{"id":11269,"date":"2021-08-08T17:06:10","date_gmt":"2021-08-08T14:06:10","guid":{"rendered":"https:\/\/esatoshi.club\/?p=11269"},"modified":"2021-08-08T17:06:13","modified_gmt":"2021-08-08T14:06:13","slug":"rocket-launchpad-x-satoshi-club-ama-recap-from-6th-of-august","status":"publish","type":"post","link":"https:\/\/satoshi-club.esipick.com\/index.php\/2021\/08\/08\/rocket-launchpad-x-satoshi-club-ama-recap-from-6th-of-august\/","title":{"rendered":"Rocket Launchpad x Satoshi Club AMA Recap from 6th of August"},"content":{"rendered":"\n

Hello, Satoshi clubbers! Another AMA took place in Satoshi Club and we would like to introduce to you the AMA session with our friends from Rocket Launchpad and our guests were @ccfromspace and @Vaught – representatives of Rocket Launchpad . The AMA took place on 6th of August.<\/a><\/p>\n\n\n\n

The total reward pool was 500$ and has been split into 3 parts.<\/p>\n\n\n\n

In this AMA Recap, we will try to summarise the most interesting points for you.<\/p>\n\n\n\n

Part 1 \u2014 introduction and questions from the Website<\/h2>\n\n\n\n

Mary | Satoshi Club:<\/strong>
\nHello Satoshi Club! We are happy to announce our AMA session with Rocket\nLaunchpad! Welcome to Satoshi Club😀<\/p>\n\n\n\n

D. | Satoshi Club:<\/strong>
Today our guests – @ccfromspace and @Vaught !<\/p>\n\n\n\n

Welcome to Satoshi club guys!<\/p>\n\n\n\n

D. | Satoshi Club:<\/strong>
\n🚀🚀🚀🚀<\/p>\n\n\n\n

Vaught:<\/strong>
Hey everyone! We are excited to be here!<\/p>\n\n\n\n

Mary | Satoshi Club:<\/strong>
Happy to e-meet you 👍<\/p>\n\n\n\n

How’s going?<\/p>\n\n\n\n

Vaught:<\/strong>
\nWe are doing well! Hard at work making sure we offer everyone the best product\nwe can!<\/p>\n\n\n\n

D. | Satoshi Club:<\/strong>
That’s awesome! are you ready to star our AMA? 😇<\/p>\n\n\n\n

Mary | Satoshi Club:<\/strong>
Sure👍<\/p>\n\n\n\n

Vaught:<\/strong> could you please introduce yourself and tell us more about Rocket Launchpad?🚀<\/p>\n\n\n\n

Vaught:<\/strong>
\nWe are ready and excited to get this going!<\/p>\n\n\n\n

Sure. So my name is Josh Vaught and I am one of the co-founders of Rocket Launchpad. Kirk (onebalddude), Colin (ccfromspace) and I have been a part of Tezos for about 4 years now, since the ICO. We loved what Tezos had to offer, so we stuck around. Recently Defi on Tezos exploded, and we saw our chance to really engage and help grow the ecosystem. There were tons of builders looking to get their projects going, and we saw a great opportunity in creating a platform to give projects the boost they need.<\/p>\n\n\n\n

This is where Rocket Launchpad comes in!<\/p>\n\n\n\n

Mary | Satoshi Club:<\/strong>
\nHow many team members do you have?😀<\/p>\n\n\n\n

Vaught:<\/strong>
\nCurrently we have 5 members. We actually have all of our team members listed on\nour site at https:\/\/rocketlaunchpad.io\/. We have always been about\ntransparency, and we felt that letting people see a face to a product was a big\nstep in that<\/p>\n\n\n\n

Mary | Satoshi Club:<\/strong>
Nice start👍🚀<\/p>\n\n\n\n

How long were you developing your launchpad?<\/p>\n\n\n\n

Vaught:<\/strong>
We started conceptualizing Rocket about 6 months ago. Tezos was just hitting its stride with DeFi around that time and we sort of started looking into it at that point. To test the waters, we worked a whimsical project called $FARM, a simple farming platform that featured monthly airdrops and the ability to experience farming on Tezos. We instantly fell in love with the simplicity and usability , combined with the very very low gas fees (mere cents). We met several other projects building at the time. In a month there were over fifty projects building and this is when we knew it was time to transition back to Rocket and start really building it out<\/p>\n\n\n\n

Mary | Satoshi Club:<\/strong>
👍<\/p>\n\n\n\n

D. | Satoshi Club:<\/strong>
Nice! so could you call yourself the first ‘launchpad project’ on Tezos? or Tezos already has similar projects?<\/p>\n\n\n\n

Vaught:<\/strong>
\nWe will be the first fully operational launchpad on Tezos<\/p>\n\n\n\n

Mary | Satoshi Club:<\/strong>
Great! So blue sea of opportunities ahead 😀<\/p>\n\n\n\n

Thank you for your intro! Are you ready to go to the questions from our community?😀<\/p>\n\n\n\n

Vaught:<\/strong>
Absolutely. That is one of the exciting parts of this whole thing!<\/p>\n\n\n\n

Yes! We are ready to go<\/p>\n\n\n\n

D. | Satoshi Club:<\/strong>
Let’s go then! 🚀<\/p>\n\n\n\n

Q1 from Telegram User @meml97
<\/em> It came to my attention the fact that Rocket Launchpad was built on top of the Tezos blockchain, can you tell us more about it? Why did you decided to built your project on this blockchain that is not so popular? What kind of advantages does it provide to you as a project but most importantly what kind of advantages does Tezos allows you to provide to new projects as a Launchpad? With the fact that Tezos is not so popular in mind, will you integrate cross-chain interoperability to your platform to be able to get to more new promising projects and investors?<\/strong><\/p>\n\n\n\n

Vaught:<\/strong>
We have been Tezos holders since the ICO. Since the beginning we have loved what Tezos aspired to become. There were a couple rough beginnings, but Tezos made it through and here we are today! Tezos has become one of the fastest and cheapest blockchains in the business, but what makes it so special is how Tezos is run. Proof of Stake ensures that there is a next to non-existent carbon footprint to use it. Upgrades are proposed and voted on by bakers, which are those who drive the POS system. Upgrades happen with no forks or seamless, having next to no negative effect on the blockchain. Actually today Granada was just implemented, which put our blocktimes in half to 30 seconds! Building on Tezos just makes sense. With gas fees being pennies per transaction, projects don’t have to fear the effect of high cost transactions and more users can use the blockchain without fear of expensive failed transactions. <\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Also, if you look at\ncontract calls, Tezos transactions have gone parabolic!<\/p>\n\n\n\n

Mary | Satoshi Club:<\/strong>
\nYes, it seems Tezos becomes more and more popular!<\/p>\n\n\n\n

Vaught:<\/strong>
Here is a chart showing contract calls per month from: https:\/\/better-call.dev\/stats\/mainnet\/general<\/a><\/p>\n\n\n\n

As for cross-chain interoperability, it is 100% something we have already started looking into. With so much liquidity on chains like BSC and Ethereum, it only makes sense to ensure an easy onramp to Tezos and the Rocket Launchpad.<\/p>\n\n\n\n

D. | Satoshi Club:<\/strong>
But don’t you think that transactions on Tezos might be more expensive in future if more and more people will be using it?<\/p>\n\n\n\n

Is it hard to connect projects from other blockchains with Tezos? from the technical side.<\/p>\n\n\n\n

Frank:<\/strong>
\nThat definitely can happen, but if you look at recent upgrades happening\ncontinuously through Tezos governance process, gas fees have been lowered by\nmore than a factor of 10x and block time has also lowered.<\/p>\n\n\n\n

D. | Satoshi Club:<\/strong>
👍 welcome to Satoshi Club btw 😊<\/p>\n\n\n\n

Mary | Satoshi Club:<\/strong>
\nFrank:<\/strong> we are happy to see you here 👍<\/p>\n\n\n\n

Frank:<\/strong>
\nTezos strength is the ability to upgrade and that has been evident in recent\nupgrades and even the one that happened today actually!<\/p>\n\n\n\n

And thank you! Happy to be here!<\/p>\n\n\n\n

Mary | Satoshi Club:<\/strong>
\nThank you for your answers, guys! Do you want to add something or we can go to\nthe next question 😊<\/p>\n\n\n\n

Frank:<\/strong>
Vaught is typing up an answer to this right now 😁<\/p>\n\n\n\n

Vaught:<\/strong>
So there is a cross-chain platform that exists on Tezos as well known as Wrap by Bender Labs. They have built a bridge that wraps wETH, UNI, LINK and several other tokens to be usable on Tezos<\/p>\n\n\n\n

D. | Satoshi Club:<\/strong>
Got it! thank you for answer! 😊<\/p>\n\n\n\n

Vaught:<\/strong>
\nOf course!<\/p>\n\n\n\n

D. | Satoshi Club:<\/strong>
Ready for the next question?<\/p>\n\n\n\n

Vaught:<\/strong>
\nShoot it on over<\/p>\n\n\n\n

Q2 from Telegram User @Highpee
<\/em> $RCKT has a maximum supply of $500,000,000 and it is your platform utility token. However, yesterday you announced the launch of another token $rkDAO as your governance token. $rkDAO will have a maximum supply of 100,000 and it will be distributed in the ratio 75% to Community and 25% to team. Why is it necessary to have a governance token which is separate from your platform main token? Also, governance token will not be sold but farmed by $RCKT holders and the farm will only run for 1 year. How will you ensure the team will not also farm from the community allocation after farm is live and What will happen after 1 year if you are unable to completely distribute all the community allocation within this period ? And for late adopters that joined Rocket launchpad after 1 year of launch, does it mean they can\u2019t be part of DAO since the distribution farm would have ended by then? Would this fair?<\/strong><\/p>\n\n\n\n

Vaught:<\/strong>
\nThere are two main reasons to have two separate coins, legal compliance as well\nas wide spread distribution. <\/p>\n\n\n\n

For legal compliance, we\nhave communicated with our consultants and legal team and came to the\nconclusion that having governance inside of our utility token could lead to it\nbecoming deemed a security token. There is no reason to risk that up front, so\ninstead we found a way to distribute the coins to early supporters through an\nairdrop and allowing individuals to farm $rkDAO from day one. With that,\nfarming is one of the best ways to distribute a coin widely to those that\nsupport the platform and own RCKT.<\/p>\n\n\n\n

As for the DAO, we have\nalready begun exploring options. There are two projects building DAOs on Tezos\nand we hope to begin integrating with one by the end of this year. As for the\ndistribution of the DAO after the year of farming, if you wish to participate\nin the DAO you could always purchase tokens on any exchange it is listed on. We\nwill have it listed on Quipuswap (Tezos based DEX) https:\/\/quipuswap.com\/.<\/p>\n\n\n\n

D. | Satoshi Club:<\/strong>
\n👍 and also could you explain the utility of $RCKT on your platform? which\nfunctions will it serve?<\/p>\n\n\n\n

Mary | Satoshi Club:<\/strong>
\nWhat about team? Will you farm?😊<\/p>\n\n\n\n

Frank:<\/strong>
Our team will not be farming any token from the platform. Our holdings will be locked and unable to be used for at least 6 months. Even after that 6 months, we have decided as a team to not farm as it would be unfair to our users.<\/p>\n\n\n\n

Vaught:<\/strong>
\n$RCKT has several difference uses!<\/p>\n\n\n\n

-Can be staked it to earn\n30% APY
\n-Used to stake to qualify for our IDO Tiers (aka Rover Missions)
\n-Can be used to farm $rkDAO<\/p>\n\n\n\n

We also have another\nexciting feature that we have yet to announce, but hey, what better time than\nnow! We will be introducing something called an IFO (initial Farm Offering). We\nwill be releasing an article on this shortly on Medium, so make sure you are\nwatching out for that. It is going to add a whole other toolset to Rocket\nLaunchpad<\/p>\n\n\n\n

Mary | Satoshi Club:<\/strong>
Happy to hear! Honest strategy 👍<\/p>\n\n\n\n

Thank you for your answers! Ready to proceed?😀<\/p>\n\n\n\n

Vaught:<\/strong>
\nGo ahead we are ready<\/p>\n\n\n\n

Q3 from Telegram User @Cheriemike
<\/em> It is stated that the more $RCKT a user stakes, the more chances they will have to gain presale access to a launch pool. All $RCKT tokens staked on the platform will be locked for 10 days. After 10 days, all $RCKT tokens can be unstaked. However, every time you unstake and stake your $RCKT tokens, they are locked for 10 days. My question is,In order to stake on Rocket Launchpad,a user need to hold what minimum of your token?Will there be any third party service,allowing small coin holders to delegate small $RCKT quantities,if yes which third party is Rocket Launchpad using for proper identity verification and why?And what is the price range for annual percentage yield on staking $RCKT?<\/strong><\/p>\n\n\n\n

Vaught:<\/strong>
\nYes, the 10 days staking lock is correct for when you stake in a tier. In order\nto participate in the IDOs, you will have to stake at least 25,000 $RCKT to\nqualify for the first tier. All additional staking services will happen on our\nsite through our smart contracts! <\/p>\n\n\n\n

We do use Synaps KYC\nservice for verifying our users.<\/p>\n\n\n\n

The APY for the farm will\nbe 30%.<\/p>\n\n\n\n

Frank:<\/strong>
As for the tiers, I think this is a good time to drop our one pager! At the bottom you will see tiers.
You can also find this information on our website https:\/\/rocketlaunchpad.io<\/a><\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Mary | Satoshi Club:<\/strong>
So, even if user will hold 25k RCKT he will need to pass KYC verification?<\/p>\n\n\n\n

Frank:<\/strong>
to participate in an IDO, yes!<\/p>\n\n\n\n

We have had many many chats with our consultants and legal team to make sure we are compliant and here for the long run.<\/p>\n\n\n\n

D. | Satoshi Club:<\/strong>
I like how you named each tier 😁👍<\/p>\n\n\n\n

Mary | Satoshi Club:<\/strong>
Gotcha!<\/p>\n\n\n\n

Frank:<\/strong>
\nAll @Vaught on the tier names 😂<\/p>\n\n\n\n

D. | Satoshi Club:<\/strong>
\n@Vaught quite original 👏<\/p>\n\n\n\n

Mary | Satoshi Club:<\/strong>
Thank you for your answers! Ready to jump to the next question, guys?😀<\/p>\n\n\n\n

Frank:<\/strong>
We are ready to go!<\/p>\n\n\n\n

Q4 from Telegram User @Arisabela
<\/em> I could see an ad about people who already KYC on your site and who automatically entered a whitelist, is this the only way to enter the whitelist? Do you have a link to access? When are your first presales planned and what advantages will whitelisted users have?<\/strong><\/p>\n\n\n\n

D. | Satoshi Club:<\/strong>
Partially answered 😉<\/p>\n\n\n\n

Vaught:<\/strong>
\nLove that question! We are a fully KYC compliant IDO launchpad. With that, we\nhave partnered with the industry leader Synaps to provide this service. Rest\nassured they take your personal data seriously and have made the process to KYC\nextremely simple. If you want to gain access to the RCKT token sale or any IDO\ntoken sale, we do require you to KYC. <\/p>\n\n\n\n

You can KYC directly from this link: https:\/\/rocketlaunchpad.synaps.io\/<\/a>
Or from our launchpad for the RCKT token here: https:\/\/app.rocketlaunchpad.io\/projects\/bd25adc5-8f70-40d0-a96d-a55c3d03fb30<\/a> <\/p>\n\n\n\n

Our first GIF IDO is scheduled for Aug 28th! You can read more about GIF here: https:\/\/gif.games\/<\/a><\/p>\n\n\n\n

D. | Satoshi Club:<\/strong>
I think i have heard about Synaps 🤔 definitely we are pretty familiar.<\/p>\n\n\n\n

Mary | Satoshi Club:<\/strong>
Good luck with your first IDO🚀<\/p>\n\n\n\n

Thank you for your answers! Ready to jump to the next question?😀<\/p>\n\n\n\n

Vaught:<\/strong>
\nAbsolutely<\/p>\n\n\n\n

Frank:<\/strong>
Thank you! It is an amazing project and we are all excited to see it grow. gif.games<\/p>\n\n\n\n

Q5 from Telegram user @NataliyaKil
<\/em> On your site, I found the opportunity to apply for the launch of my project for me! What does the whole process look like after I submit the completed form? How long does it take to consider an application? What requirements should my project meet, what do you pay attention to in the first place, what conditions should I fulfill and what are your actions in the future?<\/strong><\/p>\n\n\n\n

Vaught:<\/strong>
\nSo happy you are interested in submitting your project through our submission\nform! We have been meeting with projects daily and the first thing we look at\nis simply what are you building and can you or your team actually make that a\nreality. To make that decision, we look at the workload expected followed by\nthe qualifications of the team.<\/p>\n\n\n\n

Next, are you building a\ndefi product, a game, or something entirely new? Also, make sure you have good\ndocumentation or a whitepaper ready to go when suggesting a project. We need to\nknow you have actually put in effort to make this project and are serious about\nbringing it to life. <\/p>\n\n\n\n

From there, we provide\nsupport for the following: <\/p>\n\n\n\n

-Tokenomic review and\nconsultation
\n-Token sale smart contract creation<\/p>\n\n\n\n