Ragnarok is back in business $ROK
Improved contract and successful airdrop — Ragnarok is back stronger and better than ever before.
Migration to $ROK and our tokenomics
As some of you may already know, we have migrated from Ragnarok V1 $RGNK to Ragnarok V2 $ROK. This migration was necessary because our old contract was burning tokens, rather than adding it to the liquidity pool. This meant that it would not be able to sustain our growth in the long term as there would not be sufficient liquidity for everyone to benefit. Our old contract did not meet our standards, which is why we needed an improved version.
As you may have realised already, liquidity is key for sustainable growth. A high liquidity means that whenever someone sells, the effect on the price is much weaker than with a low liquidity. This is why we raised 250BNB for liquidity in our presale. Strong project, strong liquidity. Not a single whale that participated in our presale has sold any tokens. Our trustworthy whales are holding to their bags because they believe in what we are building.
And as to our new version? $ROK is working just how we wanted it to. Our tokenomics in $ROK have been optimised to support our growth. There is a 10% fee for every transaction, 8% is automatically being added to the liquidity pool and 2% is being reflected. What does this mean? It means that with every transaction our liquidity is growing and our holders are getting rewarded.
Successful airdrop
We promised our V1 holders that they would receive tokens in our V2. And as promised, we have delivered. This shows our commitment to you and the great team we have here at Ragnarok.
The airdrop was completed on the 12th of May 2021 and if you were a V1 holder you should have received your tokens in V2. Given the particular circumstances in V1, we had to make the airdrop as fair for everyone as possible. Therefore, we set some criteria for the airdrop which was discussed with the community at our AMA’s.
Criteria:
1. You will not receive tokens if you bought after the snapshot on May 3rd at 11:06 GMT
2. You will not receive tokens if you sold your tokens during the dip
3. Reflection will not be added to the airdrop
4. You will receive less tokens if you bought the dip between 9:30 and 11:06 below a 1.5M MCAP, because the tokens have been upscaled as if you bought at 1.5M MCAP
This was the fairest way to do the airdrop. Our team has worked really hard to make the airdrop possible, let’s be grateful that we have such a trustworthy dev.
Our concluding thoughts
Unfortunately, the airdrop has been a double-edged sword. Those who did not believe in our project strongly enough sold their aidropped tokens, which is why we have seen a few dips in our new graph. However, it also means that we have gotten rid of our paperhands and our project is ready for incredible growth. Let’s remember that our MCAP in v1 before the migration was 4M and we are now at 4.7M in our V2. All of us holding right now are here for the long term, we believe in this project and we want to see it through. Our marketing campaign is on the way and we are putting to great use the 100+ BNB in our marketing wallet.
Join us in our jouney to revolutionise BSC, you will not regret it.
Contract: 0x1717Cc260bACB7841B37Fed8d06846101b31e5C8
