iExec Blockchain Tech
Name
iExec Blockchain Tech
Summary
-RLC is the native token of the iExec cloud platform.
-It was founded in 2017 by Gilles Fedak, Haiwu He and Oleg Lodygensky.
-RLC is an Ethereum token for iExec.
Rating
Symbol
RLC
Overview
The iExec network delivers computational resources to decentralized applications that demand to use them.RLC token must be used to pay for the computational resources to be used. For example, if someone wants to run a decentralized application, without using classic computational resources from the likes of AWS, Azure, or any other big tech cloud provider, they can rent computational resources from the iExec network. The iExec network is Desktop Grid computing, also known as “volunteer computing”, where unused computational resources on the network can be used by applications, and platforms alike. All payments for computational resources operate on the RLC token as the medium of exchange.
Historical Price Movement (in INR)
Technology
The iExec network consists of computer resource providers. These are called iExec workers. If the user chooses to be one of these workers, the user can connect to their machine and receive RLC tokens by providing resources to the network.
Application providers can monetize algorithms and data providers with valuable datasets can make them available in iExec. Next, there is also a consensus protocol known as PoCo or Proof of Contribution, which provides consensus on off-chain computing. Proof of this contribution allows external resource providers to prove the use of resources in the blockchain itself.
IExec also provides scalable, secure and easy access to decentralized applications, servers, datasets and computing resources running on the blockchain called DApps. All of this works on Ethereum, so a virtual cloud infrastructure that enables high performance computing can provide services such on demand.
Use of Native tokens in the ecosystem:
This platform allows people to rent and monetize their computing power and data by creating distributed infrastructure.
Volume ( as of 11th May 2022)
$7,432,528
Total Supply
86,999,785 RLC
Circulating Supply
80,200,793.24 RLC
Crowd Sales
iExec RLC conducted 2 rounds of funding and raised $12M
Funding
25/04/2017-Initial Coin Offering-$12M
19/04/2017-Initial Coin Offering-N.A
Country
France
Year Incorporated
2016
Registered Address
iExec Blockchain Tech, Rue Jules Valensaut, 69008 Lyon, France.
Dispute Resolution and Governing Law
France
Country Risk Assessment
A1
Founding Team
| Name | Designation | Education | Experience |
| Gilles Fedak | CEO & Co-Founder | Emlyon business schoolDU Dirgier une activitéParis-Sud University (Paris XI)Doctor of Philosophy (Ph.D.), Computer Science | 25Yrs |
| Haiwu He | Co-Founder | University of Lille 1 Sciences and TechnologyPh.D, Computing SciencesUniversité des Sciences et Technologies de Lille (Lille I)Master, Computing SciencesHohai UniversityMaster, Computer Sciences | 22Yrs |
| Oleg Lodygensky | CTO | ESSEC Business SchoolHEC ParisHEC ParisEntrepreneuriat / études entrepreneurialesParis-Sud University (Paris XI)Doctorat, Informatique distribué | 28Yrs |
Whitepaper 
