypto with RocketSwap
Hello 404 Daily Crypto Community
On 1st of April, at 12:00 PM UTC (19:00 WIB). We just successfully hosted our 4th AMA’s with RocketSwap, with our guest from the RocketSwap team:
- Valentina Tereshkova, Co-Founder
Many of you might have participated or many of not, So here we are up with the AMA transcript for those who missed the AMA session.
Introduction Questions Asked By 404 Daily Crypto Team
Can you introduce yourself and your team please? We want to get to know you and your team. What you did before crypto, and how you got into crypto?
Rocketswap has 4 Co-founders. We are all close friends that know each other for a long time. We are into Crypto since 2015 and Rocketswap is our first startup. Before that, we were working in banking & high tech companies.
We started hearing about crypto in 2011 as a joke and in 2015 we decided to start investing, as we realized that the technology is superior to traditional assets. BTC and crypto, in general, are a way better store of value.
Q1: Could you give us a little history of Rocketswap?
We are into Crypto since 2015 and Rocketswap is our first startup.
The idea of Rocketswap was born during one of our regular poker sessions when we discussed the issues Yield farming is facing in 2021
As we saw the rise of DeFi we wanted to build our own thing, as we saw many lacks. Subsequently, we were building the platforms during the past few months in order to build a legit platform that is sustainable.
Q2: Can you tell me what Rocketswap is? What problem does it solve?
Rocketswap is the newest yield farm and staking platform on the Binance Smart Chain, built by Astronauts for Astronauts. Rocketswap is a fully audited decentralized Exchange on BSC
As with the current wave of third-generation yield farms, the aim is to create a deflationary token ecosystem, $ROCKET. It will have a constant burn mechanism that can sustain long-term gains with high consistently APR for greater earnings.
Key factors that determine our focus are sustainability and consistent gains in the mid and long term for our entire community.
Q3: What are the future plans for Rocketswap? Do you have anything interesting you can share?
We have an interesting road map that will enhance the utility of our token. The problem right now is with yield farms that their tokens are barely used and have no real-world application use cases.
With our strategy of implementing, layered farming, Lottery, Poker, NFT based fantasy football, and our decentralized crypto debit card, we created many use cases which will make our token a deflationary asset.
Q4: What are the advantages of storing $ROCKET tokens for the long and short term?
That is a quite common question in the DeFi space, but utterly important. What makes $ROCKET token valuable in the short run is the to-predict price increase, due to big investors coming in. In the mid-and longrun it will steadily grow due to utility and features added to the RocketSwap ecosystem. This is what makes us excited about the development! RocketSwap will be more valuable than anything seen until now in the DeFi space!🌝
Q5: Could you please explain a little bit more about the ROCKET token use case?
The use cases are of various nature. Looking at our roadmap, we’d say that the most exciting features we are working on are the NFT based ecosystem, the crypto poker/casino, and the RocketSwap debit card. The $ROCKET token will be deeply integrated and play a vital role in the ecosystem. We are working day and night with the Dev team to realize the objectives and deadlines we set ourselves!🌝🚀
Questions asked by our 404 Daily Crypto community members during live Session to RocketSwap team
Q1 from Telegram username @dungpro123
Can you list 1–3 killer features of RocketSwap that make it ahead of its competitors? What is the competitive advantage your platform has that you feel most confident about?
Overall, the problem DeFi is facing that it’s not tangible and all the information is currently only exchanged on the platform.
Our aim is to bring DeFi into the physical world. We want to eliminate the border between digital & physical.
As a consequence, we decided together to implement features that our users will actually use:
1. Online Poker
In most countries when you win money from gambling you need to tax it. With crypto gambling you don’t, as long as you do not cash out your crypto into Fiat.
We don’t see many great platforms out there offering poker on Blockchain. Our tables will have a transaction fee per user (exact % needs to be determined), these fees that will get accumulated will be used for buying back& burning our tokens gradually.
2. NFT based Fantasy football
Over 2 Billion people worldwide watch football. We wanted to introduce a game that will allow users to play a season with their favorite players where they can collect, trade their favorite players based on NFT.
This platform will also transaction fees which will help us make our token even more deflationary
3. Crypto Debit Card
We are currently working on our first crypto debit card which will allow you to use your crypto in the real world with 100% anonymity
So far we haven’t seen any player offering this although it is possible. It just requires our side to deal with a bunch of regulations. But no worries we will take care of the hard part so that you enjoy all your crypto gains in the real world.
Q2 from Telegram username @Sajeebahamed
I want to have a LONG TERM INVESTMENT with this PROJECT, but I’m in doubt right now, how can you convince and assure me this project is SAFE and PROFITABLE?
That is a wise question. As we all know, and I assume nearly everybody experienced at least once in this space a short-term and shady project. We want to change that and bring something long-term to the table.
In order to gain investor's trust, we started from the get-go with 100% transparency. We are audited even before launching by TechRate and have no migrater code.
In the long run, we will be profitable due to the immense utile ecosystem that is being built with new features never seen before in any project on the binance smart chain.
Keep in mind, we are in it for the long run- However, always DYOR.🌝
Q3 from Telegram username @Bandilenkosi
As we know Covid-19 has a large impact on the crypto market. So how can you maintain this project and your team that are working hard during this pandemic?
Thank you for the interesting question. As we are all well aware of the consequences of this pandemic around the globe, even the team behind RocketSwap had to adjust to the circumstances. We work mostly online those days and try to coordinate our schedules.
Moreover, we firmly believe that the crypto space as a whole has now the ability to show its real potential through decentralization and bring autonomy. This represents a huge boost for the future of DeFi. RocketSwap.fi will definitely profit as well from this trend.🚀🚀🌝
Q4 from Telegram username @nkeeling
In the near future, does RocketSwap have any special ideas to attract & expand the community?
Nice to e-meet you!
Currently, we are working with influencers from various backgrounds: Russia, Vietnam, Turkey, Netherlands, South America, and the influencers for the English speaking countries.
I like your question because it addresses one of the main issues we are facing in the 21st century. How do we communicate effectively?
Currently, our entire focus is on the launch. We want to make sure that as many people as possible hear about our project and know that we are the revolution in DeFi.
For the future, we are also looking to build TG communities in various languages.
At the moment we are hiring Marketing professionals who are fluent in various languages. Please check out our careers section on our whitepaper:
25% of fees collected from farms and pools will be used for periodical buybacks and burns- every 1 Million TVL . This…
Q5 from Telegram username @Torrez12
What are the key milestones on your roadmap — both things you have already achieved and things that we can look forward to? Any partnerships and short/long-term technical milestones that you want to talk about or bring some attention to?
Hi there! Thank you for your question. The key milestones are very visionary, but we are keen on achieving all of the objectives we set ourselves. Until now we focused on developing the technical side of the platform and building the community around it. As our roadmap outlines, we are keen on developing exciting features such as NFT’s, fantasy football, and online poker, that will be released soon.
Personally, I am most excited about our biggest vision: a crypto RocketSwap debit card.💸
We are already in discussion with several providers and partners in order to realize this milestone.
Stay tuned for more updates on our social media channels.
Closing words from our guest to 404 Daily Crypto Community
Thank you so much for all your questions, there were many good questions but we only could take a max of 5! The decision was not easy to make which question to choose.
In order to stay updated about the development of our product, please follow us on our social media channels!
Here are some important links of RocketSwap:
TELEGRAM GROUP: http://t.me/rocketswap_bsc_chat
TELEGRAM CHANNEL: http://t.me/rocketswap_bsc