$RLC It is the native currency of the iExec platform**, and its name is an abbreviation of the phrase **"Runs on Lots of Computers".
iExec is a decentralized cloud computing platform built on the Ethereum blockchain. Its goal is to create an open global marketplace where anyone can rent out their excess computing power to others and earn money from it. Simply put, it’s like Airbnb, but for processing power instead of apartments.
The platform is French in origin. It launched in 2017 and raised around 10,000 Bitcoin in its initial coin offering (ICO) in less than 3 hours, with a fixed total supply of just 87 million RLC tokens. No new tokens will ever be created.
How does iExec work? 1. Users (requesters): Developers who need computing power to run their decentralized applications (dApps) or perform complex off-chain calculations. 2. Workers: People who own computers or servers and connect them to the network. They must stake RLC tokens as security to qualify for performing tasks. 3. Payments: All transactions in the marketplace are made in RLC as a unified payment method, which simplifies using the network.
The most important technical feature of iExec is its use of Trusted Execution Environments (TEEs)—confidential computing. This means data remains encrypted and private even while it is being processed, which is very important for AI and medical data applications.
RLC tokenomics • Type: ERC-20 token on the Ethereum network • Total supply: 87 million RLC • Circulating supply: approximately 72 million • Utility: Paying for computing, rewarding workers, and accessing data and iApps
iExec's native token is RLC. Users can make payments for all iExec services using RLC, and resource providers can also earn RLC
### Real-world uses of RLC 1. For developers: Build Web3 applications that don't need Amazon or Google servers. 2. For computer owners: Rent out CPU/GPU capacity and earn RLC. 3. For data owners: Sell secure access to their data without revealing it. Does RLC reduce impermanent loss?
There is no direct relationship. RLC is not a stablecoin. It is volatile, like other computing tokens. Therefore, if you provide liquidity to an RLC/ETH pair, you will be exposed to high impermanent loss. As mentioned earlier, the solution is to use it in pools with less volatile pairs or an 80/20 ratio.
Summary:
RLC is not just a speculative token; it is a Web3 infrastructure project called Decentralized Physical Infrastructure. Its strengths are its limited supply and its connection to the computing and AI markets, while its weakness is fierce competition from projects such as Akash and Render.
