On February 5th, iExec (RLC) has been launched on HotsCoin. iExec is a decentralized computing asset market based on blockchain. Its core product is the iExec Marketplace, which aims to connect computing resource providers and users, enabling anyone to flexibly utilize or rent computing power, data sets and applications. RLC is currently open for trading on HotsCoin.
Basic Information
Name: iExec
Identification: RLC
Market value: $158,622,172.055 (circulation market value)
Total supply: 86,999,784.987 RLC
Circulation: 72,382,548.065 RLC
Fully diluted market cap: $190,655,002.26
Key events: 2017-04-20, US$12 million in financing completed through ICO
The development history of iExec
iExec was founded in 2012 by Dr. Gilles Fedak, Dr. Oleg Lodygensky and Dr. Haiwu He. What started as a small project has grown over the years to a company of over 50 engineers and developers. Its original intention is to provide distributed computing assets through the blockchain system to provide services to developers of decentralized applications (DApps).
Goals of iExec
iExec's vision is to democratize web3 development by providing convenient services. The goal is to create an easy way for anyone to access computing resources, data sets and other services, eliminating the need for users to purchase expensive hardware.
How iExec works
iExec operates through the integration of multiple mechanisms. The system built on XtremWeb-HEP allows DApps to use computing resources within the iExec system. Resource providers participate in the worker pool by setting the price for computing power, and developers can purchase these computing resources. This process is managed through smart contracts of the Proof of Contribution (PoCo) model, ensuring safe and reliable transactions.
Features of iExec
Web3 Market
iExec Marketplace is the core feature of the project, creating a decentralized marketplace for resource providers and users. This allows resource providers to earn excess computing power, while users can flexibly acquire additional processing power.Oracle Factory
iExec Oracle Factory is a valuable feature that helps users transfer external data to the blockchain. Users can browse other created oracles in the factory and integrate them into their own projects to simplify DApp development.iExec Portal
The iExec Portal is a user-friendly service that connects users to other functionality within iExec. Developers can use a variety of products and tools to create DApps while ensuring that the privacy and ownership of their projects are preserved.iExec Data Storage
iExec data storage provides developers with a wide range of data sets, and users can use cloud resource sellers to improve projects or purchase data for DApp training.Developer rewards and subsidies
iExec launches multiple incentive and funding programs to encourage web3 development and virtual cloud infrastructure. Developers may receive financial support if their projects are recognized and earn money through bounties for completing various projects.
The development path of iExec
iExec has implemented many projects over the past few years, ranging from cloud-based processing rentals to full hosting of various developer tools, funding programs and other decentralized network functions. Recently, iExec has focused on community building, planning to launch new developer rewards, hackathons and other activities, and launch new technology upgrades.
RLC Token Economics
iExec’s native token is RLC, which complies with the ERC-20 standard and is used throughout the iExec decentralized network. Users can use RLC to pay for all services, while resource providers earn RLC through the user reward system.
RLC Price Forecast
According to analysts, RLC’s price forecast is optimistic. PricePrediction believes the price of RLC could double to $5.28 by 2025, while DigitalCoinPrice’s forecast is more modest, predicting $6.38 in 2025.
RLC purchase
RLC was originally sold through iExec, and now users can purchase it for fiat or other cryptocurrencies through various exchanges. Bybit is a platform that supports RLC transactions.
RLC as an investment consideration
As a top seller of blockchain-based cloud resources, iExec is an excellent company worth investing in. As a key component of its network, the RLC token has a wide range of application scenarios and is supported by a strong developer and cryptocurrency community. While prices have experienced volatility, forecasts suggest RLC could be a solid investment choice.
Overall, iExec and its token RLC are worth paying attention to for investors who pursue long-term investment and pay attention to the progress of the project. However, please remember that this is not financial advice and adequate research should be conducted before investing.