Render Rndr Price USD

RenderToken (RNDR) is a distributed GPU rendering network built on top of the Ethereum blockchain. Its goal is to connect artists and studios that need GPU computing power with mining partners who are willing to rent out their GPU capabilities. Jules Urbach, CEO of OTOY, Inc., came up with the idea for RNDR in 2009. It was released in 2017 and had its first public token sale in October of that year. From January to May 2018, a total of 117,843,239 RNDR were sold at a price of 1 RNDR = $0.25 USD per token. During the private sale, early adopters were put on the RNDR Beta Testnet, where beta node operators, artists, and the RNDR team worked together to build and test the network until April 27, 2020, when it will be open to the public.

RNDR is an ERC-20 utility token that artists on the network trade with GPU providers for GPU compute power (node operators). RNDR uses both a manual and an automatic proof of work system, or "proof of render" in this case, to make sure that all art has been successfully rendered before payment is made and the art is released. Using the security features built into the Ethereum blockchain, proprietary assets are hashed when they are uploaded and sent to nodes in pieces to be rendered. All RNDR payments are held in escrow while the work is being done, and node operators only get paid when the commissioning artist verifies that the work was done well. All assets rendered on the network are marked with a watermark until payment is successfully sent. Once payment is sent, unmarked renderings can be downloaded, and all payments are held in escrow until they are manually checked as being correctly rendered.

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