What is RPL coin?

RPL is an ERC-20 token that represents the protocol’s primary cryptocurrency. Users who wish to increase the security of their project can stake it on Rocket Pool nodes. However, it is not a prerequisite for running the node.

Rocket Pool users who use RPL with at least one mini-pool validator will be rewarded with additional commissions based on the size of their deposit. But if a user fails to fulfill their node duties and ends up with less than 32 ETH due to slashing, their RPL deposit will be destroyed in proportion to the ETH loss suffered.

The fixed supply of RPL is 18 million, subject to an annual inflation rate of 5%, and is currently distributed as follows: 70% is used for node operators who pledge RPL. 15% goes to oDAO members for data oracles. 15% goes to pDAO Treasury. The distribution of RPL tokens took place primarily between the pre-sale held on September 22, 2017, and the crowdsale held in January 2018. #rpl$RPL