RLC (iExec) as Large-cap Token is 92nd in the 2100NEWS ranking. The quality of the order book of RLC is Poor. The average quality of the order book for large caps members of the NWSL100 index is 16.6. What is the true value criterion in the crypto world?
*Among all, the price is always at the forefront. By comparing with the index, we can gauge the price-performance with similar digital assets that are members of the index. Considering an investor’s point of view, peer comparison should be efficient and effective. We present you tokens that are worth keeping in mind.
RLC has been launched in 22 exchanges. Through ICO in April 2017, iExec raised $12.1 million. RLC stands for “Run on Lots of Computers”. RLC is a cryptocurrency that provides standard and secure payments.
iExec as Large-cap Ethereum based Token is 92nd in 2100NEWS ranking (after Index Review of 28th August 2020). It is an Index member: NWST1100, NWSL100, NWSTo100, NWSET100.
2100NEWS DA Orderbook Quality Evaluation Grade: Poor, Score: 10.4, (Average for Large caps: 16.6)
Over the past week, the average market cap was $86.7 million, average daily volume was $4.2 million.
In this section, we will examine how the market, with price changes, evaluates project progress. It seems important to us if the project is outside of the usual tide of crypto project prices. In order to make an appropriate peer comparison, we gauged the RLC (iExec) with 2100NEWS Digital Assets 100 Large Cap Index (NWSL100). On average (violet area chart), the relationship between RLC to NWSL100 has shown that it was in fact coordinated movement with small deviations. Over the last four months, NWSL100 has outperformed it by 17%. However, if we compare the RLC green area graph with the orange index area graph while observing the correlation graph, the correlation graph gives us an explanation that the correlation is very strong (Pearsons correlation coefficient = 0.89). For 93% of the time, it was moving in the same direction as the NWSL100. So, it has been a good representative of the NWSL100 index in terms of price changes.
*The chart below shows the RLC compared to NWSL100 at the top, the box in the middle of the chart shows the original RLC price, and at the bottom of the chart we see NWSL100 and the correlation between RLC and NWSL100.
According to Etherscan, there are 17,853 token holders (at the time of this article’s writing).
In July iExec announced that it has joined in the Google Confidential Computing Program and have been working on the project since the alpha release. iExec will offer expertise in the context of confidential computing with blockchain, and will present work and use cases alongside Google in the near future. They meet the set goals in the plan and update it on an ongoing basis. They support and proudly present to the public individual developers who use their tools to develop applications. iExec makes sure the community is well informed and educated. They achieve this through frequent posts and comments on social networks. iExec has 33.1K followers at Twitter.
About iExec – what they do
iExec has developed the first decentralized marketplace for cloud computing resources. Blockchain is used to organize a market network where users can monetize their computing power, applications, and datasets. By providing on-demand access to cloud computing resources, iExec supports compute-intensive applications in fields such as AI, big data, healthcare, rendering, or FinTech. Anyone can be rewarded in RLC tokens for contributing resources to the network.
iExec leverages a set of research technologies that have been developed at the INRIA and CNRS research institutes in the field of Desktop Grid computing. The idea of Desktop Grid (aka. Volunteer Computing) is to collect the computer resources that are underutilized on the Internet to execute very large parallel applications at the fraction of the cost of a traditional supercomputer.
iExec relies on XtremWeb-HEP, a mature, solid, and open-source Desktop Grid software which implements all the needed features: fault-tolerance, multi-applications, multi-users, hybrid public/private infrastructure, deployment of virtual images, data management, security and accountability, and many more.
iExec developed a Proof-of-Contribution (PoCo) protocol – a consensus algorithm that guarantees protection against Byzantine workers (who could provide bad results to penalize users) and users (who could argue against legitimate work performed by legitimate workers). PoCo ensures trust between all participants on the iExec Marketplace. It ensures a high level of trust and traceability. It allows users to trust the results computed by an external actor, who is incentivised by making an income for their contribution.
iExec is based in Lyon, France. The core iExec team is composed of seasoned scientists, who have been joined by outstanding hackers and top-notch marketers. The executive team is made up of Gilles Fedak, Ph.D. (CEO, Co-Founder, Researcher in parallel and distributed systems), Haiwu He, Ph.D. (Co-Founder, Head of Asian-Pacific Region), Oleg Lodygensky PhD (CTO, Research-engineer, expert in ditributed computing) and Jean-Charles Cabelguen PhD (Chief Innovation & Adoption, Go-to-market strategies and international marketing).
Exchanges: 1inch Exchange, ATOMARS, Balancer, Bancor Network, Binance, Bitfinex, Bitribe, Bittrex, BKEX, CoinDCX, Fatbtc, Gate.io, HitBTC, IDEX, Kyber Network, Livecoin, Nash Exchange, Uniswap (V2), Upbit, VALR, VCC Exchange, ZG.com.
You can follow them: Github Medium Twitter
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The Crypto Highlights are considered the opinion of 2100NEWS and the material is for informational purposes only and 2100NEWS is not soliciting any action based upon such material. The material is not to be construed as an offer or a recommendation to buy or sell a security nor is it to be construed as investment advice. At the time of this article’s writing, the author did not hold any tokens RLC.