Search Posts

Intro

For over three years, the rLoop community has researched and developed innovative technology as a decentralized and globally distributed team. By cross-connecting emergent fields of technology and making them accessible to everyone, rLoop creates an ecosystem of limitless and permissionless innovation. Now we are formalizing our processes to facilitate collaboration on complex systems and making them available so that anyone, anywhere, at any time, can participate in the support and development of potentially world-changing technology.

Contribute to projects of significant impact. Collaborate on their development. Earn a stake in those projects. The rLoop Network is designed to to make this process as simple and accessible as possible. It is a mechanism to drive knowledge, expertise, and resources towards emergent technologies as efficiently and economically as possible. The rLoop Network features a modular set of tools and collaborative decentralized applications to allow individuals to propose projects, review other projects, contribute towards a diversity of technologies, and actively participate in their development and deployment. The entire process occurs autonomously, unsupervised, openly, and transparently.

rLoop is a proven model for decentralized development and execution of innovative technology from concept through to launch. Read the whitepaper here. Learn more at our YouTube channel.

History

rLoop was initially formed over three years ago when a handful of individuals answered a challenge from Elon Musk and SpaceX to reimagine transportation via the Hyperloop Competition. Today over 1,300 people from more than 50 countries have rallied behind the rLoop concept. The community is diverse in geography, education, experience, and interests. It includes passionate and motivated designers, engineers, makers, and manufacturers. All collaborating together as equals, free to contribute in whatever capacity they choose, and united by a vision to create a better world through innovation. rLoop has demonstrated success with our distributed and crowdsourced community, our collaborations with industry partners, as well as our award winning Hyperloop designs and prototype vehicles. The community has won multiple international awards and designed and manufactured hardware that achieved numerous firsts in the Hyperloop space, including:

First Hyperloop prototype vehicle with pressure vessel capable of supporting human life
First Hyperloop vehicle levitating in place at partial vacuum
First engineering system entirely designed and built by the crowd

The community retains interest in multiple projects including the Hyperloop, the future of flight, the future of work, and the future of information.

Ongoing Projects

Overview

The rLoop Network is a decentralized innovation platform to create and support community-driven projects.

The platform is designed to allow anyone to propose innovative projects, incentivize the community to coordinate around the most appealing and viable projects, and support project development from the concept phase through development and launch.

The community signals support for a project, as well as their desire to be a part of its development, by staking their rLoop Tokens (RLP) to a projects bonding curve and receive a project-specific token in return. A partition of the tokens received by the bonding curve is available to the project in order to reward contributions and fund development. The project-specific token also permits influence over the project's development and management of the projects resources.

The cost to mint project-specific tokens increases as the token supply increases, which encourages early identification and support for the best projects. Project supporters have an incentive to productively guide development in order to retain existing supporters and attract new interest, and all project-specific token holders have meaningful control over future development.

Individuals can also unstake project-specific tokens to claim RLP according to the bonding curve, reducing risk to project participants by providing constant liquidity and incentivizing productive contributions in order to attract more interest to the project. This also acts as a means to increase accountability, as supporters are likely to withdraw in the event of counter-productive or malicious activity.

Once a project has matured it can be launched on the rLoop Marketplace, with RLP as the primary method to acquire the product, service, or intellectual property. This distributes risk and reward among all projects and participants on the network, allowing for innovators to 'swing for the fences', eliminating information silos, and reducing duplication of efforts - all in favor of accelerating innovation.

The market and individual motivation to maximize profit serve to evaluate the viability of projects. All of these processes occur autonomously and unsupervised, entirely driven by the community - resulting in a permissionless innovation ecosystem.

The Team

The rLoop Token (RLP)

Symbol: RLP

Type: ERC-20

Price: 1 RLP = $0.15 USD

Initial Exchange Offering Launch Date: January 10, 2019

Tokens Distributed in IEO: 175,000,000 RLP

Initial Exchange Offering End Date: April 10, 2019

For more information please visit our website, read our whitepaper, and watch our YouTube videos!