Another day, another ICO. The RocketICO ICO has begun and people will be sending in there Ethereum a in the hope of future returns, but what exactly is RocketICO, the Company, offering?
Well, in a nutshell, RocketICO aim to provide professional funding to startups wanting to use ICO’s to start their new venture. So this ICO is to help setup future ICO’s for others.
From the RocketICO whitepaper:
The sharp increase in the number of ICO activities has led to the situation where a lot of projects are supported by nothing but a whitepaper, lack experienced professionals or have no team at all. It is highly unlikely that such projects are going to reach their stated objectives, which causes high risks for investors.
Another problem is extremely high demand for the ICO initiative set up services coupled with a lack of experts with a proven track record. At the moment, there are several companies that offer turnkey solutions for setting up an ICO initiative, but their expertise is quite expensive (starting from 25 BTC), and the long waiting list of startups becomes a barrier for many potentially successful teams with promising projects.
Our solution to the problems and challenges described above is RocketICO Platform.
RocketICO is a decentralized accelerator for projects that plan to raise funds in cryptocurrency by means of an ICO.
The main users of the RocketICO platform are:
- Teams – entrepreneurs and their teams that have project ideas and the desire to implement them, but lack the requisite money and experience to conduct a successful ICO
- Experts – specialists with successful ICO experience and relevant qualifications, confirmed by the Rocket ICO community
- Investors – Rocket ICO members who own cryptcurrency, as well as members who have investment experience and wish to make money from projects conducted on the Rocket ICO platform.
With all the ICO’s on the market we have to question the whitepaper and missions behind each and everyone of them, if the purpose of the ICO seems valid then we need to look at the developers and early investors behind the ICO, then we simply flip a coin and make a choice whether to get involved.
So, Is RocketICO a Viable Business?
Yes, they make a good point that with so many ICO’s on the market and with the quantity only increasing over the coming years there is need in the market for experts in this field of work to provide professional services to those wanting to initiate their own ICO to provide funding for a business startup.
The demand for such services is only set to skyrocket over the coming months and years as ICO’s will potentially become the standard for generating quick cash for business startups. These are changing times, and they are changing rapidly – What Rocket ICO is offering is the first of it’s kind and likely not the last.
At the current rates 1 ETH = 300 preROCK. 1 x preRock is equal to 1 x RocketCoin. So in old money, 1 x RocketCoin = $0.93. Early investors are offered a 30% bonus which would bring the total cost of a single RocketCoin down to $0.71.
So at $0.71 per ROCK coin and with the total number of ROCK coins in circulation being fixed at 25 Million that gives RocketCoin a total market capital of $17,948,717, which places the asset at number 145 in the top 200 Cryptocurrencies according to coinmarketcap.
Putting this into perspective a little, if RocketCoin was to reach the value of something like TenX or Steem it would need a 1000% increase at least in its current valuation. So unlike many of the recent ICO’s we’ve seen this one does have huge amounts of room to grow and therefore reap some great returns for initial investors.
As always, do your own research and assess whether you think RocketICO has the potential to succeed before committing any of your funds to their project.
Disclaimer: Statements contained within this post do not represent the views or policies of anyone other than the writer. The information contained within this article is provided for discussion purposes only, and are not investing recommendations. Under no circumstances does this information represent a recommendation to buy or sell securities.