RNDR token is an Ethereum token that powers Render Network, a protocol that allows spread graphics processing. Operating RNDR as the medium of exchange, Render Network combines users looking to render images and video with those with idle graphics processing capability.
What is RNDR token?
RenderToken (RNDR) is a dispersed GPU rendering network made on the Ethereum blockchain. It desires to connect artists and studios requiring GPU to compute power with mining partners willing to rent their GPU abilities out. They were created in 2009 by OTOY, inc. CEO Jules Urbach and founded in 2017, RNDR token held its first public token deal in October of that same year, pursued by a personal sale time staying from January 2018 – May 2018, totalling 117,843,239 RNDR token were traded for 1 RNDR = USD 0.25 equal to a token.
During the private sale duration, early adopters were onboarded onto the RNDR Beta Testnet, where beta node operators and artists performed collaboratively with the RNDR unit to create and test the network until its public launch on April 27, 2020.
How does RNDR token work?
RNDR token is an ERC-20 utility token artists use on the network to trade for GPU compute power from GPU providers (node operators). RNDR utilizes a combination of manual and automatic proof of work system, or in this case, evidence of render, to verify all art has been successfully rendered before payment disbursal and art release. Utilizing the inherent protection effects of the Ethereum blockchain, proprietary investments are hashed upon upload and sent to nodes piecemeal for rendering.
All RNDR payments are stored in escrow during rendering and are released to node operators upon manual verification by the commissioning artist of successful work. To prevent negative actors in both user bases, all assets generated on the network are watermarked until payment is successfully disbursed. Upon this time, watermarked renderings may be downloaded. And all payment is preserved in escrow until manually established as correctly rendered.
History of Render Token (RNDR)
Render Jules Urbach founded token in 2016. Urbach is the CEO of OTOY, a cloud-rendering company. The whitepaper of Render Token was broadcasted on August 28, 2017. Ari Emanuel is the co-founder and co-CEO of Render Token. J.J. Abrams is the director and CEO of Bad Robot Productions. The entire supply of RNDR token is 504,793,762, and the total collection is 536,870,912.
How Are New RNDR Coins Created?
As declared by Render Network, with the development of the network, more Render Tokens will be included in the ecosystem of the network. Such tokens will either be under the Render account as user assets, airdrops, tips for node operators or other token distribution plans. The quantity of RNDR tokens was steamed in July 2020.
Render Token Overview
|Coin Name||Render Token|
|USD Price||$ 0.44|
|24h Volume||$ 11,876,595|
What is the future of Render Token?
The future of Render Token is highly conditional on the all-around implementation of the crypto enterprise. When investing in RNDR token, you need to make sure you are using the right strategy. This type of investment is inappropriate for those with an asymmetric hazard profile. However, it is still an excellent asset for those with high-risk toleration and a solid financial situation. In addition to its speculative nature, RNDR token offers exposure to global technology and an ever-growing ecosystem.
Render Token Crypto RNDR Coin Live Price, Market Cap, Volume, Supply.
|#||Name||Price||Changes 24h||Market CAP||Volume||Supply|
Render Token Price Prediction 2022-2031.
|Year||Minimum Price||Average Price||Maximum Price|
RNDR token Price Prediction 2022
The price of the Render Token is predicted to reach a minimum value of $0.78 in 2022. The Render Token price could get a maximum value of $0.86, with an average trading price of $0.82 throughout 2022.
Render Token Price Prediction 2023
The price of the Render Token is predicted to reach a minimum value of $1.12 in 2023. The Render Token price could get a maximum value of $1.39 with an average trading price of $1.16 throughout 2023.
Render Token (RNDR) Price Prediction 2024
According to our profound technical analysis of past price data of RNDR, In 2024. Render Token is predicted to reach a minimum of $1.68. The RNDR token price can bring a maximum level of $1.95 with an average trading price of $1.72.
Render Token (RNDR) Price Prediction 2025
According to our deep technical analysis of past price data of RNDR token, In 2025. The price of the Render Token is forecasted to be roughly the lowest value of $2.40. The Render Token price value can get a maximum of $2.91 with an average trading value of USD 2.48.
RNDR token Price Prediction 2026
The render Token price is forecast to reach the lowest possible $3.51 in 2026. As per our conclusions, the RNDR price could earn the maximum possible rank of $4.15 with an average prediction price of $3.61.
Render Token Price Prediction 2027
Per the prediction and technical analysis, In 2027, the price of Render Token is anticipated to earn a minimum price value of $5.06. The RNDR token price can get a maximum price of $6.09 with an average value of $5.24.
Render Token (RNDR) Price Prediction 2028
The render Token price is forecast to reach the lowest potential of $7.58 in 2028. As per our conclusions, the RNDR price could get the highest possible level of $9.01 with an average prediction price of $7.84.
Render Token (RNDR) Price Prediction 2029
The price of the Render Token is predicted to reach a minimum level of $11.30 in 2029. The Render Token price can get a maximum level of $13.38 with an average price of $11.61 throughout 2029.
Render Token (RNDR) Price Prediction 2030
The price of 1 Render Token is anticipated to reach a minimum of $16.13 in 2030. The RNDR token price can earn the highest level of $19.71, with an average price of $16.71 throughout 2030.
Render Token (RNDR) Price Prediction 2031
Per the prediction price and technical analysis, In 2031, the price of Render Token is forecasted to reach a minimum level of $22.68. The RNDR token price can reach a maximum level of $27.81 with an average trading price of $23.35.
- Is Render Token a Good Investment?
Many experts and traders believe that Render Token has been an excellent investment for a long time. Surprisingly, the value is increasing. Therefore, it is ensured that the asset will deliver a good return.
- How Much Will Render Token be Worth in 2025?
Many platforms and analysts think that the price of Render Token will continue to increase in the next five years, surpassing the $2.16 mark by the end of 2025. Even though the price appears like a stretch, you never know. RNDR and other Cryptocurrencies are very explosive and can switch directives at any time.
- How Much Will Render Token be Worth in 10 Years?
There is a greatly higher probability that the price of the Render Token will grow to $15.15 in ten years. The Value of 1 Render Token can reach the lowest price of $14.75 and the highest price of $16.58 within the following 8 to 10 years.