rLoop Token (RLP) FAQ
Updated: September 2, 2018
This post is intended to answer some common questions about the RLP token, and will be updated as new information and further questions arise. If you would like to post some questions to the team, join our telegram community of over 20,000 people here, or send us an email: contact@rloop.org
Please note that the sale of RLP is subject to the Terms & Conditions as set out on our website. If there are inconsistencies between this FAQ post and the Terms & Conditions, those Terms & Conditions will be controlling in all respects. Nothing in this post should be considered financial advice!
How can I join the whitelist?
You can apply to the whitelist here: https://www.rloop.org/whitelist
What happens after I join the whitelist?
After successfully completing the whitelist form, you will receive a confirmation email from rLoop. At the appropriate time, you will be contacted and provided details on how to gain early access to the RLP sale before the public sale.
Is there a discount for whitelist/presale?
Individuals who successfully complete the whitelisting process are offered a discount relative to the main token sale, as well as early access to the token sale before it is opened to the public.
What is the price per RLP token?
1 RLP is equal to 0.0008 ETH, or, 1 ETH is equal to 1,250 RLP.
Will U.S. persons be permitted to participate?
Yes! Our focus is on a compliant and safe token sale. Based on application of known relevant cases, so far to the facts and circumstances of RLP, there are credible arguments that RLP is distinguishable in important respects from other instruments that have been deemed securities and is itself a commodity cryptocurrency. More information on this is forthcoming.
Is there a minimum purchase requirement?
There is a minimum purchase of $1 USD.
Will RLP be an ERC-20 token?
Yes.
How can I stay updated on the RLP token sale?
Join our telegram group here, and sign up to our newsletter here.
What is RLP used for?
The RLP is a cryptocurrency representing the currently held value of its community, its mission, its potential blockchain, finished goods, services, or coupons for finished goods and services. The rLoop Network is envisioned to be an innovation ecosystem with RLP as its economy. It can be used for:
- participation and co-ordination of group decision making (more details here);
- submit your own concept/project proposal;
- vote and scrutinize submitted project proposals (more details here);
- earned by Cognitive Suppliers for their efforts to solve challenges and related tasks;
- authentication of contributions from Cognitive Suppliers;
- products and services offered by the rLoop Network and portfolio companies;
- recruitment opportunities to rLoop Core Team and Portfolio Companies prioritize token holders;
- grants to entrepreneurs building useful applications or services benefiting the rLoop Community;
While these are some of the core uses envisioned for the token, we will continue to add more uses for RLP as the network grows!
What is the total supply of RLP tokens?
RLP is fixed at 1 billion tokens. Of that, 40% is being allocated during the token generation. The remaining 60% is locked in the community reserve. The entire ecosystem is designed to be sustainable. Any potential future use from the reserve will require a proposal and consensus from existing RLP holders.
How can I learn more about rLoop?
Glad you asked! You can read more articles on our blog here, browse our website which has historical information about rLoop and links to our documentation, watch our This is Innovation video (as well as other videos on our YouTube channel), and follow our social media accounts on Twitter and Facebook.
Don’t see your question answered here? Visit us on telegram or send us an email: contact@rloop.org . We’ll keep updating this post as further questions arise!
