Render
About Render
RenderToken (RENDER) is an innovative system built on the Ethereum blockchain. It's designed to bring together artists and studios in need of GPU compute power with partners ready to rent out their capacities. The network was launched in 2017, with the initial public sale of 117,843,239 RENDER tokens taking place later that year. The Render Network has been a pivotal solution in enabling creators to access faster and more affordable GPU rendering capabilities.
In the last hour, Render's price has seen a change of -0.04%, and over the past 24 hours, its price has moved by +3.31%. Over the previous week, Render's price has moved by +29.77%. The current price of Render is $1.9929, accompanied by a trading volume of 67.38M in the last day. Render's price is currently 85.35% below its all-time high of $13.60, which remains the highest price Render has achieved since its launch. The circulating supply of Render stands at 518.8M, translating to a total market capitalization of 1.034B.
Market stats
Frequently asked questions
What is the Render Network?
The Render Network and its trading symbol (RENDER) is a decentralized, peer-to-peer network of connected graphics processing units (GPUs) that facilitates the rental and sale of computing power, specifically for digital rendering purposes. Render harnesses the unused computing power of graphics processing units around the world, providing scalable, efficient, and cost-effective rendering solutions for digital artists and developers. More specifically, Render is used in virtual productions that require a significant amount of computing power, such as virtual reality applications, 3D environments for creating 3D content, and animations. Render was originally established as a Layer 2 solution on Ethereum, then migrated to Solana in late 2023 following a community vote aimed at supporting faster transactions and lower fees. Users had the option to stay on Ethereum (and keep their ERC-20 token, RNDR) or upgrade to Solana (and transfer their tokens to the SPL version, RENDER). The native Render token, RENDER, is classified as a network service token.
How does the Render network work?
The Render network works by connecting graphics processing unit (GPU) owners with excess computing power to creators who need high rendering power for their projects. This connection is facilitated through a state-of-the-art blockchain-based platform, where creators submit their rendering requests with the required specifications and desired pricing. These requests are then assigned to node operators based on their reputation scores, which reflect their reliability and the quality of their previous work. This incentivizes high performance among GPU providers and ensures that creators receive efficient and impactful rendering services. Once the request is completed, it is returned to the creator for approval. If the output meets the expected standards, the transaction is finalized using RENDER tokens, the native currency of the Render network, ensuring a seamless and secure exchange of services and compensation.
How do you buy RENDER on Rain?
Buying RENDER on Rain involves a few simple steps:
- Make sure you have funds in your fiat account or your card is added in the payment methods section.
- Select the cryptocurrency you want to buy from the home or portfolio page.
- Click Trade and choose Buy.
- Enter the amount you wish to buy in your preferred fiat currency.
- Select your payment method, either by selecting your card or using the funds in your fiat account.
- Click Next to review your transaction details.
- Click Buy Now to complete the purchase.
RENDER tokens are added to your wallet once the transaction is executed. At Rain, we use cold storage to keep the majority of our clients’ assets offline.
Rain is licensed by the Central Bank of Bahrain (CBB) and the Abu Dhabi Global Market Financial Services Regulatory Authority (ADGM FSRA). This provides customers with a regulated framework for trading digital assets in the region.
Risks and considerations
Before buying RENDER, it is important to understand the associated risks:
• Price volatility risk: The currency may be subject to sharp price fluctuations.
• Competitive risks: Cloud computing service providers from major technology companies (AWS, CoreWeave) offer more established and efficient services for enterprises.
• Liquidity risks: Liquidity may affect the coin’s price movements.
• Governance and regulatory risks: The coin’s value may be affected by legislation and regulation.
• Security risks: You must protect your account with a strong password and two-factor authentication, and choose an appropriate storage method after thoroughly researching your options.
You should not buy RENDER based solely on price predictions. Instead, you should study the whitepaper, the currency’s use cases, the project’s vision, and your risk tolerance before making any decision.
How does the service work on the network?
Creators submit tasks, an algorithm allocates GPU power (Proof of Stake), and node operators complete the work.
What is the Burn-Mint Equilibrium (BME) mechanism?
A model in which circulating tokens are burned through fiat currency/crypto payments to creators, while node operators receive new rewards.
What is the total supply of RENDER?
The total fixed supply is approximately 536 million tokens.
What is Render Token (RENDER)?
Render Token (RENDER) is a decentralized rendering network that allows users to monetize their computing power by contributing it to a global network. It enables artists and creators to render graphics, videos, and other computational workloads faster and more efficiently by leveraging the power of blockchain technology and distributed computing.
How does Render Token (RENDER) benefit artists and creators?
Render Token (RENDER) benefits artists and creators by providing them with a decentralized platform where they can access affordable, high-performance rendering services. By using RENDER, artists can reduce rendering costs, increase rendering speeds, and access a global network of computing power to bring their creative projects to life more efficiently.
What is the purpose of Render Token's (RENDER) decentralized network?
The purpose of Render Token's (RENDER) decentralized network is to democratize access to rendering services and create a level playing field for artists and creators worldwide. By decentralizing the rendering process, RENDER aims to make rendering more accessible, cost-effective, and efficient for individuals and businesses in the creative industry.
How to invest in Render?
Rain offers you a number of ways to start investing in Render, including buying Render through bank transfers or by using your bank card. To purchase Render on Rain, you can select Render in your Rain account, then click Trade and select Buy. Enter the amount you wish to buy and click Next to review and confirm your purchase.
How to buy Render with card?
Once you add your bank card to your Rain account, you can use it to buy Render directly. You can start by adding your card to your payment options on your Rain account. To purchase Render using your bank card, you can select Render, click Trade then select Buy. Enter the amount you wish to buy and choose your card from the payment options. Click Next to review and complete your purchase by following the instructions on the screen.
note: The purchase option with debit or credit card is not available for our users in Turkey
How to buy Render through bank deposit?
Rain enables you to buy Render using your local currency. You can deposit funds through bank transfer, a process which takes 1-4 business days depending on your location. You can start by depositing funds to your Rain account from your bank account. Simply click on Deposit and enter the amount you would like to transfer. Click next and copy the instructions that will appear on your screen to complete the transfer from your bank account. Note that Rain does not automatically pull funds from your bank account and you will need to manually transfer the funds from your bank account to Rain's banking information.
Within 1-4 business days, the funds will be available in your Rain account and you will be able to use them to complete purchasing Render. To do that, you can select Render in your Rain account, click Trade and select Buy. Enter the amount you wish to buy with and click Next to review and confirm your purchase.
How to sell Render?
This is an easy process that requires only a few clicks. Here are the steps needed to sell Render successfully:
On your Rain account, select Render then click Trade and select Sell. Enter the amount you wish to sell and click Next to review and confirm your sell transaction by entering an OTP. You will receive a confirmation email once the transaction is done with the details.
How to convert Render into cash?
Rain gives you the opportunity to sell Render and withdraw your funds from your Rain account to your local bank account. First, you need to add your personal bank account to your Payment Methods option on your Profile.
Once your bank account is added, you can sell Render and withdraw the funds to your bank account by clicking on Withdraw and entering the amount you wish to withdraw. Click Next to review and confirm your withdrawal information by entering an OTP.
Once the withdrawal request is submitted, you will receive a confirmation email that the withdrawal is being processed. Processing your withdrawal request can take between 1-4 business days.
How to receive Render?
If you would like to receive Render in your Rain account, simply click on Receive and select Render from the list at the top of the page. You can then either copy the address visible at the botom of the screen or share the QR code to to complete your receive transaction.
Make sure that you are using the correct network when receiving Render to avoid possible loss of funds.
How to send Render?
You can easily send your Render from your Rain account to any external wallet by clicking on Send and selecting Render from the list at the top of the page. Enter the amount you wish to send and add the external wallet address you are sending to. Click Next to review and confirm your send transaction by entering an OTP.
Why buy Render with Rain?
When you buy Render with Rain, you ensure that your assets are going to be safely stored on a regulated platform that follows strict compliance standards and is subject to periodic audits. Rain also uses bank-grade security measures like Cold Storage systems. Trading and storing Render on Rain also means that your asset is going to be stored on 1:1 basis, which means your assets will always be available to you.
What is a Render wallet?
A Render wallet is where you can securely store Render. A wallet helps you maintain ownership of your asset as well as enable you to trade, send or receive crypto-assets.
What is a Render address?
A Render address is a string of unique characters that is tied to your Render wallet. The address functions just like a bank account number and it is what you use in order to send Render from your wallet, or to receive Render to your wallet.
What trading pairs available for Render?
There are over 200 currency pairs available on Rain for you to trade with. You can trade Render with Bahraini dinar, Kuwaiti dinar, Emirati dirham, Omani rial or US dollar, depending on your location. Additionally, you can swap Render with 200 other assets like BTC, LTC, XRP, ETH. You can explore your options by visiting the market page on your Rain account: https://www.rain.com/market
What is the minimum order size to buy Render?
You can trade Render with any amount above $30 or equivalent in your account's currency. You can start trading Render now by clicking the Trade button on your Rain account.
What are the most popular cryptocurrencies besides Render?
Besides Render, you can find over 150 assets available on Rain for you to start trading such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), USDC, Ripple (XRP), DOGE, Tether (USDT), Chainlink (LINK) or BCH. You can explore these options by going to the homepage of your account and scrolling through the available assets. When you are ready to start trading, simply click on the asset of your choice and click Trade.
What blockchain is Render built on?
Render is built on the SOL blockchain. This determines how transactions are verified, fees are structured, and how compatible it is with wallets and other decentralized applications (dApps).
How do I keep my Render safe?
To keep your Render safe, make sure to use trusted wallets that support SOL. Enable two-factor authentication (2FA), store long-term assets in cold wallets, and never share your private keys with anyone. You can always refer to our Security & Policies section for more tips.
What will the price of Render be in next 5 years?
Price predictions for Render over the next five years are highly speculative and depend on crypto market conditions, adoption, and broader crypto trends. We encourage you to do your own research and make informed decisions.
Is trading Render taxable?
Trading Render may be considered taxable in some countries with varying tax rules, so we recommend checking with your local tax authority or financial advisor for specific guidance.
What is Render's ATH?
Render’s all-time high (ATH) was $ 13.60 on 17 Mar 2024. This represents the highest recorded market price of the asset to date.
What is the market cap of Render?
With a market capitalization of 1.034B, Render is ranked 63 among other crypto assets.
What is the all-time high of Render?
The highest valuation of Render since its launch was at $13.60, marking its all-time high.
What is the 24-hour trading volume of Render?
The trading activity of Render over the last 24 hours was at 67.38M, highlighting its liquidity in the market.
How many Render are there in circulation?
There are approximately 518.8M units of Render currently in circulation, affecting its market dynamics.
What is the relative popularity of Render?
Render market cap is around 1.034B.
When was Render created?
Render was introduced on 15 Jun 2019.
Website
White paper
