After declining rapidly over the past few days, the cryptocurrency recovered on Thursday morning. The major cryptocurrencies recorded a significant surge in their prices over the previous day.
As of writing, the global crypto market cap had gained 4.6 per cent in the last 24 hours to reach US$ 1.8 trillion. Meanwhile, the total crypto market volume catapulted over 40 per cent to US$ 101.32 billion.
Amid the recovering market, it appeared that crypto traders were looking for RocketFuel crypto. Let’s find out if any such cryptocurrency exists.
What is RocketFuel crypto?
RocketFuel crypto doesn’t exist now and is expected to launch sometime around this year. RocketFuel Blockchain, Inc. is a crypto payment solutions provider and last year it announced that it would launch the RocketFuel crypto through an Initial Exchange Offering (IEO).
The date for the IEO is not certain, but it could happen sometime around this year via a leading cryptocurrency exchange. Last year, RocketFuel said that it was looking to raise US$ 15 million through the launch of RocketFuel crypto.
If the token is launched, it will be used for a token-based loyalty program. RocektFuel aims to reward shoppers through this token when they use virtual currencies to make payments.
Also Read: ANKR crypto price is down and volume is up 18%. What’s next for Ankr?
RocketFuel crypto will allow the blockchain platform’s customers to unlock, redeem, and purchase tickets for sports events and concerts, among other things.
In addition, the blockchain platform claims that users will earn tokens if they use RocketFuel to make purchases on the payment ecosystem.
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Bottom line
According to its official website, RocketFuel allows its customers a one-click checkout process that accepts payments with Bitcoin and more than 120 cryptocurrencies along with bank transfers.
On March 16, 2022, RocketFuel announced that it had integrated its…
