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20571703 No.20571703 [Reply] [Original]

If only you knew how big this will be...

>> No.20571736
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20571736

>>20571703
>iExec(i Execute)
The world's first decentralized marketplace for cloud computing and data renting. Basically a world computer.
>RLC(Runs on Lots of Computers)
The token that is required for all services on the marketplace, including staking as a worker.
>Workers
Computers Stake RLC(incase they fail the job or act bad they lose it then),and perform the requested job.
>Tokenomics
https://medium.com/iex-ec/rlc-token-economics-iexec-34757f4885c2
>Algorithm: Proof of Contribution
https://medium.com/iex-ec/poco-series-3-poco-protocole-update-a2c8f8f30126

ERC-20
Max supply- 87M
Circulating-81M(much lower, Binance supposedly only has 20M or so left)
Team owns about 10-12% of the coins.
Current price: $1.47
Marketcap:121M

>> No.20571778
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20571778

>>20571736
RLC is DIGITAL OIL because it's a limited resource(like oil) that allows anyone anywhere to either contribute to the decentralized world computer or to gain from it.
Much like how oil powers vehicles, machines, production and more, DIGITAL OIL powers computations, data renting, ai, machine learning, rendering, and more.

Without oil, there is no cars, no boats, no plastic, no anything.
Without DIGITAL OIL, there is no decentralized computations, data, ai, machine learning, rendering, etc.

Now, some of you might be asking, why do we need decentralized cloud and data?
The reason is simply a by-product of decentralization.
Increased security, privacy, new technologies, and lower costs.
Also, I wouldn't want a centralized AI/robot. Scary to me.

But anon, how does it lower costs?
Decentralization of cloud/data lowers the cost because anyone can contribute to the network. From Google to Ranjesh in Mumbai with a gaming PC(and eventually any device). They can all contribute, and in an open market scenario, competition is going to be wild. On top of that, big cloud companies can potentially use iExec in the backend while they still upcharge customers on the front end. They may also be able to downsize their datacenters to save even more and just act as a middleman.

Here's the kicker. If cloud/tech giants don't adopt this technology they will be made obsolete by being out-priced with the unique features of iExec on top. Therefore, they must adopt iExec by connecting their datacenters to it.

>> No.20571867
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20571867

>>20571778
Their team is literally 5 CompSci PhD's who have been developing grid computing, parallel computing, and the next iteration of the cloud for 20 years. There isn't a better team in all of crypto.

>> No.20571968

Based team. Unironically has a shot at 100x.