IExec Airdrop on July 20th 2018
IExec have branded the event as an opportunity for a worker to turn their computer into a chance for them to win tokens
RLC is valued at 81 Cents – Nouvive recommends taking part in the Airdrop, holding on to it to the prescribed level before selling.
What is IExec?
Exec is a marketplace for cloud computing resources. Computing power can now be traded like a commodity.
How does the airdrop work?
On iExec, you are organised in pools. During this Workerdrop, you’re invited to connect to an iExec public worker pool in order to earn RLC tokens while you contribute to the network. iExec will place several work orders on the marketplace, playing the role of dapp end-users.
How do you participate in the Airdrop?
The rules are simple: you join the iExec public worker pool and earn RLC when selected to execute a computation. The more you contribute to the network, the greater chances you have to earn RLC.
To participate, you need to launch a virtual machine provided by iExec (iExec Worker VM) where the environment is already installed and configured. To run the iExec Worker VM, the minimum hardware requirements are:
Install the iExec Worker Drop Virtual Machine (VM)
Firstly, you need to download and install VirtualBox. VirtualBox is available for Windows, OSX and Linux platforms under ‘VirtualBox 5.2.16 platform packages’
Download Virtual Box from its official website:
- Install VirtualBox
- Download the iExec Worker VM
Direct link: http://bit.ly/iExecWorker
Download mirror (Google Docs): http://bit.ly/iExecWorkerMIRROR
To import the VM, just click on iexec-worker.ova file. You will see the “Import Virtual Appliance” window. If you only have 4GB of RAM, please change the RAM to 2,048MB in this window.
Click on “Import”. The Virtual Machine will be imported after a few minutes.
Start the Virtual Machine by clicking on “Start”
For MAC users: After the installation fails once, quit VirtualBox and then go to the System Preferences > Security & Privacy. At the bottom of the window, you should see a message saying “System software from developer, ‘Oracle, America, Inc.’ was blocked from loading.”: click on “allow”
Wallet creation and import
If you don’t have a secure Ethereum account, you need to create one:
- Go to MyEtherWallet https://myetherwallet.com
- Create a wallet following MEW’s instructions
- Remember your password. You will need it later.
- Back up your wallet properly.
- You now need to download your keystore file.
- Open the downloaded wallet file with any text editor and copy its content.
- Now go to the VM and paste the file content in the encrypted-wallet.jsonfile which can be found in the “iexec” folder on the desktop in the VM.
For MAC users: If you are using hotkeys to copy and paste. You must use CMD+C to copy and CTRL+V to paste into the VM.
- Save the content of the “encrypted-wallet.json” file.
Credit your wallet with ETH
For this first Workerdrop, no staking will be needed, but you’re going to need a bit of ETH to interact with the blockchain. The setup fees are Ethereum’s gas costs to be acknowledged as a worker. At the time of writing, they are estimated at ~0.0023 ETH. It is a one time fee. The work fees is the gas required to write the result of a computation on Ethereum. For now, they are estimated at ~0.005 ETH.
You will need a little bit more than 0.0073 ETH on your wallet to participate to this first Workerdrop. Nevertheless, in order to anticipate possible gas change, we advise crediting your wallet with at least 0.2 ETH.
NB: this cost will decreased by a magnitude of 10 to 100 in the coming months, thanks to solutions addressing the scalability issues of Ethereum. State-of-the-art features will be implemented in the coming months. For now, we are focused on our core developments.
The reward per work has been set to 10 RLC. So each time your computer is selected to run a computation, your wallet will be credited with 10 RLC.
Start the iExec Worker VM
- Click on “Launch Worker” on the VM desktop.
- Enter the worker name and the wallet password (the password that was entered on myetherwallet.com)
- When the worker initialization process is complete, the worker will be started: you are now participating to the iExec Workerdrop. All you have to do is relax and earn some RLC.
Stop the iExec worker VM
To stop the iExec Worker you need to click on the “Stop Worker” icon in the VM.
Then you can choose to withdraw your RLC tokens now or do it later.
Nouvive: Home of Crypto Beginners, Traders & Investors. Nouvive provides Cryptocurrency trading news, Analysis and indicators for beginners, traders and investors.
Information on these pages contain speculative statements that involves risks and uncertainties. Crypto-Assets profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell. Nouvive does not in any way guarantee that this information is free from mistakes, errors or material misstatements. It does also not guarantee that this information is of a timely nature. Crypto-Assets involve risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing or trading are your responsibility alone. For more information, please view the Risk Warning Below.