iExec RLC

Halal Rating :
Comfortable
Last Price $2.0 Last updated:
Rank 374
1D Change -7.85 %
Market Cap $146.75m
Circulating supply 72,382,548
Maximum supply 86,999,785
Crypto Overview Crypto Impact

Crypto Overview

Categories
  • Marketing
  • Art
  • Marketplace
  • Platform
  • Services
  • AI & Big Data
  • Enterprise Solutions
  • Distributed Computing
  • Collectibles & NFTs
  • Content Creation
  • DeFi
  • Privacy
  • Filesharing
  • Interoperability
  • Oracles
  • Payments
  • Research
  • Scaling
  • Ethereum Ecosystem
  • Substrate
  • Polkadot
  • Storage
  • Polygon Ecosystem
  • Web3
  • Token
  • Generative AI
  • DePIN

Purpose and Utility

iExec RLC (RLC) is a decentralized cloud computing platform that allows users to monetize and rent computing resources. The platform enables developers and enterprises to execute resource-intensive computational tasks on a distributed network. RLC tokens are used to pay for computing services, reward resource providers, and facilitate governance of the platform.

Business Model Analysis

The business model focuses on creating a marketplace for computing resources, which aligns with halal principles as it involves genuine exchange of services. The platform enables fair and transparent pricing for computing power, with clear utility in scientific research, AI computations, and business applications.

Real-World Adoption

iExec has established partnerships with major technology companies including Intel and IBM. The platform is actively used for various computing tasks, particularly in the fields of AI and scientific computing. On-chain data shows consistent transaction activity related to computational resource trading.

Platform Development

The project maintains active development on GitHub, with regular updates to their core protocol and marketplace infrastructure. The team consistently releases technical updates and improvements to their computing marketplace.

Token Distribution and Governance

The token distribution appears reasonable, with no concerning concentration in founder or early investor wallets. The project maintains transparency in its operations and token economics.

Crypto Impact

To assign a comfort level investing in iExec RLC from a halal perspective we need to determine whether it has a net positive or negative impact.

Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to iExec RLC.

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