The crypto exchange market is crowded, and new businesses in this field must come up with something unique to have a chance of success. The space is yet young, and creatives may still make significant changes to the market’s current problems.
In this article, we’ll talk about Rocket Global and give it a fair assessment. Our brief overview aims to reveal the project’s key aspects in order for readers to form an opinion on it.
What is Rocket Global?
Rocket Global wants to capture investors’ attention with the following; a cryptocurrency exchange, high-yield staking, and NFT marketplace all in one. There are several drawbacks and limits in current crypto exchanges. It’s tough to avoid the dangers of capped or delayed transactions, and the community is powerless to prevent it.
To satisfy the needs of global investors, this 2-in-1 trading experience (i.e., the blend of CEX and DEX dimensions) aims to guarantee that the order book is unchangeable, timeless, and transparent. The multi-functional hybrid cryptocurrency exchange ecosystem known as Rocket Global is based on this concept.
Versions of Trading System Components, Trade Statistics Service, and Market Data Service components are all used in the project.
In addition, it supports over 1,000 different tokens thanks to its use of both Binary and WS as trading data protocols. In a spot trading mode, the settlement mode is set to total funds pre-deposit (DVP).
Furthermore, the Rocket Global Team stated that the transactions are completed anonymously and on a time priority basis. In order types, Rocket Global has a “limit” and “hidden” mode.
The project is aimed at supporting algorithmic trading. The portal also includes several technical analysis indicators and visualizations tools, in addition to providing investors with social tools for generating a more engaging experience.
The project also includes a news stream system that allows traders to keep track of major market events.
Multi-Chain NFT Marketplace
The goal of the project is to establish a cutting-edge multi-chain marketplace that may allow crypto-collectibles to be created, sold, and traded in real time. Because NFTs enable users to impose digital scarcity, everyone may claim possession of part of the internet.
In the team’s opinion, the Web 3.0 creator and collector economy is only in early stages, and this campaign is just the beginning for them.
A sidechain or bridge network is an infrastructure network that runs independently of other blockchain networks. As separate chains, integration with other blockchains is possible by means of cross-chain integration.
High Yield Staking
Yield farming is a popular strategy for risk-averse investors looking to earn a passive income from cryptocurrencies. Passive trading at DeFi (decentralized finance) firms is made up of two parts: yield farming and staking.
Staking and liquidity pools allow crypto investors to invest their money and get compensated.
The project’s infrastructure utilizes automated market makers (AMMs) to match purchases. Instead of revealing the current market value of an asset, it uses smart contracts to establish liquidity pools. The pools may then execute the transactions using the pre-programmed algorithms.
In this case, liquidity providers put money into the liquidity pools. This product claims to offer up to 389 percent APRs through various staking and liquidity pools.
The team has developed a seamless Merchant Payment Gateway that allows clients to pay for items and services in cryptocurrency with little or no costs.
With this new technique, formerly impenetrable merchants are now able to accept cryptocurrencies. With the aid of Rocket Pay, businesses may take advantage of a variety of payment options.
RCKC is the name of a cryptocurrency created by the Rocket Global team. The currency will run the ecosystem of Rocket Global.
A total of 750 million tokens will be distributed, with the following breakdown: 15 percent for liquidity/public sale, 15% for marketing, 15% for community airdrops and bounties, 13% for staking rewards, 11.5% for liquidity pool, 10% for team memberships and 6% partnerships, 5% for advisors and angel investors, 3% for private sales, and 2.5% for the NFT creator funds.
The team has added several targets for the current year into its strategy. The first quarter began with the project’s website and smart contract, as well as various marketing efforts.
The second quarter is highlighted by the token fair’s opening on PinkSale, a Certik audit, and the yield and staking portal’s unveiling.
The second half of the year will see the debut of the DEX aggregator system, as well as the project’s DAO’s inception. The year will come to a close with the introduction of the Rocket Pay functionality, as well as several new strategic partnerships.
By the end of the first quarter of 2023, the project’s NFT marketplace will be operational. The launch of futures and derivatives trading on its portal will be completed by Rocket Global.
Finally, the final quarter of the year will see the launch of the Rocket Global blockchain system.
With a broad offer, Rocket Global is entering the DeFi market. The inclusion of NFTs, a passive income method, a payment mechanism, and an exchange platform has the potential to attract various users.