What is Rowket Market (KET) | What is Rowket Market token | What is KET token

What is Rowket Market (KET) | What is Rowket Market token | What is KET token

Rowket Market (KET) is a decentralized community-driven NFTs marketplace built on the Binance Smart Chain. Rowket is looking to introduce their own in-house NFTs marketplace where users will be able to mint, buy and sell exclusive NFTs for a fraction of the cost of what the competitors are charging. They are also introducing the first digital artist incubator on BSC with future plans of NFTs farming and NFTs lending using the NFT20 and NFTX protocols. What is Rowket Market (KET) | What is Rowket Market token | What is KET token

In this article, we'll discuss information about the Rowket Market project and KET token

With the rise of NFTs and Binance Smart Chain, Rowket Market is here to utilize those advancements and fill an essential gap when it comes to NFTs.

Rowket Market is a decentralized community-driven NFTs marketplace built on the Binance Smart Chain. When it comes to NFTs, Binance Smart Chain is barely starting and there isn’t enough infrastructure yet to utilize its full potential. Rowket is looking to introduce our own in-house NFTs marketplace where users will be able to mint, buy and sell exclusive NFTs for a fraction of the cost of what the competitors are charging.

Why Binance Smart Chain?

With the rise of Ethereum gas prices, many projects are switching over to alternatives for launch to cut down on costs and give greater access to the masses. Binance Smart Chain is currently seeing 3x more transaction volume compared to Ethereum. Thanks to its low transaction costs which average around .10 cents and about 3 seconds to confirm, Binance Smart Chain is on a path to take a major market share from Ethereum and we want to be early to witness that.

NFTS MARKETPLACE


Rowket Market is a decentralized community-driven NFTs marketplace built on the Binance Smart Chain. When it comes to NFTs, Binance Smart Chain is barely starting and there isn’t enough infrastructure yet to utilize its full potential. Rowket will be introducing its own in-house NFTs marketplace where users will be able to mint, buy and sell exclusive NFTs for a fraction of the cost of what the competitors are charging. In our marketplace, there will be different categories for different art forms and all of them would be curated except the “Independent Artists” category where anyone can mint and sell their own personal NFTs without being incubated. We will also introduce bidding for the sales of our NFTs to let market decide the best price feasible.

What Will It Do?

The aim is to connect digital collectors with creators while giving maximum exposure to the creators. Rowket Market will serve as a launchpad for rising artists to showcase their work while becoming the go-to place for the NFTs collectors on BSC.

We will incubate the artists in a way where they will be getting doxxed while proving the authentication of their original work. Then we will showcase the artist and their exclusive work on our limited edition curated list right on our homepage which will cycle through different artists every 72 hours.

Artists will need to apply through our website to get incubated with relevant information and we will get in touch with them.

Keep in mind not every artist will get accepted, we will handpick only the best ones to ensure quality for our NFTs collectors.

ARTIST INCUBATION


The aim is to connect digital collectors with creators while giving maximum exposure to the creators. Rowket Market will serve as a launchpad for rising artists to showcase their work while becoming the go-to place for the NFTs collectors on BSC. We will incubate the artists in a way where they will be getting doxxed while proving the authentication of their original work.

Then we will showcase the artist and their exclusive work with bidding on our limited edition curated list right on our homepage which will cycle through different artists every 72 hours. Artists will need to apply through our website to get incubated with relevant information and we will get in touch with them. Keep in mind not every artist will get accepted, we will handpick only the best ones to ensure quality for our NFTs collectors.

Rowket Market

The marketplace launch is 1–2 weeks ETA. We’ve been taking the community suggestion with the UI and are busy tweaking it. Other than the incubation and our curated lists, we will also have a category called “Independent Artists” where anyone can mint and post their work for sale subject to the approval of course.

NFTS LENDING


NFTs lending is the next big thing and to improve the speed and liquidity of NFT loans, we will be leveraging NFT20 and NFTX solutions for our NFT Loans.

The NFT20 and NFTX protocols bring fungibility to non-fungible tokens. It enables the pooling of NFT assets, which are then represented by newly-minted BEP20 tokens. These BEP20 tokens, each having a claim on a share of the pool, are fungible and can be freely traded on the open market via decentralized exchanges like Pancakeswap.

By implementing this NFT20, NFTX mechanism, platform users will be able to stake their NFT assets and instantly convert them to an BEP20 equivalent, which can in turn be staked as collateral. This eliminates the need for a case-by-case evaluation by lenders and spreads individual NFT valuations and risks across the NFT20, NFTX pools.

What Is $KET Token?

$KET is a deflationary instant yield token with an adjustable tax rate of 3% on transactions, which will give a 2% frictionless yield to hodlers and burns the other 1% for an ever-increasing price floor. It will also be used as the base currency for our marketplace to buy/sell NFTs.

KET is a deflationary instant yield token with a tax rate of 3%, which gives 1% to holders and burns the other 2% per transaction. The tax is adjustable, so the percentages can be changed if needed. KET will be the base currency of our NFTs marketplace, users will need it to buy and sell NFTs.

Max Supply: 50,000,000

How and Where to Buy Rowket Market (KET)?

KET token is now live on the Binance mainnet. The token address for KET is 0x5ddAe05d2f854926E8070b435d2dfe5edCa246D9. 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 WBNB in your wallet to cover the transaction fees.

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)...

SIGN UP ON BINANCE

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

Next step

Connect Metamask Wallet to Pancakeswap Decentralized Exchange and Buy KET token: https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x5ddAe05d2f854926E8070b435d2dfe5edCa246D9

Contract: 0x5ddAe05d2f854926E8070b435d2dfe5edCa246D9

Read more: What is Pancakeswap | Beginner's Guide on How to Use Pancakeswap

There are a few popular crypto exchanges where they have decent daily trading volumes and a huge user base. This will ensure you will be able to sell your coins at any time and the fees will usually be lower. It is suggested that you also register on these exchanges since once KET gets listed there it will attract a large amount of trading volumes from the users there, that means you will be having some great trading opportunities!

Top exchanges for token-coin trading. Follow instructions and make unlimited money

https://www.binance.com  ☞ https://www.bittrex.com  ☞ https://www.poloniex.com  ☞ https://www.bitfinex.com  ☞ https://www.huobi.com

Find more information KET

WebsiteExplorerSource CodeSocial ChannelSocial Channel 2Social Channel 3Message BoardCoinmarketcap

🔺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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