RSS3
RSS3

RSS3 price

$0.064890
-$0.00572
(-8.11%)
Price change for the last 24 hours
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The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice.

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RSS3 market info

Market cap
Market cap is calculated by multiplying the circulating supply of a coin with its latest price.
Market cap = Circulating supply × Last price
Circulating supply
Total amount of a coin that is publicly available on the market.
Market cap ranking
A coin's ranking in terms of market cap value.
All-time high
Highest price a coin has reached in its trading history.
All-time low
Lowest price a coin has reached in its trading history.
Market cap
$47.13M
Circulating supply
719,666,666 RSS3
71.96% of
1,000,000,000 RSS3
Market cap ranking
--
Audits
CertiK
Last audit: Sep 26, 2022
24h high
$0.073650
24h low
$0.062400
All-time high
$0.75870
-91.45% (-$0.69381)
Last updated: Feb 15, 2022
All-time low
$0.034670
+87.16% (+$0.030220)
Last updated: Apr 7, 2025
The following content is sourced from .
Joshua Meng 🟠
Joshua Meng 🟠 reposted
RSS3 🟦
RSS3 🟦
Shoutout to our founder @JoshuaRSS3 @rss3_ for making @LunarStrategy’s Top 25 Most Influential in Crypto AI alongside @sama @worldcoin @ilblackdragon @nearprotocol & other top AI 🧠s 🟦RSS3 is delivering the world's data, structured and AI-ready, in fully decentralized nodes, powering AI model & Agents. 📎 Article link in replies.
14.23K
175
Joshua Meng 🟠
Joshua Meng 🟠 reposted
RSS3 🟦
RSS3 🟦
👀... @jack's call to delete IP law tweet zooms in an on-going debate; Information wants to be free? data contribution ≠ data surrender? & the new internet needs better answers than paywalls? In a post-information economy, what do we owe to those who produce context, not just content? At 🟦RSS3, we deliver the world's data structured and AI-ready, in a fully decentralized nodes incentivizing different stakeholders in our data ecosystem, powering AI model & Agents.
jack
jack
delete all IP law
17.99K
27
Joshua Meng 🟠
Joshua Meng 🟠 reposted
RSS3 🟦
RSS3 🟦
Dubai bound. ✈️ 🟦RSS3 is touching down at Token2049. If you’re thinking about the future of decentralized, verifiable data powering AI agents, social graphs, and Web3 applications — let’s talk. The future runs on real data, not promises. See you in the desert. 🏜️
26.85K
31
Joshua Meng 🟠
Joshua Meng 🟠 reposted
RSS3 🟦
RSS3 🟦
RSS3 in fur logo version👀 Here’s ours 🟦
47.44K
35
Odaily
Odaily
1. Popular CEX currencies Top 10 and 24-hour changes in CEX turnover: BTC: + 1.45%  ETH: -2.10%  SOL: -1.95%  XRP: -0.90%  SUI: + 2.58%  PEPE: + 1.54%  DOGE: + 0.95%  MAGIC: + 26.19%  OM: -4.43%  TRX: + 0.20%  24 H gainers list (data source OKX): PIXEL:+ 47.24%   MAGIC:+ 22.27%   ACE:+ 20.37%   RSS3:+ 20.26%   TNSR:+ 17.66%   BADGER:+ 13.61%   OL:+ 13.28%   PARTI:+ 11.10%   BABY:+ 10.56%   GALFT:+ 10.03%  2. Top 5 popular memes on the chain (data source is GMGN): SAMMY Francis Sol HUGGY WORK 3. 24 H hot search currency HUGGY, a concept token related to Hugging Face, a well-known open-source platform for artificial intelligence, was created after developer Daniel Vila Suero saw the success of the DARK token and related projects. Headlines TRUMP: Many are calling for precautionary rate cuts Trump said many are calling for precautionary rate cuts, and unless interest rates are lowered, economic growth is likely to slow and inflation is almost non-existent. Calling on Powell to lower interest rates, Powell is always too late, except during the election period. Paul Atkins was inaugurated as Chairman of the SEC in the United States According to official sources, the U.S. Securities and Exchange Commission (SEC) announced that Paul Atkins has been officially sworn in as the 34th chairman of the SEC. Previously, the U.S. Senate confirmed Paul Atkins as chairman of the U.S. Securities and Exchange Commission (SEC) by a vote of 52 to 44 on April 9. Strategy increased its holdings of 6, 556 BTC at an average price of $84, 785 According to market news: Strategy (formerly MicroStrategy) disclosed that it had increased its holdings of 6,556 BTC at an average price of $84,785 between April 14 and April 20. Paradigm is suspected of selling ETH again, transferring 5, 500 ETH to Anchorage 3 hours ago According to Ember Monitoring, crypto venture capital firm Paradigm may transfer 5, 500 ETH (about $8.66 million) to the institutional brokerage platform Anchorage about 3 hours ago, suspected to be preparing for a sale. According to the data, Paradigm has transferred a total of 96, 955 ETH (about $302 million) to Anchorage in the past year, with an average transfer price of about $3, 110. Historical transfer records show that these ETH usually flow further from Anchorage to centralized exchanges such as Coinbase, Binance, etc. Industry news This year, more than 70 U.S. crypto ETFs are waiting for the SEC's ruling, covering mainstream coins to meme coins Bloomberg analyst Eric Balchunas said that there will be more than 70 crypto ETFs awaiting SEC review this year, covering a variety of assets such as XRP, LTC, SOL, Dogecoin, and crypto derivatives. He called "2025 going to be a crazy year". Despite the increased institutional interest in the crypto market, the analysis points out that approval does not mean that it will be widely adopted, especially for ETFs related to non-mainstream currencies. Sygnum Bank expects altcoin ETF inflows to be in the hundreds of millions to $1 billion, far below the spot Bitcoin ETF's ability to absorb more than $100 billion last year. In addition, ARK Invest added staked Solana to its two ETFs on April 21, giving US investors access to spot SOL through ETFs for the first time. ZKsync Update Security Incident Progress: Investigation is ongoing, and efforts are underway to achieve decentralized ordering and fund recovery ZKsync posted an update on the security incident on Platform X, stating that this incident was caused by the theft of the airdrop management key, which was included in three specific Merkle distribution contracts for the June 2024 ZK token issuance. Since the total issuance cap for each distribution contract has been fully minted, it is not possible to mint additional ZK tokens from any distribution contract. No further attacks can be carried out through this method. The stolen admin key has no control over any other contract and cannot do anything other than mint unclaimed tokens from the airdrop after the claim window ends. Matter Labs is currently the only sequencer for the ZKsync Era chain and has implemented transaction filtering for compromised accounts. Unable to cope with all potential events involving a single smart contract, Matter Labs is working to upgrade ZKsync to Phase 1 and enable decentralized ordering, while ZKsync Era is currently in Phase 1 Rollup status, and it is important to emphasize that the ZKsync Governance and Security Committee has the right to change sequencers and remove all filters at any time. The investigation is still ongoing, and active efforts are underway to recover funds. The Grayscale Decentralized AI Fund is now open to qualified accredited investors Grayscale announced that its Grayscale decentralized AI fund is now open to qualified qualified investors, and through fund holdings, it can obtain diversified investments in the intersection of AI and cryptocurrency, including: NEAR, TAO, RENDER, FIL, GRT, LPT. Circle and BitGo plan to introduce cryptocurrencies to the banking industry Circle and BitGo are working to embed themselves in the U.S. banking system by applying for a banking license, with the aim of strengthening ties to traditional finance. After returning to the White House, Trump eased restrictions that previously required banks to obtain approval before working with crypto firms, opening up new opportunities for crypto firms. Companies such as Circle and BitGo are looking to secure a full-fledged banking franchise, with plans to offer deposit and loan services like traditional banks. At the same time, traditional banks such as Bank of America and U.S. Bancorp are also reconsidering their foray into crypto. Stablecoins in the crypto industry remain central, with Tether and Circle's USD Coin continuing to dominate the market. Deutsche Bank and Standard Chartered Bank plan to expand their cryptocurrency business in the United States According to BitcoinMagazine, Deutsche Bank and Standard Chartered are looking to expand their cryptocurrency operations in the United States. Project highlights Hyperlane: Airdrop claims will open at 8 p.m. tonight The Hyperlane Foundation has officially announced that airdrop claims will open on April 22 at 12:00 UTC (8:00 p.m. Beijing time) and last until 13:00 on May 22. Binance Wallet will soon be available on Hyperlane's exclusive TGE, which requires a minimum of $20 in Binance Alpha to be validly purchased Binance Wallet announced the upcoming launch of Hyperlane's exclusive TGE on Platform X from 9:00 AM - 11:00 AM (UTC) on April 22, with the rule that a valid purchase of at least $20 worth of Binance Alpha tokens must be completed between 00:00:00 UTC on March 22, 2025 and 23:59:59 UTC on April 20, 2025 via Binance Wallet (no key) or Binance exchange. Initia unveils tokenomics: total supply of 1 billion, airdrop accounts for 5%  Initia, a full-chain rollup L1 network, unveils its tokenomics. The total supply of Initia's native token, INIT, is fixed at 1 billion, with 5% going to airdrops. In addition, foundations account for 7.75%, protocol developers account for 15%, and protocol sales account for 15.25%. Sign Unveils Tokenomics: Total Supply of 10 Billion Tokens, 12% of Initial Circulating Supply  The official release of Sign said that the SIGN token will be minted on the Ethereum mainnet and distributed through BNB Chain and Base, with a total supply of 10 billion, with 12% of the initial circulation, and the distribution ratio is as follows: 40% – Community Incentives, 20% – Supporters, 10% – Early Team Members, 20% – Foundation, 10% – Ecosystem, 12% – Core Contributors, 3.5% – Liquidity Incentives, 2% – Compliance Budget, 2% – Operating Budget, 0.5% – Donations. Circle will launch a cross-border payment network to challenge Visa and MasterCard Stablecoin giant Circle will launch a new payment and cross-border remittance product at its World Trade Center headquarters in New York on Tuesday. The product is billed as Circle's "next step" and is targeted at banks, payment institutions, fintech companies, and USDC partners. Circle is the issuer of USDC, which currently has a market capitalization of about $60 billion. The new network will initially focus on cross-border remittances, and in the future, it may challenge traditional giants Visa and MasterCard. According to people familiar with the matter, Circle is working to return to its payments roots in order to expand the use of stablecoins in the global payments space. Against the backdrop of clarifying stablecoin regulation, Circle is also planning to go public in the United States, but has postponed its IPO due to market volatility. The industry believes that as stablecoins such as USDC and USDT are widely used for cross-border transfers, Circle's move may accelerate the process of replacing stablecoins with traditional payment systems. Kado Software, a Web3 payment infrastructure company, was acquired by Swapped.com Web3 payments infrastructure company Kado Software announced it had been acquired by Swapped.com, and the team declined to disclose the amount and terms of the deal, but plans to expand the US presence of Danish company Swapped.com. It is reported that Kado founder Emery Andrew will remain in his position and will be responsible for the US business and product expansion, and is already working on some products, but is not ready to go public. Mantra (OM) founder John Patrick Mullin will burn its allocated 150 million team tokens According to official information, Mantra founder and CEO John Patrick Mullin will burn the 150 million team tokens it allotted, and this burn is a promise made by MANTRA to the community last week. THE BURN AIMS TO REBUILD TRUST AND DEMONSTRATES MANTRA'S ONGOING COMMITMENT TO BUILDING A TRUSTED, ACCESSIBLE, AND INCLUSIVE FINANCIAL ECOSYSTEM THROUGH TOKENIZATION. It is reported that the token unstaking period will end on April 29, 2025, and after the unstaking is released, all tokens will be sent directly to the burning address. In addition, MANTRA is in ongoing communication with key ecosystem partners and plans to burn an additional 150 million OM tokens, bringing the total burned to 300 million. Investment and financing GSR made a $100 million private equity investment in publicly traded Upexi to support the development of Solana's financial strategy GSR officially announced a $100 million private equity investment in NASDAQ-listed Upexi, Inc., a brand owner focused on the development, manufacturing, and distribution of consumer products. The investment follows Upexi's announcement of a strategic shift to a cryptocurrency-based financial strategy aimed at generating long-term value and benefits for shareholders. It is reported that Upexi has committed to develop Solana's financial strategy, which includes Solana's increased holdings and staking. Consciousness, an AI healing platform for mind, body and soul, has received a multi-million dollar strategic investment from Castrum Capital, a full-stack venture capital firm in Turkey Consciousness, an AI healing platform for mind, body and soul, has received a multi-million dollar strategic investment from Castrum Capital, a full-stack venture capital firm in Turkey. It is reported that Consciousness is committed to integrating AI technology and Web3 architecture, promoting global community interaction and the spread of physical and mental health awareness through incentive mechanisms, and creating personalized AI healing companions and related tools. Decentralized AI platform ORO AI closed a $6 million seed round led by a16z CSX and Delphi Ventures According to official information, decentralized AI platform ORO AI announced the completion of a $6 million seed round led by a16z Crypto Startup Accelerator (CSX) and Delphi Ventures, with participation from Ocular VC, Orange DAO, NEAR Protocol and 0G Labs. According to reports, ORO is a decentralized AI platform that aims to unlock high-quality, private data for advanced AI models. ORO leverages blockchain technology to facilitate secure and permissioned data sharing, enabling AI developers to train models on quality datasets while protecting data privacy. Character voices TD Cowen: Strategy's purchase of BTC has minimal impact on the price of the coin Investment bank TD Cowen released a research note noting that despite Strategy's growing influence as a major corporate holder of Bitcoin (BTC), its large-scale crypto purchases appear to have little impact on its price, which are a drop in the bucket compared to the broader Bitcoin market. The analysis found that Strategy's Bitcoin purchases typically account for only 3.3% of weekly trading volume. Over the past 27 weeks, the company's total trading volume has accounted for 8.4% of trading volume, but this figure has been skewed by a few weeks when buying volume briefly spiked by more than 20%. For eight weeks, Strategy didn't buy any Bitcoin at all. ZachXBT: Why does the ZORA token need to exist if it has no use On-chain detective ZachXBT posted on Platform X that he suspected of questioning the economic model of the Zora token, saying: "If ZORA has no use, then why does it need to exist? For a project that has raised more than $60 million in total and is valued at $600 million, this is an awkward situation. ” Binance CEO: Countries that are the first to adopt blockchain will have multiple advantages Binance CEO Richard Teng said that forward-thinking countries that are the first to adopt blockchain will receive cheaper capital, attract technologically advanced investors, and build resilient digital infrastructure, while other countries will pay extra to catch up. Analysts: M2 money supply growth could push Bitcoin to $132,000 by the end of the year Jamie Coutts, chief cryptocurrency analyst at Real Vision, said that the growing money supply could push the price of Bitcoin above $132, 000 by the end of the year. For the first time in nearly three weeks, the price of Bitcoin briefly topped $87, 700 since U.S. President Donald Trump announced reciprocal import tariffs on April 2. André Dragosch, head of European research at Bitwise, said: "It looks like Bitcoin is rising on the continued weakness of the US dollar, which has just hit its lowest level since March 2022. Ryan Lee, principal analyst at Bitget Research, told Cointelegraph that a weaker dollar could strengthen Bitcoin's appeal as a safe-haven asset. Michael Saylor: Strategy Bitcoin yields 12.1% year-to-date in 2025  Michael Saylor, founder of Strategy (formerly MicroStrategy), said in a post that he had acquired 6,556 BTC for about $555.8 million, or about $84, 785 per bitcoin, and had achieved a 12.1% yield on bitcoin so far in 2025. As of April 20, 2025, Strategy holds 538, 200 BTC.
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RSS3 calculator

USDUSD
RSS3RSS3

RSS3 price performance in USD

The current price of RSS3 is $0.064890. Over the last 24 hours, RSS3 has decreased by -8.10%. It currently has a circulating supply of 719,666,666 RSS3 and a maximum supply of 1,000,000,000 RSS3, giving it a fully diluted market cap of $47.13M. At present, the RSS3 coin holds the 0 position in market cap rankings. The RSS3/USD price is updated in real-time.
Today
-$0.00572
-8.11%
7 days
+$0.0048500
+8.07%
30 days
+$0.011230
+20.92%
3 months
-$0.00671
-9.38%

About RSS3 (RSS3)

3.8/5
CyberScope
3.8
04/16/2025
The rating provided is an aggregated rating collected by OKX from the sources provided and is for informational purpose only. OKX does not guarantee the quality or accuracy of the ratings. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly, and can even become worthless. The price and performance of the digital assets are not guaranteed and may change without notice. Your digital assets are not covered by insurance against potential losses. Historical returns are not indicative of future returns. OKX does not guarantee any return, repayment of principal or interest. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/ tax/ investment professional for questions about your specific circumstances.
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  • Official website
  • White Paper
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  • About third-party websites
    About third-party websites
    By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates ("OKX") are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets.

The RSS3 protocol is an innovative feed technology that empowers decentralized e-commerce, content, and social applications. Built on the Substrate blockchain framework and powered by the WebAssembly (WASM) virtual machine, RSS3 enables the seamless execution of decentralized applications (DApps).

What is RSS3

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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Socials

Posts
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 145 new posts about RSS3, driven by 87 contributors, and total online engagement reached 3.8K social interactions. The sentiment score for RSS3 currently stands at 61%. Compared to all cryptocurrencies, post volume for RSS3 currently ranks at 8085. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of RSS3.
Powered by LunarCrush
Posts
145
Contributors
87
Interactions
3,817
Sentiment
61%
Volume rank
#8085

X

Posts
129
Interactions
3,794
Sentiment
61%

RSS3 FAQ

What is RSS3?

RSS3 is a decentralized information processing protocol that facilitates the development of decentralized applications (DApps) for social media, content sharing, and e-commerce. Built on the Substrate blockchain framework and powered by the WebAssembly (WASM) virtual machine, RSS3 enables the execution of DApps in a decentralized manner.

Within the RSS3 network, there is a native token called RSS3. This token serves as a means of payment for various services provided on the network. These services encompass data storage and retrieval, feed creation and management, and active participation in governance.

What are the benefits of RSS3?

RSS3 leverages blockchain's unique technology to offer several benefits as a decentralized, secure, and scalable information processing system. The network has been designed to ensure interoperability with various blockchains and protocols, enhancing its utility and potential applications.

Where can I buy RSS3?

Easily buy RSS3 tokens on the OKX cryptocurrency platform. An available trading pair in the OKX spot trading terminal is RSS3/USDT.

You can also buy RSS3 with over 99 fiat currencies by selecting the "Express buy" option. Other popular crypto tokens, such as Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and USD Coin (USDC), are also available.

You can also swap your existing cryptocurrencies, including XRP (XRP), Cardano (ADA), Solana (SOL), and Chainlink (LINK), for RSS3 with zero fees and no price slippage by using OKX Convert.

To view the estimated real-time conversion prices between fiat currencies, such as the USD, EUR, GBP, and others, into RSS3, visit the OKX Crypto Converter Calculator. OKX's high-liquidity crypto exchange ensures the best prices for your crypto purchases.

How much is 1 RSS3 worth today?
Currently, one RSS3 is worth $0.064890. 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.
Will the price of RSS3 go up today?
Check out our RSS3 price prediction page to forecast future prices and determine your price targets.

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ESG Disclosure

ESG (Environmental, Social, and Governance) regulations for crypto assets aim to address their environmental impact (e.g., energy-intensive mining), promote transparency, and ensure ethical governance practices to align the crypto industry with broader sustainability and societal goals. These regulations encourage compliance with standards that mitigate risks and foster trust in digital assets.
Asset details
Name
OKcoin Europe LTD
Relevant legal entity identifier
54930069NLWEIGLHXU42
Name of the crypto-asset
rss3
Consensus Mechanism
The Ethereum network uses a Proof-of-Stake Consensus Mechanism to validate new transactions on the blockchain. Core Components 1. Validators: Validators are responsible for proposing and validating new blocks. To become a validator, a user must deposit (stake) 32 ETH into a smart contract. This stake acts as collateral and can be slashed if the validator behaves dishonestly. 2. Beacon Chain: The Beacon Chain is the backbone of Ethereum 2.0. It coordinates the network of validators and manages the consensus protocol. It is responsible for creating new blocks, organizing validators into committees, and implementing the finality of blocks. Consensus Process 1. Block Proposal: Validators are chosen randomly to propose new blocks. This selection is based on a weighted random function (WRF), where the weight is determined by the amount of ETH staked. 2. Attestation: Validators not proposing a block participate in attestation. They attest to the validity of the proposed block by voting for it. Attestations are then aggregated to form a single proof of the block’s validity. 3. Committees: Validators are organized into committees to streamline the validation process. Each committee is responsible for validating blocks within a specific shard or the Beacon Chain itself. This ensures decentralization and security, as a smaller group of validators can quickly reach consensus. 4. Finality: Ethereum 2.0 uses a mechanism called Casper FFG (Friendly Finality Gadget) to achieve finality. Finality means that a block and its transactions are considered irreversible and confirmed. Validators vote on the finality of blocks, and once a supermajority is reached, the block is finalized. 5. Incentives and Penalties: Validators earn rewards for participating in the network, including proposing blocks and attesting to their validity. Conversely, validators can be penalized (slashed) for malicious behavior, such as double-signing or being offline for extended periods. This ensures honest participation and network security.
Incentive Mechanisms and Applicable Fees
Ethereum, particularly after transitioning to Ethereum 2.0 (Eth2), employs a Proof-of-Stake (PoS) consensus mechanism to secure its network. The incentives for validators and the fee structures play crucial roles in maintaining the security and efficiency of the blockchain. Incentive Mechanisms 1. Staking Rewards: Validator Rewards: Validators are essential to the PoS mechanism. They are responsible for proposing and validating new blocks. To participate, they must stake a minimum of 32 ETH. In return, they earn rewards for their contributions, which are paid out in ETH. These rewards are a combination of newly minted ETH and transaction fees from the blocks they validate. Reward Rate: The reward rate for validators is dynamic and depends on the total amount of ETH staked in the network. The more ETH staked, the lower the individual reward rate, and vice versa. This is designed to balance the network's security and the incentive to participate. 2. Transaction Fees: Base Fee: After the implementation of Ethereum Improvement Proposal (EIP) 1559, the transaction fee model changed to include a base fee that is burned (i.e., removed from circulation). This base fee adjusts dynamically based on network demand, aiming to stabilize transaction fees and reduce volatility. Priority Fee (Tip): Users can also include a priority fee (tip) to incentivize validators to include their transactions more quickly. This fee goes directly to the validators, providing them with an additional incentive to process transactions efficiently. 3. Penalties for Malicious Behavior: Slashing: Validators face penalties (slashing) if they engage in malicious behavior, such as double-signing or validating incorrect information. Slashing results in the loss of a portion of their staked ETH, discouraging bad actors and ensuring that validators act in the network's best interest. Inactivity Penalties: Validators also face penalties for prolonged inactivity. This ensures that validators remain active and engaged in maintaining the network's security and operation. Fees Applicable on the Ethereum Blockchain 1. Gas Fees: Calculation: Gas fees are calculated based on the computational complexity of transactions and smart contract executions. Each operation on the Ethereum Virtual Machine (EVM) has an associated gas cost. Dynamic Adjustment: The base fee introduced by EIP-1559 dynamically adjusts according to network congestion. When demand for block space is high, the base fee increases, and when demand is low, it decreases. 2. Smart Contract Fees: Deployment and Interaction: Deploying a smart contract on Ethereum involves paying gas fees proportional to the contract's complexity and size. Interacting with deployed smart contracts (e.g., executing functions, transferring tokens) also incurs gas fees. Optimizations: Developers are incentivized to optimize their smart contracts to minimize gas usage, making transactions more cost-effective for users. 3. Asset Transfer Fees: Token Transfers: Transferring ERC-20 or other token standards involves gas fees. These fees vary based on the token's contract implementation and the current network demand.
Beginning of the period to which the disclosure relates
2024-04-20
End of the period to which the disclosure relates
2025-04-20
Energy report
Energy consumption
211.00438 (kWh/a)
Energy consumption sources and methodologies
The energy consumption of this asset is aggregated across multiple components: To determine the energy consumption of a token, the energy consumption of the network(s) ethereum is calculated first. Based on the crypto asset's gas consumption per network, the share of the total consumption of the respective network that is assigned to this asset is defined. When calculating the energy consumption, we used - if available - the Functionally Fungible Group Digital Token Identifier (FFG DTI) to determine all implementations of the asset of question in scope and we update the mappings regulary, based on data of the Digital Token Identifier Foundation.

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