1D
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Render Token (RNDR)RNDR
$4.0571
-26.55%
Render Token (RNDR)
RNDR Price
$4.0571
-26.55%
Rank
#132
Market Cap (24H)
$625.93M
-26.55%
Volume (24H)
$80.11M
-35.39%
Circulating Supply
154,278,922
Transp. Vol.
37%
Grade
C gradeC grade
1H1D1W1M1Y
+3.55%-26.55%-40.26%+160.42%+2,324.01%
ETH0x6de03...e4aeb24
ETH
Verify address & DYOR
Contract
ETH0x6de03...e4aeb24
ETH
Verify address w/ multiple resources & DYOR
Blockchain
Websitehttps://rendertoken.com/
CommunityTwitterRedditTelegramMediumFacebook
Render is a blockchain-based network launched in 2016 and designed to connect users looking to perform render jobs with ...Read more
Render Token logo
RNDR
United States Dollar logo
USD

Render Token Price (RNDR)

RNDR Daily Performance

Today's Render Token price is $4.0571, which is down 27% over the last 24 hours. Render Token's market cap is $625.93M. 24 hour RNDR volume is $80.11M. It has a market cap rank of 132 with a circulating supply of 154,278,922 and max supply of 523,727,402. Render Token is traded on exchanges. Render Token had an all-time high of $7.8792 17 days ago. Over the last day, Render Token has had 37% transparent volume and has been trading on 53 active markets with its highest volume trading pairs being .

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Render Token Statistics

Summary
Render Token Price (24hr)$4.0571 (-26.55%)
Market Cap$625.93M (-26.55%)
Trading Volume (24hr)$80.11M (-35.39%)
Transparent Vol. (24hr)
$29.56M37% (-48.68%)
Transparency GradeC gradeC grade(Fair)
Circulating Supply154,278,922 (29.46%)
7D Price Prediction
N/A
API Coverage
1st 1D CandleNov '19
1st TradeMar '20
1st OrderbookJan '20
Exchanges27
Trading Pairs53
Updated1 minute

Price

$4.0571
Price Change
-$1.4663 (-26.55%)

All-Time High

$7.8792
Date of ATH11/20/2021
Days Since ATH16
% of ATH51.49%
Price vs ATH

Market Cap

$625.93M
Mkt Cap Change
-$226.22M-$226,222,805 (-26.55%)
Mkt Cap Rank132
Mkt Dominance<1%
Mkt Dominance

Circulating Supply

154,278,922
Max Supply523,727,402
% in Circulation29.46%
% in Circulation

Volume

$80.11M$80,111,030
Vol. Change
-$43.88M-$43,882,711 (-35.39%)
Exchange VolumeUnknown

Transparent Volume

37%
Transparent Volume (Δ)
-48.68%
Transparent Volume
A - 37%
C - 51%
D - 12%

About Render Token

Render is a blockchain-based network launched in 2016 and designed to connect users looking to perform render jobs with those who have idle GPUs to process the renders. It is backed by its parent company OTOY, a cloud graphics company, and is headquartered in Los Angeles, California. Render’s key goal is to provide peer-to-peer GPU rendering and monetization opportunities for 3D media with the help of the Ethereum protocol.

Render revolutionizes the way that 3D assets and associated digital rights are transferred and distributed across end-users and organizations. In fact, any 3D object or environment can be authored, shared, and monetized through the Render protocol.

Render features speed, security via watermarking, unlimited scaling between parallel GPU nodes, end-to-end traceability, and reduced costs. In addition, the system protects both user privacy and authorship rights.

How the Render network works

The Render network spreads work across thousands of computers while using a blockchain ledger to record completed jobs. This process helps to speed up the rendering of complex scenes and allows users to fulfill more jobs without expensive hardware and energy costs.

To join the RNDR network as an artist, users need to have OTOY’s OctaneRender subscription or a box license at hand. OctaneRender Cloud (ORC) is a GPU cloud rendering platform that allows to keep up with the demand for holographic production and accepts RNDR tokens. Users who rely on the platform to perform rendering work are called creators.

Miners can use the network without any licenses. Once their nodes are added to the network, they become operators and get an application to run the mining client and earn RNDR Tokens. Anyone with a modern GPU and an internet connection can join the network and earn crypto for lending computational power. Creators in turn send their files to the network, where they are assigned to operators.

The Render token

The Render token (RNDR) is an ERC-20 utility token created to power rendering work on the Render network. It was also designed with the purpose to make the process of streaming photorealistic simulations accessible to everyone.

The maximum Render token supply is capped at 536,870,912 coins. Such an uneven number derives from the analysis on the supply/demand for rendering over the next 10–12 years. The public token sale took place in October 2017 and was followed by the private sale held from January to May 2018. 25% of the total RNDR token supply was sold during the event, 10% is held in the RNDR reserve, and 65% are escrow tokens that are kept in a third-party custody account to bring supply and demand back to the network. Tokens from the reserve and the escrow account are released as user acquisitions, bonuses for node operators, airdrops, etc. as the network scales. Tokens from the public token sale have been migrated to the new ERC-20 contract at a ratio of 1 old RNDR : 1 current RNDR. The migration will remain open as long as the ERC-20 standard exists.

The RNDR ecosystem allows anyone with a GPU to join the network and exchange rendering power for RNDR tokens. Both creators and providers can monetize their efforts. GPU owners are node operators and they earn RNDR by completing jobs from creators. Artists and designers have the opportunity to get paid for their animation, motion graphics, and visual effects with the Render token. NFT artists use RNDR in the creation process to reduce the time of NFT rendering. NFTs are tokenized and deployed using the latest RNDR Layer 2 minting technology while their sales can also generate income within the RNDR ecosystem. Moreover, accumulated RNDR tokens can be re-used within the network. For example, they can be spent on funding rendering projects, encrypted on the network.

A transaction fee is charged for each job to cover the network maintenance costs. Fees range from 0.5% to 5% of the total RNDR needed to process the job. They are determined by GPU supply and the creator’s demand.

RNDR can be purchased and traded on several exchanges such as Huobi, KuCoin, Binance, MEXC, and Gate.io against USDT, BTC, ETH, and BUSD. It can be stored on any wallet compatible with the ERC-20 token standard.

RNDR credits

RNDR credits is the other means of storing value helping new users during the onboarding process. They are non-exchangeable as they can only be used for buying rendering power on the network. Unlike RNDR tokens, creators can purchase RNDR credits through PayPal and Stripe, or directly on the Otoy platform. Purchased credits are supported by RNDR tokens obtained by the project’s team from an open market. This means that although creators pay for the work in credits, node operators still get Render tokens as a reward.

One RNDR credit has the equivalent compute power of 4 RNDR tokens. It also equals 100 OBH (OctaneBench Hours). Octanebench is a GPU benchmarking utility created by Otoy to define the general compute power. The project offers users different pricing options that depend on their preferences for speed and safety. The amount of rendering work for 1 RNDR credit depends on a tier.

Render team and partners

Render was founded by Jules Urbach and Malcolm Taylor. Jules is the CEO who sets the strategic vision for the company. He is a pioneer in computer graphics with over 25+ years of relevant experience. He has built the web’s first 3D video game platform and licensed the software to Disney, Microsoft, Nickelodeon, and Hasbro. Malcolm is the CTO at OTOY.

The Render’s core team is located all over the globe and includes Kalin Stoyanchev, the head of the blockchain, Joshua Bijak, a Project Lead, Charlie Wallace, the Chief Technology Officer, Phillip Gara, the Director of Strategy, and blockchain developers Matthew McClure and Victor Naumik.

The Render Advisory Board includes Eric Schmidt, Executive Chairman and former CEO of Google, J.J Abrams, the CEO of Bad Robot, and Demian Brener, the co-founder, and CEO of Zeppelin Solutions

Render has established partnerships with Decentraland, a blockchain-based virtual reality world, Sia, a storage platform secured by blockchain, and BAT (Basic Attention Token), an ad-based blockchain. It also partnered with Frieze to release NFT minting for the art festival and several media providers such as VentureBeat, Forbes, Upload, and FX Guide.

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Render Token Markets

(Top 10)
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Render Token Historical Data

(Past 7 Days)
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Frequently Asked Questions

  • What’s the current Render Token price? How much is 1 Render Token worth?

    The price of 1 Render Token is $4.0571. Over the last 24 hours, a Render Token is worth -26.55% less. Visit our currency converter page to convert RNDR prices to currencies other than USD.
  • When did Render Token start?

    The earliest trading data for Render Token is on November of 2019 (based on current exchange data).
  • How high can the Render Token price go?

    Render Token’s price has gone as high as $7.8792 (which is RNDR’s all-time high). It achieved this price 17 days ago. Speculations abound for how high Render Token’s price will get in the future.
  • What's the smart contract address for Render Token?

    Render Token's smart contract address is 0x6de037ef9ad2725eb40118bb1702ebb27e4aeb24.

Today's RNDR / Render Token News for December 6, 2021

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