Terra isn’t dead: the network is back up and running on a new blockchain, focusing on a more decentralized governance model. The community is making no attempts to revive its recently failed TerraUSD (UST) stablecoin. It has, however, re-launched a new version of the LUNA governance token, restarting its supply at 1,000,000,000 tokens. Here are the facts on the new blockchain, why it was launched, and the new token’s airdrop/ distribution. Background on Terra 2.0 Terra 2.0 (now known formally…
The market of crypto exchanges is crowded, and new initiatives in this niche always need to develop something innovative to have a chance of survival. The sector is still far from reaching a mature phase, and creative teams have an opportunity to improve the current inefficiencies of the market.
Today we will talk about Rocket Global and impartially review its main features. Our short overview wishes to highlight the key characteristics of the project to let the readers form an opinion on the initiative.
About Rocket Global
Cryptocurrency exchange, high yield staking, and NFT marketplace all in one: this is how Rocket Global wishes to captivate investors. There are various faults and limits in current crypto exchanges. It’s challenging to avoid the risks of capped or sluggish transactions, and the community is left with no choice but to accept them.
This 2-in-1 trading experience (i.e., the merge of CEX and DEX dimensions) eliminates front running and wishes to ensure that the order book is immutable, temporal, and transparent to meet the demands of global investors. Rocket Global is a multi-functional hybrid cryptocurrency exchange ecosystem.
Rocket Global’s Technical Framework
The project uses stable versions of Trading System Components, Trade Statistics Service, and Market Data Service.
It uses Binary and WS as trading data protocols, with over 1,000 tokens supported on the system. The settlement mode follows the total funds pre-deposit (DVP) in a spot trading mode.
Furthermore, the team explained that the orders are performed anonymously on a time priority basis. Rocket Global has a “limit” and “hidden” mode in order types.
The project supports algorithmic trading and provides investors with social tools to create a more engaging experience. The portal also features several technical analysis indicators and visualization tools.
Moreover, the project features a news stream system that enables traders to keep track of the leading market events.
The Multi-Chain NFT Marketplace
The team is working to create a cutting-edge multi-chain marketplace where crypto-collectibles may be made, sold, and traded in real-time. Because users can now impose digital scarcity via NFTs, everyone may claim ownership of a part of the internet.
Web 3.0 creator and collector economy is only getting started, and this initiative is merely the tip of the iceberg, in the team’s view.
As a bridge or sidechain, the marketplace infrastructure networks of Rocket Global may run independently of any other blockchain network. Integration with other blockchains is made possible by integrating as separate chains.
High Yield Staking
Yield farming has been one of the key tactics for risk-averse investors interested in obtaining a passive income from cryptocurrencies. Yield farming, together with staking, compose the core of passive trading in the decentralized finance (DeFi) business.
Staking and liquidity pools allow crypto investors to put their funds to work and reap the returns.
Rocket Global’s infrastructure uses automated market makers (AMMs) to match orders. Instead of announcing the current market value of an asset, it uses smart contracts to create liquidity pools. Using the pre-programmed algorithms, the pools may then carry out the transactions.
Liquidity providers deposit money into the liquidity pools in this operation. This product promises to provide up to 389 percent APRs through various staking and liquidity pools.
The group has created a seamless Merchant Payment Gateway that would allow customers to pay for products and services in cryptocurrency with very little or no fees.
Merchants that had previously been unable to accept cryptocurrencies are now able to do so thanks to this new approach. Merchants may get a wide range of payment methods with the help of Rocket Pay.
The Tokenomics Governing the Project
The team behind Rocket Global has created a cryptocurrency called RCKC. The token will power Rocket Global’s ecosystem.
The 750 million tokens will be divided among liquidity/public sale (15%), marketing (15%), community airdrops and bounties (15%), rewards for staking (13%) and liquidity pool (11.5%), team (10%), partners (6%), advisors (5%), angel investors (4%), private sale (3%), and NFT creator fund (2.5%).
The team is working on a two-year schedule, as we explain below.
For the current year, the team inserted several milestones in its plan. For example, the first quarter began with developing the website and smart contract for the project and several marketing campaigns.
The second quarter features a token fair launch on PinkSale, an audit run by Certik, and the yield & staking portal launch, among many milestones.
The second part of the year will see the first version of the DEX aggregator system and the creation of the project’s DAO. The year will end with the launch of the Rocket Pay feature and the announcement of new strategic partnerships.
By the end of the first quarter of next year, the NFT marketplace of the project will go live. Rocket Global will also see futures and derivatives trading implementation on its portal.
Finally, the last quarter of the year will see the creation of the Rocket Global blockchain system.
Rocket Global is entering the DeFi market with a diversified offer. The combination of NFTs, a passive income strategy, a payment method, and an exchange platform has the potential to catch the attention of different users.
The team uses its website and social media pages to update the community on news and developments. Any reader can use these channels to keep informed about the initiative.
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