What is the issue price of RPL coins? Introduction to the issue price and issue quantity of RPL coins

Rocketpool's initial coin offering (ICO) in 2018 issued 1 billion RPL coins at a price of $0.10 USD per RPL.

Oct 07, 2024 at 05:17 pm

Understanding RPL Coin Issuance: Issue Price and Quantity

1. Issue Price

The issue price of RPL coins refers to the initial price at which they were sold during their initial coin offering (ICO). RPL coins were first offered on August 29, 2018, at an issue price of $0.10 USD per RPL.

2. Issue Quantity

During the ICO, a total of 1 billion RPL coins were issued, representing the initial circulating supply. Out of this total quantity:

• 52.5% (525 million RPL) were allocated for the public offering.
• 20% (200 million RPL) were allocated to the Rocketpool team.
• 14.5% (145 million RPL) were allocated to advisors and early investors.
• 13% (130 million RPL) were allocated to ecosystem development.

Additional Information

• ICO Duration: The ICO lasted for two weeks, from August 29 to September 12, 2018.
• Fundraising: The ICO raised a total of $105 million USD.
• Token Distribution: RPL coins were distributed to participants proportionally based on the amount of ETH contributed during the ICO.

Conclusion

The issue price of RPL coins was $0.10 USD per RPL, and a total of 1 billion RPL coins were issued during the ICO. The funds raised from the ICO were used to finance the development and launch of the Rocketpool protocol.