Render PriceRENDER

What is Render (RENDER)?

The Render Network is a blockchain- and crypto-enabled project that allows people to contribute their unused GPU power to help with the rendering of motion graphics and visual effects. In return, users receive Render tokens (RENDER), the network's native utility tokens. By creating a peer-to-peer network that allows people and businesses to access underutilized computational power cheaply and efficiently, Render greatly simplifies standard rendering and streaming processes for 3D environments and other visual effects. Consequently, the project is an essential building block for next-generation digital products and services in the metaverse.

Render Token (RENDER) tokenomics

All transactions on the Render Network are denominated in RENDER, the ERC-20 utility token that Creators use to pay for on-demand GPU computing power provided by Node Operators. The total supply of RENDER is capped at 536,870,912 tokens. It was first released via a public token sale in October 2017, followed by a private sale from January to May 2018. Twenty-five per cent of the RENDER tokens were sold to the public, ten per cent were allocated to the RENDER Reserve, and the remaining sixty-five per cent are currently held in escrow to help modulate the network's supply and demand. The Render Network recently introduced RENDER Credits, enabling Creators to purchase rendering power on the network via PayPal and Stripe. These credits are non-exchangeable and can only be used on the network. While the RENDER token will remain the primary means of exchange for the Render Network, the platform is introducing more user-friendly ways for non-technical creators to access these decentralised services.

The Render Network's decentralized GPU-sharing network has the potential to benefit a wide range of industries and applications. Unlike all-encompassing blockchain projects that claim users can build anything on them, Render has focused on one specific sub-sector — GPU rendering power — providing a democratised solution to the digital realm's growing computational needs.

How to buy Render Token?

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