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Blockchain, Short Video, Web3 and other technologies are integrated, combined with PoA reward mechanism and Social-Fi elements to establish an epoch-making web3 creator economic system.
In recent years, with the popularity of Mobile Internet and smart terminals and the development of video technology, Big Data technology, and 5G technology, users of webcasting and short videos have surged dramatically. With the fragmentation, low threshold and high dissemination characteristics of short videos, users' pan-entertainment leisure time is also shifting to short videos. Short video content has no age, geographical, or identity distinction, with its unique mode of dissemination, has become an important part of people's life of entertainment.
The explosion of short videos has also directly led to a much shorter path to commercial realization, giving rise to a new business model and a fundamental change in the upgrading of the consumption structure. But behind the industry's euphoria, much risk is also hindering the further development of short videos, a healthy ecological pattern needs to be rebuilt.
The centralized short video platform occupies the absolute right to speak, the platform controls all the data of users, when encountered by theft, account blocking or information leaked, users have no ability to self-protection, while the platform controls the absolute rules, a large part of the income of the original work by the platform, MCN agencies and other third-party institutions share. Content creators are unable to get reciprocal revenue, and the revenue they receive is minimal compared to the advertising revenue of the platform.
On the other hand, users, as contributors to data traffic, maintain the activity of the platform and have done great contributions to many Internet giants such as Twitter, TikTok, Instagram, YouTube, etc. However, these platforms do not repay users when they rely on a huge amount of user data to generate a fortune. Not only do users have to endure the overwhelming ads, but they have to pay a monthly or annual fee to the platform if they want to get the "clean" version of the experience.
Rocket Video will break the deadlock and resolve this pain, and help the industry flourish in a healthy and sustainable direction, combining blockchain, short video, and Web3 technologies with PoA reward mechanism and Social-Fi elements to build a fair, just, and transparent economic ecosystem for Web3 creators.
Economic decentralization is related to the economy of Web3 systems. The emergence of programmable blockchains (e.g., Ethereum, Solana, and Avalanche) and digital assets (e.g., ETH, SOL, and AVAX) unleashes the ability for open source and decentralized systems to eventually have their decentralized economies (i.e., autonomous freedom and market economies).
This is a key breakthrough: Open source and decentralized protocols for previous generations of technologies (e.g. Web1, e.g. HTTP, SMTP, FTP, etc.) stagnated because they lacked the ability to incentivize continued development and/or further investment of critical resources back into their systems. This left fertile ground for the emergence and success of centralized companies of Web2, as they were able to leverage their own efficiencies and resources to build products and services beyond those of Web1. But this centralization has also led to countless examples of abusive user rights and aggressive commission rates.
Now, the technologies that support Web3 make it possible to create more complex open-source and decentralized systems - and enable decentralized economies to form around them - that will enable Web3 products and services to compete with and eventually outperform Web2 products and services.
Rocket Video will build a Web3 system that facilitates the formation of decentralized economies through carefully designed decisions that will allow our system to accumulate "value" from a wide range of sources - be it information, economic value, voting power, or other forms.
Rocket values the contributions of Rocket users and is determined to distribute that value fairly among system stakeholders based on the contributions. To achieve this, the Rocket system grants meaningful power, control, and ownership to system stakeholders (through RVT, the Rocket NFT, decentralized governance, etc.). This in turn encourages stakeholders to contribute meaningful value, as they have the power to decide how their contributions are treated and rewarded.
Technical decentralization is primarily concerned with the security and structural mechanisms of Web3 systems. The core innovation behind programmable blockchains is that they can support technology decentralization by providing a permissionless, trustless, and verifiable ecosystem in which value can be transferred and, more importantly, on which Web3 products and services can be built.
This means that products and services can be deployed and run without the need for a trusted centralized intermediary to operate them, opening up a vast world of possibilities.
For these reasons, technological decentralization underpins both types of economic decentralization and legal decentralization.
Rocket Video Token (RVT) is the social token in the Rocket ecosystem. RVT has multiple application scenarios and plays a crucial role in the Rocket ecosystem.
Rocket Video Token (RVT) application scenarios.
Participation in governance: Users can participate in the governance of Rocket DAO by pledging RVTs
Advertising cost: To place ads on Rocket, you need to pay for the ads using RVTs.
Purchase: Users can use RVTs to purchase Rocket blind boxes and other goods and services
Interaction: Use RVTs to purchase gifts for favourite creators or hosts within the Rocket App.
Earnings: Users can contribute social resources to share, like and comment to earn RVTs earnings.
Pledge: Pledge RVTs to get pledge mining revenue.
Live Streaming: Users can live stream on Rocket App, but they need to pledge or hold RVTs.
Rocket Video is defined as a blockchain short video platform, where blockchain technology is applied to short video content. Currently, in PGC platforms such as long-form video platforms and article reading, the content uploaded by authors is protected and violators will be punished accordingly in case of plagiarism. In the field of short video content, on the other hand, content is often straightforwardly transported or theft. Some of the original works may not get as much attention as the theft, copy-cat and the problem of plagiarism in the short video industry needs to be solved.
Rocket Video uses blockchain technology to provide a new copyright protection mechanism for short video creators. For example, in the decentralized short video platform built with blockchain thinking, content such as video and audio can be automatically registered using blockchain technology, and each content can get its own unique code, while the authorization of the work will be in the hands of the original author, to complete copyright tracking and rights protection, and the tamper-proof nature of blockchain will make copyright declaration for the content of the work and complete digital assets through smart contracts The blockchain's immutability will make copyright declaration for the content of the work and complete the digital assets through smart contracts.
Under such rules, users will apply for authorization to the original author every time they reproduce and publish content, and the content can be used only if the original author authorizes it, largely avoiding the original video handling in its original form.
To play a key role in creating incentives and building a broad base of stakeholders and facilitating economic flows in the network, we have set up the Rocket DAO, a channel that contains a series of on-chain and off-chain governance processes that help us coordinate incentives and streamline collaboration between Rocket teams, creators and consumers.
The Rocket DAO and governance processes are designed to enable the Rocket community to reach a fair and unbiased opinion on meaningful and significant decisions that are in the interest of the broader community, thereby maximizing transparency in the voting process and post-voting execution, while ensuring the safe and stable development of the Rocket project.
Rocket DAO's decentralized governance will bring many benefits to project development and eco-building, including
- By assigning control of the project to the Rocket DAO decentralized group, it will make the Rocket ecosystem more secure - thereby limiting the ability of any one party to control the system's governance.
- Providing meaningful stakeholder representation in decision-making through Rocket DAO and ensuring long-term incentive alignment among stakeholders helps make decentralized governance more effective - enabling it to contribute to the overall health of the Rocket ecosystem's decentralized economy and sustainability of the Rocket ecosystem.
- Support legal power decentralization by reducing stakeholder reliance on any individual or group for stewardship - thereby reducing the risk of potential information asymmetries.
To ensure effective DAO governance, Rocket DAO will have a number of incentives to encourage active user participation, including pledge voting incentives, compensation for Rocket DAO representatives, etc.
Also to prevent malicious attacks, Rocket DAO will use a "progressive decentralization" approach to electricity, gradually transferring full control from the Rocket team to the community when the ecosystem becomes more secure and stable.
The total number of RVTs issued is 1 billion, which will be unlocked within 7 years.
In-app mining output 80%. The mining output is mainly divided into 3 parts:
Play To Earn - Earn RVT tokens by playing games in the Rocket App.
Watch To Earn - Watch videos and earn RVT tokens.
Social To Earn - Share, Like, and Comment on videos to earn RVT tokens.
Team 10% Reward core team members and pay for team running costs.
Foundation 5% The Rocket Foundation will be responsible for the operation of Rocket DAO. In order to ensure the healthy and sustainable development of the Rocket community, these tokens will be used for ecological construction, market promotion, business cooperation, legal compliance, etc.
Consultant 2% To reward outstanding advisors who help and support Rocket's development.
Sale 3% Will be used for private sale and public offering
Users can burn RVTs to permanently increase the number of Rocket Launch Pads in order to increase the number of Rockets launched each day.
The maximum number of Rocket Launch Pads is 5. The number of RVTs that need to be burned increases with the number of Rocket Launch Pads.
After completing the daily task, the user can launch rockets. The number of rockets that can be launched is less than or equal to the number of launch pads that the user has unlocked. For each additional rocket launched, a certain amount of bonus computing power will be added. Details are as follows:
The Number of Rocket Launch Pad | The Number of RVTs Burned |
---|---|
The Number of Rocket Launched | Bonus Computing Power Added |
---|---|
1
0
2
Previous Day’s RVT/CP × 1000
3
Previous Day’s RVT/CP × 3000
4
Previous Day’s RVT/CP × 9000
5
Previous Day’s RVT/CP × 27000
1
0%
2
1%
3
3%
4
9%
5
27%
Users who hold Rocket NFTs can participate in mining in the Rocket App, but they need to pledge a corresponding amount of RVT as energy to start mining.
Users who hold Rocket NFTs and have been activated with energy packs can complete daily tasks and participate in mining. After completing the daily tasks, they can get corresponding computing power.
The number of RVTs obtained by each computing power each day = Daily coin production ÷ Total computing power of the entire network.
The total issuance of RVTs is 1 billion, 80% of which will be used for mining output. The mining is divided into five stages, and the monthly growth rate will be halved after each stage.
Stage 1 (Apr 2022): The project is issued for the first time, and a specific amount of tokens will be airdropped, which will be released in batches with conditions.
Stage 2 (Apr 2022 - Mar 2023): The monthly growth in the first year is 10% of the market circulation.
Stage 3 (Apr 2023 - Mar 2025): The monthly increase in the 23 years is 5% of the circulation.
Stage 4 (Apr 2025 - Mar 2028): 2.5% of the circulation in the 4th-5th year.
Stage 5 (Apr 2028 ~): The monthly increase of 1.25% of the circulation at the beginning of the sixth year, until all 800 million tokens have been mined. The daily output of RVT is divided into 3 reward pools (the proportion of reward pools can be adjusted according to market conditions).
Daily task pool, accounting for 60% of daily output.
Creator pool, accounting for 30% of daily output.
Invitation reward pool, accounting for 10% of daily output.
There is no upper limit on the number of Rocket NFTs issued, and there are 5 different ranks. Users can buy Rocket Mystery Boxes on the official website and Rocket App, and each time they open a Rocket Mystery Box, they can get a Rocket NFT at random.
With the rocket as an element, the first batch of 2,000 Genesis Mystery Boxes will be issued, each containing a Rocket NFT. Rocket NFT plays a vital role as an important part of the Rocket ecosystem.
Users who hold Rocket NFTs can enjoy Rocket App advertising revenue share
You can join the Rocket Club, participate in regular club meetings, and communicate and interact with the world's top creators and stars offline
Rocket Video will create a brand IP with NFT as the main element. Around these IPs, we will issue peripheral products online and offline. 20% of the sales profits of these products will be allocated to users who hold Rocket NFTs.
Exclusive interactions, holders can engage in deeper interactions with their favorite creators, as well as access premium content and live broadcasts, including free admission to some events that require tickets, etc.
Holders can have unique features in the Rocket App and enjoy additional discounts when purchasing goods and services in the app.
Mining, holders can earn more RVT tokens through mining by using their Rocket NFT.
As the number of users grows, In addition to the first batch of 2,000 Mystery Boxes, Rocket will launch new NFT Mystery Boxes based on subsequent market conditions and user growth.
In addition to the Mystery Box, Rocket will release commemorative directed NFTs from time to time, most of which will be epic or legendary. There are mainly the following distribution mechanisms:
The official release of commemorative NFTs.
Regularly select excellent works in user submissions to casting into NFTs.
Issue exclusive NFTs for some outstanding creators.
Issue exclusive NFTs for film and television and song stars.
Issue exclusive NFTs for some popular works.
Every NFT's base level is Level 1. Users can increase the base computing power by upgrading their NFT levels. The NFT level after minting will be the highest among the 3 NFTs used to mint. Users need to consume energy points to upgrade NFTs. Energy points are obtained through staking RVTs. A portion of RVTs needs to be burned when NFT levels reach milestone levels (10, 20, 30, 40, 50, 60, 70, 80, 90, 100).
Energy points are obtained through staking RVTs. We use a time-weighted algorithm. The longer the RVT staking time is, the larger the conversion rate will be, which means that more energy points can be obtained. The conversion rate will be zero when users withdraw RVTs.
The cost for Leveling up Rocket NFT can be referred as below:
Every Rocket NFT has default durability of 100 points. Every time the rocket is launched, the durability will be consumed and randomly decrease by 5-10 points. When the level of durability decreases, users need to burn RVTs to fix the level of durability. The higher the NFT rank, the more RVTs that need to be burned when fixing.
When NFT durability is at 100/100 to 61/100, the rocket computing power is 100% effective.
When NFT durability is at 60/100 to 41/100, the rocket computing power is 90% effective.
When NFT durability is at 40/100 to 21/100, the rocket computing power is 50% effective.
When NFT durability is at 20/100 to 1/100, the rocket computing power is 10% effective.
When NFT durability decrease to 0/100, the rocket cannot be launched.
Below is the number of RVTs that needs to be consumed to fix Rocket durability:
*RVT/CP: The number of RVTs obtained for each unit computing power
NFT Ranks | The Number of RVTs Needed To Fix 1 Point of Durability |
---|---|
Normal
Previous Day’s RVT/CP × 0.2
Excellent
Previous Day’s RVT/CP × 0.8
Rare
Previous Day’s RVT/CP × 2.4
Mythic
Previous Day’s RVT/CP × 9
Legendary
Previous Day’s RVT/CP × 120
*RVT/CP: The number of RVTs obtained for each unit computing power
NFT Level | Energy Required For Level Up | RVT Required For Milestone Level | Computer Power Increased |
---|---|---|---|
1
30
N/A
0.10%
2
50
N/A
0.15%
3
80
N/A
0.23%
4
120
N/A
0.33%
5
170
N/A
0.45%
6
230
N/A
0.60%
7
300
N/A
0.78%
8
380
N/A
0.98%
9
470
N/A
1.20%
10
570
Previous Day’s RVT/CP × 20
3.70%
11
680
N/A
3.98%
12
800
N/A
4.28%
13
930
N/A
4.60%
14
1070
N/A
4.95%
15
1220
N/A
5.33%
16
1380
N/A
5.73%
17
1550
N/A
6.15%
18
1730
N/A
6.60%
19
1920
N/A
7.08%
20
2120
Previous Day’s RVT/CP × 50
12.08%
3 Normal NFTs can be minted to an Excellent NFT. The number of RVTs that need to be burned when minting is Previous Day’s RVT/CP × 70. The minting success rate is 100%.
3 Excellent NFTs can be minted to a Rare NFT. The number of RVTs that need to be burned when minting is Previous Day’s RVT/CP × 210. The minting success rate is 60%. If minting fails, RVTs are burned, but the original NFTs are preserved.
3 Rare NFTs can be minted to a Mythic NFT. The number of RVTs that need to be burned when minting is Previous Day’s RVT/CP × 6300. The minting success rate is 30%. If minting fails, RVTs are burned, but the original NFTs are preserved.
Legendary NFTs cannot be minted.
After the Rocket Adventure is launched, the official will not sell mystery boxes any more. All mystery boxes can only be obtained by Rocket Adventure. Different Rocket Ranks are accessible to different Adventure Planets. Rockets with higher ranks can access Planets with more resources, which means the drop rate for higher-rank mystery boxes is also higher. Every NFT is able to complete Adventures for a maximum of 7 times. There will be a cooldown after each Adventure completion.
The number of RVTs that need to be burned for each Adventure is determined by the number of RVTs obtained for each unit of computing power, which is updated every day at 12:00 UTC.
RVT/CP: The number of RVTs obtained for each unit computing power
*RVT/CP: The number of RVTs obtained for each unit computing power
*RVT/CP: The number of RVTs obtained for each unit computing power
*RVT/CP: The number of RVTs obtained for each unit computing power
NFT Ranks | Normal Mystery Box Drop Rate | Excellent Mystery Box Drop Rate | Rare Mystery Box Drop Rate | Mythic Mystery Box Drop Rate | Legendary Mystery Box Drop Rate |
---|---|---|---|---|---|
NFT Ranks | The Number of RVTs Burned for Each Adventure | Cooldown Time After Each Adventure |
---|---|---|
NFT Level | Energy Required For Level Up | RVT Required For Milestone Level | Computer Power Increased |
---|---|---|---|
NFT Level | Energy Required For Level Up | RVT Required For Milestone Level | Computer Power Increased |
---|---|---|---|
NFT Level | Energy Required For Level Up | RVT Required For Milestone Level | Computer Power Increased |
---|---|---|---|
Normal
90%
9%
1%
0
0
Excellent
15%
79%
5%
1%
0
Rare
0
15%
79%
5%
1%
Mythic
0
0
15%
80%
5%
Legendary
0
0
0
49%
51%
Normal
Previous Day’s RVT/CP × 70
3 days
Excellent
Previous Day’s RVT/CP × 210
3 days
Rare
Previous Day’s RVT/CP × 6300
3 days
Mythic
Previous Day’s RVT/CP × 25200
3 days
Legendary
Previous Day’s RVT/CP × 46200
3 days
1
10
N/A
0.10%
2
30
N/A
0.15%
3
60
N/A
0.23%
4
100
N/A
0.33%
5
150
N/A
0.45%
6
210
N/A
0.60%
7
280
N/A
0.78%
8
360
N/A
0.98%
9
450
N/A
1.20%
10
550
Previous Day’s RVT/CP × 5
3.70%
1
90
N/A
0.10%
2
110
N/A
0.15%
3
140
N/A
0.23%
4
180
N/A
0.33%
5
230
N/A
0.45%
6
290
N/A
0.60%
7
360
N/A
0.78%
8
440
N/A
0.98%
9
530
N/A
1.20%
10
630
Previous Day’s RVT/CP × 60
3.70%
11
740
N/A
3.98%
12
860
N/A
4.28%
13
990
N/A
4.60%
14
1130
N/A
4.95%
15
1280
N/A
5.33%
16
1440
N/A
5.73%
17
1610
N/A
6.15%
18
1790
N/A
6.60%
19
1980
N/A
7.08%
20
2180
Previous Day’s RVT/CP × 150
12.08%
21
2390
N/A
12.60%
22
2610
N/A
13.15%
23
2840
N/A
13.73%
24
3080
N/A
14.33%
25
3330
N/A
14.95%
26
3590
N/A
15.60%
27
3860
N/A
16.28%
28
4140
N/A
16.98%
29
4430
N/A
17.70%
30
4730
Previous Day’s RVT/CP × 270
25.20%
31
5040
N/A
25.98%
32
5360
N/A
26.78%
33
5690
N/A
27.60%
34
6030
N/A
28.45%
35
6380
N/A
29.33%
36
6740
N/A
30.23%
37
7110
N/A
34.15%
38
7490
N/A
32.10%
39
7880
N/A
33.08%
40
8280
Previous Day’s RVT/CP × 360
43.08%
1
90
N/A
0.10%
2
110
N/A
0.15%
3
140
N/A
0.23%
4
180
N/A
0.33%
5
230
N/A
0.45%
6
290
N/A
0.60%
7
360
N/A
0.78%
8
440
N/A
0.98%
9
530
N/A
1.20%
10
630
Previous Day’s RVT/CP × 240
3.70%
11
740
N/A
3.98%
12
860
N/A
4.28%
13
990
N/A
4.60%
14
1130
N/A
4.95%
15
1280
N/A
5.33%
16
1440
N/A
5.73%
17
1610
N/A
6.15%
18
1790
N/A
6.60%
19
1980
N/A
7.08%
20
2180
Previous Day’s RVT/CP × 600
12.08%
21
2390
N/A
12.60%
22
2610
N/A
13.15%
23
2840
N/A
13.73%
24
3080
N/A
14.33%
25
3330
N/A
14.95%
26
3590
N/A
15.60%
27
3860
N/A
16.28%
28
4140
N/A
16.98%
29
4430
N/A
17.70%
30
4730
Previous Day’s RVT/CP × 108
25.20%
31
5040
N/A
25.98%
32
5360
N/A
26.78%
33
5690
N/A
27.60%
34
6030
N/A
28.45%
35
6380
N/A
29.33%
36
6740
N/A
30.23%
37
7110
N/A
34.15%
38
7490
N/A
32.10%
39
7880
N/A
33.08%
40
8280
Previous Day’s RVT/CP × 144
43.08%
41
8870
N/A
44.10%
42
9290
N/A
45.15%
43
9720
N/A
46.23%
44
10160
N/A
47.33%
45
10610
N/A
48.45%
46
11070
N/A
49.60%
47
11540
N/A
50.78%
48
12020
N/A
51.98%
49
12510
N/A
53.20%
50
13010
Previous Day’s RVT/CP × 180
65.70%
51
13520
N/A
66.98%
52
14040
N/A
68.28%
53
14570
N/A
69.60%
54
15110
N/A
70.95%
55
15660
N/A
72.33%
56
16220
N/A
73.73%
57
16790
N/A
75.15%
58
17370
N/A
76.60%
59
17960
N/A
78.08%
60
18560
Previous Day’s RVT/CP × 216
93.08%
61
19170
N/A
94.60%
62
19790
N/A
96.15%
63
20420
N/A
97.73%
64
21060
N/A
99.33%
65
21710
N/A
100.95%
66
22370
N/A
102.60%
67
23040
N/A
104.28%
68
23720
N/A
105.98%
69
24410
N/A
107.70%
70
25110
Previous Day’s RVT/CP × 324
125.20%
71
25820
N/A
126.98%
72
26540
N/A
128.78%
73
27270
N/A
130.60%
74
28010
N/A
132.45%
75
28760
N/A
134.33%
76
29520
N/A
136.23%
77
30290
N/A
138.15%
78
31070
N/A
140.10%
79
31860
N/A
142.08%
80
32660
Previous Day’s RVT/CP × 432
162.08%
At the early stage, each new user needs an invitation code to be able to purchase NFT on the website or sign up on the rocket App. Invitation codes can be obtained through sharing from the user who holds the rocket NFT or airdrops from our official channel.
The user who holds the rocket NFT can get one invitation code each time they launch a rocket. Each code can be activated multiple times, and will be expired in 7 days.
You need to hold an NFT above the excellent level to become a creator.
Calculate the creative computing power according to the number of likes, comments, and forwarding of the video that the creators get every day.
The number of RVTs that can be obtained by each creative computing power = Daily coin production ÷ Total daily creation computing power of the entire network
Users without Rocket NFTs can also participate in in-app mining, but after completing daily tasks, they can only get a small amount of computing power rewards, and cannot enjoy the computing power bonus brought by Rocket NFTs.
Browse the video for 30 minutes.
Like 20 videos.
Post 10 comments.
Share 5 videos.
*We may adjust tasks according to the actual situation.
Only 1,000 valid invitees can apply to become a super node, and a super node needs to pledge 100,000 RVT. After becoming a super node, you can enjoy more generous benefits:
Free Super Node special NFTs (the level is legendary).
Bonus of invitation computing power.
Chance of participating in NFT transaction fee-sharing.
The right to propose Rocket DAO governance.
The highest level of invitation is 3, that is, the inviter, the first-level invited user, the second-level invited user, and the third-level invited user.
Every time the first-level invited user purchases a rocket mystery box, the inviter can get a certain number of mystery box fragments. The number of fragments that can be obtained depends on which rank of the box is purchased by the first-level invited user (please refer below for more details). Every 20 fragments can be exchanged for a rocket mystery box for free. The level of the redeemed mystery box is fixed to Excellent.
The Inviter can get invitation computing power when the invited user generates computing power from the daily task, the converting formula is:
The daily output of the invitation computing power pool ÷ the total daily invitation computing power of the whole platform = the amount of RVT that can be obtained by each invitation computing power
When the invited user buys the rocket boxes, the inviter can get a mount of mystery box fragments (Depending on what kind of mystery box the invited user purchased). The inviter can consume 20 fragments to redeem one excellent rocket NFT box. Box fragments rewarding system refers to:
1 computing power generated (from daily task only) by each level of user | The invitation computing power that the Inviter can get |
---|---|
Rank of Mystery Box Bought By Invited User | The Box Fragments The Inviter Rewarded |
---|---|
First-Level Invited User
0.6
Second-Level Invited User
0.3
Third-Level Invited User
0.1
Normal Mystery Box
1
Excellent Mystery Box
3
Rare Mystery Box
9
Epic Mystery Box
27
Legendary Mystery Box
500
Blockchain is a chain data structure that combines data blocks in a sequential manner according to time sequence. It solves trust and identity in the Internet through anti-tampering mechanism, distributed accounting mechanism and token mechanism. and value issues. As far as the underlying logic is concerned, operating the blockchain in the short video field will redefine industry rules such as copyright ownership, transaction and revenue distribution models in content consumption.
First of all, the unique anti-tampering mechanism of the blockchain can tie the author, content and time of the video work together, so as to realize "creation is confirmation, the transaction is authorization, discovery is rights protection", which fundamentally makes up for short videos. Due to the inherent problems of "virtuality, fragility, concealment, and easy tampering" in copyright, the original creator can have full control over his own work.
The sinking of users and content will inevitably lead to the transformation of content. In the future, short videos are not only the output of entertainment and life-oriented content, but also can deliver content that has depth and connotation, and spreads positive social energy. The industry will develop in a comprehensive and formalized direction.
Secondly, smart contracts can preset revenue distribution, so that video content can be directly transferred among various users, so as to truly realize value transfer. It effectively avoids the revenue monopoly or excessive involvement of third-party institutions such as short video platforms and MCN agencies.
Thirdly, the token mechanism can monetize "user contributions", and users can get corresponding rewards for watching videos, likes, comments, and reposts or tips. This means that fans who originally were "leeks to be cut" can obtain rights and interests from the creator's income, and the vision of "everyone is a shareholder" will greatly activate the participation of ordinary netizens.
From this, it is not difficult to see that Rocket, which combines blockchain, Web3, and short videos, is like a "transformer" of short video genes, which can correct the original "congenital deficiencies" in the industry and provide a brand-new reciprocal distributed economic ecology for creators. In this ecosystem, short video creators live in the center of the ecosystem, they have the right to speak, and they can maximize the value brought by their intellectual property, and fans will also gain the interactive value of their "attention". As a result, the ecology of the short video content industry will be reconstructed.
Eric Arruda -- Rocket CEO
M.S. in Electrical Engineering from the University of Pennsylvania, MBA from Wharton School, and a serial entrepreneur in Silicon Valley.
Henry Morisot -- Rocket CTO
Formerly a senior engineer at Google, with 15 years of experience in development and more than 10 large-scale projects.
Ben Pokhvalin -- Rocket COO
Graduated from New York University. MBA from Harvard Business School worked at Amazon AWS, eBay, and JP Morgan Chase, and was an early investor in over 70 start-ups.
Jesse Revsin -- Rocket CFO
He holds a master's degree in management from the Higher School of Economics and the Faculty of Economics of Moscow State University. managing partner of YC Funds.
Marley Price -- Legal & Compliance
Former corporate and securities lawyer at Mitchell, Silberberg & Knupp, and Duane Morris.
Alex Skelly -- Blockchain & Economics
Previously at Top Tier Capital, ZZ Ventures; University of Chicago
RVTS and Rocket NFTS are the most critical tools for Rocket Web3 to facilitate the formation and continued operation of a decentralized economy because they balance the incentives between project developers, content contributors, and content consumers.
Thus, RVTS and Rocket NFTS are the cogs that continue to drive the network effect, and as more people participate in the overall ecosystem, the Rocket system will become more valuable to more users. But unlike the Web2 network effect, users in the Rocket Web3 system are able to experience great content while reaping the benefits of their contributions.
Through digital asset incentives, successful user acquisition and retention can significantly increase the intrinsic incentive of content contributors such as short-form video creators and hosts to bring more value to the system and ultimately attract more users, thus entering an ideal virtuous cycle.
Rocket is committed to building a system that can be a virtuous cycle by using the novel components of the Web3.0 system. And to achieve the transition from a centralized model (e.g. web2) to a decentralized model (e.g. Web3).
Deploying open-source smart contract protocols to a decentralized and programmable blockchain network, forming the core infrastructure layer of the Web3 system. - Smart contract protocols provide the execution layer for all back-end components that can be deployed on the chain (i.e., payments, messaging, etc.).
Running the 'client' layer in a decentralized manner. - The client represents all the software of the system running under the chain and acts as a gateway to the smart contract protocol (the client can be as simple as a front-end website or as complex as an application).
Adding digital asset distribution. - This includes airdrops to contributors and consumers; distribution to insiders (employees, consultants and shareholders of the development company); distribution of digital assets to explicit incentive programs ("Rocket Program " as well as the "Million Hosts Program", etc.); and a foundation controlled by Rocket DAO for any future incentives.
Initiating smart contract protocols and Rocket DAO governance.
Ensure that users own and retain their own data.
The Rocket Web3 system is a novel smart contract protocol deployed on an existing programmable blockchain network. We use the blockchain network and smart contract protocol to decentralize the technology and to control the team creating the system by initiating decentralized governance in the form of Rocket DAO to ensure that the team implements decisions from Rocket DAO fairly and transparently. This ensures transparency and greater safety and security of the Rocket Web3 system, which means that no individual or group can dictate control of the Rocket Web3 system.
While we have seen specific categories of decentralized financial "DeFi" and core infrastructure projects take off in recent years, we believe we will soon see the emergence of decentralized versions of existing Web2 categories such as social media, video, music, etc., Rocket is leveraging emerging cryptographic and Web3 technologies - specifically programmable blockchains, combinable smart contracts, and digital assets - to build a decentralized system for an unprecedented level of coordination and operational functionality. Specifically programmable blockchains, compassable smart contracts, and digital assets - to build a decentralized system for an unprecedented level of coordination and operational functionality.
Each Rocket NFT has an energy value of 7. When each Rokcet NFT is equipped and launched for daily mining, it will consume 1 energy. When the energy drops to 0, the NFT cannot continue to be launched. The user can consume energy points to supplement the energy for the NFT.
Energy points can be obtained by staking RVT. Here we use a time-weighted algorithm. The longer the pledged RVT time is, the greater gaining will be, and the more energy points will be obtained. When the user withdraws the RVT, the gaining will be cleared. Below declares the details about the Energy Point Production Algorithm
1 energy point is obtained for each RVT staked for the first day (24 hours). The number of energy points obtained each day after the first day is increased by 0.1% from the previous day.
Users can purchase mystery boxes on the official website using MATIC. Users can get a random Rocket NFT by opening mystery boxes.
Mystery boxes are divided into 5 ranks. Different ranks of mystery boxes generate NFTs with different drop rates. Detailed drop rates are as follows:
Mystery Box Ranks | Normal NFT Drop Rate | Excellent NFT Drop Rate | Rare NFT Drop Rate | Mythic NFT Drop Rate | Legendary NFT Drop Rate |
---|---|---|---|---|---|
Mystery Box Ranks | Price for No.1 - No.1000 | Price for No.1001 - No.5000 | Price for No.5001 - No.10000 | Price for No.10001 and More |
---|---|---|---|---|
Normal
80%
20%
0%
0%
0%
Excellent
25%
73%
2%
0%
0%
Rare
0%
27%
71%
2%
0%
Epic
0%
0%
30%
68%
2%
Legendary
0%
0%
0%
35%
65%
Normal
0.05BNB
0.06BNB
0.07BNB
0.08BNB
Excellent
0.15BNB
0.18BNB
0.21BNB
0.24BNB
Rare
0.45BNB
0.55BNB
0.65BNB
0.75BNB
Epic
1.5BNB
1.8BNB
2.1BNB
2.4BNB
Legendary
25BNB
30BNB
35BNB
40BNB
In order to better implement the Web3 system and improve user experience, we will build a decentralized wallet function into Rocket App, which will mainly support ETH and polygon assets in the early stage, and have a simple liquidity exchange function. Later on, we will gradually add more public chain assets access and exchange, as well as NFT display function.
Users can obtain special effects such as exclusive avatar frames, labels, chat bubbles, etc. based on the NFT ranks in user accounts. These special effects are presented in user profile page, comment, avatar, message, streaming, etc.
NFT Ranks | Special Effects |
---|---|
Normal
No Effect
Excellent
No Effect
Rare
Golden Effect
Mythic
Diamond Effect
Legendary
Master Effect
*RVT/CP: The number of RVTs obtained for each unit computing power
NFT Level | Energy Required For Level Up | RVT Required For Milestone Level | Computer Power Increased |
---|---|---|---|
1
810
N/A
0.10%
2
830
N/A
0.15%
3
860
N/A
0.23%
4
900
N/A
0.33%
5
950
N/A
0.45%
6
1010
N/A
0.60%
7
1080
N/A
0.78%
8
441160
N/A
0.98%
9
1250
N/A
1.20%
10
1350
Previous Day’s RVT/CP × 4400
3.70%
11
1460
N/A
3.98%
12
1580
N/A
4.28%
13
1710
N/A
4.60%
14
1850
N/A
4.95%
15
2000
N/A
5.33%
16
2160
N/A
5.73%
17
2330
N/A
6.15%
18
2510
N/A
6.60%
19
2700
N/A
7.08%
20
2900
Previous Day’s RVT/CP × 11000
12.08%
21
3110
N/A
12.60%
22
3330
N/A
13.15%
23
3560
N/A
13.73%
24
3800
N/A
14.33%
25
4050
N/A
14.95%
26
4310
N/A
15.60%
27
4580
N/A
16.28%
28
4860
N/A
16.98%
29
5150
N/A
17.70%
30
5450
Previous Day’s RVT/CP × 19800
25.20%
31
5760
N/A
25.98%
32
6080
N/A
26.78%
33
6410
N/A
27.60%
34
6750
N/A
28.45%
35
7100
N/A
29.33%
36
7460
N/A
30.23%
37
7830
N/A
34.15%
38
8210
N/A
32.10%
39
8600
N/A
33.08%
40
9000
Previous Day’s RVT/CP × 26400
43.08%
41
9410
N/A
44.10%
42
9830
N/A
45.15%
43
10260
N/A
46.23%
44
10700
N/A
47.33%
45
11150
N/A
48.45%
46
11610
N/A
49.60%
47
12080
N/A
50.78%
48
12560
N/A
51.98%
49
13050
N/A
53.20%
50
13550
Previous Day’s RVT/CP × 33000
65.70%
51
14060
N/A
66.98%
52
14580
N/A
68.28%
53
15110
N/A
69.60%
54
15650
N/A
70.95%
55
16200
N/A
72.33%
56
16760
N/A
73.73%
57
17330
N/A
75.15%
58
17910
N/A
76.60%
59
18500
N/A
78.08%
60
19100
Previous Day’s RVT/CP × 39600
93.08%
61
19710
N/A
94.60%
62
20330
N/A
96.15%
63
20960
N/A
97.73%
64
21600
N/A
99.33%
65
22250
N/A
100.95%
66
22910
N/A
102.60%
67
23580
N/A
104.28%
68
24260
N/A
105.98%
69
24950
N/A
107.70%
70
25650
Previous Day’s RVT/CP × 46200
125.20%
71
26360
N/A
126.98%
72
27080
N/A
128.78%
73
27810
N/A
130.60%
74
28550
N/A
132.45%
75
29300
N/A
134.33%
76
30060
N/A
136.23%
77
30830
N/A
138.15%
78
31610
N/A
140.10%
79
32400
N/A
142.08%
80
33200
Previous Day’s RVT/CP × 59400
162.08%
81
34010
N/A
164.10%
82
34830
N/A
166.15%
83
35660
N/A
168.23%
84
36500
N/A
170.33%
85
37350
N/A
172.45%
86
38210
N/A
174.60%
87
39080
N/A
176.78%
88
39960
N/A
178.98%
89
40850
N/A
181.20%
90
41750
Previous Day’s RVT/CP × 79200
203.70%
91
42660
N/A
205.98%
92
43580
N/A
208.28%
93
44510
N/A
210.60%
94
45450
N/A
212.95%
95
46400
N/A
215.33%
96
47360
N/A
217.73%
97
48330
N/A
220.15%
98
49310
N/A
222.60%
99
50300
N/A
225.08%
100
51300
Previous Day’s RVT/CP × 99000
250.08%