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$ROCI Token Basics Ticker: ROCI
Blockchain Network: Ethereum Mainnet
Token Supply: 1 billion
Venue: Fjord Foundry LBP
Date: September 19–21
Liquidity Bootstrapping Pool: https://fjordfoundry.com/pools/mainnet/0x641fa21e96860B494764Ed29C66dD189ACe75654
$ROCI Utility The RociFi system is designed to be decentralized and governed by $ROCI tokenholders while encouraging sustainable growth of the network by rewarding long-term focused stakeholders.
Holders of $ROCI will derive three utilities:
Staking for Data Node Operators a. RociFi’s decentralized credit oracle network will operate similarly to Chainlink whereby a decentralized cohort of Nodes push credit data onchain. Nodes will be required to stake collateral that will be slashed if they report incorrect data. Good Nodes will be rewarded with 100% of protocol revenue plus staking rewards from the Growth Mining program; paid out in $ROCI.
b. At launch, Nodes will be required to lock their staked position for 12 months to promote continuity of the network as it grows. However, bad Nodes may be churned on an as needed basis. At launch, Nodes will be required to stake 1M $ROCI as collateral.
Transaction Fees a. Protocols that query our Oracle API more than 100 times per month will be charged 100 $ROCI per each 100 calls afterwards. Users on blockchains with account abstraction that pay in other assets will have their proceeds swapped to $ROCI.
b. If protocols call our user router function for customized terms, a small $2 transaction fee is charged in the native gas token of the protocol blockchain which is used to buy and burn ROCI.
Governance a. $ROCI holders looking to vote in governance will need to stake $ROCI for veROCI, the voting token for the RociFi DAO; rewarding long term stakers with more voting power and reducing whale dominance.
1 veROCI for every 4 year lock of $ROCI 0.75 veROCI for every 3 year lock of $ROCI 0.50 veROCI for every 2 year lock of $ROCI 0.25 veROCI for every 1 year lock of $ROCI 0.02 veROCI for every 1 month lock of $ROCI
Liquidity Bootstrapping Pool (LBP) — 5%
Fjord Foundry liquidity bootstrapping pool where the token will be distributed. The LBP is a fair and transparent method for token distribution and price discovery. 5% of total supply is made available to the public at launch but less may enter circulation pending demand.
Community Airdrop — 2%
Rewards for early users of the protocol, determined formulaically based upon usage and previous campaigns. Airdrop recipients will receive their allocation 2–4 weeks after token launch with announcements from the team beforehand.
DAO Treasury — 20%
Funds that will support the growth of the RociFi ecosystem governed by the DAO, once implemented. The current breakdown which can be changed via DAO vote later on, are:
Business Development and Marketing — 8%
Contributors — 8%
Grants and Bounty Programs — 2%
Legal and Administrative — 2%
The DAO allocation is subject to a 1 month cliff with 48 month linear vesting. As mentioned, the above allocation breakdown of the DAO treasury may be changed in the future according to DAO voting.
Growth Mining — 28%
Targeted incentives designed to increase the growth and decentralization of the ecosystem. Current incentives include Staking rewards for Node operators, Credit Oracle integration partners, and rewards for power users.
Node Staking — 14%
Oracle Integrations — 10%
User Mining — 4%
The program is subject to a 1 month cliff and 48 month linear vesting schedule with the above allocation breakdown subject to change in the future according to DAO voting.
Token Liquidity — 5%
Seed liquidity set aside to bootstrap trading of $ROCI on exchanges. 20% or 10M $ROCI are unlocked at token launch to bootstrap initial DEX trading. The remaining allocation is subject to a 48 month linear vesting schedule.
Team and Advisors — 18.63%
Founding team members and advisors who have built and maintained the protocol since 2021. The entire team is subject to a 12 month cliff and 24 month linear vesting.
RociFi Labs — 7%
The organization outside of the DAO that will continue to support, maintain, and grow the protocol. The organization is subject to a 1 month cliff with 48 month linear vesting.
Investors — 14.375%
Early backers of the protocol include pre-seed investors from early 2021 and seed investors from late 2021.
Pre-seed — 10%
Seed — 4.375%
Pre-seed investors are subject to a 12 month cliff and 15 month linear vesting. Seed investors are subject to a 12 months cliff and 12 months linear vesting.
$ROCI Token Basics Ticker: ROCI
Blockchain Network: Ethereum Mainnet
Token Supply: 1 billion
Venue: Fjord Foundry LBP
Date: September 19–21
Liquidity Bootstrapping Pool: https://fjordfoundry.com/pools/mainnet/0x641fa21e96860B494764Ed29C66dD189ACe75654
$ROCI Utility The RociFi system is designed to be decentralized and governed by $ROCI tokenholders while encouraging sustainable growth of the network by rewarding long-term focused stakeholders.
Holders of $ROCI will derive three utilities:
Staking for Data Node Operators a. RociFi’s decentralized credit oracle network will operate similarly to Chainlink whereby a decentralized cohort of Nodes push credit data onchain. Nodes will be required to stake collateral that will be slashed if they report incorrect data. Good Nodes will be rewarded with 100% of protocol revenue plus staking rewards from the Growth Mining program; paid out in $ROCI.
b. At launch, Nodes will be required to lock their staked position for 12 months to promote continuity of the network as it grows. However, bad Nodes may be churned on an as needed basis. At launch, Nodes will be required to stake 1M $ROCI as collateral.
Transaction Fees a. Protocols that query our Oracle API more than 100 times per month will be charged 100 $ROCI per each 100 calls afterwards. Users on blockchains with account abstraction that pay in other assets will have their proceeds swapped to $ROCI.
b. If protocols call our user router function for customized terms, a small $2 transaction fee is charged in the native gas token of the protocol blockchain which is used to buy and burn ROCI.
Governance a. $ROCI holders looking to vote in governance will need to stake $ROCI for veROCI, the voting token for the RociFi DAO; rewarding long term stakers with more voting power and reducing whale dominance.
1 veROCI for every 4 year lock of $ROCI 0.75 veROCI for every 3 year lock of $ROCI 0.50 veROCI for every 2 year lock of $ROCI 0.25 veROCI for every 1 year lock of $ROCI 0.02 veROCI for every 1 month lock of $ROCI
Liquidity Bootstrapping Pool (LBP) — 5%
Fjord Foundry liquidity bootstrapping pool where the token will be distributed. The LBP is a fair and transparent method for token distribution and price discovery. 5% of total supply is made available to the public at launch but less may enter circulation pending demand.
Community Airdrop — 2%
Rewards for early users of the protocol, determined formulaically based upon usage and previous campaigns. Airdrop recipients will receive their allocation 2–4 weeks after token launch with announcements from the team beforehand.
DAO Treasury — 20%
Funds that will support the growth of the RociFi ecosystem governed by the DAO, once implemented. The current breakdown which can be changed via DAO vote later on, are:
Business Development and Marketing — 8%
Contributors — 8%
Grants and Bounty Programs — 2%
Legal and Administrative — 2%
The DAO allocation is subject to a 1 month cliff with 48 month linear vesting. As mentioned, the above allocation breakdown of the DAO treasury may be changed in the future according to DAO voting.
Growth Mining — 28%
Targeted incentives designed to increase the growth and decentralization of the ecosystem. Current incentives include Staking rewards for Node operators, Credit Oracle integration partners, and rewards for power users.
Node Staking — 14%
Oracle Integrations — 10%
User Mining — 4%
The program is subject to a 1 month cliff and 48 month linear vesting schedule with the above allocation breakdown subject to change in the future according to DAO voting.
Token Liquidity — 5%
Seed liquidity set aside to bootstrap trading of $ROCI on exchanges. 20% or 10M $ROCI are unlocked at token launch to bootstrap initial DEX trading. The remaining allocation is subject to a 48 month linear vesting schedule.
Team and Advisors — 18.63%
Founding team members and advisors who have built and maintained the protocol since 2021. The entire team is subject to a 12 month cliff and 24 month linear vesting.
RociFi Labs — 7%
The organization outside of the DAO that will continue to support, maintain, and grow the protocol. The organization is subject to a 1 month cliff with 48 month linear vesting.
Investors — 14.375%
Early backers of the protocol include pre-seed investors from early 2021 and seed investors from late 2021.
Pre-seed — 10%
Seed — 4.375%
Pre-seed investors are subject to a 12 month cliff and 15 month linear vesting. Seed investors are subject to a 12 months cliff and 12 months linear vesting.
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