Team Raptor — An Introduction To Red Rocket Finance $REDx
Philosophy:
The Raptor team loves Crypto and Crypto culture. When designing Red Rocket ($REDx), we wanted to create a token that encourages the user to play the market and reward holders. Simple. The combination of burns and holders receiving reflection bonuses based on the amount of $REDx held suits varying degrees of styles employed by crypto traders. The unveiling of our community incentive program has thus far offered generous rewards for being early supporters, bolstering our Twitter presence, and adding to the Liquidity pool. These incentives, as well as the ones in the pipeline will continue to demonstrate our dedication to our supporters and our desire to have the community and team grow together throughout the unveiling of our subsequent projects.
Initial Pre-Sale:
As many of you know, we had our initial pre-sale on May 19th. Markets were very unkind to ALL crypto communities but we remained steadfast launching the $REDx token. Our vision hasn’t changed and we know the trust from our core community has not eroded. With the failed pre-sale, we essentially “burned” 27% of our supply. This ended up being a win for the community as a whole, as, all refunds have been issued and now the people who participated in the pre-sale are able to acquire $REDx by participating in our community incentives. We’d like to expand a bit on what’s in store for our holders.
Holder’s Rewarded:
To succeed as a long term project, one of the first obstacles to overcome is how to keep people invested in such a fast moving environment. That is why we have a function that rewards holders. First, the contract taxes tokens from sellers and buyers alike, and adds them to the LP creating a solid price floor.
The tax acts as an arbitrage resistant mechanism that secures the volume of RedX as a reward for the holders, this LP creates a stability from the supplied LP by adding the tax to the overall liquidity of the token, thus increasing the tokens overall LP and supporting the price floor of the token. This is similar to the SAFEMOON dynamics/contract that that Crypto veterans and new participants are familiar with.
Transparency:
Transparency is a must so we wanted to address our top wallets which is very easily explained.
Our top wallet coming in at 34% of the $REDx supply is our designated team tokens and treasury, locked for 3 months with 4 vesting periods.
Our 27% wallet is the initial pre-sale burn. Locked indefinitely.
Wallets 3 and 4, 15% and 10%, are for the charity and marketing. That comes in at a total of 86% of our 1 billion token supply. I repeat, that’s over 800 MILLION of our total supply with the majority allocated for the future of this community. You are reading this at the most opportune time.
Community Incentives:
Currently we’re providing an initiative prior to the new website launch and the launch of our Jackpot function. Yes, we’re here to help YOU win. We’ve been in this game long enough to know that if we want to succeed and continue to expand our ecosystem, (more about that soon), we have to give every community member an opportunity to succeed with us. On that note, we have allocated 20m tokens for our liquidity Providers. Snapshot will take place between now and June 13th. Top 50 liquidity providers will split 10m $REDx tokens and the other 150 will split the other 10m. Just another way for our community to be involved with us and our future. Remember, going forward you have an opportunity to participate in future products by starting with us here. This is only the beginning
In Conclusion:
As crypto traders with over a decade of experience, this is meant to be a fun trading experience. We’re not here to over complicate things. We’re here to help and have fun and we know you are too. Very few members of our core team are anonymous but ALL are always willing to have one on one conversations with members of the community as we have been to address any question brought up. We actually encourage that.
We wanted to end on this. When designing the RedX token our focus on community is matched by our intention to help make the world a better place. The charity aspect of $REDx has been the main driver for us. To create a project that helps participants make money while being active in charitable contribution is a no-brainer for us. We chose our furry friends because we feel they deserve as much help as everyone else who has suffered over the last year due to lockdowns and the pandemic. Going forward the community will play a big part in deciding which organizations shall receive funding. We hope you feel the same way. We know our community does. Thanks for joining us on this ride!
