👍 What is RPL token? Coinbase Staking Group Invests in Rocket Pool
🚫Rocket Pool is a decentralized ETH proof-of-stake protocol, designed to be community-owned, trustless, and compatible with staking in Ethereum.
⭐️Rocket Pool caters to two main groups of users: those who want to participate in staking tokenized in rETH with a minimum amount of 0.01 ETH and those who want to stake ETH, running a node in the network to generate higher ROI than staking outside the protocol thanks to attractive commission fees.
⏳On September 9, Binance Futures announced the launch of RPLUSDT Perpetual Contracts with up to 75x leverage, driving the token price higher.
❗️RPL Token Information
↗️Token Name: Rocket Pool
↗️Symbol: RPL
↗️Blockchain: Ethereum
↗️Total Supply: 20,706,749 RPL
↗️Circulating Supply: 20,706,749 RPL
📣Allocation
✅Project Team: 15%
✅Pre-sale: 54%
✅ICO: 31%
📊 Mechanism and Role of rETH
💰Rocket Pool ETH (rETH) is the protocol's liquidity staking token. The rETH token represents an amount of ETH that is being staked and earning rewards in Ethereum Proof-of-Stake.
⚠️ Essentially, Rocket Pool offers anyone the opportunity to participate in ETH2 staking, regardless of investment capital or technological level. The project enables ETH staking without relying on a decentralized node network that is autonomously operated and backed by collateral from RPL.
🏅When depositing ETH into Rocket Pool, users receive Rocket Pool's liquidity staking token rETH, which represents the corresponding claim on ETH in Rocket Pool. The project applies a 0.05% fee when converting ETH to rETH tokens. The conversion rate is calculated according to the corresponding claim on ETH on the protocol.
