Rocket Drop: An Elaboration
It has come to my attention that the announcement for Rocket Drop was met with excitement, but also some confusion. Considering this is a new concept, I was kind of expecting this. In light of this, I figured it’d be a good idea to explain the product a bit more.
First off, I’d like to fully admit that the launch of Rocket Bunny, along with the branding, coincided with the current fervor for animal based memes. Having some experience in marketing, we thought it’d be a good way to create awareness and traction for our project. The meme economy is a powerful beast, and we fully appreciate this.
Now then, onto Rocket Drop.
As mentioned in our previous article, Rocket Drop is intended to be a new way of releasing token-based projects. The current models offer some combination of either a pre-sale or a straight-to-dex token listing. They both have their pros and cons, but ultimately they require the potential buyer to trade risk for potential reward. This is an accepted norm because it’s how it’s always been. “I give you money and you give me more later.” Fair enough.
Rocket Drop, however, provides a third choice. Instead of asking potential buyers to provide funds upfront for a future monetary return, they can provide funds for a potential return right now, without risking their initial capital. This is possible by using the same mechanic many of these buyers are already familiar with: farming.
With Rocket Drop, users are able to stake a variety of pre-selected tokens into a pool that yields what would have been the presale/dex token.
For example, EthKillerSixNine is a new project with great potential. This project still needs funds in order to make their product a reality. So, instead of conducting a presale, EthKillerSixNine opens a pool on Rocket Drop (after being verified as being legit) which offers a 1000% APY return for stakers. Rocket Bunny (or Corlibri) holders then stake their tokens in the pool and receive a constant and stable yield, paid in EthKillerSixNine’s new token. Depending on the agreement, stakers may need to pay a small optional fee in eth or tokens in order to participate. This fee is then used as liquidity to bootstrap EthKillerSixNine’s new token. It’s a win-win: stakers get a shiny new potential moon asset, and projects get instant liquidity.
The kicker is that both parties obtain what they want, with zero risk to their initial capital.
Due to the way Rocket Drop is designed, the whole process is both cheap and quick. It enables the immediate launching of new projects with very little lead time. It also gives Bunny Rocket/Corlibri holders a variety of ways to explore and receive new yield avenues.
There’s more to all this than what is just in this article, but I figured I’d keep it to just the main aspects of Rocket Drop. The intention is for people to fully understand what is being released here and the potential that it brings.
Stay tuned for the launch announcement and more details. But most importantly, don’t forget to HOP ON THE ROCKET!