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20433062 No.20433062 [Reply] [Original]

https://medium.com/iex-ec/rlc-token-economics-iexec-34757f4885c2

“The first thing to notice about the RLC token is that its supply is limited. All the 87 millions RLC that will ever be minted, were done so on the day of the crowd sale. And there will never be any more RLC tokens. There is no “admin access” to the RLC ERC20 smart contract, meaning the total supply is written in stone, and can never change. This is different from the ETH token, which has a total supply that grows everyday as a result of the mining mechanism, which is itself subject to changes (forks, governance).
Another point worth mentioning is the high percentage of circulating supply: Apart from the contingency that is being locked indefinitely (less than 8%), all the other tokens are free to change hands. Even if you add to this the portion of tokens that the project holds, that’s still ~80% of “free to circulate” supply, in contrast with other projects who sometimes only sold a third of the total supply. Having most of the supply freely circulating makes the future a whole lot more predictable, which benefits the tokenomics model.“

>> No.20433108

>>20433062
Yep. Methanon is some sort of fucking alien to decipher the meaning behind iexec.
Imagine not believing any of this and not owning at least 10k RLC

>> No.20433128

>>20433108
literally not everyone can own that much. Currently only like 500 people own at least that much.

>> No.20433144

>>20433128
That's the point anon... it's digital oil
big companies will NEED US TO SELL, and we wont until 11.490.

>> No.20433155

>>20433108
The supply is going to run out soon. Boomer and institutional money is happening. I literally have older coworkers who have started crypto trading (liquidating their stonks to do crypto trading) due to all of this Twitter/LINK media frenzy.

>> No.20433157

>>20433108
yes
he is the biggest needful of the sirs
he speak in the capslock, which make him truth
first we had the v2 moon, then the v3 moon, then the v4 moon, and now will be the v5 moon upon us because this is digital oil!!!!

>> No.20433163

>>20433128
Where can we see these charts?

>> No.20433169
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20433169

feeling cozy at 4800
planning to retire next year
only regret is not buying more

>> No.20433175

when Coinbase?

>> No.20433190

>>20433144
11,000 or $11? Where is this figure coming from? Is it due to the limited supply?

>> No.20433202
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20433202

>>20433144
She won't even look at norlc fags

>> No.20433206

>>20433163
https://etherscan.io/token/0x607F4C5BB672230e8672085532f7e901544a7375#balances

>> No.20433223

>>20433190
11,490$ is based on the idea that LINK1000$ is about 1T marketcap and RLC is 11.49x smaller in supply (with more use cases since RLC is oracles AND computing AND data AND robots AND AI, all things digital) that it can easily go to 11,490$ based on a 900b marketcap

>> No.20433227

It's digital oil because decentralized processing power is the digital equivalent of oil. It's also scarce, but functionally it's the backbone of all future decentralized computation.

It's also scarce, but that kinda goes without saying.

>> No.20433231

>>20433062
> 870 suicide stack
> thinking of going 40/40/20 Link/RLC/BTC
> They have a nice professional team
> Decentralizing computing resources for things like AI research seems like a winner
> when moon?

>> No.20433293
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20433293

>>20433231
im thinking you should be all in rlc if you dont want to cry later