RocketSwap Guides — Frequently Asked Questions
A few common questions that come up about RocketSwap. Hopefully this gives you the answers you seek.
Q. What is Rocketswap?
A. RocketSwap is a community developed decentralized exchange and AMM (Automated Market Maker) which resides on the Lamden blockchain which will allow swapping, staking and yield farming. RocketSwap also introduces a new multi-use token called RSWP which can be used on the platform.
Q. What are the official links for RocketSwap?
A. As follows:
- Website — https://rocketswap.exchange
- Medium — RocketSwap
- Twitter — https://twitter.com/RSwapOfficial
- Telegram — t.me/rocketswap
Q. Who are the mad scientists that made Rocketswap?
A. Cloakdkiller, Duelingbanjos and Jeff Scott are the Developers.
Q. Is Rocketswap safe?
A. Rocketswap is built on the Lamden Blockchain. Lamden has gone to great lengths to ensure that contract actions that are executed are transparent and visible, putting the power in the hands of the account holder — that’s you.
Q. How do I get RSWP?
A. You can buy RSWP on RocketSwap or by staking TAU and being rewarded in RSWP.
Q. Bah! What is the point of RSWP?
A. Paying fees with RSWP on Rocketswap will reduce fees by 30%. Additional discounts also apply depending on how much RSWP you are holding in your fuel tank (you will see what I mean on the site under $RSWP).
Q. What is the token information?
A. As per below:
- Supply: 1,200,000,000
- Price: To be set by market
- Distribution: TAU staking and market liquidity pool staking
- Emission rate: % of total on a yearly basis — 30,20,15,10,7,5,4,3,2,2,1,1
- Dev Reward: 10% of emissions
- Deflationary Mechanism: Burn on payment of RSWP transaction fee
Q. How much RSWP do I earn when staking?
A. The first staking pool is set at 60,000,000 RSWP and will exist for 1 year from launch date. RSWP earned is dependant on the total amount of TAU staked (all users), and how much you stake personally — so the more you put in, the more you get out. After the first year, the next pool will begin.
Q. Am I locked into staking?
A. No you can withdraw at any time!
Q. When do I start accruing $RSWP?
A. $RSWP will start accruing March 24th, 2021 @ 22:00 UTC. Get in there its never too late to start.
Q. How much RSWP do I earn from yield farming?
A. Where users have decided to provide liquidity to the TAU/RSWP pair they will be able to stake their Liquidity Points, and receive a larger share of the yield (so the more you put in, the more you get out). RocketSwap estimate this pool will release 10% of the total RSWP supply in its first year of activity (To be confirmed).
Q. What is TAU and how do I get it?
A. TAU is the native token of the Lamden Blockchain. It is available currently on TXBIT here, as both TAU/ETH and TAU/BTC pairs
Q. REEEEEEEEEE! When ETH Bridge!?
A. This is one of the top priorities after the successful launch of the Rocketswap platform. It has been mentioned multiple times within Telegram.
Q. What is the answer to the Ultimate Question of Life, the Universe, and Everything?
A. 42
Q. My question was not answered by this damn FAQ!
A. First, good work for reading to the bottom. Second, this FAQ is in it’s infancy — it will get better with time. If your answer was not here, talk to the good people in Rocketswap Telegram (use the code word — cowsgomoo then we know you read this FAQ). The FAQ will get updated as we go.
You can also head back to the RocketSwap Guidebook here for more helpful tips.
Q. How can I thank the super-duper person that wrote the Rocketswap Guides?
A. Give me a clap on my Medium articles (it helps attract new people to Rocketswap and Lamden, and/or throw me some TAU to my account: 0f7b1957e6b00e46896e6eac041439a24ecb1b038c76a2b4f61f3b82a9d9a231
For more information:
Check out RocketSwap and the good folks at Lamden.
