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Iexec-rlc

RLC

IExecRLC

RLC

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₹242.88

LIVE

24H Low ₹240.83

24H High ₹253.65

Price of RLC today

The current live price of RLC today is ₹242.88, with a 24-hour trading volume of ₹94,01,56,464.42. Our RLC to INR price is updated in real-time. RLC has seen a decrease of -2.01% in the last 24 hours. With a live market cap of ₹17,46,54,07,495.74 , the circulating supply is at 72,382,548 RLC coins, with a maximum supply of 86,999,785RLC coins.

IExecRLC Price History

Date ComparisonAmount Change% Change
Today-₹2.94

1.2%

7 Days₹37.11

18.04%

30 Days₹94.07

63.26%

1 Year₹112.14

85.83%

IExecRLC Price Information

Price Change (1hr)

1.91%

Price Change (24hr)

1.2%

Price Change (7d)

18.04%

iExecRLC Market Stats

Market Cap

₹17,46,54,07,495.74

Fully Diluted Market Cap

₹20,99,24,45,519.82

24hr Volume

₹94,01,56,464.42

13.71%

Circulating Supply

72382548.07 RLC

Total Supply

86999784.99 RLC

Things to know about IExecRLC

What is the token?

iExec RLC (RLC) is a cryptocurrency token that powers the iExec platform, a decentralized cloud computing network. iExec aims to provide distributed applications running on the blockchain with scalable, secure, and easy access to the services, datasets, and computing resources they need. This technology leverages Ethereum smart contracts, allowing for the creation of a virtual Cloud infrastructure that offers high-performance computing services on demand. The platform is designed to support applications in various fields such as big data, healthcare, AI, rendering, and fintech, by organizing a market network where users can monetize their computing power as well as applications and datasets.

Tokenomics

iExec RLC (RLC) is the native utility token of the iExec cloud platform, which is used to access the network’s services. The tokenomics of RLC are as follows:

  • Total Supply:

  • The total supply of RLC tokens is capped at 87 million.

  • Circulating Supply:

  • As of the latest data, the circulating supply is approximately 72.38 million RLC tokens, which is about 83.2% of the maximum supply.

  • Allocation:

  • Crowdsale Participants:

  • 69% of the tokens were distributed to crowdsale participants during the ICO.

  • Founders, Team, and Early Adopters:

  • 17.2% of the tokens were allocated to the founders, team, and early adopters.

  • Contingency Fund:

  • 6.9% of the tokens were set aside for contingency purposes.

  • Bounty and R&D:

  • Another 6.9% were reserved for bounties and research and development.

  • Usage:

  • RLC tokens are used to pay for transactions and services on the iExec platform, such as accessing computing power, datasets, and applications. They are also used as a form of security deposit by workers who execute tasks on the network.

  • Staking:

  • RLC tokens can be staked by workers as a security deposit to ensure the integrity of the platform and to prevent malicious behavior.

  • Liquidity Mining and Pooling:

  • RLC tokens can be used for liquidity mining and pooling on decentralized finance (DeFi) protocols.

  • No New Minting:

  • No new RLC tokens will be minted beyond the capped supply, meaning the only way to obtain RLC after the initial distribution is through purchasing it on the open market, earning rewards by participating in the iExec marketplace, or providing liquidity.

  • Enterprise RLC (eRLC):

  • A business-friendly equivalent of the standard RLC token, eRLC, is used for transactions in iExec’s Enterprise Marketplace. eRLC tokens can be exchanged 1:1 for RLC tokens.

The tokenomics of RLC are designed to incentivize participation in the iExec ecosystem by various stakeholders, including resource providers, developers, and users. The fixed supply cap and the distribution mechanism aim to create a sustainable economy within the platform.

Market Data

As of today #{today’s date}, the price of IExecRLC is ₹242.88 INR or 2.729 USD, with a 24-hour trading volume of 10563555.78 USD. The market capitalization for IExecRLC is 196240533.66USD. The circulating supply is 72382548.07 IExecRLC, with the total supply also being 86999784.99 IExecRLC.

Token Pros and Cons

Pros

  • Decentralized Cloud Computing:

  • iExec offers a decentralized alternative to traditional cloud services, reducing reliance on centralized providers.

  • Versatility:

  • Supports a wide range of applications across various industries, including AI and big data.

  • Security and Privacy:

  • Utilizes blockchain technology to ensure secure and private transactions.

  • Economic Incentives:

  • Provides a marketplace for users to monetize their computing resources or access external computing power.

  • Community and Developer Support:

  • Offers rewards and grants to developers, fostering a strong ecosystem.

Cons

  • Complexity:

  • The concept of decentralized cloud computing can be complex for new users.

  • Adoption Rate:

  • As a niche technology, it may face slow adoption compared to established cloud services.

  • Market Competition:

  • Faces competition from other decentralized computing projects and traditional cloud providers.

  • Regulatory Uncertainty:

  • As with many crypto projects, regulatory changes could impact its operation and token value.

  • Technical Challenges:

  • Ensuring scalability, reliability, and user-friendly interfaces remains a challenge.

Why Should You Invest in the Coin?

  • Innovative Technology:

  • iExec’s approach to decentralized cloud computing addresses key issues in privacy, security, and accessibility.

  • Growing Market:

  • The demand for cloud computing and decentralized applications is increasing, positioning iExec for potential growth.

  • Strong Team and Partnerships:

  • Founded by experienced researchers and supported by strategic partnerships, including with major electrical companies.

  • Active Development:

  • Continuous improvements and updates to the platform indicate a commitment to long-term success.

  • Token Utility:

  • RLC tokens have a clear utility within the ecosystem, driving demand as the platform grows.

USP of the Coin

  • Decentralized Marketplace:

  • iExec’s marketplace for computing resources is a unique offering in the blockchain space.

  • Confidential Computing:

  • Combines blockchain with confidential computing to preserve privacy while enabling computation.

  • Developer Support:

  • Offers significant incentives for developers, including up to 1M USD in bounties and grants.

Problem the Coin is Solving

iExec addresses the limitations of traditional cloud computing by providing a decentralized, secure, and scalable platform for accessing computing resources. It solves problems related to privacy, data ownership, and the monopolistic control of cloud services by central entities.

Founder and Team Background

iExec was co-founded by Gilles Fedak and Haiwu He, both of whom have extensive backgrounds in computer science and distributed computing. Fedak received his PhD from the University of Paris Sud, and Haiwu He completed his PhD at the University of Sciences and Technologies of Lille, France. Their expertise has been crucial in developing iExec’s innovative platform.

ICO Price

  • ICO Date

  • : April 19, 2017.

  • Duration

  • : Completed in under 2 hours and 45 minutes.

  • Funds Raised

  • : $12 million, indicating strong investor confidence.

  • Token Price

  • : Approximately $0.25 USD, for broad investor access.

  • Tokens Issued

  • : 87 million RLC tokens to prevent inflation.

  • Token Allocation

  • : Distributed among crowdsale participants, the project team, and reserved for future development.

  • Accepting Currencies

  • : Bitcoin (BTC) and Ethereum (ETH) were accepted.

  • Purpose

  • : Funds raised for platform development, R&D, and community building, supporting iExec’s decentralized cloud computing vision.

Risks Associated in Investing in the Coin

  • Market Volatility:

  • Cryptocurrency markets are highly volatile, and RLC’s price can fluctuate widely.

  • Competition:

  • iExec faces competition from both decentralized projects and traditional cloud computing giants.

  • Adoption Challenges:

  • The platform’s success depends on widespread adoption by developers and users.

  • Regulatory Risks:

  • Changes in cryptocurrency regulations could impact iExec’s operations and token value.

  • Technical Risks:

  • As a complex platform, iExec may encounter technical challenges that could affect its performance and reliability.

Whitepaper Insights

The iExec whitepaper presents a comprehensive blueprint for decentralized cloud computing, leveraging blockchain technology to create a novel ecosystem for distributed applications (dApps). At its core, iExec aims to address the limitations of traditional cloud computing by offering a scalable, secure, and easily accessible platform for services, datasets, and computing resources. This initiative is built upon Ethereum smart contracts, facilitating the creation of a virtual cloud infrastructure that delivers high-performance computing services on demand.

Decentralized Cloud Computing Vision

iExec envisions a future where cloud computing is decentralized, breaking away from the monopolistic control exerted by centralized entities. This decentralization promises enhanced security, privacy, and accessibility, making high-performance computing resources available to a broader range of users and applications. By leveraging blockchain technology, iExec introduces a transparent, resilient, and secure infrastructure for cloud computing, aiming to democratize access to computing power.

Technical Architecture and Innovations

The technical foundation of iExec is built on a set of research technologies developed at renowned research institutes like INRIA and CNRS, focusing on Desktop Grid computing. Desktop Grid computing, also known as Volunteer Computing, aggregates underutilized computer resources across the internet to execute large parallel applications cost-effectively. iExec utilizes XtremWeb-HEP, a mature and open-source Desktop Grid software, to implement essential features such as fault-tolerance, multi-application support, hybrid public/private infrastructure, data management, and security.

A key innovation introduced by iExec is the Proof-of-Contribution (PoCo) protocol, which enables off-chain consensus. This protocol allows external resource providers to have their resource usage certified directly on the blockchain, ensuring transparency and trustworthiness in transactions.

Marketplace and Ecosystem

iExec proposes a decentralized marketplace for computing resources, where users can monetize their computing power, applications, and datasets. This marketplace fosters an ecosystem of decentralized and autonomous applications, promoting privacy-preserving operations. By connecting cloud resource sellers with buyers, iExec encourages a vibrant community of participants, contributing to the growth and sustainability of the platform.

Use Cases and Applications

The whitepaper highlights several potential applications of iExec across various industries, including AI, big data, healthcare, and fintech. By providing scalable and secure computing resources, iExec aims to support the development and deployment of innovative dApps, addressing the computational challenges faced by these applications.

Conclusion and Vision for the Future

iExec is committed to building the internet’s next step, a decentralized infrastructure that empowers users and developers with accessible, secure, and high-performance computing resources. The project envisions a future where big data and high-performance computing (HPC) applications, valuable datasets, and computing resources are monetized on the blockchain with unparalleled transparency and security. Through its innovative platform, iExec seeks to become the key driver of this future, enabling a new era of decentralized applications and services.

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What is the price of IExecRLC (RLC)?

The current price of IExecRLC (RLC) in INR is ₹242.88 INR.

What is the current RLC market cap?

The current market capitalization of IExecRLC (RLC) is ₹17,46,54,07,495.74 INR. This value represents the total market value of all coins in circulation, calculated by multiplying the current price of RLC by the number of coins in circulation.

What is the current supply of IExecRLC (RLC)?

The current supply of IExecRLC (RLC) is 72382548.07 RLC. This figure represents the total number of coins that have been mined and are currently in circulation.

What is the 24 trading volume of IExecRLC (RLC)?

The 24-hour trading volume of IExecRLC (RLC) in INR is ₹94,01,56,464.42. This figure represents the total value of all RLC transactions across various exchanges within the last 24 hours.

How to Buy IExecRLC (RLC) in India?

To buy IExecRLC (RLC) via Mudrex, simply sign up and create an account on their platform. Proceed by completing the KYC process to verify your identity. Once verified, deposit funds into your account using the available methods. With your account funded, you're all set to start investing in RLC.

Can I buy IExecRLC (RLC) with UPI?

Yes, you can buy IExecRLC (RLC) with UPI on Mudrex, which accepts payments through popular UPI apps like Paytm, PhonePe, and Google Pay, offering a convenient and quick way to invest.

How to Convert IExecRLC (RLC) to Indian Rupee (INR)?

To convert IExecRLC (RLC) to Indian Rupee (INR), you can use our RLC/INR conversion rates in real time.

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