Render Token Price

Render Network is an interesting crypto asset to invest in, especially if you want to diversify into the infrastructure and metaverse sectors of the industry. The project offers a way to drive higher efficiency through decentralization, offering a viable real-world use case for blockchain technology.

The rising interest among creators looking to use Render Network’s infrastructure to develop their graphics projects could increase the appeal of the RNDR token among investors. The resulting increase in on-chain activity could support the RNDR price statistics in the market.

The price of Render Network crypto could also be helped higher when OTOY announces new partnerships, upgrades, and integrations. Such developments could also increase investor confidence in the project and make the RNDR crypto more attractive to invest in and hold.

Considering the extreme fluctuations in the cryptocurrency market, providing a precise RNDR crypto price prediction is unfeasible. Nevertheless, the outlook appears promising for the Render Network price trends, particularly in light of the growing enthusiasm surrounding metaverse and web3 sectors.

As Render Network evolves and becomes more versatile, the use cases for its infrastructure could rise in the future. This would further drive the demand for $RNDR in the market and support the price of Render Network token.

The Render Network price and market cap can also benefit from a favorable market sentiment toward digital assets. Expanding to more blockchain ecosystems could make the network more capable and attractive, increasing the demand for and value of RNDR cryptocurrency.

$RNDR is the native token of the Render Network ecosystem and serves the following functions:

Native Currency

$RNDR token is used as a payment and a reward mechanism within the network. Users can earn RNDR tokens by providing unused computing power to the network for rendering tasks. In turn, those who need computing power for rendering can use RNDR tokens to pay for access to the network's resources.

Governance Token

RNDR tokens also serve as a governance mechanism for the network. $RNDR holders can vote on proposals and changes to the network's protocol, such as upgrades or changes to the incentive structure.

Crypto Asset to Trade and HODL

Trade Render Network against other digital assets to profit from changing market conditions and volatility. RNDR/USDT is the most popular trading pair on the KuCoin Spot Market. However, we recommend that you do thorough research before making any investment decisions, owing to the crypto market’s highly uncertain and volatile nature.

Earn Passive Income on KuCoin

You can also grow your crypto portfolio by investing in RNDR tokens through KuCoin Crypto Lending. Head to this section to lend liquidity in RNDR to our platform and earn attractive daily interest over seven days, 14 days, or 28 days.

You can join the Render Network and participate in the network as either a renderer or a provider of computing power. Here’s how to do this:

Renderer

To become a renderer, you can submit rendering tasks to the network and pay for the computing power you need with RNDR tokens.

Provider

To become a provider of computing power, you can contribute your unused computing power to the network and earn RNDR tokens as a reward for your contributions.

Governance

You can also participate in the governance of the network by holding RNDR tokens and voting on proposals and changes to the network's protocol.

It’s essential to set up a crypto wallet and add RNDR funds to it before you start in the ways mentioned above. Buy RNDR on KuCoin or other supported platforms and withdraw your tokens to your wallet. Connect your wallet to the Render Network and get started.

The max total supply of RNDR is fixed at just above 531 million. As of April 2023, the circulating supply of the Render Network token is just above 363 million.

This includes six million tokens allocated to the RNDR Reserve. More than 4.65 million RNDR tokens were sold during the project’s ICO.

According to the Render Network tokenomics, 10% of RNDR was assigned to team members and advisors, and 25% was set aside for future token sales. Additionally, 65% of the RNDR supply was given to the user development fund.