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Cryptocurrency News Articles
iExec Announces RLC Token Buyback Initiative to Strengthen Ecosystem and Reinforce Long-Term Utility
Mar 19, 2025 at 03:08 am
iExec, the platform serving as the trust layer for DePIN and AI, has announced a strategic RLC token buyback initiative aimed at strengthening the iExec ecosystem and
Paris, France, March 18th, 2025, Chainwire
iExec, the platform serving as the trust layer for DePIN and AI, today announced a strategic RLC token buyback initiative. This initiative is designed to support the continued growth of the iExec ecosystem and the broader adoption of RLC.
The buyback of RLC tokens will also enable the iExec team to allocate the tokens for key strategic purposes, facilitating the development and expansion of the ecosystem.
It facilitates:
The RLC tokens will be allocated as follows:
“This buyback isn’t about hype, it’s about conviction. We’re reinforcing RLC’s role in the ecosystem and backing the builders shaping the future of decentralized computing,” Nathan Chiron, CRO of iExec concluded.
As iExec buys back RLC from the market and injects it into the protocol, it aims to reinforce the long-term utility, sustainability, and circulation of the token. This initiative aligns with iExec’s broader vision for the ecosystem, where RLC plays a central role in connecting and incentivizing all participants within the iExec ecosystem.
About iExec:
iExec is the trust layer for DePIN and AI. iExec enables confidential computing and trusted off-chain execution, powered by a decentralized TEE-based CPU and GPU infrastructure. Developers access developer tools and computing resources to build and monetize privacy-preserving applications across AI, DeFi, RWA, big data and more. The iExec ecosystem allows any participant to control, protect, and monetize their digital assets ranging from – computing power, personal data, and code, to AI models – all via the iExec RLC token, driving an asset-based token economy.
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