RNDR
Reputation Ratings

RNDR

Render Token
Website https://rendertoken.com/
Browser
OTH RELPs
White Paper
Avg Price
+4.24%
1D

$ 9.1544 USD

$ 9.1544 USD

Market Cap

$ 3.5147 billion USD

$ 3.5147b USD

24h trading volume

$ 183.116 million USD

$ 183.116m USD

7d Vol

$ 2.4475 billion USD

$ 2.4475b USD

Circulating supply

384.472 million RNDR

Related information

Issue Time

2000-01-01

Platform pertained to

--

Current price

$9.1544USD

Market Cap

$3.5147bUSD

Volume of Transaction

24h

$183.116mUSD

Circulating supply

384.472mRNDR

Volume of Transaction

7d

$2.4475bUSD

Change

24h

+4.24%

Number of Markets

371

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Current Rate0

Available

0.00USD

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Historical Price

Introduction

Markets

3H

+0.15%

1D

+4.24%

1W

+10.98%

1M

-12.91%

1Y

+433.83%

All

+488.95%

Aspect Information
Short name RNDR
Full name Render Token
Founded year 2017
Main founders Jules Urbach, Alissa Grainger, and Rod Recker
Support exchanges Huobi, Probit
Storage Wallet Any wallet that supports ERC20 tokens like Metamask, Ledger, etc.

Overview of RNDR

The RNDR token, also known as the Render Token, was founded in 2017 by Jules Urbach, Alissa Grainger, and Rod Recker. This cryptocurrency is part of a blockchain-based computing technology that seeks to harness the combined power of Graphics Processing Units (GPUs) across a distributed network. The main goal of RNDR is to provide users with the ability to use excess GPU power in exchange for tokens. Currently, RNDR tokens can be traded in exchanges like Huobi and Probit. In terms of storage, RNDR tokens can be stored in any wallet that supports ERC20 tokens such as Metamask and Ledger.

VIDEO URL LINK: https://vimeo.com/231572056

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Pros and Cons

Pros Cons
Utilizes excess GPU power Limited use beyond the rendering industry
Tradeable on multiple exchanges Limited exchange support
Supports ERC20 compliant wallets Dependent on Ethereum network performance
Innovative block-chain based technology New and relatively untested market

Pros of RNDR token:

1. Utilizes Excess GPU Power: The fundamental advantage of RNDR is its ability to leverage excess GPU power. For users with powerful GPUs that are not consistently at full capacity, RNDR offers a way to monetize this under-used resource by contributing to rendering tasks in the RNDR network.

2. Tradeable on Multiple Exchanges: RNDR tokens can be bought and sold on a variety of cryptocurrency exchanges including Huobi and Probit. This wide availability makes it easier for users to acquire or dispose of the tokens as they wish.

3. Supports ERC20 Compliant Wallets: RNDR tokens are ERC20 compliant, which means they can be stored in any wallet that supports this standard. This includes widely-used options like Metamask and Ledger, giving users flexibility in how they manage their tokens.

4. Innovative Blockchain-based Technology: RNDR is an innovative solution that combines blockchain technology with GPU rendering. This makes it an interesting project in the rapidly-evolving cryptocurrency world, where it stands out for its unique application of blockchain tech.

Cons of RNDR token:

1. Limited Use Beyond the Rendering Industry: Despite RNDR's innovative use of blockchain technology, its application is primarily focused on the rendering industry. This limits its use to a niche market and could potentially limit its growth prospects.

2. Limited Exchange Support: While RNDR can be traded on a few exchanges, its worth noting that some larger and more common exchanges do not support it. This could limit its accessibility and liquidity for some users.

3. Dependent on Ethereum Network Performance: As an ERC20 token, RNDR is reliant on the Ethereum network. If there are any issues with Ethereum's speed or transaction handling, RNDR could be affected.

4. New and Relatively Untested Market: The market for blockchain-based rendering is new and relatively untested. While this brings potential for high growth, it also carries risk as the market's future is uncertain.

What Makes RNDR Unique?

The innovation of the RNDR token lies in its unique application of blockchain technology in the field of graphics rendering. Specifically, it uses the concept of distributed computing, where multiple devices contribute their computing power to complete tasks. In the case of RNDR, users with powerful Graphics Processing Units (GPUs) that are not being fully utilized can “rent” their excess GPU power to others who need it for rendering tasks. In return, the providers of the GPU power are rewarded with RNDR tokens.

This makes RNDR stand out from many other cryptocurrencies, which are typically used simply as digital currencies or stores of value. RNDR, on the other hand, is closely tied to a specific application – graphics rendering – and its value is derived directly from the demand and supply for GPU power.

However, its focus on rendering also means that the use of RNDR tokens is more niche compared to general-purpose cryptocurrencies. The success and value of RNDR largely depend on the growth and development of the GPU rendering market. In addition, as an ERC20 token, RNDR operates on the Ethereum network and thus is exposed to the performance and scalability issues inherent in the Ethereum platform.

what makes RNDR unique

How Does RNDR Work?

RNDR is an ERC-20 utility token that powers the Render Network, a decentralized rendering platform that connects artists and studios with GPU owners. RNDR tokens can be used to pay for rendering jobs, and they can also be earned by Node Operators who provide their GPUs to the network.

To use RNDR, an artist or studio creates a rendering job and broadcasts it to the Render Network. Node Operators then compete for the job based on price, speed, and reliability. Once a job is awarded, the Node Operator renders it and receives RNDR tokens as payment. The artist or studio then reviews the rendered job and releases the RNDR tokens to the Node Operator. Node Operators can then sell the RNDR tokens on exchanges or use them to pay for other services on the Render Network.

RNDR offers a number of benefits, including efficiency, transparency, and security. It can help to improve the efficiency of the rendering process by connecting artists and studios with Node Operators who have the available GPU resources. RNDR transactions are transparent and recorded on the blockchain, which helps to reduce fraud and ensure that everyone is paid fairly. And RNDR tokens are stored in a secure digital wallet, which helps to protect them from theft and loss.

How does RNDR work

Circulation of RNDR

RNDR has a total supply of 500 billion tokens, with a current circulating supply of approximately 29 billion. The remaining tokens are held in reserve by the Render Network team and will be released over time through a variety of mechanisms, such as community grants and Node Operator incentives.

The price of RNDR is volatile and is subject to market fluctuations. It has been on a downward trend in recent months, but it is still up significantly from its all-time low of $0.001 in January 2021.

Exchanges to Buy RNDR

RNDR tokens are facilitated in a number of exchanges that allow for buying, selling and trading. Here's a brief description of some of these exchanges:

1. Huobi: Huobi is a leading global blockchain asset trading platform that provides a wide array of crypto assets for trading. RNDR can be traded against BTC and ETH on Huobi.

2. Probit: Probit is a global cryptocurrency trading exchange known for listing a large number of cryptocurrencies. On Probit, you can trade RNDR with BTC.

3. Bittrex: Bittrex is a secure platform for trading cryptocurrencies. RNDR can be traded against BTC and USDT on Bittrex.

4. KuCoin: KuCoin is a global cryptocurrency exchange for numerous digital assets and cryptocurrencies. RNDR has a trading pair with USDT on KuCoin.

5. OKEx: OKEx is a world-leading digital asset exchange providing advanced financial services to traders globally. On OKEx, RNDR can be traded with USDT.

6. Gate.io: Gate.io is a trading platform dedicated to security and transparency. On Gate.io, you can trade RNDR with USDT.

7. Hoo Exchange: Hoo is a secure and reliable blockchain wallet for users to manage, swap, and trade their assets. You can trade RNDR with USDT on Hoo.

8. AscendEX: Previously known as Bitmax, AscendEX is a leading global digital asset financial platform. RNDR can be traded against USDT on AscendEX.

9. Bitcoin.com Exchange: This exchange claims to offer reliable services, high-security environment, and speedy transactions. It supports trading pairs of RNDR with USDT.

10. CoinEx: CoinEx supports the trading of a wide variety of cryptocurrencies, including RNDR. RNDR can be traded against USDT on CoinEx.

Please note that while most exchanges have RNDR to USDT pairs, some offer BTC pairs. Also, there may be other currency pairs not mentioned here, so it would be best to check each exchange for an accurate list of trading pairs.

How to Store RNDR?

RNDR tokens are compliant with the ERC20 standard, which means you can store them on any wallet that supports this kind of tokens.

Here are some wallet types suitable for storing RNDR tokens:

1. Web Wallets: Metamask is a good example of a web wallet that can be used to store RNDR tokens. It's a browser extension that is compatible with Chrome, Firefox, and Brave browsers. Metamask makes it easy to interact with Ethereum-based tokens like RNDR.

2. Hardware Wallets: Wallets like Ledger and Trezor are examples of hardware wallets that can be used to store RNDR tokens. These provide offline storage capabilities, keeping your tokens secure from potential online threats.

3. Mobile Wallets: Wallets like Trust Wallet and Coinomi offer mobile pathways to store RNDR tokens. Both of them support ERC20 tokens.

4. Desktop Wallets: MyEtherWallet (MEW) is a free, client-side open-source tool, which can be used on a desktop machine and is compatible with hardware wallets.

It's important to note that while these wallets offer a great way to store RNDR tokens, understanding their functionality, accessibility, recovery options, and security measures plays a critical role in ensuring the safety of your tokens. Always make sure to keep private keys and passphrases stored safely.

Should You Buy RNDR?

RNDR tokens could be suitable for several groups of people:

1. Graphics Artists or Companies in Need of Rendering Resources: Since RNDR tokens are used to gain access to affordable rendering resources, individuals or businesses involved in resource-intensive tasks like 3D animation, CGI, game design, and other graphics-heavy projects could potentially benefit from purchasing RNDR tokens.

2. Cryptocurrency Investors Interested in Unique Use Cases: For cryptocurrency investors who are particularly interested in tokens with unique or specialized uses, RNDR offers a distinct proposition in the render marketplace.

3. Tech Enthusiasts: Those interested in emerging technologies and applications of blockchain might consider RNDR for its innovative approach to harnessing excess GPU power across a distributed network.

Professional advice for those considering to buy RNDR:

1. Understand the Technology: Before investing in any cryptocurrency, including RNDR, it's crucial to thoroughly understand the technology behind it. Research about its use of blockchain for rendering tasks and assess the potential growth of this niche.

2. Market Research: Assess the potential growth of the GPU rendering market – this will be key to the success and value of RNDR.

3. Keep an Eye on Ethereum: Since RNDR is an ERC20 token and runs on the Ethereum network, any changes or updates in the Ethereum platform could potentially impact RNDR.

4. Wallet and Exchange Selection: Ensure you have a reliable and secure ERC20-compatible wallet to store your RNDR tokens. Also, choose a reputable exchange platform for buying and selling your tokens.

5. Diversify Investment: Just like any other type of investment, it's important to diversify your portfolio to manage risk appropriately.

The above advice doesn't constitute financial advice and potential investors should seek out independent financial advice before making any investment decisions. Always remember that investing in cryptocurrency involves risk, and you should only invest money that you can afford to lose.

Conclusion

The RNDR token, also known as Render Token, is a unique cryptocurrency that stands out for its application in the field of 3D graphics rendering. It leverages blockchain technology to facilitate a peer-to-peer exchange of GPU power, allowing users to monetize their spare computing resources by contributing to rendering tasks on the RNDR network.

The development prospects of RNDR depend largely on the growth and evolution of the GPU rendering market. As graphics rendering becomes more complex and demanding, the need for distributed GPU power could potentially increase, giving RNDR a pivotal role in this process.

As for its potential to appreciate or generate profits, it's important to remember that like all cryptocurrencies, RNDR is subject to market dynamics and volatility. Therefore, while it presents an innovative use case and has potential for growth given the rising demand for rendering power, the financial return it could generate is highly speculative and carries risk.

Future investors are advised to conduct thorough research and consider all the relevant risk factors before investing in RNDR or any other cryptocurrency. As always, it's recommended to diversify investments and only invest funds that one is prepared to risk.

FAQs

Q: What is the main purpose of RNDR?

A: RNDR, or Render Token, is created to enable individuals or entities to harness unused GPU power across a distributed network and apply it for rendering tasks in return for tokens. Q: How is RNDR different from most cryptocurrencies?

A: Unlike most cryptocurrencies that serve as digital currencies or stores of value, RNDR is primarily used to access GPU power for rendering tasks, making it distinct in its application.

Q: What's the working principle for RNDR?

A: RNDR operates based on distributed computing concept, allowing users with unused GPU power to contribute to a decentralized rendering farm in exchange for RNDR tokens.

Q: Which wallets can be used to store RNDR tokens?

A: RNDR tokens, being ERC20 compliant, can be stored in any wallet that supports this type of tokens, including but not limited to Metamask, Ledger, Trust Wallet, and MyEtherWallet (MEW).

Q: Who should consider purchasing RNDR tokens?

A: RNDR tokens can be considered by graphical artists or companies in need of rendering resources, cryptocurrency investors intrigued by unique use cases, and tech enthusiasts interested in inventive applications of blockchain technology.

Q: What are some noteworthy precautions for potential RNDR buyers?

A: Key considerations include understanding the underlying technology, monitoring Ethereum's performance since RNDR is an ERC20 token, choosing secure wallets and exchange platforms, and maintaining a diversified investment portfolio.

Q: Can RNDR tokens appreciate in value?

A: Although RNDR has the potential for growth given the increasing need for rendering power, like all cryptocurrencies, its value is subject to market volatility, and any appreciation or profit generation is speculative and involves risk.

Risk Warning

Investing in cryptocurrencies requires an understanding of potential risks, including unstable prices, security threats, and regulatory shifts. Thorough research and professional guidance are advised for any such investment activities, recognizing these mentioned risks are just part of a wider risk environment.

User Reviews

More

11 ratings

Participate in evaluation
FX1071083505
The transaction fees are too high and the average return is too low. I am disappointed with the liquidity of RNDR. There is also a lack of support from the investor community, and I am not optimistic about the future development of this currency.
2024-01-30 16:23
2
Dory724
Render (RNDR) has a unique concept in cloud rendering, but it's facing competition. Keep an eye on it.
2023-11-06 22:21
3
Windowlight
RNDRL is a novel token that supports rendering services. Its use case in the 3D rendering industry is innovative, but the project is in its early stages. Keep an eye on its adoption and partnerships within the rendering community.
2023-11-06 02:18
4
CJ002
RNDR (Render Token) - A utility token used for purchasing and selling GPU power for rendering purposes on the Render Network.
2023-12-22 17:37
3
Dazzling Dust
RNDR utilizes a combination manual and programmed verification of work framework, or in this case verification of render, in arrange to confirm all craftsmanship has been effectively rendered earlier to installment disbursal and craftsmanship discharge. 
2023-09-09 10:21
3
FX1098275157
The price fluctuations of RNDR coin actually impressed me deeply, especially during the bear market. But what I want to say is that RNDR is extremely innovative and promising, which makes me believe in its value.
2023-11-18 21:22
1
L_Zulva
best of luck
2023-08-23 20:29
2
FX1067477397
RNDR is an excellent cryptocurrency trading platform! Its trading interface is user-friendly and allows users to operate quickly. The customer service response is also very timely and has resolved many of my issues.
2023-12-29 08:22
9
fhan
Really love using RNDR for my crypto trades! Its interface is user-friendly and the platform's security is top-notch!
2023-12-01 03:21
7
Jenny8248
It facilitated the exchange of rendering power and incentivized contributors within its network.
2023-11-24 21:24
1
Ochid007
$ RNDR BIG GAINS COMING FOR RENDER ! Solid project , decentralized rendering , u pay as u use the service . If u hv ever used Unreal Engine & not had enough processing power , ya cant use it , or other software suites . With RNDR , u can use a ghe laptop , using their service for yr rendering , a changer . Using a network of distributed computers , not single point of failure , secure , fast .
2023-10-30 11:07
3

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