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.