70,521,322 $RCKT was sold during this period, 18.66% of the total supply, at a average rate of 1 $RCKT = 0.005 XTZ.
When $RCKT tokens were purchased from this pool, 50% of the $RCKT tokens were distributed 1600 EST 15 August 2021. The other 50% will be distributed 30 days after the close of the presale (1600 EST 14 September 2021)
51,303 XTZ from presale was placed in the bootstrap liquidity pool on Quipuswap. These bootstrap LP tokens will be packed and secured in Crunchy’s Deep Feezer for a period of 6 months. During this time we will be unable to remove them from the liquidity pool. This is done to ensure adequate liquidity while $RCKT goes through price discovery. At the end of the 6 month period, the bootstrap liquidity XTZ will be placed into the development fund and the RCKT will be burned.
Development funds will be used to fund continuous platform development, research, as well as hosting and service fees. These funds will initially be locked in Crunchy’s Deep Freezer for a period of 6 months. Following the lock up period, the funds will be released in 5% increments monthly over a 20 month period.
We will also be offering $RCKT as a reward for completing various bounties. These can range from tutorials, improving documentation, testing, marketing, liquidity farming and even community competitions.
80% of the user incentive funds will initially be locked in Crunchy’s Deep Feezer for a period of 3 months. Following the lock up period, these funds will be released in 10% increments monthly over a 10 month period. This is done to inspire more trust and ensure a slow release of tokens to the market.