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Rope Token

Rope Token

ROPE

Key Stats

Total Supply5.02M ROPE
Max Supply∞
Launch Date2021-03-31
Built OnSOL
Token StandardSPL
Smart Contract Address8PMHT4…P1Fo
Decimal Places9

Rope Token Information

Websites
www.ropesolana.comWhitepaper
Industries
DeFi

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Trading AsToken StandardBuilt OnSmart Contract AddressLaunch Date
ROPESPLSOL8PMHT4swUMtBzgHnh5U564N5sjPSiUz2cjEQzFnnP1Fo2021-03-31

About Rope Token

Rope Token (ROPE) is a governance token powering a decentralised volatility index ecosystem on Solana. It facilitates hedging and speculation against cryptocurrency market volatility through its companion token, ROPEV. Built on Solana’s high-performance infrastructure, it offers scalability and low-latency transaction speeds.

Frequently Asked Questions

Rope Token (ROPE) is a governance token within the ROPE ecosystem, a decentralised platform built on the Solana blockchain to provide a cryptocurrency volatility index. The ecosystem also includes another token, ROPEV, which is tied to the volatility index and tracks cryptocurrency market fluctuations. The primary goal of the platform is to create a volatility tool similar to the Cboe Volatility Index (VIX) in traditional finance but tailored for the cryptocurrency market. ROPE leverages Solana's Proof of History (PoH) technology, ensuring high transaction throughput and low latency​.

ROPE serves as the governance token for the ROPE ecosystem, allowing holders to vote on proposals and decisions regarding the platform's development and index integration. The ecosystem is designed to provide traders and investors with tools to hedge against volatility or speculate on market fluctuations using the ROPEV token.

Users can also collateralise ROPE to mint ROPEV tokens, which track implied market volatility derived from Bitcoin and Ethereum options prices. This functionality enables users to gain exposure to volatility without directional market risk. The ecosystem incorporates mechanisms for decentralised staking rewards through its native platform ROPEx​.