Can RPL coins be held for a long time? What about RPL coins?

The full English name of RPL coin is Rocket Pool. In fact, Rocket Pool is an infrastructure service based on Ethereum’s PoS mechanism. All individuals and organizations who want to obtain Ethereum interest through regular pledges can directly use Rocket Pool. Decentralized nodes run the network to participate in staking the project. As the token of the project, RPL coin’s staking proceeds can be used almost anywhere.

The latest price of RPL coins

＄28.22 ≈ ¥202.96

How about RPL coins?

Rocket Pool (RPL coin) is an Ethereum PoS infrastructure service. All individuals and organizations who want to earn Ethereum interest through regular staking can participate in staking by using Rocket Pool’s decentralized and node-operated network.

①The RPL coin project announced positive news, which caused the price to rise.

② Some large digital currency investors and small bookmakers conducted price increases after raising funds.

③The hype of related concepts has aroused the pursuit of investors, and more people are chasing the rise.

④ More and more users are entering the field of cryptocurrency investment. The rise of Bitcoin has led to a general rise in the entire cryptocurrency market.

⑤The financial market is in a bull market, which is a very important reason. The overall trend of the bull market is upward. Although there is a decline, it is higher with each wave.

In general, the skyrocketing RPL currency is like occupying the "time, location, and people". However, the price of RPL currency fluctuates greatly, and investment has great risks. Chasing the rise of RPL currency may be risky. Risk of getting stuck.

Can RPL coins be held for a long time?

RPL is the basic service surrounding the ETH2.0 PoS pledge business. It is a staking network that allows individuals and institutions to more easily participate in ETH2.0 staking services. Users only need to deposit ETH to earn staking income without running the node themselves. In addition, wallets, exchanges or dApps can also integrate RPL to provide staking services for their users.

When a user deposits his ETH into the RPL smart contract, the user will get the corresponding rETH. rETH represents the user's ETH pledge interest stored in the RPL network and can earn pledge income. In RPL, users do not need to deposit 32 ETH. The specific amount is not limited, and it does not need to be a multiple of 32. The minimum acceptable deposit is 0.01 ETH. According to today’s ETH price, it is about less than 5 US dollars. This capital participation threshold is relatively 15,000 US dollars. It's much lower.

At the same time, and more importantly, with rETH, it is possible to have liquidity. Because users can freely choose how to handle rETH, they can hold it, trade it, or even participate in DeFi activities such as lending or mining through DeFi projects. And if a node deposits its ETH into the Ethereum storage contract, this part of the ETH cannot be transferred or withdrawn temporarily.

The value of RPL depends on the scale of the RPL pledge business. If users deposit enough ETH for pledge, then the income of RPL pledgers will increase and more node operators will be encouraged to join the service. In order to obtain more benefits, nodes will also pledge RPL, thus generating demand for RPL.

However, it should be noted that in the design so far, RPL has not captured the value of commission, which is not conducive to the increase in the value of RPL. If RPL wants to further increase its value, a portion of the RPL pledge commission needs to be given to RPL token holders. From this perspective, there is still room for iteration in the design of the RPL token economy.

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