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Render Token

RNDR

Price
$0.49
12/3/2022, 3:12:15 PM
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Market

Market stats

Market cap

$123.8M

Volume (24h)

$9.0M

Circulating supply

253.8M RNDR

Typical hold time

1 day

Trading activity

Not enough data

Popularity

#84

All time high

$8.76

Price change (1h)

-0.1%

Price change (24h)

0%

Price change (7d)

+2.52%

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Render Token is on the rise this week.

The price of Render Token has risen by 2.52% in the past 7 days. In just the past hour, the price shrunk by 0.10%. The current price is $0.49 per RNDR. Render Token is 94.43% below the all time high of $8.76.

The current circulating supply is 253,798,859.694 RNDR.

About

RNDR is an Ethereum token that powers Render Network, a protocol that enables distributed graphics processing. Using RNDR as the medium of exchange, Render Network connects users looking to render images and video with those who have idle graphics processing power.

Resources

What Is Render Token (RNDR)?

Render Token is a network that provides decentralized GPU-based rendering solutions, thereby transforming the digital creation process. As stated in the whitepaper of Render Token, rendering refers to the transformation of a 2D or 3D computer model into a realistic image and scene.

Render Token aims to make the rendering process intricate and more accessible for all users. The primary vision of Render Network is to democratize GPU cloud rendering. Hence, the Render Network creates an efficient, scalable, and robust rendering network.

Furthermore, Render Network seeks to connect users to perform render jobs with people having idle GPUs to process the renders. Therefore, the owners will connect their GPU to the Render Network for receiving and completing rendering jobs.

The token provides complex GPU-based render jobs for processing and distributing on a peer-to-peer network. Hence, the Render Token makes the transactional process of streaming and rendering 3D models and environments more easy and simple.  

Render Network aspires to gradually evolve to include crowdsourced 3D projects for digital rights management. This can create a vibrant marketplace for digital assets, ideas, and applications that anyone can leverage and access.

Notably, rendering plays an essential role in tasks and workflows in professional and business spheres. As mentioned in the whitepaper, rendering is a critical part of the work of architects and surgeons to analyze 3D models. Moreover, due to the rise of virtual reality, computer engineers and program developers can utilize real-time rendering for creating dynamic environments for their users.

Render Token (RNDR) is the primary unit utilized to exchange rendering and streaming services on the platform. Users need to create an account on the Octane Render Cloud (ORC) network, which will store their Render Tokens. Such tokens can be utilized for exchanging on the network for several rendering and streaming services. Importantly, these accounts created on the ORC network are linked to the Ethereumblockchain.

During the process of exchange, the ORC network sends a request for a Render Token smart contract to enter a transaction with both the involved parties. The cost of this job is determined and calculated in Render Tokens, and the funds are transferred to the accounts by smart contracts.

RNDR Token is an ERC20-based utility token developed to accelerate rendering work on the RNDR Network. Importantly, RNDR Tokens can be sold and purchased on exchanges. The network also launched RNDR Credits, a user-friendly mechanism for artists to buy rendering power on the network using Stripe or PayPal.

According to the blog posted on Render’s Network Medium channel, RNDR aims to establish three solutions for content creators: rights protection, monetization, and giving power to individuals. Users can register their workstations on the Render Network, whereby they earn RNDR tokens for completing their jobs. Such earned tokens can be spent to fund rendering projects later, which are encrypted on the network.

History of Render Token (RNDR)

Render Token was founded by Jules Urbach in 2016. Urbach is the CEO of OTOY, a cloud rendering company. The whitepaper of Render Token was published on August 28, 2017. Ari Emanuel is the cofounder and co-CEO of Render Token. J.J. Abrams is the chairman and CEO of Bad Robot Productions. The total supply of RNDR is 504,793,762, and the maximum supply is 536,870,912.

How Are New RNDR Coins Created?

As claimed by Render Network, with the growth of the network, more Render Tokens will be incorporated into the ecosystem of the network. Such tokens will either be under the Render reserve as user acquisitions, airdrops, and bonuses for node operators or other token allocation methods. The oversupply of RNDR tokens was burned in July 2020.

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FAQ

What is the current price of Render Token?

The price of 1 Render Token currently costs $0.49.

What is the market cap of Render Token?

The current market cap of Render Token is $123.83M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Render Token?

The all-time high of Render Token is $8.76. This all-time high is highest price paid for Render Token since it was launched.

What is the 24 hour trading volume of Render Token?

Over the last 24 hours, the trading volume of Render Token is $9.00M.

What other assets are similar to Render Token?

Assets that have a similar market cap to Render Token include STASIS EURO, Energy Web Token, Celsius, and many others. To see a full list, see our comparable market cap assets.

How many Render Token are there?

The current circulating supply of Render Token is 254 million.

What is the typical holding time of Render Token?

The median time that Coinbase customers hold Render Token before selling it or sending it to another account or address is 1 days.

What is the relative popularity of Render Token?

Render Token ranks 128 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

What is the current trading activity of Render Token?

Currently, 68% of Coinbase users are buying Render Token. In other words, 68% of Coinbase customers have increased their net position in Render Token over the past 24 hours through trading.