Coin Kickoff
The Render Network is an innovative blockchain marketplace that allows users to contribute the computational power to render 3D projects and receive crypto for their contributions.
RNDR is the governance and utility token of the protocol and users that provide computational power to assist in GPU rendering and streaming 3D are rewarded in RNDR tokens.
The RNDR token is currently the 155th largest cryptocurrency by market capitalization.
Individuals can contribute their unused GPU power, which aids other projects in rendering Motion Graphics and visual effects. Users receive Render Token (RNDR) for their contributions; RNDR is the native utility token of the Render Network.
The Render Marketplace is essentially a peer-to-peer network that allows individuals and businesses to make use of unused computational power cheaply and efficiently. Rendering 3D projects is extremely time- and cost-intensive, and Render Network makes this entire process much more optimized and affordable.
The project aims to provide cutting-edge digital products and services that can be used on a global scale and will be the infrastructure for developing the digital world at large.
Digital entertainment for lies heavily on Motion Graphics. Animated movies, online games, and other forms of digital entertainment typically incorporate 3D visual effects. In the corporate industry, 3D graphics also have an extremely crucial role. From engineering companies to architectural firms, 3D rendering is a widely used popular technology.
There has been an incredible increase in demand for 3D rendering, and one of the main factors that delay adoption is how expensive 3D rendering is. Rendering is also immensely computationally intensive in the process of 3D graphics creation.
Generating graphics in real-time makes the rendering process even more complicated; this is one of the biggest requirements for digital games.
Meeting the demands of an ever-growing immersive digital world requires robust resources of computational power, and the Render Network aims to be the solutions provider.
The Render platform is incredibly innovative and simple to use and allows users to contribute their unused GPU power from the comfort of their own homes. GPU owners with home devices (laptops or computers) can supply unused computational power that is then used to render Motion Graphics and any other required effects.
A user that contributes to the Render Network receives Render tokens when they perform Render jobs. This system is incredibly sustainable and bridges the need for excessive amounts of computational power with a market that can meet the demand.
Users with idle GPUs can complete rendering jobs using the innovative OctaneRender software. Users can also become node operators in the Render Network by completing the RNDR interest form.
The protocol has quickly become immensely popular, mainly because it provides a platform that manages render jobs and connect GPU rendering suppliers with clients. As the project has been garnering attention in the media, the Render token price has also seen significant appreciation during periods.
Users interested in learning more about the Render Network, how to get involved, and any other important information should read the Render Network whitepaper.
The Render Network is used by both businesses that require rendering services and individuals with idle GPUs. The platform provides an innovative way to link individuals requiring rendering services with individuals that have underutilized computational power.
The system is innovative and has quickly garnered media attention and user adoption in a short period. It’s beneficial to all parties involved because users can easily earn an income, and businesses can slash costs by a significant amount.
Additionally, swing and arbitrage traders aim to capitalize on price fluctuations in cryptocurrencies. This can be incredibly profitable but also comes with a significant amount of risk.
RNDR is a popularly traded cryptocurrency that is listed on most of the large crypto exchanges. The Render Network project has grown immensely in popularity since its launch, and several websites advertise an RNDR token price prediction that indicates huge price appreciation.
RNDR tokens are commonly traded on most centralized crypto exchanges. Before you’re able to purchase RNDR, you’ll need to deposit fiat money onto an exchange; sequentially, RNDR tokens will then be credited to your digital wallet on the exchange.
The crypto exchanges below are amongst the safest place where you can buy, sell and store tokens.
Most individuals opt to transfer their tokens off an exchange. It provides an additional level of security and gives them complete access to their tokens and private keys. Recently, there have been several exchanges that have suffered exploits – this has led to users losing significant amounts of money.
Some of the most common wallets to store tokens are digital wallets and hardware wallets. Individuals looking to take part in decentralized platforms and utilize DeFi products such as staking, farming, and liquidity provision will need to transfer their tokens to a digital wallet.
The Render Network was launched in 2017 by Jules Urbach. It aims to link individuals or businesses that require computer graphics or rendering services with individuals that have underutilized computation power – the process is achieved by using blockchain technology.
Anyone joining the cryptocurrency industry should always use caution since it is infamous for being controversial. Before choosing to invest in any cryptocurrency project, it is crucial to gain as much knowledge about cryptocurrencies and blockchain as you can. People should never invest more money than they are prepared to lose.
The crypto industry is significantly unregulated, and ill-intentioned projects aim to take advantage of this by taking advantage of individual investors.
Let’s take a look at the top controversy surrounding Render Network (RNDR):
Most credible blockchain projects prioritize making updates to their whitepaper because it highlights that they are dedicated to making improvements, and it also updates their token holders and the community at large about the future of the project.
At the time of writing, Render Token (RNDR) has a circulating supply of 253,798,859.69 RNDR (47% of the total supply)
The total supply of Render Token (RNDR) is 530,962,615
The max supply of Render Token (RNDR) is 536,870,912
RNDR tokens can’t be mined. The Render Protocol uses a unique Proof-of-Render consensus mechanism to facilitate GPU cloud rendering. Unlike other mineable coins, which typically use a proof-of-work consensus mechanism, RNDR isn’t mineable.
However, users can earn yields on their RNDR tokens by becoming node operators – or by making use of the decentralized platform and their DeFi products to earn yields. The most commonly used DeFi products are staking, yield farming, and liquidity pools.
Some centralized exchanges allow users to earn yields from staking their RNDR tokens.
The market cap of Render Token (RNDR) is: the total amount of coins in circulation x the current market price of RNDR.
Render Token (RNDR) Market Cap = 253,798,859.69 RNDR x $0.50 = $128 million (155th largest market cap)
ANC is currently one of the top 500 cryptocurrencies by market capitalization.
The Render Network has taken the market by storm because of its unique value proponents. Since its listing, the project has gone on to attract a significant amount of traction and user adoption in its peer-to-peer marketplace.
The project positions itself as a protocol that is trying to democratize GPU cloud rendering, and the majority of its competitors are traditional businesses.
Render Network’s Biggest Competitors are:
The Render protocol aims to gain traction in the cryptocurrency industry and rank among the most valuable initiatives globally.
The protocol has said that it would expand the services it offers in the future and increase the functionality of its utility coin. It will ensure that everyone utilizing the platform has an open, trustworthy, and seamless user experience.
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