Sup Zig Forums, long time RLC accumulator here. I decided I wanted to help you understand the situation with the ever decreasing available supply, and the ramifications of not accumulating some. First off, disclaimer, I have over 80k RLC and 20k LINK. No other altcoins matter to me. Besides that, let's move onto the supply.
Lets get the basics out of the way. Max: 87M Circ: 81M The team only owns about 10-15% of all coins. I assume some of these coins will be used to onboard tech giants. The team is extremely wealthy from the ICO as well, raising about 10,000BTC and 173,886 ETH. In 2017 it was the 6th largest ICO in history. That's why 66666 is RLC gets.
In total 86,999,784 RLC have been issued and distributed to 1100 contributors. I am sure that a lot of these coins have been distrubuted since, as RLC has been down for quite some time and people capitulated.
Now let's talk about Binance wallets. Many users keep their RLC on binance, around 22% of all RLC is on binance. That means that most 78% of all RLC is held within user wallets, leaving only 22% of 81M up for grabs. Roughly 17.82M are up for grabs. Let that sink in. Around the same number of BTC are eventually up for grabs too. It's an interesting thought. Additionally, Bittrex non-US has about 3M or 1.3% and supposedly Kyberswap is running low.
Other interesting thoughts are that most of the top 50 whales, specifically the biggest(around 3M), haven't moved their RLC for a very long time. If we check this picture, we can see that a whale or some entities took around 8,000,888 of RLC off of binance.
So what does all of this mean? >Is RLC really a valuable scarce asset considered as digital oil? >Are whales holding, accumulating and supressing while RLC is unknown to most? >Are exchanges running somewhat low on supply? >Is iExec eventually going to be the world computer? >Is RLC undervalued? >Is it going to experience a supply shock pump eventually? >Will an American exchange listing like Coinbase make it pump hard? The answer to all of these questions is yes. I'm not really bothered by the price movements, yea it sucks to see such a great project with a technically genius team not in the top 10, but that's just how crypto is right now. I think things will change very soon as more projects are exposed as being weak in comparison to others. Microsoft and Google being even slightly somewhat interested in iExec is very telling to me that things are going to happen this year.
I wouldn't even take the slight chance on missing out on this one Zig Forums. I'll probably post this earlier tomorrow for more to see.
[e ture, we can see that a whale or some entities took around 8,000,888 of RLC off of binance. >So what does all of this mean? >>Is RLC really a valuable scarce asset considered as digital oil? >>Are whales holding, accumulating and supressing while RLC is unknown to most? >>Are exchanges running somewhat low on supply? >>Is iExec eventually going to be the world computer? >>Is RLC undervalued? >>Is it going to experience a supply shock pump eventually? >>Will an American exchange listing like Coinbase make it pump hard? >The answer to all of these questions is yes. >I'm not really bothered by the price movements, yea it sucks to see such a great project with a technically genius team not in the top 10, but that's just how crypto is right now. >I think things will change very soon as more projects are exposed as being weak in comparison to others. >Microsoft and Google being even slightly somewhat interested in iExec is very telling to me that things are going to happen this year. >I wouldn't even take the slight chance on missing out on this one Zig Forums. I'll probably post this earlier tomorrow for more to see. >[Post a Reply][Return] [Catalog] [Top] 1 / 1 / 1 / 2[Update] [Auto] >Delete Post: [File Only] Style: >[a / c / g / k / m / o / p / v / vg / vr / w] [vip / qa] [cm / lgbt] [3 / adv / an / asp / biz / cgl / ck / co / diy / fa / fit / gd / his / int / jp / lit / mlp / mu / n / news / out / po / qst / sci / sp / tg / toy / trv / tv / vp / wsg / wsr / x] [Edit][Settings] [Search] [Mobile] [Home] >All trademarks and copyrights on this page are owned by their respective parties. Images uploaded are the responsibility of the Poster. Comments are owned by the Poster. >About • Feedback • Legal • Contact >Reply to Thread No.20604095
I think the digital oil meme is funny but cringe when taken too seriously. It's a meme. The reason I have 15k into this is because the legitimacy of the project, size/caliber of the team, and the connections they've quietly formed over the last few years.
Gavin Brooks
I'm completely fine with it stabilizing around here or even a dollar. For the past few years it could only hit around 80 cents before plummeting back down. We have already built up a fair bit of support. I knew the rise to 1.90 was euphoric unfortunately I didn't make any moves to capitalise but regardless it's clear the visibility on this project is increasing.
It's not a meme. RLC is digital oil because much like how oil powers machines and production, so does RLC. Without oil there is no machines/production and without digital oil there is no digital production/computations. Quite simple really.
Does RLC have anything that can beat Chainlink? Chainlink just recently got a Tmobile partnership.
Adam Brooks
the memes only hold back this project honestly. At least we'll get some recognition and appeal to authority this year.
Dominic Phillips
It's actually because of a mass influx of initial interest. It is only going to get more interest now.
Cooper Jenkins
If all you care about is partnerships I don't know what to tell you but they are partnered with some huge multi-billion dollar companies like IBM, Intel, Ubisoft, EDF, Alibaba Cloud and some others.
Tech wise? I think iExec has a more complete tech stack but LINK will probably be the standard for oracles, which is why I hold both.
Chase Williams
I personally think the memes will evolve over time. The digital oil meme is the best meme they have come up with and I've seen a lot of shitty ones. At least iExec has some sort of identity now, plus the meme is 100% real shit.
If you don't understand the digital oil meme just refer to my explanation
Kayden Martin
but its a pump and dump
Juan Diaz
>regardless it's clear the visibility on this project is increasing. how do we get coinbase's attention?
This. This month was huge for iExec, a lot of conferences, customers and partnerships. People are talking shit about Dropbox but it's big, beside LINK nobody here can tell a single coin which is working with someone like Dropbox.
Charles Young
The dropbox/ipfs thing is unironically a big deal. It shows that iExec has extreme capabilities.
It doesn't need to beat Chainlink. They're going to work together beautifully fulfilling offchain demands among other things iExec does have SGX/TEE doracles though
