WHY ROKKIT FUEL ($ROKK) IS IT THE NEXT BIG THING IN THE CRYPTO & ENTERTAINMENT INDUSTRIES
With so many new cryptocurrencies being launched every day, it can be hard to see the wood from the trees and to distinguish which project will have longevity and which will have a quick hype and then dwindle away (like with what we see with most ‘meme’ coins).
But this is something quite the opposite, introducing ROKKIT FUEL (or sometimes referred to as $ROKK, it’s symbol ticker), a passive bitcoin income generating, auto-liquidity, deflationary cryptocurrency token built on the BSC (BEP-20) blockchain.
There are a numerous reason why ROKKIT FUEL separates itself from the crowd, and they are…USE CASES; ROKKIT FUEL has a number of objectives which range in the short, medium and long term.
Let’s start with the short-term goals; they consist of developing the ROKKIT Wallet and/or exchange which will allow holders to easily swap and buy $ROKK with ease, pay regular payees, store collectibles (such as Non-Fungible Tokens “NFT’s”).
The medium-term goals consist of developing the ROKKIT Gaming app, which will allow members to mine or earn $ROKK & Bitcoin rewards through competing in the in-game competitions. Also on the horizon is a bridging over to ERC-20 (Ethereum blockchain) & developing the ROKKIT Blockchain.
Bridging over to ERC-20 will expand the ROKKIT FUELS capabilities in terms of expanding the accessibility to the token across different chains, making it easier to swap to and throw from tokens that exist on the Ethereum blockchain and those that exist on the Binance blockchain.
Developing a ROKKIT FUEL Blockchain will essential mean $ROKK makes the transition from a ‘token’ to a ‘coin’ and will no longer be restricted to the BSC Blockchain, it will allow $ROKK to operate on its own terms without any restraints.
Now onto the long-term goals, this is where we want to primarily put our focus on. ROKKIT FUEL’s overriding aim is to develop a social media app that will rival the current big names on the scene, by utilising blockchain technology and revolutionising the way content creators and fans interact with one another and $ROKK being the native currency of said app.
The app will allow creators to post both free and subscription-based shows where fans and would be fans will be able to view in a ‘For You’ style interaction. Users will then be able to subscribe to the creators free/paid shows (set by the creator) using $ROKK. Creators will also be able to sell virtual NFT tickets where fans could attend a show on a one of basis and then hold the ticket as an investment (these tickets could potentially raise in value due to it being backed by the crypto currency used to purchase on the blockchain).
Why will creators leave the competitors and upload their content on the ROKKIT App?
The social media industry has consistently seen increases in revenue year in and year out, however, we have identified key issues within the ecosystem, and we believe the ROKKIT App will change the game completely.
While the big social media platforms make huge profits, on the back of its creators, the creators themselves very rarely see a return worth shouting about, and we believe this is working backwards & unsustainable.
The ROKKIT App would allow for creators to make one-off or subscription-based shows for free or paid terms. Users will be able to find new free shows or sample short clips of paid shows where they would be able to purchase “tickets” to said shows directly through the app using its native currency $ROKK.
Example 1. You’re a musician with a new music video being released. Your last video got 50 thousand views but even though you’re happy with this, it didn’t bring you much in return on the social media channel you uploaded it to. So, you decided to create a ROKKIT channel sell virtual “tickets” to the premier of your new music video for your fans to watch exclusively. 5k of your fans bought a ticket to the premier for £2.99 ($ROKK equivalent)…wow, you just earned nearly £15,000 and it’s not even available to download yet!
Example 2. You’re an artist who makes amazing artwork, but you have bills to pay so you struggle to stay focused on your dreams. You decide to set up a subscription-based show where you paint something extraordinary in a fast-forward motion. 1k of your best fans subscribe to your channel at £1.99 per month ($ROKK equivalent). Now, not only are you earning from selling your art, your ROKKIT shows are bringing in almost 2k per month, meaning you can put more time into your passion.
Example 3. You’re a comedian who makes hilarious sketches and has built up a 10k following, but you are having a hard time making your passion a full-time job. You create a ROKKIT channel…Now even if only 30% of that 10k following subscribed to your channel for £1 per month, you would be earning 36k per year (before tax). Congratulations! Your dream is now paying you the equivalent of a full-time job pay cheque!
What do the users get out of it? Well, the creators will be getting paid better for their hard work, which means they can afford to put more time and effort into creating more amazing content. This in effect means the user will get to see more content from the creators they love, support their favourite creators & be able to watch new content exclusively while being part of that community through the event chat.
And if that isn’t enough, the ROKKIT App will incorporate NFT (Non-Fungible Tokens) into the event tickets themselves, so even the fans could earn!
ROKKIT FUEL employs a 4-way Tokenomics function; Bitcoin reflection, Auto-LQ, burn & fuel injection.
Auto-Yield Bitcoin Reflections
All $ROKK holders will automatically receive a share 3% of every transaction that takes place in the form of Bitcoin. This means holders will not have to do a single thing to earn rewards. This also helps to reduce the effect of selling pressure and encourages the ‘hodl’ mentality.
This function is in effect a two-fold benefit for holders. The contract withholds 2% of the tokens from sellers and buyers alike and adds them to the LP creating a solid price floor. Secondly, it acts as an arbitrage resistant mechanism that secures the volume of $ROKK as a reward for the holders.
The Fuel Pit
In other tokens, many investors only hold a small amount, which means the burn rates happen at a painstakingly slow rate. With ROKKIT FUEL on the other hand, for each holder of $ROKK, there will be 100 million tokens burned every three months & a further 100 billion tokens will be burned for every 10 thousand holders achieved.
To stay updated on the launch of ROKKIT FUEL, be sure to become a #PASSENGER a join the communities: