Dear investors, dear community, today is a great day in the history of the Social Rocket project.
The whole team is very happy to announce the signing of a long-term partnership between Social Rocket and Ferrum Network!
At the same time, the team decided to synchronize this new partnership with the establishment of a large-scale buy back, which will operate throughout the week and which will be described below.
Finally, we are happy to announce that a new staking feature will be implemented on the Social Rocket website, empowered by Ferrum Network!
RECAP — What is Social Rocket?
Social Rocket empowers the Twitter & Telegram crypto communities with blockchain technologies, offering exclusive and innovative tailor-made features.
With Social Rocket, automatically share your trading news, signals, tips & analysis in real time on Twitter & Telegram and earn incomes for it, in an unprecedented dedicated environment with an exclusive and gamified user experience.
Let’s grow your Twitter and Telegram communities and benefit from a dedicated crypto trading ecosystem, tailor-made for these two platforms.
Crypto-enthusiasts, traders, influencers, let’s get daily rewarded for sharing crypto content, news, trading signals, tips & analysis. You will quickly gain levels by using the Social Rocket platform, that will allow you to grow your community and thus your income.
What is Ferrum Network?
Ferrum offers a complete DeFi ecosystem that interoperates across chains and breaks down barriers to mass adoption.
The Ferrum interoperability protocol connects blockchains together, enabling the exchange of any digital asset for near-zero network fees. Link-based swapping technology eliminates the complexity of wallet addresses and enables risk-free value transfers over any chat or social media application. A DeFi staking mechanism provides passive yields for thousands of supporters of dozens of projects.
What is staking?
Staking is the process of holding tokens in a cryptocurrency wallet to support the operations of a network. Participants are rewarded for depositing and holding coins, with constant guaranteed time-based returns. Rewards are calculated based on staking time: the longer you stake, the more you earn.
Regarding the Social Rocket staking feature, we will work close to Ferrum Network experts during the next 3 weeks in order to determine & implement the best structure for our investors, directly accessible on the Social Rocket website! Long story short, the full details of the pool(s) structure(s) will be shared as soon as possible.
The buy back
As you may already know, the Social Rocket team (for the sake of transparency and security) initially decided to LOCK all the project funds (Team, Marketing, Vault, Uniswap liquidity …)
As a result, it was planned to proceed with a progressive buy back in the right timing to boost the market while recovering the number of tokens necessary to ensure the reward of the new staking feature. So the team is really happy to announce a $30 000 (75 ETH) linear buy back happening this week!