About iExec RLC?
What is iExec (RLC)?
iExec (RLC) is a decentralized cloud computing platform that allows users to rent computing power, data, and applications in a decentralized marketplace. By utilizing blockchain technology, iExec enables the creation of a marketplace where developers, data providers, and resource providers can interact and exchange computing resources. Its native token, RLC, is used to facilitate transactions within the ecosystem.
How does iExec (RLC) work?
iExec operates on the Ethereum blockchain and uses smart contracts to manage transactions between computing resource providers and users. Developers can use iExec to access decentralized cloud computing power for their applications, while resource providers can rent out their unused computing resources. The platform allows for the execution of off-chain computations, making it ideal for applications that require significant computing power. RLC tokens are used to pay for services and resources in the marketplace.
What are the potential use cases for iExec (RLC)?
iExec has a wide range of use cases, including providing decentralized computing resources for applications in artificial intelligence (AI), big data, scientific research, and more. It can be used to process large-scale computations off-chain, provide cloud computing resources to dApps, and offer data and computing services in a decentralized marketplace. Enterprises and developers can benefit from using iExec for scalable, secure, and cost-effective cloud solutions.
What is the history of iExec (RLC)?
iExec was founded in 2016 by a team of cloud computing experts, led by Gilles Fedak and Haiwu He, to solve the limitations of traditional cloud computing by leveraging blockchain technology. The platform launched its native token, RLC, through an initial coin offering (ICO) in 2017. Since then, iExec has continued to develop its platform, adding features to support decentralized computing and forming partnerships with various enterprises to expand its use cases.
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Frequently Asked Questions (FAQs)
What is the current price of iExec RLC (RLC)?
The iExec RLC price is $2.2844 AUD, representing a -1.62% from the day prior.
Where is the best place to buy iExec RLC (RLC) in Australia?
The best place to buy iExec RLC (RLC) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell iExec RLC (RLC) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of iExec RLC (RLC)?
The trading volume of iExec RLC (RLC) is $12.0M AUD in the last 24hrs, representing a -1.62% from the day prior.
How can I buy iExec RLC (RLC)?
iExec RLC (RLC) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of iExec RLC (RLC)?
The current market cap of iExec RLC (RLC) is $244.4M AUD.
Can I convert iExec RLC (RLC) to cash?
Yes - With Coinstash you can convert your iExec RLC (RLC) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many iExec RLC (RLC) are there?
The current circulating supply of iExec RLC (RLC) is 72.4M.
Is Coinstash a safe place to buy iExec RLC (RLC) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling iExec RLC (RLC) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices here.