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What is RPL coin? Introduction to the issue price, total amount and white paper of RPL coins
Rocket Pool's native cryptocurrency, RPL, debuted at $0.50 during its public sale in October 2020, with a maximum supply of 18,000,000 coins.
Sep 30, 2024 at 10:30 am
What is RPL Coin: Exploring the Issue Price, Total Supply, and Whitepaper
1. Definition of RPL Coin
RPL (Rocket Pool) is a native cryptocurrency within the Rocket Pool platform. It is used to facilitate network operations, staking, and governance of the decentralized Ethereum staking protocol.
2. Issue Price
The initial issue price (IEO) of RPL was set at $0.50 USD during the public sale that took place on October 22, 2020.
3. Total Supply
The total supply of RPL coins is 18,000,000.
4. Whitepaper
The Rocket Pool whitepaper was published in January 2020 and outlines the vision, architecture, and implementation details of the platform. It provides a comprehensive overview of the following aspects:
- Overview of the Ethereum staking landscape
- Introduction of the Rocket Pool protocol and key components
- Technical implementation details of the staking infrastructure
- Economic model of RPL issuance and incentives
- Governance and community participation
- Roadmap for future development
5. Key Points from the Whitepaper
- Rocket Pool aimed to provide a non-custodial staking solution, giving users full control over their ETH and rewards.
- The RPL token is essential for securing the network, providing staking rewards, and participating in governance.
- The platform introduced the concept of node operators, who run staking nodes and earn rewards proportional to their RPL stake.
- The protocol featured an advanced risk management system to mitigate potential vulnerabilities and protect user funds.
Conclusion
RPL coin is an integral part of the Rocket Pool platform, facilitating various network functions and rewarding participants for contributing to the security and operability of the Ethereum staking ecosystem. The whitepaper provides a detailed explanation of the project's vision, technical implementation, and governance structure.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
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