The current price of RSS3 is $0.13310. Since 00:00 UTC, RSS3 has increased by +5.55%. It currently has a circulating supply of 674,916,666 RSS3 and a maximum supply of 1,000,000,000 RSS3, giving it a fully diluted market cap of $89.76M. At present, the RSS3 coin holds the 213 position in market cap rankings. The RSS3/USD price is updated in real-time.
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RSS3 is a cutting-edge feed protocol that powers Dapps for social media, content sharing, and e-commerce. Built on the Substrate blockchain framework and leveraging the WASM virtual machine, RSS3 enables the seamless deployment of Dapps. The protocol operates with its native token, RSS3, a payment method for various network services. These services encompass data storage and retrieval, feed management and creation, and governance participation.
RSS3 team
The RSS3 team is led by experienced entrepreneurs and blockchain technology experts. The project was initiated by equity firm Natural Selection Labs and co-founded by Joshua Meng and Zui Chen.
Zui Chen holds the position of Co-Founder, while Henry Wang is the CTO, Eric Gu serves as the COO and Aziz Alangari takes charge as the Head of Communications.
How does RSS3 work
RSS3 functions by utilizing a decentralized network composed of nodes responsible for storing and indexing various types of data, such as blog posts, social media updates, and financial transactions. The network ensures security through a Proof of Stake (PoS) consensus mechanism, wherein nodes contribute to the security and integrity of the network by staking RSS3 tokens. This incentivizes node operators to act in the network's best interest, thereby maintaining its overall security and reliability.
RSS3’s native token: RSS3
RSS3's native utility token is named RSS3. Within the RSS3 network, this token serves as the primary means of payment for various services, including data storage and retrieval, feed creation and management, and participation in governance activities.
RSS3 tokenomics
The RSS3 token operates with a total supply of 10 billion tokens, with 4.6 billion tokens circulating. The token launched with an initial price of $0.01 per token, and the block reward is set at 10 RSS3 tokens per block.
To promote token deflation and value appreciation, 50 percent of all transaction fees are burned through the token burn mechanism. This ensures a reduction in the token supply over time.
Distribution of RSS3
The market cap of the RSS3 token, which stands at 10 billion, is distributed among various stakeholders as follows:
1 percent is allocated as the share of advisors.
4.6 percent is allotted for the company’s seed investors.
15.4 percent is dedicated to the team’s operations.
5 percent is reserved for Natural Selection Labs.
10 percent was set aside for the private token sale.
64 percent is designated for the loyal RSS3 community members.
What does the future hold for RSS3
The future of RSS3 looks promising as the project focuses on expanding its network by adding more nodes, validators, and active community participants. This expansion will improve the network's performance and security. Additionally, the team is executing a strategy to increase the adoption of the RSS3 token through partnerships with content creators, developers, and businesses.
This collaborative approach will help broaden the reach of RSS3 and attract a wider audience. Furthermore, there are plans to further integrate the RSS3 token into the ecosystem to enhance its usability and value. This may involve implementing features such as improved support for various data types, upgraded search functionality, and tools for monetization.
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Listed crypto with similar market cap in the last 24h.
Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 207 new posts about RSS3, driven by 40 contributors, and total online engagement reached 9K social interactions. The sentiment score for RSS3 currently stands at 61%. Compared to all cryptocurrencies, post volume for RSS3 currently ranks at 6158. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of RSS3.
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Posts
207
Contributors
40
Interactions
8,998
Sentiment
61%
Volume rank
#6158
X
Posts
196
Interactions
8,973
Sentiment
62%
RSS3 FAQ
How much is RSS3 worth today?
Currently, one RSS3 is worth $0.13310. For answers and insight into RSS3's price action, you're in the right place. Explore the latest RSS3 charts and trade responsibly with OKX.
What is cryptocurrency?
Cryptocurrencies, such as RSS3, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as RSS3 have been created as well.
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