AMPL bifurcation project RMPL: The rebase token exchange platform still faces great difficulties
Rhythmed Blockbeats news, AMPL's bifurcation project RMPL Team members David, Alexis, and Ed A recent online AMA provided a brief overview of RMPL's economic model and future plans.
Can you tell us a little bit about RMPL first?
David: RMPL is an ERC20 cryptocurrency with an elastic supply model. RMPL balances supply and demand by randomly adjusting the benchmark. As a result, the volatility is in the supply of tokens, not in the price. Users' ownership of the network remains constant because the balance of the wallet changes proportionately around the world as demand changes.
RMPL is designed to eventually reach a stable $1 price. For that to happen, market capitalisation would have to be much higher than it is now. To get close to $1, a reset benchmark needs to be introduced. This means that when the price is above $1.05, the total supply increases. Each shareholder now has more RMPL, which in theory should increase the selling pressure and push the price closer to $1. The higher the price, the higher the percentage of the adjustment base. If prices fall below $0.95, supply decreases and buying pressure should push prices closer to $1 again.
We also released a video through the video can be well explained the principle to the new user: https://www.youtube.com/watch? v=rX-hFiTwT44& t
RMPL recently launched its first trading platform, Bithumb Global, which is a bit of a hassle to implement from a development perspective.
About the team
David: My name is David and I've been a fan of encryption since the beginning of 2017. I am the core member of RMPL project, responsible for marketing and communication.
Ed: Hi, I'm Ed and I'm one of the developers for RMPL and DeFi Prophet. DeFi Prophet is the "parent" of RMPL. DeFi Prophet builds different projects around RMPL here. Thus, RMPL is at the center of the ecosystem and everything around it.
Alexis: Hi, I'm Alexis. Since 2013, I have entered the field of encryption and helped some top 5 encryption projects. At Yellow.com, we do incubation, we market, we develop, and whatever is needed to succeed at Yellow.com. For example, we are helping RMPL to list on a centralized trading platform.
Can you briefly explain what RMPL's new Cradle is?
David:The Cradle is our liquidity solution. Here's how it works: Users provide liquidity for RMPL-ETH transaction pairs on Uniswap. Users are rewarded with "UNI-v2" tokens. The token can go in RMPL's Cradle (https://rmpl.io/cradle/).
Ps: So rePS is a major aspect of how RMPL works. Ps: Is it random? When people have a predictable basis, it leads to some game theory, where people just play in the system.
rebase The basic principles of
rebase It always happens randomly within 0-48 hours after the last rebase. So, if we have one rebase, maybe in a few minutes we'll have another one (very unlikely). About 1 rebase per day on average.
If the price is above $1.05, then the rebase is positive. Below $0.95, the rebase is negative. If the price is between $0.95 and $1.05, which is an ideal target price, there will be no rebase.
Note: For the specific mechanism, please refer to the previous article "Rhythm".RMPL: An algorithm that USES random time to control the total amount of COINS"
Alexis talked about helping RMPL get listed on a centralized trading platform. Can you talk about some of the difficulties of integrating Rebase tokens with the exchange platform and how it differs from a regular list of tokens?
Alexis: Yeah, it's a little tricky.
We contacted a number of different trading platforms, and most of them immediately told us that they couldn't go online with our tokens because the whole transaction needed to be suspended during the reset. Bithumb Global worked with our developers to find a solution to implement coinage. RMPL is now running at full speed. Not only on Bithumb Global's side, we are also using more than 10 resources to arrange to go to other trading platforms as soon as possible.
With all the hype about liquidity mining, many tokens offer incredibly high valuations for liquidity bets. What about RMPL's Cradle? Why should we choose Cradle?
RMPL team: We lock in team tokens for a year or more, so this avoids team dumping and reduces long-term risk compared to other projects.
Has RMPL been audited? Has there been multiple audits with a third party?
RMPL team: our contract by adis begic block chain auditor audit (https://www.rmpl.io/audit-report/), of course, the main code implementation will also be audited in the future.
Welcome to join the official BlockBeats community:
Telegram Subscription Group: https://t.me/theblockbeats
Telegram Discussion Group: https://t.me/BlockBeats_App
Official Twitter Account: https://twitter.com/BlockBeatsAsia
Related Articles
