AMA with Rocket Vault

Our vibrant and enthusiastic community had a lot of questions to ask. To those who want to know quickly what is Rocket Vault about, we are sure this recap is gonna help you. So without further ado, continue reading.

• Introduction with Rocket Vault

Riswan Rasheed:
Q1. Can you tell us with what goals did you came up with the idea of Rocket Vault?

Vikram Rajan:
Sure. Rocket Vault started with a simple yet innovative idea of simplifying the value of investing in crypto assets for the common person. A novice crypto investor is always perplexed by the age-old question – “Which crypto asset do I invest in?”. Given the fact that there are so many options to choose from – coins, tokens, exchange tokens, ICO/IDO participation, it’s no wonder that crypto investing is a long-drawn process that requires research, patience and (of course, a bit of) luck.

Our team has been developing and testing the product for over two years now. The concept actually started off with stock markets which has now been recently dominated by AI based trading. When we started applying the same concepts to the crypto market space, we were impressed by the results and saw it as a huge opportunity.

Riswan Rasheed:
Q2. Can you talk a bit about the features that will intrigue users towards Rocket Vault?

Vikram Rajan:
Ok. So, the Rocket Vault team wanted to develop a product that is really simple to use from an end-user perspective and handles all the complex parts behind the scenes that minimizes risks and maximizes returns and most importantly, lets you be at peace while Rocket Vault works hard for you 24x7x365 days.

Rocket Vault’s Smart Vault system is extremely simple to use. Tokens are deposited in a Smart Vault, and from there, a fully automated AI/ML investment platform takes over. There are no human traders involved, and no need for client input. Rocket Vault’s Smart Vault technology operates in global token exchanges and works with more than 700 tokens.

Our private beta ran from Jan-Apr this year and saw yields of over 100% APY.... here’s a quick comparison for easy reference

Riswan Rasheed:
Had to give a minute for the community to digest the answers.

Ok our 3rd qstn is.......

Q3. How can we aquire the Rocket Vault token and why do you think we are missing out on something big by not holding Rocket Vault token?

Vikram Rajan:
So, you can buy it on Uniswap: https://app.uniswap.org/#/swap?inputCurrency=ETH&outputCurrency=0xdc8af07a7861bedd104b8093ae3e9376fc8596d2&use=V2

Psst! Gas fees are low today 😉

And right now, you can stake RVF for a guaranteed 24% APY

Riswan Rasheed:
👍

Riswan Rasheed:
Noted

Q4. What is Rocket Vault planning to achieve further this year?

This is our last qstn in this segment

Vikram Rajan:
1. On the social side - engaging with our community and getting their valuable feedback
2. On the product side - adding more crypto vaults for our users
3. On the company side - Initiating more partnerships and creating more value for the Rocket Vault ecosystem

Here's a glimpse to our partner ecosystem :)

• Community ask questions from Twitter

Riswan Rasheed:
1⃣Now that staking is a revolutionary function in centralized markets, How does RVF use the staking and lending service for users to make a profit, and how does it coordinate users' risk expectations?

From : @Riswan62507157

Vikram Rajan:
So, we leverage staking the way it's meant to be - a mechanism to support the project ecosystem and reward users for staking tokens. Staking is risk free since the APY is guaranteed - 24% APY on staked RVF tokens irrespective of Smart Vault performance. From a utility standpoint however, users need to stake RVF tokens to unlock deposit limits in the Smart Vault.

Riswan Rasheed:
2⃣ In how many ways or what are the ways your project generate revenue? What is the revenue model? How it can be beneficial for both investors and for project itself?

From : @MtThakkor

Take your time to answer

Vikram Rajan:
So, our main source of revenue is from the fees we take from profits - we charge a flat 15% on all profits generated. While we're still working out the final plans of revenue allocations, we plan to leverage revenue generated to add liquidity to exchanges or buyback tokens. We're sure to do things to improve the Rocket Vault ecosystem!

Riswan Rasheed:
3⃣Token burning is beneficial to any project because it can control the number of tokens in circulation and provide investors with greater incentives. Does your great project have a plan for token burning?

From : @MaheshDa11

Vikram Rajan:
Yes, we have that in mind. While we're still working the finer details out, we're also aware that we don't burn tokens just for the sake of doing so. It will be part of a bigger, comprehensive plan. Our staking already takes many tokens out of circulation and the majority of our tokens is still locked. Time will tell, but stay tuned! 🤘

• Community ask questions from Website
Riswan Rasheed:
1⃣What partners are you currently collaborating with on your project? What benefits do partners bring to your project and vice versa? What is the criteria for choosing a partner?

Telegram Username: @Jemtran

Vikram Rajan:
So, I'm sharing an image with our partners. Partners really bring in great benefits - synergies and exposure to new customers on both fronts. We choose partners based on popularity, project potential, product and of course, the strength and transparency of their project teams.

Riswan Rasheed:
2⃣How does the team perceive retail investors #Rocket Vault token holders? Where do you see value in ‘us’ and what could we do to support your work most effectively?

Telegram Username: @FUCTELE

Vikram Rajan:
So, we view our users and investors alike. We work on feedback received from community and also explore options that benefit long term token holders and users. Keep giving feedback on our Telegram channel and also be vocal about our product features. Governance is a community work of art!

Riswan Rasheed:
3⃣What do you mean when you say that RVF adopts a data driven approach and what are the benefits of this approach?

Telegram Username: @Kerzy_F

Vikram Rajan:
One of the biggest advantages of the Smart Vault is that the ecosystem follows a data driven approach that keeps the emotion out of trading – something that’s hard for a human investor to do. Our Smart Vault identifies the best-performing assets and diversifies the portfolio across multiple high performing assets ranging from 500-800 pairs, which is not possible to achieve manually. The algorithm also keeps monitoring the investments in real-time to keep booking profits from time-to-time at optimal levels. All decisions are data-driven, backed by historical data and completely automated in making value investment in the long term.

So, as a human trader, you might want to invest in a project you "like". A data driven approach only invests in projects and coins that have a potential to go up - no emotion here.

Riswan Rasheed:
Thanks for the wonderfully detailed answers.

• Telegram Live Questions answered by Rocket Vault

1.

Polkacover

Unore

2.

15/5/2021

3.

38.10%

4.

Jumio

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