Today’s analysis on Cardano’s current price action looks bearish. Strong evidence is shown on the Point and Figure Chart to indicate that investors are preparing for a turnaround. Investors have been encouraged to increase their investments in Cardano-based projects. Rocketpad is an IDO Launchpad on Cardano’s blockchain. The $Rocket token presale starts today.

To Participate click the link: https://rocketpad.community/pre-sale.html

Rocketpad is an IDO community platform built on Cardano’s blockchain. Rocketpad’s core purpose is to allow startups and other businesses to access capital in order to expand their operations. This platform can be used transparently and without any decentralization. In order to achieve this lofty mission, the team at Rocketpad is pleased to announce the release of its MVP, The presale has been christened “A History about to repeat itself”.” Those that didn’t have the opportunity to join the seed sale can now join in the Rocketpad project. Rocketpad will soon be announced on major exchanges.

Utility Token

$ROCKET, the utility token for ROCKETPAD, is built on Cardano Blockchain. It has multiple uses and will power the ROCKETPAD ecosystem. $ROCKET Token can be used to subscribe to our Rocketpad IDO Launchpad.

You can find multiple $Rocket Use-Cases as follows

Launchpad

Rocketpad is a decentralized IDO platform for launchpads that provides fairness and benefits tokenholders. Based on their $Rocket wallet balance, whitelisting of users will take place. Users with more $Rocket have a higher chance to be whitelisted. We’ll keep the community safe and discourage rug-pulls by using secure listings. Verification of critical information, such as: Metrics for the project who’s in charge of it? A brief overview of tokenomics and some examples. Recent developments. An overview of all current developments and surrounding communities will be provided.

Take $Rocket as a Bet

For a given period, you can stake tokens by delegating them to your wallets. This allows you to be a part of the governance of the network. Proof-of-Stake projects often allow for stake. This involves validating transactions using the specific network protocol and creating new blocks. As staking rewards, you will be able to distribute newly-minted coins. Tokens are removed from circulation, and they can be used for value accumulation. You can also stake $ROCKET tokens into the Staking contract for more tokens.

Liquidity

Liquidity refers to the possibility of assets being exchanged easily for other assets without having their value affected. You can exchange $Rocket tokens for tokens on blockchain. This allows players to provide liquidity and create a market. In exchange for buying $Rocket, swappers pay a minimal fee. Liquidity providers get a return on the deposit they make. The auto-liquidity option adds an additional percentage to every transaction and increases the liquidity.

Token Burn

Rocketpad’s features will include a manual token-burning option. Tokens will be permanently removed from circulation by the burning. This feature is quite unusual in cardano’s ecosystem. It comes as a result that $Rocket has been designed to perform better than other tokens.

Governance

Rocketpad utility token $Rocket that gives you voting power and management power. In a DeFi environment where power balance is necessary, this is crucial. Use $Rocket tokens to vote on IDO proposals. Rocket as a governance tokens ensure that blockchain participants’ perspectives are heard when making decisions about co-debase and its management. This token can be used to identify the rules that regulate how blockchain performs transaction verification and block verification. You can also vote with $Rocket on current program updates or patches.

Rocketpad offers investors a guarantee allocation. They use a pool-weight system to decide the amount of each participant’s allocation. In short, all the participants contribute their fair weight to the total pool, which is how the fund-raising goal for this project will be divided.

The Tier system is used to calculate the contribution amount. To illustrate, those at the top of the launchpad will be able to pool more pool weights because they’re in the top of the launchpad. Simply put, the higher the tier you’re in, the more money it will allow to be contributed to the launch. The greater the IDO you can buy with ADA Cardano, the heavier your pool weight. Further details at: https://app.rocketpad.community/tier-system.html