Simply enter your email below and we will send you the necessary information to join RocketPool. Basically we use a Telegram channel to discuss and present our pool projects. If you arent familar with Telegram its a great free chat app used extensively in the blockchain space to connect like minded crypto enthusiasts across a range of projects. The RocketPool channel is specifically positioned to discuss RocketPool related pools and projects. Its easy to join and use and its free! More info in the welcome email.

We use a combination of our research and community involvement. We are absorbed in the blockchain space 24 – 7 and as such are generally aware of most exciting new projects, which we will rank internally across a range of criteria. Such as

Does the project solve an indentifiable problem?
Are there solid use cases?
Potential market
Token economics
Red Flags?
Lockins / Bonuses
Institutional Interest
Time to sale / deploy
In depth review
Negotiation
Contribution required

With so many promising ICOs constantly appearing its important to harness the collective knowledge of the RocketPool community in deciding which projects to approach and pool for.

We will gauge interest on each project and then approach those our community shows a desire to be involved with. As the space gets more crowded many projects are only accepting pre-ico sales from strategic partnerships but we will always try our level best to get an allocation for RocketPool members.

Primablock charges a 0.5% fee for use of the Primablock service which we think is more than fair. There is an additional RocketPool fee of between 2% and 10% per pool to go toward covering our time and effort and costs providing the service and attaining the presale bonuses. We think this is fair also given the legwork required and the private access and bonuses on offer.

For example, if the pool fee is 5% and you contribute $1000 or the equivalent in ETH then $55 of this goes to Primablock and RocketPool fees. The remaining $945 will be converted to project tokens on token generation along with any bonuses we’ve managed to negotiate on your behalf.

In the interest of full disclosure, in time we hope to remove the RocketPool fee and be rewarded by additional tokens from the project we are pooling for. Similar to a referral commission. So we are aiming on providing a free service to RocketPool members in the near future but for now the fees are as above –  between 2% and 10% depending on the project.

If you feel this is too high or don’t want to pay fees for this service, no problem, you can wait for the public crowd sale or approach the projects directly yourself, of course you will generally need a higher minimum investment to get the same bonuses. This is the whole point of the pool!

Also, if you are interested in contributing a larger amount like >50ETH, reach out to us on Telegram about a reduction in fees for larger contributions.

We use PrimaBlock to handle the pool mechanics. The well regarded blockchain service for Ethereum pooling. Essentially its a group wallet where people send deposits and once the pool target is hit we send it on to the main project wallet, all necessary links will be fully disclosed like the actual sending of the ETH to the project wallet so you can check things are happening as they should.

Upon token generation (usually after crowd sale ICO is completed) the resulting tokens are sent directly to the main pool wallet on Primablock and smart contracts handle the distribution of tokens to the people who contributed, according to their particular level of contribution.

Full details of token release and distribution will be outlined for each project we are pooling for. More questions? Reach out to an admin on the RocketPool Telegram group.

For more info on PrimaBlock see their FAQ

Glad you asked,  because we are completely up front in saying the pooling software we use, Primablock, is currently not a trustless system (they are working on this and we will implement as soon as its ready). For now a designated contact has to administrate the pool and that will always be one of our trusted admins.

While they *could* take off with the tokens delivered by the ICO (not your ETH thats locked in the Primablock smart contract) rather than glossing over this like some other pools, we are being very upfront and saying there is definitely trust involved in being a part of RocketPool.

We want to grow the RocketPool community and all prosper by our collective buying power. With a small reasonable fee for each pooled project, it should eb clear its in our interest to grow the pool and its investments and be compensated that way. Far more upside to running a successful pool, rather than acting fraudulently to start off.

Even so, we understand some people may be hesitant. Its human nature, especially in this unregulated space. What we can suggest is join and jump on our Telegram channel, talk to some of our members, or message an admin, and ask any questions you may have.

We are real people, with real hopes and dreams about blockchain and Distributed Ledger Technology (DLT) and how it will improve our world. How the projects we are pooling for will create a more meritocratic society, and remove the middlemen and agents who bring nothing to the transaction. The time for change is well overdue.

Importantly, by being early stage investors in these exciting projects, RocketPool aims to improve all our members’ personal wealth along the way 🙂

So while we are a new pool we aim to be as transparent and honest in our dealings as we can while still maintaining some anonymity which I’m sure you will agree is required in this space.

In short, we set up RocketPool to connect with like minded early adopters, smart people collaborating in an exciting new technology, and allow smaller investors a chance to learn more about upcoming shortlisted projects and get in pre-ico deals. Not do a runner!

Some will be more trusting than others, so at the end of the day all we can really say here is if you are still not sure, perhaps join and follow the Telegram channel and follow us as we grow. Jump in when there is a project you believe in and you feel confident about our service.

Let’s learn and earn together 🙂 This is just the beginning…