RociFi, an Onchain Credit Scoring Primitive, will go live with a Liquidity Bootstrapping Pool (LBP) on Fjord Foundry. The LBP will run from September 19 at 14:00 UTC until September 22 at 14:00 UTC.
$ROCI is the native token of RociFi with a total supply of 1 billion, of which 5% will be allocated to LBP. The LBP details are as follows.
- Network: Ethereum
- Project Token: $ROCI
- Buying Token: $USDC
- Starting Number of Tokens: 50,000,000 $ROCI; 50,000 $USDC
- Duration: 3 days (End Date: Sep 22, 2023)
What is RociFi？
RociFi is an Onchain Credit Scoring Primitive built on Ethereum that allows users to monetize their on-chain history via lower borrowing rates, higher loan-to-value ratios, or boosted token rewards based on their credit history in DeFi.
$ROCI is RociFi's native utility and governance token. Holders of $ROCI will derive three utilities:
- Staking for Data Node Operators: Nodes will be required to stake 1M $ROCI as collateral that will be slashed if they report incorrect data. Good Nodes will be rewarded with 100% of protocol revenue plus staking rewards from the Growth Mining program; paid out in $ROCI.
- Transaction Fees: Protocols that query RociFi's Oracle API more than 100 times per month will be charged 100 $ROCI per each 100 calls afterwards.
- Governance: $ROCI holders looking to vote in governance will need to stake $ROCI for veROCI, the voting token for the RociFi DAO. Long-term stakers will be rewarded with more voting power.
The total supply of $ROCI is capped at 1 billion tokens.
- Liquidity Bootstrapping Pool (LBP) — 5%
- Community Airdrop — 2%
- DAO Treasury — 20% (1-month cliff with 48-month linear vesting)
- Growth Mining — 28% (1-month cliff with 48-month linear vesting)
- Token Liquidity — 5% (20% or 10M $ROCI are unlocked at token launch to bootstrap initial DEX trading. The remaining allocation is subject to a 48-month linear vesting schedule.)
- Team and Advisors — 18.6% (12-month cliff with 24-month linear vesting)
- RociFi Labs — 7% (1-month cliff with 48-month linear vesting)
- Investors — 14.4%
- Pre-seed — 10% (12-month cliff with 15-month linear vesting)
- Seed — 4.4% (12-month cliff with 12-month linear vesting)
What is Fjord Foundry？
Fjord Foundry, formerly Copper, is a community platform that empowers project teams to openly and fairly bootstrap an engaged community through a Balancer Liquidity Bootstrapping Pool (LBP).
Liquidity Bootstrapping Pools are the fair and transparent way to build a new community via a token and Fjord connects new projects with passionate supporters.
In addition, Fjord works with a number of reliable third-party service providers that can help new communities in a range of areas, including auditing, marketing, consulting, advisory and governance.
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