What is Ragnarok (ROK) | What is Ragnarok token | What is ROK token
In this article, we’ll discuss information about the Ragnarok project and ROK token
Use Case — Data Visualisation Tools The community has chosen to build data visualization tools that help assess the risk of an investment based on data fetched from the blockchain. This will enable investors to see if a token has a high chance of being a scam by just glancing at the Ragnarok Interface. This interface will be composed of information provided in a clean and easy to read way thanks to our design team. Automatic Audits Machine learning will be implemented to the Ragnarok Interface to provide the user with a confidence score for a particular token. Our community has shown it’s talents once more and has given us 3 Machine Learning experts that will be building an AI which will allocate a confidence score of 0–100% to a project based on how safe it is. By making our interface automated, we can offer this service for every single token in BSC, similar to PooCoin Charts. You’ll just have to ‘paste’ a Contract Address and our algorithms will do the magic. Optional Audits and KYC We will also offer Optional Audits and KYCs to project owners so they can prove to their community the legitimacy of their project. Once a project is Audited, KYCed or both, it will show up in the Ragnarok Interface as a stamp or certificate to let users know that the project has completed the optional tasks. This gives users additional security when investing in a token. The Ragnarok (ROK) token In order to give more value to the token and fund this project, the ROK token will be used in two ways. Firstly, audits will need to be paid in the form of liquidity. This means that if a project owner wants to have our audited stamp in their token, they will need to provide liquidity to the ROK liquidity pool. These tokens will then be required to be sent to a development wallet where they will be accumulated to enable CEX listings in the future. Secondly, only holders of the ROK token will be allowed to use the platform. This means that our community will keep growing and our token will become even more valuable. The specific requirements are still to be decided but it won’t be expensive and will be calculated at the current dollar price. This means that we will not be excluding people with lower funds.
Use Case — Data Visualisation Tools
The community has chosen to build data visualization tools that help assess the risk of an investment based on data fetched from the blockchain. This will enable investors to see if a token has a high chance of being a scam by just glancing at the Ragnarok Interface. This interface will be composed of information provided in a clean and easy to read way thanks to our design team.
Automatic Audits
Machine learning will be implemented to the Ragnarok Interface to provide the user with a confidence score for a particular token.
Our community has shown it’s talents once more and has given us 3 Machine Learning experts that will be building an AI which will allocate a confidence score of 0–100% to a project based on how safe it is. By making our interface automated, we can offer this service for every single token in BSC, similar to PooCoin Charts. You’ll just have to ‘paste’ a Contract Address and our algorithms will do the magic.
Optional Audits and KYC
We will also offer Optional Audits and KYCs to project owners so they can prove to their community the legitimacy of their project. Once a project is Audited, KYCed or both, it will show up in the Ragnarok Interface as a stamp or certificate to let users know that the project has completed the optional tasks. This gives users additional security when investing in a token.
The Ragnarok (RGNK) token
In order to give more value to the token and fund this project, the RGNK token will be used in two ways.
Firstly, audits will need to be paid in the form of liquidity. This means that if a project owner wants to have our audited stamp in their token, they will need to provide liquidity to the RGNK liquidity pool. These tokens will then be required to be sent to a development wallet where they will be accumulated to enable CEX listings in the future.
Secondly, only holders of the RGNK token will be allowed to use the platform. This means that our community will keep growing and our token will become even more valuable. The specific requirements are still to be decided but it won’t be expensive and will be calculated at the current dollar price. This means that we will not be excluding people with lower funds.
Token Visualisation Tools + Auditing Service (Scam sniffer/ DEX tools)
Our second proposal is to create a token visualisation tool that will not only represent a token’s price, but also how secure a token is.
A token will be evaluated with multiple algorithms that will search for patterns that scams tend to use, warning the investor of possible risks. As an example, it could detect a developer sending tokens to wallets before listing and then splitting these wallets into smaller ones.
An auditing service will also be created. Token creators can pay for this service by providing RNGK liquidity and the audit will be done by a group of experienced developers.
Bonus Proposal (Will take longer)
We combine both proposals into one by generating an application that not only serves as a launchpad, but also as a way of tracking how secure a token is. Auditing and possible KYC will be used to ensure the safety of investors.
Q&A
How do we solve the pump and dump problem?
- Vesting will be done after the presale has been completed. This means that 100% of the tokens will NOT be available to early investors, but instead will be released at constant intervals. For example, only 20% of the tokens bought during presale will be released per week.
How do we compete with other launchpads?
- Optional KYC offered for new launches. With different optional requirements, we can provide a score of 0–100 that represents how safe/legitimate a project may be. Investor’s security will be our priority and will help us clean the Binance Smart Chain and lay down the ground work for it to surpass Ethereum in terms of legitimate Dapps.
How and Where to Buy ROK token?
ROK token is now live on the Binance mainnet. The token address for ROK is 0x1717Cc260bACB7841B37Fed8d06846101b31e5C8. Be cautious not to purchase any other token with a smart contract different from this one (as this can be easily faked). We strongly advise to be vigilant and stay safe throughout the launch. Don’t let the excitement get the best of you.
Just be sure you have enough BNB in your wallet to cover the transaction fees.
Join To Get BNB (Binance Coin)! ☞ CLICK HERE
You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…
We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.
Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…
Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)
Next step
You need a wallet address to Connect to Pancakeswap Decentralized Exchange, we use Metamask wallet
If you don’t have a Metamask wallet, read this article and follow the steps
☞What is Metamask wallet | How to Create a wallet and Use
Transfer $BNB to your new Metamask wallet from your existing wallet
Next step
Connect Metamask Wallet to Pancakeswap Decentralized Exchange and Buy, Swap ROK token
Contract: 0x1717Cc260bACB7841B37Fed8d06846101b31e5C8
Read more: What is Pancakeswap | Beginner’s Guide on How to Use Pancakeswap
The top exchange for trading in ROK token is currently Pancakeswap v2
Find more information ROK
☞ Website ☞ Explorer ☞ Social Channel ☞ Social Channel 2 ☞ Social Channel 3 ☞ Message Board ☞ Coinmarketcap
🔺DISCLAIMER: The Information in the post isn’t financial advice, is intended FOR GENERAL INFORMATION PURPOSES ONLY. Trading Cryptocurrency is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money.
🔥 If you’re a beginner. I believe the article below will be useful to you ☞ What You Should Know Before Investing in Cryptocurrency - For Beginner
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