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What is iExec RLC (RLC)?

iExec RLC basic info

Name:iExec RLC
Ticker:
Introduction:

What is iExec RLC (RLC)?

iExec is a company that specializes in blockchain-based decentralized computing. They've created a market network where people can monetize their computing power, applications, and even datasets. On top of that, they offer on-demand access to cloud computing resources. Their platform is used in fields such as big data, healthcare, AI, rendering, and fintech. They were founded in 2016 with the goal of reinventing cloud computing by creating a new paradigm. To achieve this, they rely on an open-source desktop grid software called XtremWeb-HEP. This software has a lot of useful features, such as multi-applications, fault-tolerance, multi-users, deployment of virtual images, private infrastructure, data management, and security.

Who Are the Founders of iExec RLC (RLC)?

iExec RLC has a team of founders who have contributed significantly to the development of the platform. Gilles Fedak, the CEO and co-founder, has a background in research science, having worked at INRIA, UC San Diego, and University Paris-Sud. He holds a Ph.D. in philosophy and computer science. Another co-founder, Haiwu He, serves as the head of APAC at iExec. He has a Ph.D. in computing sciences and has worked as a professor at the Chinese Academy of Sciences, an innovation transfer research engineer at ENS Lyon, a research engineer expert at INRA, and an assistant professor at Hohai University. The platform is rooted in the expertise of these team members, who have conducted research in desktop grid computing at INRIA and CNRS.

What Makes iExec RLC (RLC) Unique?

The iExec network is comprised of computing resource providers, known as iExec Workers. Users can connect their machines to become these workers, and in return, they will be rewarded with RLC tokens for contributing their resources to the network. Application providers can monetize their algorithms, and data providers can make their valuable datasets available for usage through iExec. Additionally, there is a consensus protocol known as PoCo or proof-of-contribution that provides consensus over the off-chain computing, allowing external resource providers to have the usage of their resources certified on the blockchain. iExec also provides distributed applications running on the blockchain, known as DApps, with scalable, secure, and easy access to servers, data-sets, and computing resources. Since all of this works on Ethereum, it allows for a Virtual Cloud Infrastructure that can provide high-performance computing services on demand. This supports the emerging class of blockchain-based distributed applications and enables cost-effective, high-performance computing through a decentralized cloud infrastructure. By making access to machines easier, a distributed cloud will allow for a drastic increase in the environmental footprint of data centers.

How Is the iExec RLC (RLC) Network Secured?

To address limitations with scalability, privacy, and connectivity in the Ethereum blockchain, iExec provides a solution for smart contracts. Additionally, iExec has implemented a high level of security with TEE, or Trusted Execution Environment. This creates a secure area within a machine's CPU that guarantees the execution of code, preventing tampering due to the implementation of its logic at a hardware level. As a result, accessing information provided by the Web2 infrastructure while exiting a smart contract is secure.

Conclusion

In summary, iExec RLC has established itself as a major contender in the field of decentralized computing. By prioritizing security, scalability, affordability, and sustainability, this digital currency provides an attractive option for developers and enterprises alike. Given the rising need for dependable and decentralized computing resources, iExec RLC is well-positioned to influence the evolution of the industry in a significant way.

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Current price:
All-time high:$16.26
All-time low:$0.1488

RLC supply and tokenomics

Circulating supply:72,382,550 RLC
Total supply:86,999,784.99 RLC
Max supply:86,999,784.99 RLC
Market cap:$145.45M
Fully diluted market cap:$174.82M
Token allocation:
Public Crowdsale
69.00%
Founders & Team
17.00%
Bounty & R&D
7.00%
Contigency
7.00%
Tokenomics:

Uniqueness

The iExec network has been made up of computing resource providers. These are known as iExec Workers. If users want to be these workers, they can connect their machines and will be rewarded with RLC tokens for contributing their resources to the network.

Application providers can monetize their algorithms, and data providers that own valuable datasets can make them available for usage through iExec. Then there is also the consensus protocol known as PoCo or proof-of-contribution that provides consensus over the off-chain computing. Thanks to this proof-of-contribution, external resources providers have the usage of their resources certified on the blockchain itself.

IExec also provides distributed applications running on the blockchain known as DApps scalable secure and easy access to servers, data-sets and computing resources, and since all of this works on Ethereum, it allows for a Virtual Cloud Infrastructure that can provide high-performance computing services on demand.

As such, iExec supports the emerging class of blockchain-based distributed applications and enables cost-effective, high-performance computing through a decentralized cloud infrastructure. Through making access to machines easier, a distributed cloud will allow a drastic increase in the environmental footprint of data centers.

Token utility

RCL is the platform’s native cryptocurrency and is used as a payment method for the services provided on the iExec platform, most products are available in a pay-as-you-go manner. RCL is an ERC20 token standard and can be stored, transferred, traded, or used for payments.

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What is the development prospect and future value of RLC?

The market value of RLC currently stands at $145.45M, and its market ranking is #370. The value of RLC is not widely recognized by the market. When the bull market comes, the market value of RLC may have great growth potential.

As a new type of currency with innovative technology and unique use cases, RLC has broad market potential and significant room for development. The distinctiveness and appeal of RLC may attract the interest of specific groups, thereby driving up its market value.

What will the price of RLC be in 2025?
Based on RLC's historical price performance prediction model, the price of RLC is projected to reach $2.39 in 2025.
What will the price of RLC be in 2030?
In 2030, the RLC price is expected to change by -6.00%. By the end of 2030, the RLC price is projected to reach $4.44, with a cumulative ROI of +128.31%.
Reminder: Just like all cryptocurrency investments, investors must closely monitor the market performance of RLC and be aware of the associated risks. The world of cryptocurrencies is full of uncertainties, so thorough research and preparation are essential.

Is RLC worth investing or holding? How to buy RLC from a crypto exchange?

If you want to buy RLC, the following information may be helpful for your investment decisions:
In the last 7 days, the price of RLC has fallen by -21.13%, leading to negative returns for most RLC investors. The market is currently pessimistic about the price trend of RLC.
It is important to note that the current price of RLC has retreated by -87.64% from its all-time high. This coin is currently considered high-risk, and while its price may rebound in the future, there is significant uncertainty.
Additionally, it's important to understand that each coin has its own optimal times for buying and selling. The optimal time to invest is dynamic: when a coin is undervalued, it's wise to adopt a buying strategy; when it becomes overvalued, you should decisively sell the coin.
To decide whether RLC is worth investing in, you need to consider various market factors such as the overall trend of the cryptocurrency market, the project's fundamentals, its current market valuation, and whether the current price is suitable for buying. If the project's fundamentals suddenly change or the price becomes excessively high, you should adjust your investment strategy and trading operations accordingly.
Your investment decisions should be based on your own risk tolerance, financial status, market analysis and research, especially the timing of your investments. Correct timing can ensure more reliable returns. Keep in mind that investing in RLC or any cryptocurrency comes with certain risks and uncertainties.
Regardless of your outlook on the development prospects and future trends of RLC, if you want to buy or sell RLC, you can consider Bitget for your trading needs. The best place to buy RLC is an exchange that offers hassle-free and secure transactions, combined with a user-friendly interface and high liquidity. Every day, millions of users choose Bitget as their trusted platform for crypto purchases.
Investing in iExec RLC has never been easier. Simply sign up on Bitget, complete the identity verification process, and make payments using bank transfers, debit cards, or credit cards, all while ensuring security through crypto wallets. This is a widely adopted method to buy iExec RLC. Here's a step-by-step guide on how to buy iExec RLC on Bitget.

How to get iExec RLC through other methods?

Using cash to buy iExec RLC is not the only way to obtain iExec RLC. If you have the time to spare, you can get iExec RLC for free.
Learn how to earn iExec RLC for free through the Learn2Earn promotion.
Earn free iExec RLC by inviting friends to join Bitget's Assist2Earn promotion.
Receive free iExec RLC airdrops by joining ongoing challenges and promotions.
All crypto airdrops and rewards can be converted to iExec RLC through Bitget Convert, Bitget Swap, or spot trading.

What is iExec RLC used for and how to use iExec RLC?

The use case of iExec RLC may expand as the crypto market and the project itself develop. Currently, you can use RLC to achieve the following goals:
Arbitrage by trading RLC: Since RLC is a frequently traded cryptocurrency, the price of RLC is always fluctuating. Earn more RLC by buying low and selling high on the exchange. Bitget spot market provides a variety of RLC trading pairs to fully meet your needs.
Earn by staking RLC: You can also generate income through financial management methods such as staking RLC or lending RLC. Bitget Earn offers a variety of financial products designed to help you earn more income from your RLC.
Send or pay RLC: If you want to give RLC to your friends, a charity, or a fundraiser, or you want to pay someone with RLC, you can quickly and easily send RLC to the recipient through their payment address.
You can also go to the official website of the iExec RLC project to learn more about the use cases of RLC. For example, find out if the project supports the use of within its community or ecology, or if the project allows you to purchase physical or virtual products in .

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