Introducing ROCKET

4 min readMar 1, 2021

ROCKET is a non-inflationary cryptocurrency that is designed to execute profit-generating strategies autonomously with a completely decentralized approach. In existing autonomous strategy-executing platforms a team or single developer is solely responsible for determining how locked funds are used to generate ROI. This is hazardous to the health of the fund as it grows, as it creates flawed incentives, and invites mistakes to be made. ROCKET does away with this dynamic and instead opts for one with decentralized governance.

ROCKET tokens holders will be able to provide strategy contracts and vote on what goes live and when, in order to decentralize autonomous strategy execution. 5% of all profits generated from these strategies are used to auto market-buy the ROCKET token.

🏃‍♀️ Initial Distribution

The ROCKET team is kickstarting the initial distribution with a liquidity event. Contribute BNB to the ROCKET Fair Launch smart contract to receive tokens, and the contributed BNB will be matched and added to the Pancakeswap liquidity pool. Note that once added, liquidity tokens can not be removed from the ROCKET Pancakeswap LP pools. This is by design. Read on to learn about why..

🏦 Powered by Real Yield

To encourage real value and TVL to flow into ROCKET, ROCKET smart contracts employ interchangeable strategies that farm the coins inside the pools. This gives a great incentive to anyone who wants to farm ROCKET with coins other than ROCKET/BNB LP.

All farmed yield market buys ROCKET

All the yield from staked funds will go to market-buy ROCKET. This creates a positive relationship for both parties.ROCKET holders will always benefit from yield bearing activities done on the ROCKET smart contracts. Even when farmers sell, a transfer fee on sales of ROCKET tokens are returned to the farming pools. This means buying pressure will generally be more intense than selling pressure.

Bottom line — Governance ensures APY is higher in ROCKET Vault pools.

Well thought out economics

Many believe that the act of adding additional pools is disincentivized by the fact that it can dilute the rewards for the pools people are currently farming. In our model, this is lessened by the nature of ROCKET fees being paid out by additional farming pools. Although farmers are diluted in their rewards, the ROCKET they have appreciate in value due to the positive market pressure.

📈 Deflationary Farming

Farming tokens have a problem for their owners. To keep users farming, they have to mint ever more coins. This completely destroys the value of the underlying token, due to excessive inflation. It’s easy to find examples of this across the DeFi ecosystem.

Our solution is called deflationary farming, and it is quite simple in only two steps:

Charge a fee on token transfers
Users can earn the fee by farming

This simple process means that those holding tokens are able to farm without infinite inflation.

🚢 Keeping Liquidity Liquid

All transfers have to be approved by the ROCKET Transfers smart contract, which will block all liquidity withdrawals from Pancakeswap. This will guarantee a stable market, giving holders and farmers skin in the game.

🗳️ Real Governance

ROCKET is designed for great community governance. The community decides everything, from developer fees, to deciding on the fee approver contract, adding new pools, rebalancing, and even disabling pools in the ROCKET Transfer contract. Initially, ROCKET will launch with a 1% fee on transfers for farming, with 7% of that being used as a dev fee. The remaining 93% goes directly to farmers.