RocketICO, a decentralized startup accelerator ecosystem where entrepreneurs, investors, and experts interact through smart contracts has raised close to 1,000 ETH thus far during its token sale, which is around $332K at the current rate. The token sale began on November 15th.
So, what is RocketICO? The platform is an online startup accelerator based on the principles of Decentralized Autonomous Organizations. Its ER20 token, symbol ROCK: is limited to 25 million, with funds raised during the token sale to be used for platform development, community building and maintenance of activities of the project, more details of which can be found in the Rocket ICO white paper.
This month, the team is completing a legal review of the utility status of Rocket coins and other legal matters related to Rocket ICO.
It was also announced earlier this month, that Rocket ICO will partner with Bancor to help add liquidity to new project tokens which are launched. Benefiting investors, The Bancor Protocol provides a powerful liquidity solution for all such tokens which will be immediately and continuously convertible through the network following their distribution.
Growing Market of ICO
The Rocket ICO team states that even with the token sale market showing its effectiveness and rising, still today, there are many scam projects and incompetent teams coming to it. There is a lack of professional expertise in the market. Rocket ICO looks to help solve this problem by creating a decentralized acceleration platform: which is Rocket ICO.
Platform and Financial Tools
After receiving funding, project teams start to work together directly on the platform, using convenient tools as smart contract design, white paper and landing page builders, and designing systems of interactions inside the platform and between teams. As a platform currency, Rocket coins (ROCK) provide compensation to each project participant in accordance with their contribution. Through this, industry experts can monetize their knowledge, efforts, or increase their investments. Through the vibrancy and the development of the platform, the Rocket ICO team believes Rocket coin will become a hot commodity.
Rocket ICO Ecosystem: Experts, Projects, Investors
Experts
- Ability to monetize your knowledge and expertise and participate in attractive, innovative projects fulfilling various tasks
- Arbitrage system will help to solve any unexpected disputes with a project
- Each expert will have a competency scope, by virtue of which he will be able to better communicate his expertise and find an “ideal” project to participate in
Projects
- Rocket ICO provides access to a variety of different investors (Funds, Business Angels, VCs, Crypto Enthusiasts)
- Startup will receive support from expert community on each step of product development
- Startup has a full visibility over expert’s competency recorded on the platform through his activity and rating
- After receiving funding, startup proceeds go to product development right on the platform
- Startup is provided with access to Rocket ICO’s built-in platform tools and can grant different permission levels for different parties involved
Investor Benefits
- Investors who scout projects on the platform will have their funds protected by the virtue of smart contracts.
- Investors have full visibility of budget spending on projects in real-time
- Early exchange listings provide maximum flexibility, enhanced liquidity, and control over funds, avoiding lengthy lock-up periods
- In many projects, tokens give the rights to receive not only profits but also voting rights and other unique features
Summary
RocketICO aims to produce a safe and efficient ecosystem for startups, experts and investors to conduct work, transact and launch successful projects into the market. The platform will look to serve as a home-base for blockchain driven solutions and projects, many of which will issue their own tokens.
RocketICO member tokens will benefit from:
- no additional commissions or fees to be listed
- a decrease in price volatility thanks to formulaic pricing
- no spread as buy and sell prices are identical through the smart contract
- continuous and additional liquidity regardless of exchange listings
For more information see the company website and the full Rocket ICO white paper.
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