🏆What is ROOCH token? Rooch Network Bitcoin Asset Launcher
📊Rooch Network is the application layer for the Bitcoin ecosystem, built on layer 2 Stackable. The project serves as a launchpad for Bitcoin assets as well as Bitcoin application infrastructure for users and developers.
📍ROOCH token is known as the project's official asset, used in incentive campaigns and ecosystem funding. However, at the present time, detailed token information has not been announced.
💸The project is implementing a testnet program for users to get acquainted and interact with the applications. During the event, Rooch Network introduced two tokens Rooch Gas Coin (RCC) - and BTC Holder Coin (HDC).
➖Participants can mint HDC - testnet token supported by Rooch's self-staking mining mechanism - as accumulated assets. RCC is used to pay gas fees.
💯Project development stages:
☑️Seeding: Completing the technical solution design and establishing a team.
🆙Sprouting: Released the first preview version of the Rooch VApp container, providing basic tools, providing some sample applications.
💥Rooting: Launch Rooch PreMainnet and upgrade to mainnet, explore application development models based on Bitcoin's native assets without bridges.
📣Branching: Deploying application networks based on DSTP. Research and support VApps that connect to the Bitcoin ecosystem, collaborate with ecosystem partners, deploy DSTP-based state channel applications, and explore incentive models on the P2P network.
