RNDR

Render Token Price Today

The live Render Token price today is $3.749 USD. with a 24-hour trading volume of $13,654,136,789 USD. We update our RNDR to USD price in real-time. Render Token is down +0.11% in the last 24 hours. The current CoinMarketCap ranking is #160, with a live market cap of $2,012,836,423 USD. It has a circulating supply of 530,962,615 RNDR coins and a max. supply of 536,870,912 RNDR coins.

RNDR to USD

The Render Token live price on 12/10/2023 8:03 is $3.749 USD,RNDR is down +0.11% in the last 24 hours.

RNDR price USD

RNDR price USD RNDR/USD on Sunday,December 10, 2023 is $3.749 USD,RNDR is down +0.11% in the 12/10/2023 8:03:26.

Render Token Official Website

The Render Token official website is rendertoken.com

Buy Render Token

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Render Token Exchange

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Render Token Wallet

Render Token wallet is a software program in which RNDR are stored. Technically, Render Token are not stored anywhere. For every individual who has a balance in a Render Token wallet, there is a private key (secret number) corresponding to the Render Token address of that wallet. Download the Render Token Wallet APP on the Render Token official website rendertoken.com

What Is Render Token(RNDR)

RenderToken (RNDR) is a distributed GPU rendering network built on top of the Ethereum blockchain, aiming to connect artists and studios in need of GPU compute power with mining partners willing to rent their GPU capabilities out. Conceived in 2009 by OTOY, inc. CEO Jules Urbach and launched in 2017, RNDR held its first public token sale in October of that same year, followed by a private sale period lasting from January 2018 – May 2018, wherein a total of 117,843,239 RNDR were sold at a price of 1 RNDR = $0.25 USD equivalent of token. During the private sale period, early adopters were onboarded onto the RNDR Beta Testnet, where beta node operators and artists worked collaboratively with the RNDR team in building and testing the network, up until its public launch on April 27th 2020.

RNDR is an ERC-20 utility token used by artists on the network to exchange for GPU compute power from GPU providers (node operators). RNDR utilizes a combination manual and automatic proof of work system, or in this case proof of render, in order to verify all art has been successfully rendered prior to payment disbursal and art release. Utilizing the inherent security properties of the Ethereum blockchain, proprietary assets are hashed upon upload and sent to nodes piecemeal for rendering. All RNDR payments are stored in escrow during rendering, and are released to node operators upon manual verification by the commissioning artist of successful work. To prevent malicious actors in both user bases, all assets rendered on the network are watermarked until payment is successfully disbursed, upon which time un-watermarked renderings may be downloaded, and all payment is held in escrow until manually verified as being correctly rendered.

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