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Rocket-pool

RPL

Rocket Pool

RPL

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₹777.03

LIVE

24H Low ₹767.30

24H High ₹838.98

Price of RPL today

The current live price of RPL today is ₹777.03, with a 24-hour trading volume of ₹89,32,39,620.81. Our RPL to INR price is updated in real-time. RPL has seen a decrease of -5.55% in the last 24 hours. With a live market cap of ₹16,23,34,67,956.71 , the circulating supply is at 20,831,680 RPL coins, with a maximum supply of 20,831,680RPL coins.

Rocket Pool Price History

Date ComparisonAmount Change% Change
Today-₹46.91

5.69%

7 Days-₹185.85

19.3%

30 Days-₹125.67

13.84%

1 Year-₹1,478.84

65.25%

Rocket Pool Price Information

Price Change (1hr)

5.58%

Price Change (24hr)

5.69%

Price Change (7d)

19.3%

Rocket Pool Market Stats

Market Cap

₹16,23,34,67,956.71

Fully Diluted Market Cap

₹16,23,34,67,956.71

24hr Volume

₹89,32,39,620.81

129.99%

Circulating Supply

20831680.04 RPL

Total Supply

20831680.04 RPL

Things to know about Rocket Pool

What is the token?

Rocket Pool (RPL) is a decentralized Ethereum staking pool that offers liquid staking solutions for the Ethereum ecosystem. It allows users to participate in Ethereum’s proof-of-stake consensus mechanism by either joining the Rocket Pool with its decentralized node operator network or running their nodes with a minimum of 16 ETH. Participants can earn commissions from staking ETH and additional RPL rewards for providing RPL collateral. Rocket Pool emphasizes non-custodial staking, decentralization, and security through its open-source and audited smart contracts. It provides a liquid staking mechanism where users benefit from an increasing exchange rate rather than direct additions to their staked collateral.

Tokenomics

  • Total Supply

  • : The circulating and total supply of RPL tokens is 20,141,647, with no maximum supply defined.

  • Initial Allocation and Purpose

  • : RPL serves as the primary protocol token for governance and can be staked in the protocol. It is collateral to insure or bond node operators against poor performance or bad behaviour. The more RPL is risked as insurance, the more RPL rewards the node operator receives.

  • Utility

  • : RPL is used for creating mini pool validators within the protocol, requiring a minimum of 10% of the ETH’s value provided by rETH stakes to be staked in RPL as a security promise.

Market Data

As of today #{today’s date}, the price of Rocket Pool is ₹777.03 INR or 8.78 USD, with a 24-hour trading volume of 10093103.06 USD. The market capitalization for Rocket Pool is 183429016.46USD. The circulating supply is 20831680.04 Rocket Pool, with the total supply also being 20831680.04 Rocket Pool.

Token Pros and Cons

:

  • Decentralization

  • : Rocket Pool’s emphasis on decentralization enhances security and trustlessness in staking.

  • Liquid Staking

  • : Offers liquid staking, allowing users to benefit from staking rewards without locking their assets.

  • Incentivized Participation

  • : Node operators are incentivized with RPL rewards for providing collateral, encouraging active participation.

  • Accessibility

  • : Low entry barrier for staking with a minimum of 0.01 ETH, making it accessible to a broader audience.

  • Community and Governance

  • : RPL holders can participate in governance decisions, fostering a community-driven development approach.

:

  • Complexity

  • : The system’s complexity might be a barrier for new users unfamiliar with staking and governance mechanisms.

  • Market Volatility

  • : RPL’s value is subject to crypto market volatility, affecting rewards and collateral value.

  • Regulatory Risks

  • : As with all crypto assets, potential regulatory changes could impact Rocket Pool’s operations.

  • Technical Risks

  • : Despite audits, intelligent contracts always carry a risk of undiscovered vulnerabilities.

  • Competition

  • : Faces competition from other staking solutions and liquid staking protocols, which could affect its market share.

Why Should You Invest in the Coin

  • Innovative Staking Solution

  • : Rocket Pool’s unique approach to decentralized and liquid staking positions it as a pioneer in the staking space.

  • Strong Community and Governance

  • : A robust community and governance model ensures the platform evolves in line with its users’ interests.

  • Potential for Appreciation

  • : As Ethereum’s ecosystem grows, the demand for staking solutions like Rocket Pool could increase, potentially leading to appreciation in RPL’s value.

  • Rewards for Participation

  • : The protocol rewards ETH stakes and node operators, offering multiple avenues for earning.

  • Security and Decentralization

  • : Commitment to security, decentralization, and non-custodial staking enhances trust in the platform

USP of the Coin

  • Decentralized Node Operator Network

  • : Allows a more secure and decentralized staking process than centralized alternatives.

  • Liquid Staking

  • : Provides users with liquidity for their staked assets, a significant advantage over traditional staking mechanisms.

  • Community Governance

  • : RPL holders have a say in the protocol’s governance, ensuring alignment with the community’s interests.

Problem the Coin is Solving

Rocket Pool addresses the high entry barrier and lack of liquidity in traditional staking mechanisms by offering decentralized, liquid staking solutions that allow for lower minimum staking amounts and immediate liquidity through rETH tokens.

Founder and Team Background

Rocket Pool was founded by David Rugendyke, a senior developer with over 18 years of commercial experience and a computer science background. The project has grown from its inception in late 2016 to a vibrant community and a dedicated team working alongside thousands of supporters.

ICO Price

The Rocket Pool ICO began on November 25, 2017, and concluded on January 7, 2018. The price of RPL during the ICO was $0.9317 and raised $5.47 Million.

Risks Associated in Investing in the Coin

  • Market Volatility

  • : The value of RPL, like all cryptocurrencies, is subject to high market volatility.

  • Regulatory Uncertainty

  • : Changes in cryptocurrency regulations could impact Rocket Pool’s operations and token value.

  • Technical Risks

  • : Potential vulnerabilities in intelligent contracts could pose risks to investors.

  • Competition

  • : The growing staking and liquid staking market means Rocket Pool faces stiff competition, which could affect its adoption and token value.

  • Complexity and Usability

  • : The platform’s complexity may deter less experienced users, potentially limiting its user base.

Whitepaper Insights

The Rocket Pool whitepaper outlines the platform’s mission to democratize access to Ethereum staking by providing a decentralized, liquid staking solution. It addresses the challenges of traditional staking mechanisms, such as high entry barriers and the lack of liquidity for staked assets. Rocket Pool introduces a novel approach by allowing users to participate in Ethereum’s staking with as little as 0.01 ETH, offering them liquid staking tokens (rETH) representing their staked ETH and accrued rewards.

The whitepaper details the technical architecture of Rocket Pool, including its smart contracts, decentralized node operator network, and governance model. It emphasizes the importance of security, decentralization, and community governance in achieving a trustless staking ecosystem. The platform uses RPL tokens as collateral for node operators, ensuring accountability and incentivizing participation with RPL rewards. This mechanism secures the network and aligns the interests of node operators with those of the protocol and its users.

Furthermore, the whitepaper discusses the economic model of Rocket Pool, including the tokenomics of RPL, the distribution of staking rewards, and the governance mechanisms that allow RPL holders to participate in decision-making processes. It highlights the platform’s commitment to non-custodial staking, ensuring users retain control over their assets while benefiting from the rewards.

In conclusion, the Rocket Pool whitepaper presents a comprehensive solution to the limitations of traditional staking, offering a decentralized, liquid, and community-governed staking platform that lowers the entry barrier for Ethereum staking and provides liquidity for staked assets. Rocket Pool aims to contribute to the broader Ethereum ecosystem’s growth and decentralization through its innovative use of technology and governance.

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What is the price of Rocket Pool (RPL)?

The current price of Rocket Pool (RPL) in INR is ₹777.03 INR.

What is the current RPL market cap?

The current market capitalization of Rocket Pool (RPL) is ₹16,23,34,67,956.71 INR. This value represents the total market value of all coins in circulation, calculated by multiplying the current price of RPL by the number of coins in circulation.

What is the current supply of Rocket Pool (RPL)?

The current supply of Rocket Pool (RPL) is 20831680.04 RPL. This figure represents the total number of coins that have been mined and are currently in circulation.

What is the 24 trading volume of Rocket Pool (RPL)?

The 24-hour trading volume of Rocket Pool (RPL) in INR is ₹89,32,39,620.81. This figure represents the total value of all RPL transactions across various exchanges within the last 24 hours.

How to Buy Rocket Pool (RPL) in India?

To buy Rocket Pool (RPL) via Mudrex, simply sign up and create an account on their platform. Proceed by completing the KYC process to verify your identity. Once verified, deposit funds into your account using the available methods. With your account funded, you're all set to start investing in RPL.

Can I buy Rocket Pool (RPL) with UPI?

Yes, you can buy Rocket Pool (RPL) with UPI on Mudrex, which accepts payments through popular UPI apps like Paytm, PhonePe, and Google Pay, offering a convenient and quick way to invest.

How to Convert Rocket Pool (RPL) to Indian Rupee (INR)?

To convert Rocket Pool (RPL) to Indian Rupee (INR), you can use our RPL/INR conversion rates in real time.

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