I just did the fucking math guys. I looked up where all of the rest of the digital oil is being stored in the world and it comes down to a few exchanges. Binance has the most, and then there are a few other exchanges totaling up to AROUND 25 MILLION RLC.
Now just because binance has 15 million on a single wallet doesn't mean binance actually has 15 million, those 15 million could be owned by individuals already(from what I understand they use a hot wallet to hold your crypto)
So what this is telling me is that there COULD BE SIGNIFICANTLY LESS THAN 25 MILLION RLC AVAILABLE.
Is that why the order books only show less than 1 million RLC on the sell side? I have never seen more than 1 million RLC on the sell side.
If there were 25M RLC left, that would mean only 28,735 people could own 870 barrels.
BUT THERE'S FAR LESS THAN 25M
Meaning, if you hold 870 or more RIGHT NOW you are going to be a top 1% holder in a few years, and also a millionaire.
To explain a bit more, think of BITCOIN. There are only about 16M BTC remaining in the world from what I understand.
RLC HAS COMPARABLE SCARCITY WITH INFINITELY LARGER POTENTIAL USE CASES
Jace White
Also another interesting tidbit of info
RLC had around 3500 wallets in 2017 and now there IS ALMOST 18.5K WALLETS
If 18.5k wallets have an average of 870 RLC that is 16,000,000 RLC!!!!!!!!!!!!!!!!!!
Ryan Fisher
What's gonna give this the "push" from 1 dollar stable coin to like say 100 dollars? Curious, not fudding or anything
Nolan Bailey
I have no idea but if the supply keeps getting eaten up I think it's inevitable. Coinbase listing will send it 50x imo
Jack Wood
This. Why would it moon? I own RLC btw
Cameron Moore
If coinbase lists it. Which we don't know yet. It'll jump up to at least 50 based on the supply. But it'll take some time because people holding since 2017 will want some money. It pretty risky but well see.
David Miller
>and also a millionaire. That would mean a market cap of $28,000,000,000. Dream on moonboy.
Dominic Turner
A literal shitcoin (XRP) went to 180b marketcap
Levi Martinez
>He doesn't know the addressable market for cloud computing already exceeds $400bn annually >He doesn't know this is projected to grow to $1 trillion in the next 5 years.
What marketshare would iExec be required to capture for the protocol to be valued 1:1 per dollar earned (an insanely low valuation for any company)?
It's extremely conservative when you consider the grand scale of things iExec does and also the fact that these multi-trillion dollar corporations are going to be using it at some point
Cooper Campbell
>if these incredibly unlikely things happen, my shitcoin will be worth a gazillion dollars Just proving my point really.
Brandon Ortiz
Of course.
Considering a 1:1 annual revenue to stock price is conservative.
Considering they capture less than 5% market share is conservative
Even the projected addressable market value is conservative and will only continue to grow.
There are a few generation-defining investment opportunities available in crypto and iExec represents one of them.
Do you know that the transaction fee that is paid in Injective Protocol is used as a reward for relayers for driving liquidity to the protocol and they are also used to serve as auction collateral for a "buyback and burn" process
>I would never get into smth that IS NOT deflationary in nature. Hey retard, RLC is actually deflationary in nature, as the network grows, the need to stake RLC grows, and thus the market-available RLC shrinks. Imagine 100 million computers staking 5RLC per, you can imagine why this is going to eventually be worth tens of thousands. The digital future computing marketplace will grow so large you'll probably kill yourself for not having at least 870
>exclusive partnership This is how I know you're a fudding retard. Stay poor
Jackson Foster
Yeah I am fudding, because I'm an honorable guy and don't want to see anyone lose money on this shitcoin.
Benjamin Roberts
>Stay poor It's a piece of garbage that has contributed nothing to this space, even as DeFi takes off and revolutionary projects like Aave and Uniswap are being born. It has produced literally NOTHING despite being around for years now. As far as I can tell the project is centralized, it went down for maintenance prior to the new version. So why the fuck does it even have a cryptocurrency associated with it? Why not just charge people in ETH? How is a pre-printed piece of shit that has no notable functionality anything like oil, a scarce commodity? And another problem, smartcontracts are public. Tou really think movie makers and big companies will render their movies and shit on iExec where the information can be intercepted? It's fucking useless DIGITAL DOG SHIT.
Michael Cook
Go off king
Leo Campbell
>I care about people on an anonymous mongolian basket board Cringe fud, debunked
Nicholas Allen
What happens if a big company wants to adopt iExec and needs to buy millions worth of RLC but nobody us selling?
Kevin Howard
That's the thing user, if no one sells at certain levels, then the price will moon outlandishly.
If most holders agree "this is digital oil and it allows me to utilize a world computer, thus the price must be something very high", then the big company will need to set buy orders higher and higher until people fill them.
