Render Token Price

(RNDR)
USD($)
RNDR
Estimated
USD $ --
RNDR/USDT5
‎$ 2.56+2.45%
RNDR PERP/USDT50
‎$ 2.55+2.27%

Render Token (RNDR) Price Movements ($)

PeriodChangeChange (%)
Today$ 0.06292.52%
7 Days$ -0.3437-12%
30 Days$ 0.389218.26%
3 Months$ 1.2699.91%

Render Token(RNDR) Info

40
--
Expand
Explorer
Contract
Ethereum 0x6de037...b24
Audited By
--
Code & Community
Investors
Multicoin CapitalSolana FoundationAlameda ResearchSfermion
‎$ 2.42
‎$ 2.56
‎$ 8.76
+2.19%
+2.45%
-10.09%
$ 920.82M 
$ 4.61M 
213,544,667
536,870,912

About RNDR

What Is Render Network (RNDR) Crypto?

Render Network (RNDR) is a decentralized network where users can share and rent computing power to render high-quality graphics and 3D images. Based on the Ethereum blockchain, the project tackles the challenge of high rendering costs and long processing times often associated with creating complex computer-generated images.

Render Network leverages unused computing power from participating nodes to significantly reduce the time and cost required to render complex images. Network participants can provide unused computing power to Render Network and earn incentives for their contributions.

The Render Network is an advanced, decentralized GPU rendering network that utilizes cutting-edge OTOY Inc. software to establish a computational marketplace for GPU Providers and GPU Requestors. Render’s decentralized network connects users seeking to execute rendering tasks with those possessing idle GPUs for processing these renders. By connecting their GPUs to the Render Network, owners can receive and accomplish rendering jobs utilizing OctaneRender.

RNDR is the native token of the Render Network. It is used as payment to conduct transactions and receive incentives within the ecosystem.

How Does Render Network Work?

Most GPUs are used in Proof of Work mining, which requires extensive energy and computing power. However, PoW mining is inherently inefficient and squanders the true potential of GPUs. Render Network aims to solve this issue by leveraging idle GPUs and assigning tasks that make their operations more efficient and lucrative to their owners.

The Render Network allows GPU owners to capitalize on their idle GPUs by supplying their computational power to creators seeking to render resources. In essence, the Render Network enables GPU owners to lend their GPU capabilities to creators who require extra power.

Participants connect their GPUs to the Render Network to receive and accomplish rendering tasks using OctaneRender. Render Network’s users send RNDR tokens to the individual carrying out the render work. At the same time, OTOY obtains a small percentage of RNDR as compensation for facilitating the transaction and managing the Render Network.

After registering their idle GPUs on the Render Network, these GPU owners become "Node Operators" and can earn RNDR Tokens. They achieve this by accepting jobs from users requiring rendering work, known as "Creators," who submit their files to the Render Network, where they are assigned to Operators.

What Is Next on the Render Network Product Roadmap?

Render Network was initially conceived by the founder and CEO of OTOY, Inc., Jules Urbach, in 2009. OTOY, the firm behind the development of the Render Network, was founded in 2008 as a cloud-based graphics company that could leverage the power of a distributed network to create high-quality 3D graphics and animations.

The project launched in October 2017 via an Initial Coin Offering (ICO) sale on the Ethereum network. Render Network also raised funds via a private token sale from January to May 2018. Early testers could experience its technology via the “RNDR Beta Testnet” during this period.

The Render Network’s mainnet launch occurred in April 2020, following extensive testing by Beta Node Operators and Beta Creators who contributed to its development and testing. The project’s advisory board includes senior executives from renowned and established companies, including WME, Bad Robot Productions, Beeple, and Brave Software.

The project expanded beyond the Ethereum ecosystem to Layer-2 network zkSync for scalable, low-cost payments in December 2020. In March 2021, it expanded to Polygon to speed up the processing of transactions and make the network more efficient.

In November 2021, Render Network announced a partnership with Solana and Metaplex to bring its core components to the high-speed blockchain. In January 2022, the network partnered with Multicoin Capital to help start its evolution from a decentralized GPU computing platform to supporting an open metaverse.

As of April 2023, the most recent update to the Render Network roadmap is the establishment of the Render Network Foundation. The not-for-profit organization will maintain the project’s core protocol, drive community engagement, and adopt its technology.

FAQ

How can I buy Render Token (RNDR)?
Buying RNDR on KuCoin is fast and simple. Create an account, verify your identity, deposit funds, and start your trading. It's that simple! See How to Buy Render Token (RNDR) for more information.
How much is 1 Render Token (RNDR) worth?
KuCoin provides real-time USD price updates for Render Token (RNDR). Render Token price is affected by supply and demand, as well as market sentiment. Use the KuCoin Calculator to obtain real-time RNDR to USD exchange rates.
Is Render Network (RNDR) a Good Investment?

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.

What Is Render Network Price Prediction?

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.

What Is RNDR Token Used For?

$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.

How to Join Render Network

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.

How Many RNDR Tokens Are There?

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.

Live Render Token (RNDR) Summary

$ 0.0367
$ 8.76
The current price of Render Token is 2.56 $. Its 24-hour trading volume is 4.61M $. The price of Render Token increased by +2.45% over the past 24 hours, dropped by -10.09% over the past week. We will continue to update the price of RNDR-USDT in real time. This coin ranks #40 in market capitalization, with a current market cap of 920.82M $.
  • The circulating supply of RNDR is 213,544,667.
  • The maximum supply of RNDR is 536,870,912.
  • The all-time high of RNDR was 8.76 $ on 11-21, 2021, from which the coin is now down -70.75%.
  • The all-time low of RNDR was 0.0367 $, from which the coin is now up 98.57%.