Render Token (RNDR)

Render Token is currently trading at $0.4638, after a price change of 2.80% in the last 24 hours.

Ranked as cryptocurrency #169 by capitalization today, RNDR market cap is valued at $117,656,852. RNDR trading volume reached $21,206,892 in the last 24 hours. We track cryptocurrency data live in real-time. Make your own forecast on RNDR coin price prediction page.

What is Render Token?

Render token is the unit of value used in exchanging rendering and streaming services on the OctaneRender Cloud protocol. The protocol uses a proof-of-render, an automated proof-of-work system, to verify that all the art is fully rendered before payment. Render is the provider of decentralized GPU-based rendering solutions. The platform is developed on the Ethereum blockchain. 

Render works as a peer-to-peer GPU compute network linking creators who need extra computational power to providers who get paid for their GPU power. The GPU owners who registered their idle GPU become node operators eligible to earn RNDR tokens. Users in need of rendering services pay for it in RNDR tokens, and the protocol, in turn, allocates the job among the nodes. 

RNDR is an ERC20 utility token. There are 231,554,301.76 circulating RNDR tokens from a total supply of 530,902,345 tokens and a hard cap of 536,870,912. Render governance is fully centralized, and all the decisions about the platform are made by the RNDR team and cascaded to the community. The token is supported on compatible Ethereum wallets. Users can pay for animations, motion graphics, and rendering with RNDR. 

RNDR network was founded in 2016 by Jules Urbach, the current Chief Executive Officer of OTOY.