RLCiExec (RLC) Price

1. Project introduction

The iExec network connects cloud resource sellers with cloud resource buyers, encouraging an ecosystem of decentralized and autonomous, privacy-preserving applications. This network aims at providing companies with scalable, secure and easy access to the services, datasets and computing resources they need.

iExec’s technology relies on Ethereum smart contracts and allows for a virtual cloud infrastructure that provides high-performance computing services on-demand. iExec believes in a future of decentralized infrastructure and market network, where big data and HPC applications, highly valued datasets, and computing resources (storage, CPU, GPU) will be monetized on the blockchain with the highest level of transparency, resiliency, and security.iExec strengthens applications running on Ethereum smart contracts, allowing for off-chain computation services and datasets on-demand. This is made possible by the iExec Proof-of-Contribution or PoCo consensus protocol that validates off-chain computations. Comparable to the oil market, the iExec marketplace offers a uniform and standardized access to computing resources, regardless of their provider.

2. Team introduction

CEO & Co-Founder: Gilles Fedak

Linkedin: https://www.linkedin.com/in/gilles-fedak-4a303a5b/

Co-Founder：Haiwu He

Linkedin: https://www.linkedin.com/in/hehaiwu/

COO: Johan Moonen

Linkedin：https://www.linkedin.com/in/moonenjohan/

3. Application and distribution

Token application:

RLC stands for “Run on Lots of Computers”. RLC is a cryptocurrency that provides standard and secure payments.

As with any cryptocurrency, RLC can be securely and easily stored, transferred, traded, divided and used to make payments. RLC has the following features:

(1) Simple to use: To access the iExec resources you need, you may pay with RLC tokens on a pay-as-you-go basis.

(2) Secure: RLC is an ERC20 compliant digital asset on Ethereum.

(3) Widely Adopted: 83 million RLC are in circulation allowing businesses to begin their journey in the iExec ecosystem.

Token distribution:

Crowdsale: 69%

Founders & Early Investors:17.2%

Bounty and R&D:6.9%

Contingency: 6.9%