This comprehensive guide is tailored to assist you in add iExec RLC to Trust Wallet, the native token of the iExec blockchain-based decentralized computing platform, to Trust Wallet. Trust Wallet, known for its robust support for a myriad of cryptocurrencies including ERC-20 tokens, provides a secure environment for storing, managing, and engaging with your iExec RLC tokens. By following these detailed instructions, you will ensure that iExec RLC is successfully integrated into your Trust Wallet.
What Is iExec RLC?
Before we proceed with the addition process, let’s delve into what iExec RLC is. iExec offers a decentralized marketplace for cloud computing resources, enabling users to rent computing power, servers, and data centers. The platform’s native token, RLC, is utilized for transactions within the iExec ecosystem, allowing users to pay for computing resources or to be rewarded for providing them. This facilitates a decentralized cloud computing environment that aims to provide scalable, secure, and easy-access computing resources.
How To Add iExec RLC to Trust Wallet
Step 1: Install and Configure Trust Wallet
Your first action is to install Trust Wallet on your mobile device. Trust Wallet can be downloaded from both iOS and Android platforms’ respective app stores. After downloading, follow the on-screen instructions to either set up a new wallet or import an existing one. It’s crucial to securely note down your recovery phrase as it’s the only means to recover your wallet if needed.
Step 2: Utilize the Wallet’s ‘Receive’ Function
To receive iExec RLC tokens, you’ll need to find your wallet’s receiving address. Open Trust Wallet, tap on the “Receive” button, and search for Ethereum, since iExec RLC is an ERC-20 token. Copy the Ethereum receiving address as you will use this to receive RLC tokens.
Step 3: Locate iExec RLC
iExec RLC might not be automatically visible in your Trust Wallet’s token list. To locate it, tap on the top-right icon and search for “iExec RLC” or “RLC.” If the token is listed, you can enable it to show in your wallet. If it’s not, you’ll need to manually add it as detailed in the next step.
Step 4: Manual Addition of iExec RLC (If Required)
Should iExec RLC not be listed:
- Tap on “Add Custom Token.”
- Ensure the network is set to Ethereum, given that RLC is an ERC-20 token.
- Enter the contract address for iExec RLC. This information can be obtained from the official iExec website or reputable crypto asset tracking platforms.
- Fill in “iExec RLC” for the name, “RLC” for the symbol, and set the decimals as per the token specifications (usually 18). Following these steps will add iExec RLC to your Trust Wallet.
Step 5: Acquiring iExec RLC Tokens
You can acquire RLC tokens by purchasing them on a cryptocurrency exchange that lists them. After purchasing, withdraw your RLC tokens to the Ethereum address in your Trust Wallet. Make sure to use ERC-20 as the transfer network to ensure the successful transfer of your tokens.
Step 6: iExec RLC Tokens Management
With iExec RLC tokens in your Trust Wallet, you can now manage them directly within the app. Trust Wallet enables you to view your RLC balance, send tokens to other addresses, and utilize RLC for transactions and trades on decentralized exchanges (DEXs) or within the iExec ecosystem.
Can I Add iExec RLC to Trust Wallet?
Yes, adding iExec RLC to Trust Wallet is straightforward following the outlined steps. Trust Wallet’s extensive support for ERC-20 tokens, including RLC, makes it an ideal platform for securely managing your iExec RLC tokens.
About iExec RLC
iExec is pioneering the field of decentralized cloud computing, leveraging blockchain technology to create a secure, transparent, and accessible marketplace for computing resources. The RLC token underpins this ecosystem, enabling transactions, rewards, and governance within the iExec platform.
Conclusion
Adding iExec RLC to Trust Wallet is a simple and effective way to securely manage your tokens. Whether you’re participating in the iExec marketplace, holding RLC as an investment, or using it for transactions, Trust Wallet provides a convenient and secure platform for all your digital asset needs. As with any cryptocurrency transactions, always ensure to follow best practices for security and conduct thorough research when engaging in the crypto space.