On the 14th of October 2020, iExec obtained a Visa from the ‘Autorité des marchés financial. (The French equivalent of the SEC) for its new enterprise marketplace token swap offering, allowing enterprises to exchange cloud resources in a regulated and compliant environment. The enterprise adoption facilitated by the AMF visa will directly benefit the iExec RLC token economics.
iExec is the first to develop a decentralized marketplace exchanging for cloud computing resources. Co-owned by Gilles Fedak and Haiwu He.
The need for an Enterprise marketplace
Looking at the problems companies benefiting from the blockchain innovation encounter. Anti-money laundering and countering the finance of terrorism (CFT) laws need enterprises to verify the identity, suitability, and risks associated with stakeholders.
How to swap RLC to eRLC?
RLC is an iExect token with a market capitalization of 66,093,221, and is predicted to hit a 70billion market cap soon. A chunk of people with FUD predict bearishly, but people holding the token have refused to sell, hoping it will hit $1000 soon.
People holding RLC can swap to eRLC from February 1st, 2021. 1RLC is equal to 1eRLC. eRLC holders can as well swap to RLC.
The purpose of eRLC token (Enterprise RLC) will be to facilitate the payment of products sold on the iExec enterprise marketplace. And maintain a strong level of compliance regarding, know your customer (KYC), know your business (KYB), and Anti-money laundering (AML) laws.
There is little to no FUD in these tokens, but you need to do your research if you think you want to participate in this project. The iExec tokens RLC and eRLC are very catchy. And the enterprise token sale will make the price skyrocket, so if you hold any of these tokens, my advice, keep holding them and don’t sell, ignore this at your peril.