Render token was conceived in 2009 by Jules Urbach and later launched officially in 2018. The token held its first ICO in December 2017, followed by a private sale lasting from January 2018 to May of the same year. A total of 117,848,239 tokens were sold during this duration for 0.25 USD per token. Render is used online by users who want to obtain better or enhanced computational capacities. The token helps save time and money for people who don’t want to buy high-end computers.
Briefly about Render Token
Render allows users to share their unused GPU power. The system eradicates any technical barriers of computational network systems. It connects users looking to render jobs with users with idle GPUs. Using this strategy helps save significant time and money since users don’t have to purchase high-end GPUs to handle their in-house tasks.
Rendering the Metaverse - the 1st network transforming the power of GPU with their rendering solutions.CryptoLists.com
It’s a token that provides digital creators with new opportunities. As stated earlier, the token allows its users to share their unused GPU power without any hurdles. Therefore, people without powerful GPUs can connect to the system and access any idle GPU. The token, therefore, uses blockchain technology to build a network of GPUs globally. It helps connect media creators and artists who need better computational capacity with people who wish to monetize their idle GPUs.
Utility of Render Token?
The token is meant to be used by digital creators. It helps these creators take advantage of idle GPUs to process their renders. On the other hand, GPU owners can connect their devices to the Render Network to receive and complete computing jobs using OctaneRender.
After this, the digital creator or users will send RNDR to the individuals performing the computational work. During this transfer, OTOY will receive a small percentage of the token since it’s the platform where the transaction and Render Network occur.
Render Token Price detailsERC20 Contract address: 0x6de037ef9ad2725eb40118bb1702ebb27e4aeb24
›› RNDR tokenomics and social media
Advantages at Render Token+ Helps with the management of digital rights.
+ Offers users with more options by creating more robust environments.
+ RNDR's coin offers a scalable network.
+ Motivates both operators and creators with its reputation system.
Disadvantages- As a creator, you need to learn how the platform works.
- You might have to test out different structures.
Costs▪ Rated at 9/10
The Render Network functions through a collection of transaction levies. These transaction fees are associated with the processing of rendering or computational jobs. Therefore, the transaction fee is anticipated to be between 0.5% to 5%, depending on the nature of computation required. These fees are intended to capture the bandwidth and storage costs for operating the network.
Reputation and Buzz▪ Reputation rated at 9/10
▪ Buzz rated at 9/10
The token has been growing steadily for the past few years. Since its inception at 0.25 USD, the token has risen north of 2 USD in 2021 and 2022. This is a positive image for the token given its different approach to blockchain technology.
Besides, the token helps bring people together. It has the reputation of incentivizing good behavior on its network. That’s by enabling creators and operators to become more productive by effectively using the network.
By having good behavior as a creator, you get to get concurrent mining nodes at a time. In return, these nodes can help the process work faster. On the other hand, operators get access to higher-tier work that offers better token rewards per cycle.
How much does Render cost?
RNDR has a multitier pricing structure. Tier 1 costs $2, Tier 2 costs $0.50 and Tier 3 costs $0.25.
What is Rendering?
Rendering creates non-photorealistic or photorealistic images using a 2D or 3D model computer program.
Screenshots from Render Token
More sites where to buy/sell/trade Render TokenBelow you can see some other platforms, exchanges and/or brokers where you can buy, sell or trade this token. Click on the logo to read our review.
Render Token details and tokenomics
MATIC Contract address: 0x61299774020dA444Af134c82fa83E3810b309991