Recap of the Rocket Vault AMA with Blockchain Space
On Saturday, May 22nd, we had the pleasure to welcome to our Telegram chat:
Vikram Rajan, The Head of Operations at Rocket Vault.
We asked him questions about the development of Rocket Vault.
Q~ Please start off by introducing yourself to the Blockchain Space community and your role in the team?
A~ Hello! I’m Vikram Rajan, Head of Operations at Rocket Vault. Rocket Vault is a one stop solution that simplifies crypto value investing by adopting a data driven approach. Rocket Vault is powered by Machine Learning and Artificial Intelligence to minimize risks and maximize gains for users.
Q~ What is Rocket Vault all about in detail, what problems inspired you to create Rocket Vault?
A~ Well, our project aims to simplify crypto investing by providing a Smart Vault that maximizes returns. Novice investors are often confused with what coins to invest so we’re here to do the investing for you. Our team has been developing and testing the product for over two years now. The concept actually started off with stock markets which has now been recently dominated by AI based trading. When we started applying the same concepts to the crypto market space, we were impressed by the results and saw it as a huge opportunity.
Q~ With so much competitors in the Blockchain space, what makes Rocket Vault unique amidst multiple staking platforms?
A~ Unlike other projects, where initially they offer insane APYs to attract more users and once the TVL has grown the APY dips drastically, Rocket Vault strategies automatically adjusts the algorithms according to the increased cap and still generates best APY consistently.
Rewards are distributed every quarter in the same crypto currency asset - USDT rewards, for example, are distributed in USDT tokens. This transparency is something that sets Rocket Vault apart from other high yielding DeFi projects which distribute rewards in their own tokens — whose value can change drastically.
We’re also backed by some of the best investing firms in the crypto space.
Q~ Can you share with us detailed information on the $RVF tokenomics and it’s usecases?
A~ Sure. Rocket Vault’s native RVF token is an Ethereum-based utility token that users will need to purchase and stake to gain access to the Smart Vault. Users also receive staking rewards that start at a fixed 12% APY irrespective of Smart Vault performance. In fact we’re having a promotion now where users can receive 24% APY on staked RVF tokens… It’s a win-win for users and investors as you can just stake RVF without depositing other assets into the Smart Vault.
Just to inform our community, the Smart Vault public beta went live on May 15.
Xiaolin : 24% 👏 how long does the promotion last?
Vikram : Should be for a few weeks at least 😀
Our $1M Smart Vault cap on our USDT vault is filling out fast…
Xiaolin : We didn’t get any info on the tokenomics
Vikram : Oh yes…. We have a total/max supply of 100M RVF tokens…Around 80%+ is still locked. The RVF token had a dual-launchpad IDO on April 12–13 on Duckstarter and Poolz before being listed on Uniswap on April 13.
Q~ Could you share the current achievements and do you plan launching any products soon, what should we look forward to in the coming months?
A~ Well, our private beta which ran from Jan-April saw yields of over 200% APY on USDT. Our Smart Vault (USDT Vault) went live on May 15 and users have already staked over 2M RVF tokens. Our team is working hard to bring new assets like a WBTC or ETH vault for our users in the coming months. So stay tuned!
We’ve also made some cool partnerships!
State of the art customer service via Intercom, Seamless KYC via Jumio and extra insurance via Bridge Mutual, PolkaCover and UnoRe is in the works.
QUESTIONS FROM TELEGRAM
Q~ You organized an AMA session very rewarding and received a lot of questions related to utilities and technology, future vision, …So now I want to ask what do you want to receive from the community?
A~ Your feedback — negative/positive/neutral and your support! It makes us grow stronger.
Q~ I think many people here are quite interested in the $The RocketVault. token, both utility and structure… how does $The RocketVault. work as a utility token for the network and how does it benefit for both the network and the owner?
A~ So you need to stake RVF tokens to unlock deposit limits in the Smart Vault and RVF tokens also gain a 12% — 24% fixed APY irrespective of how the vault performs. So it’s a win-win for users and investors and long term holders in the Rocket Vault ecosystem.
Q~ How do I know that I’m getting $RocketVault that is genuine & authentic, and not couterfeit, or if it has been tampered with during transit?
A~ Look at our website. Our team member LinkedIn profiles are up and viewable — we don’t put Manga characters to represent us — only real pictures! Check out our private beta vault financial audit report and connect with us….email/Telegram/Twitter.
Q~ Who is RocketVault’s target audience? and RocketVault will it expand the market for the future?
A~ The confused crypto investor. A novice crypto investor is always perplexed by the age-old question — “Which crypto asset do I invest in?”. Given the fact that there are so many options to choose from — coins, tokens, exchange tokens, ICO/IDO participation, it’s no wonder that crypto investing is a long-drawn process that requires research, patience and (of course, a bit of) luck. The Rocket Vault team wanted to develop a product that is really simple to use from an end-user perspective and handles all the complex parts behind the scenes that minimizes risks and maximizes returns and most importantly, lets you be at peace while Rocket Vault works hard for you 24x7x365 days.
Q~ Many projects rug pulled and exit scam recently. Why should investors trust your project not to do the same?
A~ Look at our investors and partnerships. Review our Telegram and Twitter feeds. We’re in this for the long run - trust will come automatically!
Q~ What are your plans for global adoption? For people who don’t speak English, how would you attract them to The RocketVault ?
A~ We’re engaging in many regional communities - Bigcoin Vietnam for instance. Others are planned as well so stay tuned.
Telegram Announcement: https://t.me/rocketVaultAnn
The Rocket Vault team engages regularly with its community of over 7000 Telegram and 9000 Twitter followers and is always looking for suggestions and feedback from users and investors.
So we’re happy to have you!
It’s really nice having the Rocket Vault project in here!!!
Join us now! Enjoy quality articles, daily curated news, insightful infographics, and enter a vibrant, fun, and knowledgeable community!
- Main Telegram group : Friendly and growing community that discusses upcoming projects as well as trading opportunities and crypto in general.
- Telegram announcement channel : Subscribe to never miss one of our News.
- Twitter : Follow us now on Twitter for more updates.
If you want to email us: Blockchainspace001@gmail.com