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ZendettaPicks & RMPL : AMA Recap

Zendetta
Ze.Fi | زي.فاي
10 min readSep 25, 2020

Greetings and welcome to another AMA conducted in ZePicks! Our guests today are the $RMPL team!
David, Alexis and Ed are here to answer our questions and fulfill our curiosity :D
Below you can find a transcript of the AMA ready for you to read ❤

Intro to $RMPL:
David:
$RMPL is a decentralized (ERC20) cryptocurrency with an elastic supply model. $RMPL reaches a supply-price equilibrium with its randomized rebasing. As a result, the volatility is in the token supply, not the price. A holder’s ownership of the network always remains the same, as wallet balances are globally altered in proportion to changes in demand.

$RMPL is designed to eventually reach a stable price of $1 (+CPI inflation). For that to happen the marketcap needs to be way higher than it is now. To get closer to $1, rebasing is introduced. This means, when the price is above $1.05 and a rebase happens, the total supply is increased. Every holder has now more $RMPL which, theoretically, should increase the selling pressure and drive the price closer to $1. The higher the price is, the higher is the rebase percentage. If the price is below $0.95 the supply is decreased and buying pressure should drive the price up closer to $1 again.

We also released a video which explains our project pretty good to newcomers: https://www.youtube.com/watch?v=rX-hFiTwT44&t

We recently got listed on our first centralized exchange (bithumb global) which was a bit of a hassle to implement from the development side. That’s one area where @alexis_yellow and his team helps us out — he will talk more about this later.

About the team
David:
My name is David and I have been a crypto enthusiast since early 2017. I’m a core member of the RMPL project and I’m responsible for marketing and communication.
Ed: Hi, I’m ed, I’m one of the Devs involved in rmpl and DeFi prophets. DeFi prophets is the “parent company” of RMPL. DeFi Prophets is here to build different projects around RMPL. So RMPL is in the center of the ecosystem and profits of everything else around it.
Alexis: Hi, Alexis here. Been in crypto since 2013 and helped some top 5 crypto projects. At Yellow.com we do incubation, market making, development, and…

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Zendetta
Zendetta

Written by Zendetta

My name is Zendetta and I hunt stars. اسمي زينديتا و أنا أهوى اصطياد النجوم.

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