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RocketSwap August 6 at Binance live AMA recap

Q1. What unique skills and experiences does your team bring to the table that you believe will contribute to the success of Rocket Swap ?

A: Our team is the top blockchain technology talents from many countries, with excellent professional technology and rich experience in project operation. Our team has developed a number of products in the past few years, and we work very well together to provide efficient and fast response for RocketSwap's operation. At the same time, we rely more on community voting for the development of the project, for example, we originally designed a total of 100 million tokens, and the community voted to destroy 98 million. Because of our rich experience, our team has a clear division of labor, for example, developers will work on technology and pursue excellence. The publicity department listens to the voices of all parties in order to ensure the healthy and steady development of RocketSwap.

Q2. Walk us through the progress behind RocketSwap, What's the Story Behind it, How long did it take you guys to create the Project and put everything together? Why have you created RocketSwap?

A: We have prepared a lot of work for RocketSwap before launching it, we have been looking for a more suitable chain to launch it in, until we noticed the news of BASE mainnet launching, and started deploying it on the testnet in July, before launching RocketSwap on the Base mainnet, the whole team was in a dilemma, we didn't know where to promote it from when we ran into a lucky break. Lucky for us, it happened to be the hottest time of BASE mainnet, we tweeted some simple introduction and got a lot of people's attention, the purpose of creating RocketSwap is of course to make money, but we will only take the share that belongs to us.

Q3. Now Rocket Swap is said to be the first protocol to trade on base and automatically provide liquidity. Tell us more, how so? Give us an introduction into your Ecosystem. What is your mission and vision for the future, what problems are you hoping to solve with RocketSwap ?

A: To be precise, before launch we were ready to deploy on the main BASE network first, so we used the slogan of the first BASE-based DEX, but obviously Leetswap was one step ahead of us, and unfortunately they had a security incident, and we were the second DEX to be deployed on BASE.RocketSwap ecosystem initially to farm and vault to attract more funds to join, and then by the LaunchPad function to attract more quality projects to the above to add liquidity trading, which can be formed in the early stage of the accumulation of new projects and users of the place, in the mid to late stage of the plan to update to the GMX protocol, in the future, not only can be in the RocketSwap for the spot trading, but also leveraged trading! This is our plan for the future!

Q4. Can you tell us now, What’s unique about RocketSwap compared to others, are there any competitors?What do you believe gives you A competitive edge when compared to others today. Why should users Choose or become a participant of RocketSwap?

A: When Sushi arrived, we were scared because it was impossible for a startup to compete with the giants, but it was also fortunate that sushi was only available in V3 and we just happened to take over the V2 market, which could attract a lot of small and medium-sized projects to choose RocketSwap for their swaps, which is a great way to grow users.

Q5. Your Tokens economics now, Give us detailed information about the $RCKT Tokenomics, how is it structured. I see On the docs you have 50% for Liquidity and 50% mining, why are there No details on allocation for marketing, Staking rewards etc?

A: The token distribution in the document only shows the general distribution table, about some detailed distribution, for example: 5% of the farm output goes to the team wallet, these funds will be used for operation and marketing expenses, the team has already tweeted it publicly!Of course, there is also DEX income, mainly for buybacks and other expenses, fixed deposit rewards for the time being does not have this plan, because most people may not like to be locked for a long time!

Q6. Tell us about the Funds locked jn the locker, why was this set for one month only, Also The APR is showing over 1000% how then do you plan to sustain the APR ?

A: In fact, maintaining a high annualized percentage rate (APR) only attracts funds faster in the short term, but a high APR in the long term is not healthy, for example, UniSwap Pancakeswap's APR is even lower than 50% because they have gained the trust of their investors, and if we also gain the recognition of our investors and maintain an APR higher than that of the traditional financial management, I think we can also attract a lot of funds to join us!

Q7. Collaboration and partnerships are crucial for success in this industry. Could you tell us about any current partnerships you have in place, as well as any plans for future partnerships, investors, and backers?

A: We are currently in the process of establishing multiple partners, such as DEX Launchpad, a well-known security auditing company, cross-chain bridges, and other reached partners. We believe that after a long period of stable development, there will be investors who will pay attention to RocketSwap in the future, but at the moment, we have not yet received any investment funds.

Q8. Security is always a concern when it comes to new technologies. What measures have you put in place tod ensure the safety and security of your system?Who Audited your Smart contracts?

A: The code of the smart contract for the factory router tokens has been open-sourced, anyone can view and review their security on the chain, in addition, the well-known security company Solidproof has contacted us and expressed its wish to reach a partnership with RocketSwap on the BASE chain, we are doing the final negotiation results with them.

Q9. As a final question, could you provide an update on the development status of Rocket Swap? What have you been working on recently, and what can we expect from RocketSwap in the upcoming quarter?

A: Currently the development work is being done mainly on LaunchPad, in the future in Q3 Q4, we should have updated based on GMX protocol, please stay tuned!