Gm guys.
I think I may have found a real gem in the making, a very interesting project called ROTTS.
They're still in the pre-launch phase, and there's a lot to like about what they bring to the DeFi crypto space.
They have:
— A cool collection of unique NFTs,
— A simple yet ingenious staking system (passive income),
— A dedicated international team,
— A low-tax deflationary currency called $ROTTS.
The team has made it clear that, unlike many other projects that aim to deliver 100 different utilities on day one and deliver none of them well, they will initially work on a single utility: the payment platform ROTTS.me, a payment platform similar to PayPal, but in DeFi.
Imagine a portal you can use on your phone or desktop to send or receive ROTTS, ETH or any other ERC20 tokens, without tax or gas fees, and without revealing your wallet address. I know, the potential is mind-boggling.
And, actually, it's pretty simple. Each individual will have a profile or account linked to their wallet. A database will be automatically updated with each transaction, so that each user's holdings are accurately reflected in real time.
You will only be able to see your own assets, not those of other users.
No more embarrassment of being a little fish in a whale's world. No more anxiety for developers, influencers, designers, artists or any other crypto-currency contributor when they have to show their entire wallet to someone, just to receive the payment they earned in a fair and equitable way. No more stressing about setting up another wallet, just to avoid someone seeing what you previously bought, or what your crypto is worth.
It combines the best aspects of crypto and DeFi with the best aspects of traditional banking, and it could very well be the beginning of real and lasting utility in the DeFi space.
The NFT pricing structure is cleverly tiered, with a clear incentive for early buyers.
— The first 1,500 will be 0.05 ETH,
— The next 3,500 will be 0.07 ETH,
— The last 5,000 will be at 0.09 ETH.
What are NFTs for? To obtain passive income in $ROTTS tokens through staking. 49% of the total supply is dedicated to staking. Every day, 700 million ROTTS are distributed, to be shared between stakers.
The ROTTS token will only be launched when 1,500 NFTs have been sold, and it will be launched with a very high liquidity, locked in for years. So what happens if they don't sell 1,500 NFT?
This is a unique case, as the ROTTS team is promising a 90% refund to all early buyers if the 1,500 NFTs are not sold. They will only use the 10% of NFT sales revenue for marketing and other pre-launch expenses, so they will have a huge pool of ETH intact if/when they reach the milestone of 1,500 NFTs sold.
I honestly think this is a project worth doing some serious research on, the website looks great and is very informative, and the white paper is a great read, breaking down the project into easy to digest chunks.
If you haven't discovered them yet, I highly recommend spending even 5-10 minutes on their website and white paper.
Links:
— Website (
https://www.rotts.io)
— Whitepaper (
https://docs.rotts.io)
— Twitter (
https://www.twitter.com/rottstoken)
— Telegram (
https://www.t.me/rottstoken)
I'm glad I found it before the herd arrived.
As always, DYOR!
