RocketX is, and always has been, on a mission to connect all the pieces in that vastly distributed decentralised world, together. It wasn’t easy to get here, as a fair launch concept without any VCs or ‘smart money’. We built the network and user base from scratch and marketed it with no budget, just product and community, getting it to where it is today. Now, we’re doing billions of dollars of transactions per year, and on the road to doing billions more. Our API program is oversubscribed, we have to hire new development relations just to take existing demand, and our partners love the product and what we’ve been building.
But, even with all of that, it’s still not enough.
This year and next, we’re working on radical redesign and deployment of new tokenomics, as well as organizational structure, our product offering, and the types of tooling we can offer the market. Alongside that, we’ll continue to be number 1 (by the numbers), in connectivity, and will continue to push for further decentralization of both the protocol and the organisation, while giving the token far more value in its utility.
This year, we accomplished our target of surpassing $1billion in volume, positioning for the larger markets outside of X, and working on better interfaces and products for mobile. Our brand is aligned with our ever expanding audience, our new product is going to be more useful to more people.
Today, we’re going to go through some of the initial updates to tokenomics, which we’re deploying in an ongoing and iterative fashion alongside community feedback rounds.
Betting on ourselves
With immediate effective, RocketX will dedicate 30% of its network revenue to acquiring $RVF from the open market whenever the monthly trading volume exceeds the equivalent of $500 Million in USD.
This will be one of many ongoing initiatives that is aimed at adding liquidity to the market and betting on ourselves. We are going to be balancing all through the remainder of 2024 & 2025, with the goal of acquiring total of at least 6% of RVF back to the treasury.
Here’s what matters for current community members :
- Daily Balancing: 30% of RocketX’s fees from these high volume months are used for a daily auto-purchase of $RVF.
- Dispersal to RVF Wallets: Acquired $RVF tokens are distributed to holders of 100,000+ $RVF in a DeFi wallet (not CEX). This is done proportionately to the total pool, number of wallets above that threshold, and the held amounts.
Visit the rewards portal here:
<to be updated>
You can also track the Mechanism Live: You can follow the $RVF transactions and wallet activity here:Wallet Address.
Fee Discounts for $RVF Holders
RocketX offers substantial fee reductions for $RVF holders, making trading on the platform even more cost-effective. Based on the amount of $RVF you hold, you can access discounts of up to 100% on trading fees. The fee waiver scales with the amount of $RVF held. As you increase your holdings, you unlock deeper discounts on platform fees, up to a full 100%.
This structure allows all $RVF holders, from newcomers to seasoned investors, to enjoy trading benefits without needing to stake. It’s a straightforward approach that rewards long-term commitment while maintaining flexibility.
This is Just the Start
There are risks, especially market risks, however we’ve survived through vicious bear markets, and we’ll survive through the ones in the future.
Now, however, we’re not in survivor mode. We’re thriving, we’re scaling, and we want to get closer to the top 3 in our category.
To everyone in the gc, thank you for all of your feedback and contributions.
Note: Any users or entities from the USA are not eligible for rewards by holding RVF.
