iExec reinvents $RLC’s utility with a clear focus on creating a circular, sustainable economy

As part of its ongoing feature rollout series — dubbed ‘Tokenomics Week’ — iExec, a decentralized marketplace for buying, selling, and renting computing assets, has unveiled more developments aimed at boosting the real-world utility of its native token ‘$RLC’. Most notably, $RLC’s economics are underpinned by a fixed supply of about 86 million tokens, with no new token unlocks or inflation planned, so value must be driven by genuine usage rather than dilution. Furthermore, broadly speaking, all of the ongoing initiatives introduce a circular economic framework designed to make $RLC (the platform’s native asset) more useful for powering computing services rather than sitting idle in wallets, thus pivoting from the traditional mindset of holding tokens (that has permeated the crypto industry at large) to actively using $RLC as fuel for its privacy-focused cloud network. In this context, the message from company CEO Gilles Fedak has been clear, that moving forward iExec is going to keep increasing the utility of $RLC, with him adding: “Our latest initiatives encourage people to use RLC instead of holding it, driving a circular token economy that creates value through utility.” With such developments continuing to unfold, iExec is expanding its footing within emerging realms like decentralized physical infrastructure networks (DePIN) and AI, where trust and data confidentiality are paramount. Simplifying Web3 building using vouchers One of the most noteworthy announcements of Tokenomics Week has been the introduction of the iExec ‘Voucher system,’ a novel approach to streamlining how developers interact with the blockchain backend of the platform’s operations. To elaborate, each voucher comes preloaded with $RLC and allows developers to pay for computing resources without manually handling crypto wallets or gas fees. For developers used to wrestling with on-chain transactions, the model allows users to redeem them to run computations or deploy applications, and the blockchain interactions happen behind the scenes. iExec RLC @iEx_ec · Follow Tokenomics Announcement 2: The iExec VoucherFrom a dev’s first line of code to every time a user runs the app, $RLC circulates.This is how devs should interact with utility tokens. Watch on Twitter View replies 8:30 pm · 20 May 2025 344 Reply Copy link Read 22 replies This is how iExec intends on lowering the barrier for Web2 and enterprise developers to leverage a decentralized infrastructure by making token usage invisible yet integral to every app run. Importantly, the voucher system is tiered to support both newcomers and production-grade deployments. The first tier, called BUILD vouchers, is tailored for experimentation and onboarding. New builders can obtain BUILD vouchers at no cost, giving them a sandbox to test and develop applications on iExec without an upfront token commitment. Moreover, this free tier encourages devs to play with iExec’s tools and confidential computing environment (powered by Trusted Execution Environments, or TEEs) early on. Once projects move to real-world usage, they can transition to using EARN vouchers. The EARN tier is designed for production apps that require private, secure execution in iExec’s TEE-enabled network. By loading $RLC into EARN vouchers, developers can get predictable pricing and access to the network’s privacy-preserving computing power, while iExec handles the crypto transactions under the hood. Planting the roots for a new revenue-sharing model Perhaps the most transformative aspect of iExec’s tokenomics overhaul is the revenue-sharing loop unlocked by the voucher system. In traditional cloud platforms, spending tokens or credits is a one-way street, i.e. once an individual pays for a service, their value is gone. iExec’s approach differs from this insofar that when developers spend their $RLC (in the form of vouchers) to run their dApps, those tokens don’t just vanish. Instead, the spent $RLC is channeled back into the ecosystem, where it is redistributed as rewards to the people who make the ecosystem thrive. iExec RLC @iEx_ec · Follow Tokenomics Announcement 3: $RLC Revenue SharingBuilders use RLC. Users engage with apps. Revenue flows back through the ecosystem.This is how a circular token economy is built. Watch on Twitter View replies 8:30 pm · 21 May 2025 243 Reply Copy link Read 16 replies Both the builders and the end-users get a share of the value based on actual usage and engagement. In other words, the more an application is used, the more its developer can earn in RLC rewards, and users might be incentivized for their participation as well. This creates a feedback loop of value so that developers are motivated to build useful, privacy-preserving apps, and users are encouraged to use them, knowing their activity contributes to the economy and even rewards them in return. Aligning with a privacy-first future From the outside looking in, one can see that iExec has long been at the forefront of confidential computing and data privacy contributing to initiatives like the Linux Foundation’s Confidential Computing Consortium and pushing the envelope with advanced TEE technologies (including new TDX enclaves beyond Intel SGX). Additionally, recent collaborations with tech giants such as NVIDIA and Intel — alongside a focus on Trusted AI agents — have further indicated that iExec is aligning its token incentives with cutting-edge tech development. Simply put, the company has established a virtuous cycle where $RLC’s worth is defined by its utility in enabling privacy-preserving computing. As the Web3 and tech world watches, iExec’s move to favor “using over holding” could well serve as a template for other projects aiming to build sustainable token economies rooted in real-world use. The post iExec reinvents $RLC’s utility with a clear focus on creating a circular, sustainable economy appeared first on Invezz

Source: Invezz