What is Render Token (RNDR)? Everything you need to know about RNDR

Render Token (RNDR) is a token developed by the Render project, a cloud data platform built on blockchain technology.

To better understand Render Token (RNDR) and information related to the project, please follow the content of the article below by AZcoin!

What is Render Token (RNDR)?

What is Render Token (RNDR)?
What is Render Token (RNDR)?

Render Token (RNDR) is a utility token built on the Ethereum platform, used to provide access and payment for services on the Render Network. Render Network is a distributed network that allows content creators and studios to leverage the processing power of personal computers to produce high-quality 3D content and videos, thereby fostering the growth of the digital creative industry.

Who is the creator of Render token?

Render Token is a product of OTOY, a company specializing in GPU software solutions. Founded in 2009, OTOY addresses the disparity between the demand for 3D rendering and the current processing capabilities of CPUs/GPUs. The Render project emerged as an advanced solution to this issue.

Jules Urbach, co-founder of OTOY, has over 25 years of experience in computer graphics and 3D rendering. He has developed effective strategies to revolutionize 3D rendering technology and shape the company’s technological roadmap.

The Render ecosystem is supported by a team of professional advisors with extensive experience in blockchain technology, including experts from the film and animation industries and entrepreneurs in the cryptocurrency field.

How does Render Token (RNDR) work?

How does Render Token (RNDR) work?
How does Render Token (RNDR) work?

The Render Network operates on a computer resource-sharing model, consisting of two types of participants: providers and users of resources.

Providers are individuals or businesses that own high-performance computers, while users are content creators and studios that need resources to render 3D content and videos.

To become a resource provider, you need to own RNDR tokens to access the network. Then, install the Render Network software on your computer, allowing it to connect and provide resources when requested.

Users send rendering requests to the network, and the connected computers participate in the rendering process. Upon completion, users pay the resource providers with RNDR tokens.

Highlights of the Render project

Some prominent features of the Render Token project include:

  • Render Token is built on the Ethereum blockchain, providing high security and good interoperability.
  • The Render Network enhances users’ work efficiency with its powerful GPU capabilities.
  • The Render Network connects various participants to support 2D and 3D image rendering.
  • Users can earn money from personal GPU rendering thanks to the high processing speed and flexible programming capabilities of Render.
  • Render not only utilizes GPUs for image processing but also extends to fields such as gaming, video, dApps, medicine, AR/VR, and many other areas.

Basic information of Render Token (RNDR)

Basic information of Render Token (RNDR)
Basic information of Render Token (RNDR)

Render Token specifications

  • Token Name: Render Token
  • Ticker: RNDR.
  • Blockchain: Ethereum & Polygon.
  • Token Standard: PRC-20, ERC-20, and ERC-677.
  • Contract:
    • ERC-20: 0x6de037ef9ad2725eb40118bb1702ebb27e4aeb24.
    • PRC-20: 0x61299774020da444af134c82fa83e3810b309991.
  • Token Type: Utility, Governance.
  • Total Supply: 523,683,196 RNDR.
  • Circulating Supply: 154,278,922 RNDR.

Token Allocation

The distribution capacity of RNDR Token is as follows:

  • RNDR Phases: 40%.
  • Network Development: 25%.
  • Marketing Expansion: 20%.
  • 3rd Party Services: 10%.
  • Unforseen Roadblocks: 5%.

Where to buy and sell Render Token?

Currently, RNDR can be bought and sold on many top best crypto exchanges such as Binance, Huobi Global, and BitMax. Users can purchase this token using cryptocurrencies like Bitcoin or Ethereum.

Additionally, RNDR can also be bought through other token storage wallets such as Ledger Nano S and Trezor.

Wallet to store RNDR tokens

Wallet to store RNDR tokens
Wallet to store RNDR tokens

Investors and users can store RNDR tokens in ERC-20 token storage wallets such as MyEtherWallet, Exodus, and Metamask. Additionally, those with larger amounts of tokens can use cold wallets such as Ledger Nano S or Trezor to securely store their tokens.

Should you invest in Render Token?

Investing in any project involves risks and requires careful consideration. However, Render Token (RNDR) is a project with significant potential, supported by major investors and partners.

The use of blockchain technology and addressing issues within the digital content production industry positions RNDR for strong future growth. Additionally, using tokens to exchange cloud computing solutions creates a two-sided business platform for both end users and providers.

Nevertheless, like any investment, investing in RNDR also carries risks. Users should thoroughly research the project and conduct a market evaluation process before deciding to invest in RNDR

The end

Above is detailed information about Render Token (RNDR), a utility token built on the Ethereum platform and used in the Render Network’s rendering network. We hope this article has provided you with a comprehensive overview of the project. If you are interested in investing in RNDR, always stay updated with the latest information and carefully consider your decision before investing.

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