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CumRocket x Satoshi Club AMA Recap from 29th of May

Welcome to another episode of our AMA series. Today we are glad to tell you about the AMA session with our friends from CumRocket,, a project that combine the adult industry with blockchain technology. The AMA took place on May 29 and our guest were @LydCumRocket and @christophercharles92.

The total reward pool was 500$ and was divided into three parts. In this AMA Recap we will try to summarize some of the most interesting points for you.

PART 1, INTRODUCTION AND COMMUNITY QUESTIONS

Gold Rocket | Satoshi Club: We conclude our today’s AMA marathon series with CumRocket.

Andrés M. | Satoshi Club: Dear community, our final AMA today is with an interesting and great project, our friends from CumRocket are here. @LydCumRocket and @christophercharles92 welcome to Satoshi Club.

Chris: Thank you Glad to be here!

Gold Rocket | Satoshi Club: Introduce yourself please. How did you get to be involved in crypto & CumRocket?

Chris: I have been involved in the cryptocurrency space since 2019, I originally got involved with LTC, but then moved to proof of stake tokens after realizing how much more beneficial they were. In September of last year, I started helping a Defi protocol with marketing, and was then hired by several other multi-million dollar cryptocurrencies as marketing officer and community manage!

Gold Rocket | Satoshi Club: I thought the success of Safemoon etc. was really interesting and that it would be a very fun project to try and set up my own token.

Andrés M. | Satoshi Club: Great background, btw what is the essence of your project?

Chris: Our project is here to disrupt the adult industry and combine (or evolve) the adult industry with blockchain technology. The 18+ industry is a massive untapped real world market, with a 97-billion-dollar valuation. The fact crypto hasn’t been used in this industry before is shocking to me, it truly is the perfect use case!

Andrés M. | Satoshi Club: Is fantastic the diversification of blockchain can be used on each field.

How did you choose the name?

Lyd: I was deciding on what would be the most ridiculous and funny name to name a token and came up with CumRocket.

It’s memeable and not a moon copy — there’s too many projects with moon in the name but not rocket.

Gold Rocket | Satoshi Club: Also we would like to know about your team. Who is on the project team core?

Chris: On the core team, at least on the website, it only shows Lyd, Antonio (our CTO and lead dev), as well as myself. However, we have a team chat with many other valuable members, some who have been here supporting us since the start of the project. Many of them are involved with marketing, PR, and some others are part time developers helping with coding etc. when they have time.

Andrés M. | Satoshi Club: Ha-ha so your first option was Cummoon?

Lyd: No I knew first off I didn’t want moon in the name but that’s one of the many copies we have now ha-ha.

Gold Rocket | Satoshi Club: What event influenced the project the most?

Chris: Most likely the name, it’s very meme-able, the difference is though we are not just a meme-coin. It’s funny because people join expecting a meme-coin, but then they end up staying for the use-case.

Q1 from Telegram User @Highpee

There are issues with the purchase of $CUMMIES from Pancakeswap (PCS). The team already locked liquidity in v1 of pancakeswap for a year but with the launch of pancakeswap v2, all transaction is being forced to take place on PCS v2. However, trading $CUMMIES on v2 comes with higher price impact and the token price on the two versions are different. How will you tackle this since you are unable to remove locked liquidity from v1 and PCS is no longer friendly to v1 coins? Do you plan to add more liquidity to v2 to make $CUMMIES price uniform or is there any immediate solution you have for investors as it has to do with $CUMMIES purchase? Also, why is it only BNB that can be swapped to $CUMMIES? Why can’t $CUMMIES trade with other BSC asset pairs?

Lyd: We are aware of the warnings that come up when someone goes to buy on Pancakeswap V1. When we initially released the contract and locked liquidity, we locked our liquidity in good faith to show the community that we were in it for the long haul. At the time of the presale and locking, there had been no mention of a “Pancakeswap V2”, so dxsale automatically locked our liquidity on Pancakeswap V1. We now have our main liquidity locked on V1 on DxSale, with no way to migrate for the duration of said lock (10 more months). There are hundreds of other cryptocurrency startups facing the same issue who can’t migrate to V2 for this very reason.

In the meantime, we built a simple to use DEX so people can trade CUMMIES easier — without these warnings. You can use CumSwap with any token that is supported by pancakeswap, as long as it has a v1 liq pool!

Gold Rocket | Satoshi Club: Tell us please about your tokenomics btw.

Chris: We have a 2.5% burn and a 2.5% redistribution on every transaction! The redistribution happens to all holders, so all you have to do is hold CUMMIES and watch the number of tokens you have climb!

The burn also makes us deflationary, so there are less CUMMIES after every transaction.

Andrés M. | Satoshi Club: What is the max supply?

Lyd: 10 billion — but the circulating supply is around 1.2billion now due to burns.

Q2 from Telegram User @Josegamboac

Cumswap was recently released which is Cumrocket’s own DEX. Can you tell us about this DEX? and the benefits that it will bring to the users and artists of the platform?

Lyd: We created it in order to bypass the warnings on Pancakeswap V1. When you click to buy CUMMIES from our main liquidity pool, it gives a warning to trade on Pancakeswap V2 and says that V1 trades are no longer supported. CumSwap actually routes to PancakeSwap V1, so you can buy CUMMIES without the warnings and access our main liquidity pool with ease. We have it set up so that when you open CumSwap, the slippage is already set, swapping BNB to CUMMIES is set, the only thing you need to do is press “swap”. We can also offer CumSwap to anyone else who has their liquidity locked on V1 with no immediate way to get it off — so they can bypass the warning etc.

It comes with a custom domain, too!

Andrés M. | Satoshi Club: Btw, what are the main benefits for long term holders?

Lyd: Eventually, as the token is used more often to purchase NSFW content, and using it for tipping etc. — the holders will benefit from the transaction rewards more often! (2.5% reflect, 2.5% burn)

Chris: We also haven’t started any farms, but in the future after our initial roadmap we plan on introducing these capabilities to our DEX as well. This was we can give CUMMIES holders more options, such as farming!

Gold Rocket | Satoshi Club: Btw I have a little question. Could you clarify information about the total supply of token? seems like CoinMarketCap and CoinGecko have a different number.

Chris: For NFTs we already have LP staking in fact, but staking to earn other tokens is entirely possible as well. We just want to grind out our main goals to begin with in order to deliver to our community!

Chris: Yeah circulating is around 1.2 B, and total was 10B, we have emailed them and we are waiting for them to change it!

Q3 from Telegram User @andrey_seleznov

Hi Cummies!

I read that you are currently developing a V2 NFT Marketplace. Will it be hosted directly on your website or still on the DEGENR platform? Please share some sneak peeks, what features will be improved in V2, will there be any new exciting features that are not available on the current marketplace? Will anyone be able to publish their creations on the marketplace and what will be the fee for creators?

Lyd: Our V2 platform is being built from scratch and will be hosted by us. We intend on having a “social NFT marketplace”, where you can be sure you are buying verified content, from verified creators. Each content creator will have performed a KYC “Know your customer” with us, so they are each responsible for the content posted from their addresses. We aim to give them profile pictures, descriptions, and announcing each of their collection addresses. This way anyone who hasn’t registered with us cannot be a part of our marketplace, since they can’t be accountable for their content. This will make it impossible to be “scammed”, or buy a fake NFT. You will always know who you are buying from with our V2 marketplace, this protects both the creators and consumers from fraud on multiple levels.

Andrés M. | Satoshi Club: What is needed to be a “verified creator”

Chris: They will have to complete a 3rd party KYC, meaning showing their ID, and proving it is in fact them behind it.

Andrés M. | Satoshi Club: Btw, the marketplace will have only +18 content?

Chris: There will be room for SFW (safe for work) content as well!

Andrés M. | Satoshi Club: Thanks for clarifying. Please can you share us your roadmap? We want to know what else is coming for CumRocket.

Lyd: There is more to come — but this is an overview!

Andrés M. | Satoshi Club: Great, you have been audited, what kind of problems the auditory process found?

Chris: Yes, we were audited by Solidity Finance, the auditor found that the contract ownership should have been either renounced, or a multisig added to control the contract. In order to be able to whitelist certain addresses for exchange listings, we chose to put our contract under a gnosis multi sig!

Andrés M. | Satoshi Club: So everything is under control, right?

Chris: Yes, nothing can be changed and there are no errors or anything malicious in it. Besides whitelisting addresses for CEX listings, nothing will need to be changed! We recently had to whitelist some CoinTiger addresses for listing, so we are glad we didn’t renounce.

Q4 from Telegram User @eisen_7

When will there be the first gay and / or trans models?

Lyd: We have listed at least 2 bisexual NFTs, and our first trans girl NFT as well. We plan on having male models in the near future, and all creators who can verify their identities with us will have a place on our V2 marketplace.

Q5 from Telegram User @jonathanjgt

Do you plan to introduce sex messaging or other services later?

Lyd: We have a large roadmap and a long term ecosystem planned here. That being said, nothing is off the table. If it makes sense, and it brings in revenue for content creators, we will develop it. Having a sexting service is something we have planned on having a long time. Where people can pay the models to have a girlfriend experience, and communicate with them as individuals for hours or even days (depending on the subscription they purchase).

Or simply, just pay (tip) per message to speak with your favorite influencer.

Andrés M. | Satoshi Club: Btw how many models do you have at the moment? What are the most famous?

Lyd: We have almost 50 now — the most famous include swedish_bella (2.4m followers) and JaydenMichele (1.9m followers)

Andrés M. | Satoshi Club: Where we can buy CUMMIES token different to Pancakeswap?

Lyd: This is PCS under the hood but with a front end MUCH easier for beginners.

https://cumswap.cumrocket.ioOther than that, we are on CoinTiger and soon DigiFinex.

Q6 from Telegram User @thakur8909

There’s hundreds or even thousands of blockchain technologies are popping up in the internet. Are you confident enough to battle the crowd and to become one of the successful projects that you are handling in? Is your project competitive enough to attract customers?

Lyd: We are confident as one of the first movers in the space that we can do this, and we have a community like no other. It’s our community that sets us apart from other players in the space, and it really is a special place to be. Our models and content creators already communicate with our holders and are active in our community (mostly discord). We will have a major userbase and also will be one of the first NFT platforms to accept reflect tokens on the Binance Smart Chain. We are confident that we can achieve our goals.

Andrés M. | Satoshi Club: That’s incredible, please share with us the links to join to your communities.

Lyd: Telegram: @CumRocket

Website: cumrocket.io

Discord: discord.gg/cummies

Twitter: twitter.com/cumrocketcrypto

PART 2, TELEGRAM COMMUNITY LIVE QUESTIONS

The chat was open for 120 seconds; a lot of questions were posted by Satoshi Club community. Our guests chose some of them.

Q1 from Telegram user @Jendolcuek

Recently, the rate at which PROJECTS WERE DETERMINED, Fraudulent INVESTORS AND RUGPULL have made investors suffer huge losses of funds and data. Is CumRocket really safe and secure?

Lyd: Yes — our core team is non anonymous — we also do live AMAs with webcam so you can be sure it’s really us. We would never rugpull as we see a huge opportunity to create something amazing here and we wouldn’t let that go to waste — furthermore half the dev wallet is LOCKED and liquidity is also LOCKED. I also quit my full time job for this so I’m here for the long run!

Q2 from Telegram user @AuliaAzzahra95

Can you explain what SECURITY the Project has, is it working with the world’s best security experts?

Chris: Security is one of our number one priorities. Since we have reflected functions instead of staking or farming, we have essentially mitigated most of our security risks from this alone. Most exploits and hacks come from platforms that offer staking and farming. So far we haven’t offered these features (LP farming is for points, and not for tokens, so it is SAFU).

When we do roll out revenue platforms and updates in the future we will be seeking a bug bounty and 3rd party audit from a credible company such as solidity finance before launching. Right now since people only hold CUMMIES in their wallets, the security risk is with the individual and not us as a team. As long as they have their keys, the CUMMIES are safe.

Q3 from Telegram user @K2ice

How do you ensure that users are accountable for their content?

Chris: We currently KYC each of our models individually, and we also sell them from our own collection on the V1 marketplace. Only NFTs from our V1 collection addresses are valid, and since we control the minting from this address, you can be sure of this. For the V2 platform each individual will have to also prove their identity, so if they posted something that was illegal (or copyright), they would be the ones to answer for it directly.

Q4 from Telegram user @highpee

An as adult entertainment platform, what ethical or legal considerations do you consider in the execution of your project activities? How do you ensure that your contents and adult NFT marketplace are not being accessed by minors? Is there any KYC prerequisite before users can gain access to CumRocket services?

Chris: We ensure this by having a warning system upon loading of our V1 marketplace. The user has to enter their date of birth, if they are not of age, they will be denied access to the marketplace. People can lie about their age in order to access the platform, but by doing that they are breaking our rules and accessing our platform illegally!

Q5 from Telegram user @andrey_seleznov

How do content creators profit on your platform? Are there more earning venues other than selling NFTs? And one more question, do creators need to hold and stake your token to display their NFTs on the marketplace?

Lyd: Yes! We plan to have MULTIPLE revenue streams for content creators:

NFTs, content subscription service, tips, free CUMMIES (reflection) if the models choose to holdtheir CUMMIES, referral fees (this is how OnlyFans exploded in popularity), royalties from NFT resales. We also have many other interesting ideas for the future after our main goals have been achieved.

No — anyone can list on our marketplace, however if they want to appear on the FEATURED models page, they would have to hold a certain amount of.

Q6 from Telegram user @topind7

time seeing a name with Rocket, interesting! why did you think the name CumRocket is the best name to give your project?

Lyd: Yes, it has given us TONS of free of exposure! We have been featured by HBO, Hypebeast, Bezinga, Barstool Sports, Blockfolio, LadBible, CodyKo, JournalDuGeek plus more!

Q7 from Telegram user @cryptonation2

Why 50% wallet is locked in DEV wallet how to trust??

Chris: You can see that it is locked into a smart contract on dxsale, just like our liquidity is also locked on dxsale for 10 more months. After the 50% unlocks, it will be transferred to our multi-signature gnosis developer wallet. No single entity can access or transfer these funds anymore (it requires multiple team members to sign).

We created the multi-signature wallet after locking 50% on dxsale, we really only locked those funds as the community requested us to in order to show them we were around for the long haul.

The other 50% is now in our multi-sig wallet, and when the rest of the developer funds unlock from dxsale, they will also be put into the multi-sig dev wallet for safety.

Q8 from Telegram user @cindy_crypto

Will you publish your NFT’s to the other NFT marketplaces like opensea?

Lyd: In our version 2, it is purely creator made and uploaded content — that is up to them whether they want to upload it exclusively to the CumRocket NFT marketplace or others as well — however there is barely any 18+ specific NFT marketplaces so they have the target audience here on our platform.

Q9 from Telegram user @Iamcata

will you last for long term periods?

Chris: Yes, upon unlocking in 10 months, or liquidity pool will be migrated to Pancakeswap V2, where it will be locked again for a long period of time. This ecosystem is a long term development project, which will be worked on and upgraded for years to come. We will expand into every niche and corner that the adult industry has to offer, and we won’t be doing it tomorrow (Rome wasn’t built overnight).

This ecosystem will take time to fully develop, and we’re literally just beginning and walking through the front door (so to speak) …

Q10 from Telegram user @apex_gro

Nowadays So many Rug Pulls and exit scam happening. How Users can trust your project and how you are different from others?

Chris: We have all been through these rug pulls and exit scams (everyone on the team) … They are becoming a real tragedy in the space nowadays, it’s a shame that people have to worry about such things when investing. We have all put our public names and identities forwards in order to show everyone we are here to stay. We have nothing to hide, and we consult our community with every decision we make. Our community is truly something special, and we care about them more than anything. There is no chance of a “Rug-pull” with us, we are here to stay and welcome you all to come join us for the long haul!!

PART 3, QUIZ AND INFO

As usual, for the third part, Satoshi Club Team asked the chat 4 questions about CumRocket. A link to a Quiz form was sent into the chat. Participants had 10 minutes to answer. 300$ were distributed between the winners.

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