The Best Press Release Distribution Service To Gain Exposure Within Budget

HomeBusiness Press ReleasesCelebrating the First...

Celebrating the First Anniversary of iExec’s ICO

Celebrating the First Anniversary of iExec's ICO

On April 19, 2017, French-Chinese company, iExec, successfully closed a record breaking crowdsale of its cryptocurrency. iExec offer a new blockchain based solution to decentralized Cloud Computing. One year later, we are presented with the opportunity to look back and make an assessment of the project’s development since this initial fundraiser and look forward to what we will see next from iExec.

Firstly, what is iExec?

iExec is developing a decentralized marketplace network that will connect application developers in need computing power to resource providers. The iExec network will be a free marketplace, developed on top the Ethereum blockchain where ‘smart contracts’ allow for trading computing resources with the highest level of transparency, resiliency and security. Currently, iExec employs around 20 people and the team is gradually strengthening, being made up of world-class blockchain hackers, business developers and marketing specialists.

iExec’s unique selling point is the innovation of their consensus protocol named “Proof Of Contribution” or ‘PoCo’ that is essential for a fair and decentralized infrastructure.

A record breaking ICO

In just 3 hours, iExec achieved its original target of raising 10,000 Bitcoin ($12 million) from investors around the world. At the time, it was the 5th largest cryptocurrency fundraiser to date. Participating investors then held ‘RLC’ tokens. RLC is a utility token that will be used to access the resources of its market network. It is the unique method of payment between application providers, server providers and data providers. The RLC tokens were distributed in limited supply, so investors can hope to see an increase in the value of their holdings when demand for RLC increases as the marketplace grows with an increasing number of transactions, registered apps and active users. iExec is listed in various cryptocurrency exchanges globally. The token can be traded in exchange for fiat (state-issued) currency or a variety of other digital currencies such as Bitcoin or Ether.

The founders of the company were also invited by IBM to present the project at the latest edition of IBM Think in Las Vegas.

V.2 Launch and Ubisoft Partnership

iExec V.1 saw the release of the ‘Dapp’ store, a listing of decentralized applications that can execute their computations using providers on the network. This release also included a software development kit allowed for developers to build their decentralized applications to be able to run on top of iExec. The Dapp store features applications that can execute computational tasks on iExec’s network such as Signals, Request, Flixxo or Shopin. iExec held the ‘Dapp Challenge’, a contest in which the most innovative developments would be featured in the Dapp store and awarded $150,000 to fund their projects. iExec have also signed partnership deals with server providers Cloud&Heat and Stimergy, who’s green approach reuses heat produced by servers to heat water for homes.

iExec is also proud to be taking part in Ubisoft’s acceleration program, where the project can benefit from the experience and insights of one of the world’s leading video game companies.
The upcoming release of iExec V.2, the full market network was announced by iExec co-founder and CEO, Gilles Fedak and is available to view on the iExec website.

Media Contact
Company Name: IExec
Contact Person: Media Manager
Email: Send Email
Country: France
Website: https://iex.ec

 
spot_img
spot_img
spot_img

Continue reading

Fan hired by local football club after showing them his video game skills, now gets his team a sponsor

The U-21 team with their new sponsor! A 22-year-old Football Manager (Pavlovic) expert has been given a job at a second division Serbian club after he sent them his achievements from the computer game. He now has managed to get...

TruFit Commits to Community Health & Wellness With New Year Boot Camp Charity Drive

TruFit Athletic Clubs is hosting free weekend boot camps throughout January 2020 to inspire participants to Tru>ly Commit to their goals and make an impact in their local community.   100% of profits donated by participants of the Tru>COMMIT program will...

Laughing with GRIFF Comes to New Orleans A Night Not To Be Missed

A Big Night is set to take place at the Algiers Auditorium Sunday January 19, 2020 with Laughing With Griff. Tickets are available now, and this is a night not to be missed.   New Orleans, La ( December 10, 2020)...

Thank You! Your Press Release is submitted

Sign In

Register

Reset Password

Please enter your username or email address, you will receive a link to create a new password via email.