CumRocket

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Discover CumRocket's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is CumRocket?

CumRocket (CUMMIES) is a deflationary token operating on the Binance Smart Chain. It is designed for use on adult content platforms, including an 18+ NFT marketplace and private NSFW content subscription feeds. The token has a 5% tax on transactions, with 2.5% burned and 2.5% redistributed. CumRocket aims to provide a novel platform for creators and users, offering benefits such as no chargebacks, instant payments, and lower transaction fees.

How is CumRocket used?

CumRocket (CUMMIES) is a cryptocurrency designed for use on a blockchain-based adult content platform. It allows users to engage in various activities such as chatting, texting, sexting, and exchanging content while rewarding content creators. The platform focuses on authenticity, ensuring that users interact with real creators rather than agencies or AI chatbots. Additionally, users can enjoy discounted fees on purchases within the application based on their CUMMIES holdings.

How do I store CumRocket?

To store CumRocket (CUMMIES) tokens, you can use a reliable crypto wallet that supports the blockchain where CumRocket operates. Here are the steps to follow:

  1. Choose a Wallet: Select a trusted wallet that supports CumRocket, such as Trust Wallet or Atomic Wallet. These wallets are available for both desktop and mobile devices.

  2. Download and Set Up: Download the wallet from the official website and set it up by following the wallet's support page instructions. Make sure to keep your seed phrase safe and note your wallet address.

  3. Transfer CUMMIES: Once your wallet is set up, you can transfer your CumRocket tokens to your wallet address. Ensure you use the correct network (e.g., BNB Chain) and provide the correct wallet address to avoid any errors.

By following these steps, you can securely store your CumRocket tokens in a wallet that supports the blockchain where CumRocket operates.

How to buy CumRocket?

To buy CumRocket (CUMMIES) tokens, follow these steps:

  1. Choose an Exchange: Select a reliable cryptocurrency exchange that supports CumRocket trading. Consider factors such as fees, security, and user reviews. You can use exchanges like PancakeSwap or CumSwap, which are specifically designed for the Binance Smart Chain.

  2. Create an Account: Register on the chosen exchange's website or mobile app, providing personal information and identity verification documents.

  3. Fund Your Account: Transfer funds to your exchange account using supported payment methods like bank transfer, credit card, or debit card.

  1. Navigate to the CumRocket Market: Search for "CumRocket" (CUMMIES) in the exchange's marketplace.

  2. Choose a Transaction Amount: Enter the desired amount of CumRocket you wish to purchase.

  3. Confirm Purchase: Preview the transaction details and confirm your purchase by clicking the "Buy CUMMIES" or equivalent button.

  1. Complete Transaction: Your CumRocket purchase will be processed and deposited into your exchange wallet within minutes.

  2. Transfer to a Hardware Wallet: For security reasons, it is recommended to transfer your CumRocket tokens to a hardware wallet like Ledger or Trezor.

Additionally, you can use decentralized exchanges (DEXs) like PancakeSwap, which support the Binance Smart Chain. To do this, you will need to set up a crypto wallet like Trust Wallet, buy BNB tokens, and then swap them for CumRocket tokens.

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History of CumRocket

CumRocket (CUMMIES) is a deflationary token designed for use on adult content platforms, particularly for tipping and messaging content creators. It also supports an 18+ NFT marketplace and a private NSFW content subscription feed. The token has a 5% tax on every transaction, with 2.5% being burned and 2.5% redistributed.

CumRocket was founded by Lydia Lane, who is also the CEO of the project. The team includes Evermoon as the Head of Outreach and Kieran Rosevear as the Head of Support & Quality Assurance.

The token's price has experienced significant fluctuations. Its all-time high was recorded on May 5, 2021, and its all-time low was recorded on September 20, 2023. CumRocket has a circulating supply of 1.3 billion tokens and is traded on various exchanges, including Pancakeswap V1, Gate.io, and Pancakeswap V3.

The project aims to provide a unique experience for users by focusing on authenticity and allowing them to build meaningful connections with creators. It differentiates itself from other platforms like OnlyFans by ensuring that creators' accounts are managed by the creators themselves, rather than agencies or AI chatbots.

CumRocket's market capitalization and fully diluted valuation are both significant, indicating its potential for growth and adoption. Despite experiencing price declines in the short term, the project continues to evolve and attract users interested in its unique features and use cases.

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How CumRocket works

CumRocket (CUMMIES) is a cryptocurrency designed specifically for use on not-safe-for-work (NSFW) websites and markets. It aims to transform the adult content sector by creating a secure environment for communication and entertainment. Here's how it works:

Blockchain and Consensus

CumRocket runs on the Binance Smart Chain, utilizing the proof-of-stake (PoS) consensus process. This means that node validators are chosen based on the amount of coins staked and the length of time they have been held. Unlike the proof-of-work (PoW) consensus used by Bitcoin, PoS does not require large amounts of computational power and electricity.

Tokenomics

The CUMMIES token is a utility token, not intended as an investment with expectations of financial return. It is used as a tipping currency on NSFW platforms, promoting more transactions. Each transaction reallocates 2.5% among holders and burns 2.5% of the supply, ensuring the supply is constantly decreasing.

Ecosystem

CumRocket seeks to decentralize the adult content market, allowing both creators and viewers to share and enjoy content while recognizing and rewarding notable artists. The platform plans to build an entire ecosystem of services for customers, leveraging blockchain technology and NFTs for authentication.

Trading and Investment

CumRocket can be bought and traded on various exchanges, including centralized exchanges (CEX) and decentralized exchanges (DEX). Users can purchase CUMMIES directly through a crypto wallet or by first buying a popular cryptocurrency like USDT and then exchanging it for CUMMIES. The token's price can be monitored and traded using automated bot trading and other tools.

Overall, CumRocket is a unique cryptocurrency project focused on transforming the adult content industry by providing a secure and liberating environment for communication and entertainment.

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CumRocket's strengths

CumRocket (CUMMIES) has several strengths that make it a unique and promising cryptocurrency:

  1. Decentralized NSFW Content Platform: CumRocket is the first 18+ NFT marketplace in the world, offering a secure environment for creators and users to share and enjoy adult content. This platform aims to liberalize the NSFW content sector by introducing the CUMMIES token, allowing both authors and users to profit from a secure environment for communication and amusement.

  2. Deflationary Token: The CUMMIES token is deflationary, meaning that 2.5% of each transaction is burned, reducing the supply over time. This mechanism can lead to increased demand and potentially higher prices.

  3. Low Transaction Costs: CumRocket operates on the Binance Smart Chain, which means there are essentially no gas costs and fast exchanges. This makes transactions more efficient and cost-effective for users.

  1. Strong Community: CumRocket has a participatory and open team that engages with investors and the community. This transparency and involvement can foster trust and support among stakeholders.

  2. Growing Market Potential: CumRocket seeks to transform the multibillion-dollar pornography industry by decentralizing it and making it profitable for both creators and viewers. This large market potential offers significant room for growth and adoption.

  3. Diverse Use Cases: The CUMMIES token is used for tipping, messaging, and buying NFTs from content creators within the CumRocket platform. This variety of use cases can increase the token's utility and value.

These strengths position CumRocket as a groundbreaking project in the adult content sector, offering a unique combination of decentralized technology, deflationary tokenomics, and community engagement.

CumRocket's risks

CumRocket (CUMMIES) carries financial risks associated with investing in cryptocurrencies. Each investment in CumRocket involves the risk of losing some or all of the investment, as the cryptocurrency market is known for its volatility and price fluctuations.

The risk score of CumRocket is influenced by factors such as price movement and volume. Recent price volatility can lead to a high risk score, indicating that the token is more susceptible to manipulation. Additionally, the token's market capitalization and trading volume can impact its overall risk profile.

While CumRocket's deflationary nature and community-driven project may attract investors, it is crucial to understand that the cryptocurrency market is inherently risky. It is essential to perform thorough research and consider personal investment goals before investing in CumRocket or any other cryptocurrency.

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Did CumRocket raise funds?

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CumRocket’s team

  • Thomas: Chief Operating Officer (COO) of CumRocket, with over seven years of experience in business and personnel management.

Whalee AI

The fundamental analysis assistant for crypto value investors.

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