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Rangers Protocol


Discover Rangers Protocol's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is Rangers Protocol?

Rangers Protocol (RPG) is a layer 2 solution that provides comprehensive infrastructures for complex blockchain-application development, efficient Ethereum-compatible smart contract deployment, and ultimate NFT cross-chain interoperability. It supports full EVM-compatibility, strategic industry partnerships, and an all-in-one IDE for developers, aiming to create immersive web3 applications for gaming, NFT, and DeFi sectors.

How is Rangers Protocol used?

Rangers Protocol (RPG) is a layer 2 solution designed to empower blockchain infrastructure for web3 applications, particularly in gaming, NFT, and DeFi sectors. The RPG token serves as the gas fee or usage fee for various participants within the Rangers Protocol economy system. It is used to facilitate transactions and interactions within the platform, ensuring the smooth operation of web3 applications built on it. The token is issued in both ERC20 and BEP20 formats and has a total supply of 21 million pieces.

How do I store Rangers Protocol?

To store Rangers Protocol (RPG) tokens, you can use the Rangers Protocol Wallet App, which is available for both desktop and mobile devices. This wallet allows you to manage your RPG tokens along with other cryptocurrencies like Ethereum, XRP, Litecoin, and over 1000 other coins and tokens. The wallet is trusted by over 5 million users worldwide and offers features such as private and secured storage, 24/7 online support, and no registration or KYC requirements.

How to buy Rangers Protocol?

To buy Rangers Protocol (RPG) tokens, follow these steps:

  1. Create an account on an exchange:

    • Choose a reputable exchange such as Binance, MEXC, or BitScreener.
    • Sign up by providing necessary information, including your email address and a secure password.
    • Complete any required identity verification steps.
  2. Choose your funding method:

    • Exchanges offer various payment methods, including:
      • Credit or debit card
      • Bank deposit
      • Peer-to-peer (P2P) trading
      • Third-party payment channels
  3. Buy Rangers Protocol (RPG):

  • Navigate to the Buy & Sell section on the exchange platform.
  • Select Rangers Protocol (RPG) as the cryptocurrency you want to buy.
  • Choose your preferred order type:
    • Market order (buy at the current rate)
    • Stop order (buy at a specified price)
    • Limit order (buy at a specific price or better)
    • TWAP order (time-weighted average price)
    • Reverse order (opposite stance of an active position)
  1. Transfer RPG to your wallet:
    • Once purchased, you can hold the RPG tokens in your exchange account or transfer them to your personal cryptocurrency wallet.
    • Consider using a wallet like Metamask, which supports multiple assets and blockchains.

Remember to research the exchange's reputation, read user reviews, and compare different exchanges to find the most suitable one for you.

Rangers Protocol
We give you the tools to invest your time and money in 1000+ tokens.

History of Rangers Protocol

Rangers Protocol (RPG) is a cryptocurrency that has been in existence for several years. It is the backbone of a Web3 engine designed to facilitate the creation of immersive Web3 applications. The protocol aims to simplify the development process for Web3 developers and enhance the user experience of its applications.

Rangers Protocol provides comprehensive infrastructures for efficient complex-app development, successful cross-chain and mass distribution, diverse in-app NFT and DeFi features, and more. It supports AAA and indie developers through its full EVM-compatibility, strategic industry partnerships, and its curated all-in-one IDE.

The historical data of Rangers Protocol shows significant price fluctuations over time. The all-time high was recorded on September 30, 2022, at $253.67, while the all-time low was on November 21, 2023, at $0.1912. This indicates a significant drop in value but also a notable recovery.

The protocol has been actively maintained and updated, providing toolchains to support smart contract development, compilation, and deployment. It also offers custom one-sentence keywords for developers, indicating ongoing efforts to improve its functionality and usability.

Overall, Rangers Protocol has a history marked by significant price movements and continuous development efforts aimed at enhancing its capabilities and user experience.

Rangers Protocol
We give you the tools to invest your time and money in 1000+ tokens.

How Rangers Protocol works

Rangers Protocol (RPG) is a layer 2 solution designed to enhance the development and deployment of web3 applications, particularly in the gaming, NFT, and DeFi sectors. It aims to provide a scalable, low-cost, and interoperable platform for creating immersive web3 experiences.

Core Components

Rangers Protocol consists of two primary components: Rangers Mainnet and Rangers Connector. Rangers Mainnet is the core high-performance chain that supports complex applications and is highly scalable. It includes several key features:

  • Consensus Mechanism: Rangers Mainnet uses a hybrid consensus mechanism combining VRF (Verifiable Random Function) and BLS (Boneh-Lynn-Shacham) signatures. This ensures both randomness and security in the block generation process.
  • Virtual Machine: The REVM (Rangers EVM) is EVM-compatible, allowing for seamless integration with existing Ethereum dApps.
  • NFT Protocol: The NFT protocol records the entire lifecycle of NFTs, including historical data.
  • Storage Module: This module handles asset and data storage.
  • Node Module: Responsible for block generation.

Rangers Connector, on the other hand, is responsible for interconnecting different blockchain ecosystems, enabling cross-chain interoperability and data transfer.

Token Economy

The RPG token is the native cryptocurrency of Rangers Protocol. It has a total supply of 21 million tokens, issued in both ERC20 and BEP20 formats. The token serves several purposes:

  • Gas Fees: RPG is used to pay for gas fees or usage fees for various participants in the Rangers Protocol economy.
  • Staking: Developers need to purchase and stake RPG tokens to use Rangers Protocol.
  • Governance: The community can use RPG to participate in governance decisions.
  • Incentives: RPG rewards are given to proposal and verification nodes for participating in the block production process.
Usage Scenarios

RPG tokens are used in various scenarios:

  • Application Development: Developers need to consume RPG as gas fees for deploying and operating applications on Rangers Protocol.
  • User Interactions: Users pay RPG fees when using applications deployed on Rangers Protocol, such as paying RPG to application developers.
  • Cross-Chain Operations: RPG is used for cross-chain transactions and data transfers.
  • Content Creation: Creators pay RPG fees when using Rangers Protocol-based tools to publish and edit content on the blockchain.
Community and Governance

Rangers Protocol has an active community with a presence on various social media platforms. The community plays a crucial role in governance through voting and participating in decision-making processes. The RPG Foundation establishes communities with different functions, including ecological governance, developer, and token holder communities.

Overall, Rangers Protocol aims to create a comprehensive ecosystem that supports the development of complex web3 applications while ensuring scalability, interoperability, and security.

Rangers Protocol
We give you the tools to invest your time and money in 1000+ tokens.

Rangers Protocol's strengths

The token Rangers Protocol Gas (RPG) has several strengths that make it an attractive investment opportunity:

  1. High-Performance Blockchain: Rangers Protocol is designed to produce a new block every second, enabling real-time transactions without requiring a block to transpire before settlement. This feature supports high-frequency trading use cases.

  2. EVM Compatibility: The protocol is fully compatible with Ethereum, allowing developers to easily migrate their projects and smart contracts to Rangers Protocol. This compatibility makes it easier for developers to integrate with the platform.

  3. Advanced NFT Features: Rangers Protocol supports popular NFT standards like ERC-721 and adds robust data portability and collection capabilities. It also enables dApp NFT usability and built-in NFT lending, which allows borrowers to use assets without transferring them.

  1. Cross-Chain Facilitation: The protocol focuses on cross-chain facilitation, particularly for the metaverse, making it well-suited for applications that require seamless interactions across different blockchain networks.

  2. Strong Community Support: The community has shown significant interest in the token, with over 10,000 people applying to join the IDO whitelist. As more RPG tokens enter the market, more community members will have the opportunity to gain an economic stake in the project.

  3. Real-World Usage: Earlier versions of Rangers Protocol have been used in various applications, such as HyperDragons Rocket Arena and HyperSnakes, to enhance gameplay experiences and reduce network fees.

  1. Comprehensive Infrastructure: Rangers Protocol provides a comprehensive infrastructure for efficient complex-app development, successful cross-chain and mass distribution, diverse in-app NFT and DeFi features, and more. This makes it an attractive platform for developers and users alike.

These strengths position Rangers Protocol Gas as a promising investment opportunity in the cryptocurrency market.

Rangers Protocol's risks

Rangers Protocol (RPG) carries several financial risks. These include:

  • Market Volatility: The cryptocurrency market is known for its high volatility, which can lead to sudden and significant price changes. This unpredictability can result in substantial losses for investors.
  • Regulatory Uncertainties: As a relatively new market, RPG is subject to regulatory risks. Changes in laws and regulations can negatively impact the token's value and usage.
  • Competition: RPG faces competition from other layer 2 solutions, which can lead to reduced adoption and lower market share.
  • Technical Challenges: The development and deployment of Rangers Protocol may encounter technical issues, which can impact the token's performance and user trust.
  • Liquidity Risks: RPG's relatively new listing status and low trading volume can lead to limited liquidity, making it difficult for investors to buy or sell the token quickly and at a stable price.
  • Risk of Losing Investment: Trading in cryptocurrencies, including RPG, involves high risks, including the risk of losing some or all of the investment.

It is essential for investors to carefully consider these risks and develop a sound investment strategy before investing in Rangers Protocol (RPG).

Rangers Protocol
We give you the tools to invest your time and money in 1000+ tokens.

Did Rangers Protocol raise funds?

Rangers Protocol
We give you the tools to invest your time and money in 1000+ tokens.

Rangers Protocol's ecosystem

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Rangers Protocol
We give you the tools to invest your time and money in 1000+ tokens.

Rangers Protocol’s team

  • ZK Sun: CEO and Founder of Rangers Protocol, a blockchain technical expert who oversees the development of the protocol's services.
  • Jade Zhang: A senior gamer with 15 years of experience in the gaming industry, leading Rangers Protocol with entrepreneurial experience and network resources in the traditional gaming world.
  • Nicolas Zhu: A team member involved in the development and security of Rangers Protocol, ensuring the safety and security of the token's smart contract.
  • Maks: Cofounder of Rangers Protocol, recognized for the progress the team has made since its inception.

Whalee AI

The fundamental analysis assistant for crypto value investors.

Rangers Protocol NEWS REPORT

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