Introducing the ‘Burning for Artists’ feature, exclusively on ROCKI 🤘
Mining rewards will start to release from the 31st of December, 2021, at 12:00 UTC+0. However, you can now burn in advance.
What is Burning on ROCKI?
Most ROCKI users have tried out the staking feature of ROCKI. You can stake and unstake anytime as you wish. And the staking rewards were allocated evenly between stakers and artists.
For some fans who want to support their favorite artists further, we introduce the burning feature. Burning not only offer the user a new way to support the artists but also help reduce the circulation supply of ROCKI, which is good for the long-term performance of the ROCKI.
So how is Burning different from Staking?
Staking allows our users to participate in the community mining of the ROCKI token. ROCKI holders can choose to pledge their ROCKI token to their favorite artists. Consequently, both ROCKI holders and artists are rewarded with ROCKI tokens.
Burning, on the other way, allows users to burn their ROCKI for the artists. These ROCKI are permanently burnt and cannot be withdrawn by burner. In return, the burners and artists can enjoy a much higher reward rate compared with the staking. The allocation between burners and artists is 1:1.
We also set a maximum 500 ROCKI burn limit per wallet, so you have to choose very carefully to allocate your ROCKI to your favorite artists. It also reduces the chance of operation mistakes — as all burn are final and irreversible.
If you have any questions, or need support with the KYC or staking, please do not hesitate to contact us by email: kyc@rocki.app
Team ROCKI 🤘
Telegram Community: https://t.me/rockiapp
