This public sale will be for 10% of $ROCKET token’s remaining supply. More details can be found at the dedicated site. The $ROCKET token is the main utility token to use the launchpad. It powers the ROCKETPAD eco-system and can be used to vote on projects you think have the potential for IDO. This sale will be your final chance to purchase the token for the low price of 1 ADA or 37.5 $ROCKET tokens. The token is on the brink of becoming listed on major exchanges. Minimum purchase is 100 ADA, maximum purchase is 40,000 ADA. You can participate by scanning QR codes on our Public Sale website. Then, send ADA to any Cardano supported wallet.

This utility token supports a new tier system that allows the platform to reward and motivate all $Rocket token owners in a manner that is inclusive of everyone with the token, thus eliminating the barrier to entry to the cryptocurrency market. With the help of marketing partners, influencers and marketers, these tiers can be built to provide a constant stream of financially sound crypto projects.

Token holders must stake the minimum amount 5 days before the sale to begin the tier-allocation process. This list outlines the staking requirements of each tier.

• KNIGHT: 500 – 5,000
• BISHOP: 5,000 – 50,000
• ROOK: 50,000 – 250,000
• QUEEN: 250,000 – 1,250,000
• KING: 1,250,000 – 6,250,000

Pool weights are higher on the higher tiers. These correspond to the level number. For example, the pool weight for a KING tier is 5 and the pool weight at a QUEEN tier is 4 respectively.

The allocation process is based on the total pool share once the tiers have already been set. The example of a project can help you understand the concept. Take the case of project xxxxxx, which wants 100 million tokens to be sold on the platform. Assume that 10 KING and/20 QUEEN members of the tiers participate in the IDO. The pool shares based on pool weights will be: (5×10) + (20×4) = 50+80 = 130 shares.

The total token supply will then be split between shares, so that a single share is allocated as follows: 100,000,000 / 130 = 769,230 tokens

Hence, each KING tier member will be able to buy 5 times this number of tokens as its pool weight is 5 while QUEEN tier members will be able to buy 4 times this amount corresponding to the tier’s pool weight.

Based on the input of the public, this structure will continue to improve. ROCKETPAD is gaining popularity due to its ability to fix all flaws in existing launchpads as well as providing a transparent system that allows for democratic approval. Log on to the site’s public sale page and take advantage of this unique investment opportunity.

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