Why I sold all my Golem tokens for iEx.ec
My confidence in iEx.ec continues to rise. As a result I have sold 100% of my Golem tokens to buy iEx.ec and below in this post I will explain some of my reasoning behind my decision.
IEx.ec so far in my opinion is doing everything right. They have a dream team of developers who are top researchers with doctorate degrees in the specific areas of research necessary for distributed cloud computing. They have an excellent middleware with code already written called XtremWeb-Hep. This middleware is well made and in my estimation will reduce development time to 3 months minus any time spent testing. So from this we know they have the expertise, the code, but of course business is more than just having the code.
iEx.ec has relationships and a great board of advisors and partners. A list of the advisors and partners are below:
- Genesis Mining - Marco Streng, founder and CEO, Genesis Mining.
- Business Advisor: Aurélien Menant, founder and CEO, Gatecoin
- Business Advisor: Han Feng, President, Digital Assets Coalition of Asia (DACA)
- Financial Support: HyperChain Capital, Fintech Blockchain Group (FBG), Wanxiang Blockchain Lab
- Industry Partner: Christophe Perron, CEO, Stimergy
- Academic Partner: CAS, Chinese Academy of Sciences
- Academic Partner: CNRS, French National Research Center
- Academic partner: INRIA, French National Institute of Computer and Automation
- Legal Advisor: Simon Polrot, Lawyer, Fieldfisher
- Investment Platform: ICO365, imtoken, ICOAge
- Security Advisor: Open Zeppelin
(as of April 10 2017)
Conclusion
I am impressed by the number and quality of relationships iEx.ec has built over such a short period of time prior to launch of a product. Organizations and even individuals do not make wise decisions all by themselves and it's the quality of their team of advisors which can indicate the quality of decisions they can make in the future. I am impressed by the team they have assembled, the decisions they have made so far, even their budgeting looks excellent:
ETH Addresses:
source: medium.com/iex-ec/iexec-crowdsale-results-and-kickoff-budget-a1104e4f16e7
Vesting Periods:
source: medium.com/iex-ec/iexec-crowdsale-results-and-kickoff-budget-a1104e4f16e7
In addition their design looks excellent and as you see it can easily scale because computation is done off chain.
The price of RLC is under $1 which in my opinion will not last for very long once people understand what they are going to do.
References
- https://medium.com/iex-ec/iex-ec-announces-high-profile-board-of-advisors-c2654ad44d80
- https://github.com/lodygens/xtremweb-hep?files=1
- https://medium.com/iex-ec/iex-ec-edcon-0-ten-steps-to-understand-the-technology-behind-the-ethereum-decentralized-cloud-d1f4ba233643
Anyone looking to buy the RLC token (iEx.ec token) can find them at Bittrex.
https://bittrex.com/Market/Index?MarketName=BTC-RLC
Just follow @craig-grant video instructions on how to buy.
