- What is iExec RLC (rlc) and what is it used for?
- iExec RLC (rlc) is the native token of the iExec decentralized cloud computing platform. It enables on-demand access to off-chain computing resources and services within the iExec ecosystem. Users can pay for computation, storage, and data processing using rlc, while providers earn rlc for offering their computing power. The token also supports governance-like features, staking in some deployments, and utilization within applications that need verifiable off-chain computation or data marketplaces. If you’re looking to leverage or host compute jobs, rlc is the unit of exchange and incentive within the network.
- How does the price and supply data look for iExec RLC right now?
- As of the latest data, iExec RLC trades around $0.576 per token with a 24-hour price change of about -2.97%. The circulating supply is approximately 72.38 million rlc out of a max supply near 87.00 million. These figures are subject to market movements and token burns or releases in future protocol updates. When evaluating investment potential, consider price volatility, total supply cap, and how demand for decentralized compute might evolve with enterprise adoption and new use cases in AI, data markets, and cloud alternatives.
- Where can I buy or store iExec RLC, and what wallets support it?
- rlc is available on major cryptocurrency exchanges that list the token. You can purchase it with fiat or other crypto depending on the platform. For storage, use wallets that support ERC-20 tokens (since rlc operates on Ethereum) such as MetaMask, Trust Wallet, Ledger (hardware wallet), or other compatible wallets. When transferring, double-check the recipient address, network compatibility (mainnet Ethereum), and fees. For enhanced security, consider hardware wallets especially if you’re holding a significant amount of rlc over the long term.
- What are the main use cases and recent developments for iExec RLC?
- Key use cases for rlc include paying for off-chain compute services, participating in data marketplaces, and enabling developers to monetize compute resources. iExec focuses on trusted, verifiable off-chain computation, which complements on-chain workflows by providing scalable and privacy-preserving compute. Recent developments typically involve expanding enterprise collaborations, improving data provenance and security, and expanding the ecosystem with new applications in AI model training, data processing, and cloud-like services. Always check the latest project updates and roadmap for new features, partnerships, and protocol upgrades.
- Is iExec RLC a good fit for institutional or enterprise use, and what should I consider before investing?
- iExec RLC aims to address enterprise needs for scalable, verifiable off-chain computation and data services. For institutions, the platform can reduce reliance on centralized cloud providers by enabling distributed resource marketplaces. Before investing, assess market demand for decentralized compute, competition from other layer-2 or cloud-native solutions, and the project’s ability to secure governance and compliance with data handling standards. Consider the tokenomics—max supply around 87 million and current circulating supply—along with liquidity, exchange coverage, and the health of partnerships or enterprise pilots. Diversify your research with the latest statements from the iExec team and independent analyses.
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