Roup Price

Roup is a community-owned initiative focused on enhancing the functionality and efficiency of BRC20 assets on the Bitcoin Layer2 trading platform. Not only is it initiated by the community, but the revenues generated are also fed back into the community. This approach aims to foster a sense of ownership and participation among its users.

Roup leverages innovative technology and a community-centric approach to improve the efficiency and fairness of BRC20 asset transactions on Bitcoin Layer 2. Its focus on reducing transaction costs and fair token distribution sets it apart in the cryptocurrency space.

ROUP is one of two native tokens of the Roup platform. It is inscribed completely on-chain on the Bitcoin network, powered by the Ordinals inscriptions.

Rolluper, the platform behind ROUP, utilizes the MAP Protocol's BRC201 standard. This technology is a standout in the realm of cross-chain solutions, offering a secure method to bridge BRC20 assets onto Bitcoin.

It significantly reduces transaction gas fees by a factor of 100, making it economically more viable than traditional centralized BRC20 bridges. This reduction is achieved through second layer transactions on the MAP Protocol.

ROUP ensures a fair distribution mechanism. Unlike previous projects where token distribution often favored development teams and venture capitalists, ROUP's approach is to fairly launch through inscription, limiting each engraving to 10,000 tokens out of a total issuance of 2.1 billion. This method aims to democratize access and ownership, moving away from the meme coin trend and offering a tangible use case.

Revenue generated by Rolluper will be used to buy back tokens and destroy them, thus reducing the overall supply until the last token. This strategy aims to increase the value of the remaining tokens over time. The community, through a voting mechanism, will decide specific ratios for buy-back and destruction after the completion of ROUP engraving.

In addition to ROUP, the platform also recognizes MAPO as a platform token, with MAPO tokens capped at 10% in buy-back and destruction activities. This inclusion is a nod to the MAP community, acknowledging the broad base of users and the adoption of MAP Protocol's technology.

Rolluper was launched on December 20, 2023, and the ROUP token was listed for trading on KuCoin in the same month.

The ROUP developer community is tasked with completing a rollup channel based on the BRC201 protocol, a process that is expected to take approximately 7 weeks. The work involves setting up a test environment, namely btc-testnet, and ord-btc-testnet, and productizing BTC cross-chain (rollup).

The team will then build on the testnet, conducting functional and stability tests, adding historical record functions, and iterating to fix any bugs that may arise. The final step of the project is to enable any BRC20 asset to roll up to the MAP Protocol's second layer.

The $ROUP token is primarily used within the Rolluper ecosystem for several key purposes:

1. Facilitating Transactions: It plays a crucial role in rolling up BRC20 assets to Bitcoin Layer2 trading. This process is driven by the community and is designed to reduce transaction gas fees significantly.

2. Token Distribution and Economics: ROUP tokens are distributed fairly through an inscription process, with a total issuance of 2.1 billion tokens. The scale of engraving directly correlates with the success of the community members involved.

3. Revenue Generation and Redistribution: Revenue generated by Rolluper is allocated back to the community. This includes activities like buy-backs and token destruction to ensure deflationary pressure on the token supply. Token holders get to vote on specific ratios for these activities after the completion of ROUP engraving.

4. Dual Platform Tokens: Alongside ROUP, the platform also acknowledges MAPO as a platform token, showing gratitude to the MAP community and incorporating MAP Protocol’s technology.

5. Trade ROUP on KuCoin: Trade Roup crypto on the KuCoin Spot Market against other cryptocurrencies to make the most of market volatility. Buy or sell ROUP, or hold the token long-term if you believe in the future potential of the Rolluper platform and the BRC-20 ecosystem on Bitcoin. Remember to do your own research before trading any crypto in the market.