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ROOG Token Exchange Instructions

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Written by Roogoo
Updated over 4 months ago

ROOG Token Introduction

Roogoo Coin (ROOG) is an incentive utility token issued by the Roogoo platform on the Solana blockchain. It is an essential component of the Roogoo platform. Main uses:

  1. Ecosystem Rewards: ROOG token holders can enjoy token airdrops from ecosystem partners, staking rewards, and application privileges.

  2. Enhanced Mining Rewards: ROOG token holders can enjoy higher APY through locking and staking, and can also receive stablecoin (such as USDT) cash returns.

  3. Platform Privileges: ROOG tokens can be used to pay or reduce transaction fees, stake to obtain platform permissions, and enjoy more platform privileges.

  4. Dividends & Buybacks: Holding or locking ROOG tokens can earn quarterly dividends of no less than 8% APY in ROOG. Additionally, approximately 2% of liquidity will be bought back from the market and burned each quarter, with buyback prices not lower than the issuance price.

ROOG Token Exchange Instructions

  1. The exchange activity deadline will be announced separately based on exchange conditions. Please pay attention to platform announcements and notifications.

  2. Exchanged ROOG will be locked. 1% of the locked amount will be unlocked daily until the locked amount is less than 100 ROOG, at which point all remaining tokens will be unlocked.

  3. Locked ROOG can be used for staking to earn corresponding rewards and offset platform-related fees.

  4. First-time exchange immediately qualifies for points airdrops and grants 100 points. Each 1 USDT exchanged earns 10 points. Meanwhile, referrers will receive points referral commissions:

    • Direct referral friends participating in exchange: 20% points commission

    • Indirect referral friends participating in exchange: 10% points commission

  5. For each valid referral (card opening, staking, ROOG exchange), the exchange quota increases by 10,000 ROOG. Meanwhile, referrers will receive USDT referral commissions:

    • Direct referral friends participating in exchange: 2% USDT commission

    • Indirect referral friends participating in exchange: 1% USDT commission

  6. During the exchange period, the price increases by 1% daily.

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