Rocketpool

The problem is that RPL was essentially just an ICO coin used to raise funds for the dev team. Now that that purpose has been fulfilled, there is no need for the token. Any attempt to siphon money out of the system to RPL holders will just make the system less able to compete with competitors that aren't burdened by having to prop up a useless token.

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see you at 10 USD my friend
maybe then I will consider unloading part of my bags on your sorry face

The recent tokenomics changes are so bad for token holders. Basically this thing is nothing more than a payment token like RPL but it can only be used to pay RPL node operators.

This coin is a safe one to ignore and never look back at.

Answer and respond to please.

He is kinda right. The RPL Token now is only a Bonus-Token, but there is no more need for RPL to stake ETH. So basically, it's lost it's usecase. Good job Rocketpool. I made my gainz but this is lost to fall way much deeper.

He can't. this token is literally a payment token. it's just an erc20 version of xrp used for payments just like ubt.

I'm not even mad about it i'm glad some people got their tendies on this pump but it's all downhill for RPL from here. Nobody is even interested in the product whatsoever.

I guarantee that this is the most expensive that RPL will ever be again.

sell me your bags senpai

Will pump madly during ETH 2.0/staking hype alone as people won't understand all the ins and outs, but for now you might be right.

I'm just here to FUD people out of their bags, because they don't understand the deeper meaning of the new Tokenomics >:D DUMP IT FOOLZ, DUMPT IT FAGGOTS GIVE IT TO ME BABY UHUUU UHUU

You retards realize that RPL holders receive a portion of network fees similar to LP, right? The new changes are much more flexible in regards to staking requirements, duration, and minimum capital requirements. Let’s look at the big picture here frens.

This is not true. There's literally no reason for the token to appreciate.

I sold when vitalik tweeted that eth staking is not coming out in july. Too risky. Good luck to the holders.

The maths say RPL is at least 6-7x overvalued, with the new tokenomics.

Phase 0 isn't coming this year

never coming*

It's still on target for Q3, retard.

They basically implemented the same mechanic that LP has, with allowing token holders to get a share of the network. Anons, why do you fud so?

Explain more of the big picture?

its actually 10x overvalued at this point with the new token changes
they've made a TON of good changes, like the indefinite staking/tokenized interest/etc but the token is absolutely worthless.

We can still moon from this right?

oh no no no no no

Sooooooo is this just going to crash now ????

yes

This ones going straight to the dirt for sure. The devs just killed their own token. It can't even be staked anymore

it can be staked lol
its just not worth it
stop spreading dumb FUD and FUD with facts

Like hell it is. The number of wallet addresses is still increasing. I refuse to believe that it's going to fucking end like this.

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Interesting development. The team decided to make the project much more useful at the cost of making the token worth way less, at least 10x from the current price.
What was the ico price? If the sustainable price under the new model creates results in a sustainable price that's higher than the ico, I don't think the team can be blamed - they still did good for their investors. They are not responsible for absurd speculative overvaluations that can't be supported, it's not a ponzi scheme.

it should stabilize around $.80

No offense but if you're quoting the dollar price it shows you have no idea. Everything about rpl should be valued in eth. The dollar price only depends on the eth price.

Why is no one mentioning the 2% of network fees? Didn’t the tokens essentially become the network itself now? Where is the loss of value????

the fees aren't actually a lot
it comes from the users side
if i'm a user, i deposit 1 eth. I can expect a 10% interest fee. However, they will take 2% of the 10% meaning they earn .002 eth of interest from 1 eth

The big picture is that RPL holders can now profit more by running nodes and by staking RPL. This model is geared toward big whale holders of ETH and RPL such as exchanges, institutions. It pretty much ruins the value for the little guys.

1. RPL is now used as security/collateral for the network. If a node operator screws up they are penalized in RPL and that RPL is burned. (this is very similar to Chainlink and LINK. You don't need LINK to run a node but those that do and are screw up lose a portion of their LINK)

2. Yes, there is now a burn feature for nodes that aren't behaving properly. Normally I shrug at burn features but RPL only has a total supply of 18 million! Think about that for a second. This one little feature for a smaller supply token makes the value extremely bullish.

3. Those that stake RPL along with ETH gain bigger rewards. Rewards that are a % of network fees. So something to think about....not all RPL holders will run nodes and stake their RPL. Meaning that RPL holders especially the whales will garner much of the % of network fees based on the amount of ETH staked in the network

4. People had an estimate of 20Million of ETH staked in RPL netowrk. I personally think it will be higher since regular ETH node validators are capped at 32ETH. meaning those that earn ETH on top of 32ETH will move that to the RPL network to stake and build until they have enough ETH to start another ETH node. And since there is no minimum to stake in the Rocketpool, the network could potentially garner up over 40% of the ETH stakers. It will just grow from there.

5. Now there are five tokens at play. You have Eth (aka Eth1), Eth2 (team refers to it as BETH, Beacon Eth), RPL, rETH, and nETH.

6. Rocketpool is currently the only network that offers no time minimum to stake. You can pull your ETH out at any time or you can leave it in and use rETH for liquidty and trading or staking, most likely, on other sites like AAVE.

(Cont)

About rETH

As the user you immediately get one time rETH in return for the Eth you contribute. This rETH accrues value over time in proportion to the staking rewards the RocketPool network generates as a whole.

Its Kind of like Compound's cDAI. Early on you will get more rETH per ETH compared to joining later. rETH will continue to appreciate as the network generates more staking rewards. rETH will be immediately trade-able (not stuck till Phase1+).

This adds bennifit to the network. If a user decides to quit and ditch Ethereum, their ETH still stays in the RocketPool network and continues to support Ethereum indefinitely (at least until Phase 2). If they want to leave then they can just sell their rETH instead of pulling their Eth out of staking. This is a massive show of support for the Ethereum ecosystem and prevents less committed people from creating chaos. This will also help combat exchanges exerting a centralized influence on staking. Again, think Whales.

About nETH

Node operators get nETH for their 16 or more ETH they contribute at a rate of 1:1 (this is different from rETH). nETH does not "tick up" like rETH does. They then earn rETH continuously at the usual ETH staking reward rate + commission as their reward for operating a node on RocketPool. The commission rate adjusts depending on how many node operators there are vs users.

Node operator gets nETH once for every ETH they contribute and then continuously earns rETH all the while that rETH itself accrues value which compounds the return. As if that is not enough, they will earn even more if they lock in RPL as well. HUGE!

Alot of the new tokenomics is geared to RPL whale holders. This is huge incentive for these guys carry both ETH and RPL. Anyone that is serious about ETH staking and earning a RETURN will consider staking massive amounts of RPL as well. Especially knowing they are doing it for the health of the ETH network which they are dedicated in supporting.

What happens when they announce that rpl will be used to regulate node capacity and to stake. Then we're talking $20 rpl