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The issuance price and total issuance of RPL coins are understood in one article
The issuance price of RPL was initially set at $1.20 USD during its ICO in 2017, and the total issuance of RPL coins is capped at 18,000,000 tokens, ensuring the stability of the Rocket Pool network.
Oct 05, 2024 at 02:42 am
Understanding the Issuance Price and Total Issuance of RPL Coins
1. RPL Coin Overview
RPL is the native token of the Rocket Pool decentralized blockchain network. It plays a crucial role in operating and rewarding nodes on Rocket Pool, which supports staking and earning rewards on Ethereum.
2. Issuance Price of RPL
The issuance price of RPL was determined during its initial coin offering (ICO) in 2017. The ICO price of RPL was set at $1.20 USD.
3. Total Issuance of RPL
The total issuance of RPL coins is 18,000,000. This amount was predetermined and hard-coded into the Rocket Pool network.
4. Token Distribution
The total issuance of RPL coins was distributed as follows:
- 70% (12,600,000 RPL): ICO sale
- 15% (2,700,000 RPL): Team and advisors
- 10% (1,800,000 RPL): Network operations
- 5% (900,000 RPL): Ecosystem fund
5. Note:
The issuance price and total issuance of RPL coins are fixed and cannot be modified after the initial launch. These parameters are critical for ensuring the integrity and stability of the Rocket Pool network.
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