What is Render Token?

RNDR is a popular altcoin among crypto investors. However, before you Trade RNDR, it is vital that you understand what you are investing in.

RenderToken (RNDR) is an Ethereum-based distributed GPU rendering network that connects studios and artists needing GPU computing capacity with mining partners who are prepared to rent out their GPU capabilities in exchange for tokens.

Launched in 2017, RNDR was the product of a concept conceived in 2009 by OTOY, inc. CEO Jules Urbach. The first public token sale took place in October of that year, and a private sale ran from January to May of the following year, during which a total of 117,843,239 RNDR were sold at a price of $0.25 USD per token

Before the public debut on April 27th, 2020, early adopters were invited to join the RNDR Beta Testnet and participate in collaborative network development and testing with the RNDR team via beta node operations and artistic contributions.

How does RNDR work?

RNDR is a utility token built on the ERC-20 standard that network artists may use to buy processing power from GPU nodes (node operators). To ensure all art has been rendered before payment disbursal and art release, RNDR uses a manual and automatic proof of work mechanism, also known as proof of render. Using the Ethereum blockchain's built-in security features, private assets are scrambled at upload and distributed among nodes in small chunks for rendering.

All RNDR payments are held in escrow until the commissioning artist verifies the completed job and releases the funds to the node operators. All rendered assets are watermarked until payment is fully dispersed. At this point, un-watermarked renderings may be downloaded, and all payments are kept in escrow until manually checked as being appropriately produced, all in an effort to deter bad actors on both sides.

How is Render different?

The Render Network aims to connect those seeking to complete rendering jobs with those with spare GPUs to process them. Users can hook up their GPUs to the Render Network to get OctaneRender rendering tasks and finish them off. Users pay the render worker in RNDR; in return, OTOY takes a tiny portion of RNDR to cover the costs of maintaining the Render Network.

Node Operators are GPU owners who have registered their idle GPUs on the Render Network and are now eligible to earn RNDR Tokens. The users that require rendering done are called Creators, and they upload their files to the Render Network, where Operators are then allocated to do the rendering tasks. To cover the costs of running the network and processing your transaction, Render charges a modest fee in RNDR.

How many RNDR tokens are there?

As of now, 536,870,912 RNDR have been distributed, representing 117,843,239 RNDR allocated since the public token auction in October 2017. While the firm and the team did get some tokens during the ICO and the subsequent private sale, a much larger amount of tokens were not distributed. Once the tokens have been migrated, the RNDR Reserve and the Escrow addresses will be publicly disclosed.

RNDR Tokens will be allocated as follows:

• 25% sold
• 10% in the RNDR Reserve (“RR”)
• 65% in escrow* (for supply/demand flowback to the network)

Where can you buy RNDR?

RNDR is available on the licensed cryptocurrency exchange CryptoForce and several other national and international exchanges.

Disclaimer: Cryptocurrencies are highly volatile and subject to market, technical, and regulatory risks. Crypto trading requires one’s own diligence, and Cryptoforce will not be responsible for any losses incurred. Any information provided here should not be regarded as Cryptoforce’s technical or financial advice