Buy Rocket Pool in Australia on CoinJar

Buy Rocket Pool (RPL): Rocketpool makes staking easy and accessible, even if you don't have a lot of crypto.

The Rocket Pool launchpad

is like a special club for people who want to help out with the Ethereum network and earn some rewards along the way.

Ethereum, like many cryptocurrencies, uses a system called "proof of stake" (PoS) to keep things secure and running smoothly. This involves people "staking" their Ethereum – essentially locking it up for a while – to help validate transactions and create new blocks. In return, they get rewarded with more Ethereum.

The problem is, to stake Ethereum directly, you need to have 32 ETH (a lot of money!) and some technical know-how. That's where Rocket Pool comes in.

How does Rocket Pool work?

Rocket Pool makes it easy for anyone to participate in Ethereum staking, even if you don't have 32 ETH or aren't tech-savvy. Here's how.

Minipools

Think of these as little groups where people pool their Ethereum together. You only need 16 ETH to join a minipool. Rocket Pool finds someone else with 16 ETH and pairs you up.

Node operators

These are the tech experts. They run the computer servers that help keep Ethereum running, using the Ethereum from the minipools.

Rewards

The node operators earn rewards for their work, and they share a portion of those rewards with everyone in the minipool. It's a win-win!

RPL token

RPL is the special token that powers Rocket Pool. It's used for:

Governance

RPL holders get to vote on how Rocket Pool is run.

Insurance

Node operators need to hold RPL as a kind of security deposit, ensuring they act responsibly.

Rewards

Node operators earn extra RPL for their contributions.

Why buy RPL?

People buy RPL for a few reasons.

Belief in Rocket Pool

They think Rocket Pool will become more popular as Ethereum staking grows.

Potential for price increase

As demand for RPL grows, so could its price. Of course, nobody can predict the future and the price of RPL could also decrease if demand lessens.

Active participation

They want to be part of Rocket Pool's community and have a say in its future.

Ready for takeoff

Rocket Pool aims to make Ethereum staking accessible to everyone.