Dear Bithumb Global Users,
Bithumb Global will list RMPL digital asset service on DeFi board, details are as follows.
Deposits will be available on: Sep 16, 2020 at 11:00(UTC+8) Deposit here >>
Trading will be available on：Sep 16, 2020 at 16:00(UTC+8) Trading here >>
About RMPL ：
RMPL is a decentralized 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.
Total Supply: 7,469,908 RMPL
Circulating Supply: 4,338,832 RMPL
Official Website: https://www.rmpl.io/
Tips: RMPL is quite different from ordinary tokens. Please consider the following basic conditions and related risks before participating.
Warning: RMPL is an algorithmic stable coin anchored at $1. The total supply of RMPL has a rebase (flexible supply) mechanism, which means that the amount of RMPL held by users will change accordingly.
That is, when the RMPL price is between $0.95-$1.05, the total supply of RMPL remains unchanged;
When the RMPL price is < $0.95, the total supply of RMPL will be deflated;
When RMPL price > $1.05, the total supply of RMPL will inflate.
The time of the adjustment of RMPL is random and not fixed.
Example: The user currently holds 100 RMPL, the RMPL price is $1.30, and the logarithmic adjustment factor is 10. According to the adjustment formula (current price - based target price) * wallet balance / (base target price * lag factor), the user holds RMPL will increase by 3 [(1.30-1)*100/(1*10)=3], so the amount of RMPL held by the user will change to 103 (100+3=103).
In other words, the amount of RMPL held by the user will change randomly according to the price of RMPL, and the specific adjustment ratio can be inquired on the RMPL official website. When the system triggers its rebase mechanism, the amount of users’ RMPL positions and pending orders on Bithumb Global will change with the system.
There are significant risks in trading digital asset. Please consider carefully whether digital assets trading are appropriate to your financial situation.
Bithumb Global Team
Sep 16, 2020