RocketX is, and always has been, a fair launch concept without VCs or ‘smart money’. That isn’t written to be some flex or a political statement, it’s just the truth. 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 processing billions of dollars of transactions per year and are on the road to processing billions more. Our API program is oversubscribed, and we have to hire new development relations just to meet existing demand. 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, organizational structure, our product offering, and the types of tooling we can offer the market. Let’s look at the transitional Tokenomics that will start being employed ->
RVF Rebuy: Betting on ourselves
Effective from 1-Jan-2025, RocketX will dedicate 30% of its platform revenue to buying back $RVF from the open market whenever the monthly trading volume on the app exceeds $1B. This will be one of many ongoing initiatives that are aimed at adding liquidity to the market and betting on ourselves.
We are going to be buying back all through 2025, with the goal of acquiring at least 6% of RVF back to the treasury.
Here’s how the buyback program benefits token holders:
- Daily Market Buyback: Every time the monthly trading volume on the app exceeds $1B, around 30% of RocketX’s revenue from that month is used for a daily buyback of $RVF tokens in the following month from the open market, creating consistent demand for $RVF and supporting its value.
- Rewards for Long-Term Holders: Bought-back $RVF tokens are distributed as rewards exclusively to holders of 100,000+ tokens in a DeFi wallet (not CEX). This reward structure provides an additional incentive to grow your token holdings.
This buyback program not only supports the token’s market price but also offers tangible benefits to loyal $RVF holders, ensuring a balanced ecosystem that grows with its community.
Track the Buyback: You can follow the $RVF buyback transactions and wallet activity here: Buyback Wallet Address.
Fee Discounts for $RVF Holders
RocketX provides substantial fee reductions for $RVF holders, making trading on the platform highly cost-effective. Depending on the number of tokens you hold, you can enjoy discounts of up to 100% on trading fees. The more tokens you own, the greater your savings, enabling you to trade with minimal or even zero fees.
- Fee Discounts by Holdings: The fee waiver scales with the amount of tokens 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.
Enjoy the Simplicity of HODLing $RVF
Gone are the days of staking requirements! With the updated $RVF token model, simply HODLing allows you to maximize rewards and minimize trading fees. Here’s how easy it is to get started:
- Buy and Hold $RVF: Secure $RVF tokens on RocketX or through your preferred method.
- Gain Access to Benefits: As your toking holdings increase, enjoy exclusive discounts on platform fees and participate in the daily buyback rewards for 100K+ holders.
Whether you’re a beginner or an experienced crypto user, HODLing $RVF provides a straightforward way to maximize your participation in the RocketX ecosystem.
Looking Ahead
With the enhanced utility of V2, RocketX is positioned for exciting future developments. HODLing tokens provides immediate benefits and aligns with the platform’s commitment to long-term growth. Whether through fee discounts or buyback rewards, the benefits of holding tokens are clear.
Why wait? Start HODLing $RVF tokens today and unlock a world of benefits!
Note: Any users or entities from the USA are not eligible for rewards by holding.
