Render Token


Discover Render Token's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is Render Token?

Render Token (RNDR) is the native utility token of the Render Network, a decentralized platform that connects creators who need additional computational power for rendering tasks with providers who offer spare GPU power. RNDR is used to pay for animation, motion graphics, and visual effects rendering on the network, and it incentivizes node operators and developers contributing to the platform.

How is Render Token used?

Render Token (RNDR) is the native utility token of the Render Network, a blockchain-based platform that enables individuals to contribute their unused GPU power to help projects render motion graphics and visual effects. Here is how RNDR is used:

  1. Payment for Rendering Services: Creators use RNDR tokens to pay for on-demand GPU compute provided by Node Operators. This payment is made through the Render Network, which facilitates the transaction and allocates the job among the nodes.

  2. Node Operator Rewards: Node Operators, who provide their idle GPU power, earn RNDR tokens for completing rendering jobs. This incentivizes them to contribute their resources to the network.

  3. Transaction Fees: A small percentage of RNDR tokens, ranging from 0.5% to 5%, is charged on every transaction. This fee goes towards the future development and running of the Render Network.

  1. Reputation System: Both Creators and Node Operators have reputation scores, which affect their access to nodes and job assignments. This system ensures that high-quality work is rewarded and maintained within the network.

  2. RNDR Credits: The platform also offers RNDR Credits, which allow Creators to purchase rendering power using PayPal and Stripe. These Credits are non-exchangeable and only usable on the network, making it more user-friendly for non-technical creators.

In summary, RNDR tokens are the primary means of exchange on the Render Network, facilitating the decentralized rendering process and rewarding Node Operators for their contributions.

How do I store Render Token?

To store Render Token (RNDR) tokens, you can use an ERC-20 compatible wallet. Here are the steps:

  1. Choose a Wallet: Select a wallet that supports ERC-20 tokens, such as MetaMask, Ledger, or Trezor. MetaMask is a popular browser extension that can be installed on Chrome, Edge, Firefox, or Brave browsers.

  2. Install MetaMask:

    • Go to and install the extension.
    • Be cautious during the installation process, as there is no "undo" button, and losing your private keys can result in the loss of your coins.
    • Write down and store your recovery passphrase and private key securely.
  3. Add RNDR as a Custom Token:

  • Go to and search for RNDR.
  • Click on the "Add Token to MetaMask (Web3)" option.
  • Confirm the addition of the token to your MetaMask wallet.
  1. Alternative Wallet Options:

    • Ledger and Trezor are hardware wallet options that can be used to store RNDR tokens securely offline.
    • These wallets provide an additional layer of security against malicious attacks and threats.
  2. Security Reminders:

    • Never share your private keys or recovery passphrase with anyone, as they can be used to access your tokens.
    • Keep your wallet and recovery information safe to prevent theft or malicious activity.

By following these steps, you can securely store your Render Token (RNDR) tokens in an ERC-20 compatible wallet.

How to buy Render Token?

To buy Render Token (RNDR) tokens, follow these steps:

  1. Create an Account: Sign up for a free account on a cryptocurrency exchange that supports RNDR, such as KuCoin, Binance, or Kraken.

  2. Verify Your Account: Complete the verification process by providing the required identification documents and confirming your email address.

  3. Add a Payment Method: Deposit funds into your exchange account using a credit card, debit card, wire transfer, or Bitcoin (BTC).

  1. Buy Render Token: Use your deposited funds to purchase RNDR tokens. You can do this on the exchange's spot market or through other available methods.

  2. Store Your Tokens: Once you have purchased RNDR, you can store them in your exchange account or transfer them to a non-custodial wallet like MetaMask for added security.

Remember to always follow the specific instructions provided by the exchange you choose, as the process may vary slightly.

Render Token
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History of Render Token

The history of Render Token (RNDR) dates back to 2008 when OTOY, the parent company, entered the market. The Render Token project officially launched in 2017, with a public token sale in October of that year, followed by a private sale from January 2018 to May 2018.

Render Token
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How Render Token works

Render Token (RNDR) is the utility token used on the Render Network, a decentralized platform that connects users requiring graphics computing power with those who have spare GPU processing capacity. Here's how it works:

Key Components
  1. Creators: These are users who need GPU power to render images, videos, or other graphical content. They submit their projects to the network along with the required specifications and data.
  2. Node Operators: These are individuals who rent out their spare GPU processing power to the network. They are rewarded with RNDR tokens for their contributions.
  3. OctaneRender: This is the rendering software used on the network to process the projects submitted by creators.
  1. Project Submission: Creators upload their designs to the network, specifying the required GPU workload and other details.
  2. Dynamic Pricing: The network evaluates the workload and assigns a price based on the complexity and resource usage required.
  3. Workload Distribution: The network distributes the workload among available GPUs, optimizing the allocation using a sophisticated algorithm.
  4. Rendering: The selected GPUs render the designs, producing high-resolution images or videos.
  5. Verification: The rendered output is verified by a validation system, ensuring it meets the creator's expectations.
  6. Payment: Creators pay node operators in RNDR tokens, with the amount reflecting the complexity and resource usage of the rendering task.
  • RNDR Token: This is the ERC-20 utility token used to access the platform's decentralized rendering service. It is primarily used to pay for jobs on the Render Network.
  • Burn and Mint Equilibrium (BME): This mechanism was introduced in January 2023 to strengthen the token's economics. When a creator submits a job, 95% of the RNDR tokens are burned (destroyed), and 5% are sent to the Render Network Foundation to support development. New tokens are minted to replace those burned, maintaining a balance.
  • Token Supply: The total supply of RNDR tokens is capped at approximately 644 million.
  • Community Governance: RNDR tokens are also used for community governance through a decentralized autonomous organization (DAO). This allows holders to participate in voting on network decisions.
  • Efficiency: The platform provides more efficiency to industries like gaming, media, augmented reality, and medical sectors by leveraging underutilized GPU power.
  • Cost Savings: Creators can save time and money by tapping into the network's distributed GPU power instead of purchasing high-end computers.
  • Environmental Impact: By utilizing idle GPUs, the platform reduces the need for new hardware purchases, resulting in a smaller carbon footprint.

Overall, Render Token (RNDR) plays a crucial role in facilitating the decentralized rendering process on the Render Network, connecting creators with spare GPU power and enabling efficient, cost-effective rendering services.

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Render Token's strengths

Render Token (RNDR) has several strengths that contribute to its utility and value within the Render Network. Some of these strengths include:

  • Scalability: The Render Network's decentralized GPU rendering network can scale to meet user demands, making it an efficient alternative to costly localized market solutions.
  • Optionality: The network provides users with more options, whether they are commissioning a job or farming out their excess GPU power, enhancing operational efficiency.
  • IP Protection: The network leverages blockchain technology to ensure that creators' rights are protected throughout their entire creative lifecycle, providing an effective digital management system.
  • Flexibility: The network offers different tiers of service, catering to various speed, security, and price needs, offering flexibility to content creators depending on their specific project requirements and budget constraints.
  • Reward Mechanism: RNDR serves as a reward mechanism for Node Operators, incentivizing them to contribute their idle GPU resources to fulfill rendering jobs.
  • Governance: RNDR also acts as a governance token, granting holders the power to influence the decision-making processes within the Render Network, including protocol upgrades and policy changes.
  • Tokenomics: The strategic allocation of RNDR tokens supports various aspects of the network's growth and sustainability, ensuring long-term development and scalability.

These strengths collectively contribute to the Render Network's ability to provide decentralized GPU rendering solutions efficiently and securely.

Render Token's risks

Render Token (RNDR) carries several risks that investors should be aware of:

  1. Market Risk: RNDR is highly volatile and susceptible to market fluctuations. Its market value is a small fraction of Bitcoin's, making it more vulnerable to price movements. This volatility can result from large trades or broader market trends.

  2. Project Risks:

    • Competition: Render operates in a competitive space where technology is rapidly evolving. If other platforms offer faster, cheaper, and more efficient rendering, Render could face significant competition.
    • Decentralization Risks: As a decentralized network, Render is exposed to technical glitches and security breaches, which could impact its reputation and the value of RNDR tokens.
    • Regulatory Uncertainty: The regulatory environment for cryptocurrencies is still evolving and can lead to changes that negatively affect RNDR's value.
  3. Technical Risks:

  • Dependence on GPU Technology: RNDR's value is closely tied to the demand for GPU rendering, which could be impacted by advancements in alternative technologies.
  • Scalability and Performance: The network's ability to handle increased demand and maintain performance is crucial to its success. Any issues in this area could negatively impact RNDR's value.
  1. Investment Risks:
    • High-Risk Investment: Investing in RNDR is considered high-risk, and investors should be prepared to lose their entire investment.
    • Lack of Fiat Trading Pairs: Currently, there are no fiat/RNDR trading pairs, which can make it more difficult for new investors to enter the market.

These risks highlight the importance of thorough research and careful consideration before investing in Render Token (RNDR).

Render Token
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Did Render Token raise funds?

Render Token
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Render Token’s team

  • Jules Urbach: Founder and CEO of OTOY Inc. and the Render Network, driving the project to democratize access to rendering power using blockchain technology.
  • Alissa Grainger: Co-founder of OTOY Inc., involved in the development of the Render Network.
  • Malcolm Taylor: Co-founder of OTOY Inc., contributing to the growth of the Render Network.

Whalee AI

The fundamental analysis assistant for crypto value investors.

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