Render Token

Render Token

Render Token RNDR Rank #145

How to invest in Render Token (RNDR) Token. What is it, price and reliability

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What is RNDR? RenderToken (RNDR) is a distributed GPU rendering network built on top of the Ethereum blockchain, with the goal of connecting artists and studios in need of GPU computing power with mining partners willing to lease their GPU capabilities. Conceived in 2009 by OTOY, Inc. Led by CEO Jules Urbach and launched in 2017, RNDR held its first public token sale in October of the same year, followed by a private sale period that lasted from January 2018 to May 2018, in which a total of 117,843,239 RNDR traded at 1 RNDR = $0.25 USD equivalent per token. During the private sale period, early adopters were placed on the RNDR Beta Testnet, where beta node operators and artists worked in partnership with the RNDR team to build and test the network, until its public launch on April 27, 2019. 2020. How RNDR works RNDR is an ERC-20 utility token used by artists on the network to exchange GPU computing power from GPU vendors (node ​​operators). The RNDR uses a combined manual and automated proof of work system, or in this case a render proof, to verify that all artworks have been successfully rendered before payment is disbursed and works are released. Using the inherent security properties of the Ethereum blockchain, proprietary assets are processed upon upload and sent to nodes in chunks for processing. All RNDR payments are escrowed during rendering and released to node operators after manual verification of successful work by the commissioning artist. To prevent malicious actors in both user bases, all rendered assets on the network are watermarked until payment is successfully paid, after which non-watermarked renders can be downloaded and all payment remains in custody until correct rendering is manually verified. About RNDRS Supported by parent company OTOY, the RNDR team is based in Los Angeles with members around the world. RNDR's advisory board includes industry leaders such as Ari Emanuel (Co-Founder and Co-CEO of WME), JJ Abrams (Chairman and CEO of Bad Robot Productions) and Brendan Eich (Founder and CEO of Brave Software and BAT), who have all advised RNDR in various capacities to bridge the gap between creating a system that appeals to both the cryptocurrency communities and the production lines of Hollywood studios.