Render RENDER

Render is a utility token that operates on the Solana blockchain and is designed to power the network's proprietary platform. It connects users in need of rendering services with owners of unused graphics processing units (GPUs). By utilizing technology, the network distributes rendering tasks among participants, which significantly increases efficiency and reduces the cost of creating high-quality content.

The Render Network works on a simple principle: content creators such as game developers, architects, and VR specialists submit their tasks to the platform, where they are distributed among node operators - GPU owners who provide their computing resources. Once the tasks are completed, the results are returned to the customer, and the node operators are rewarded in the form of RENDER. This process is enabled by smart contracts that guarantee transparency and automation of transactions.

The Render token was launched in 2017 by OTOY Inc. However, a rebranding took place in July 2024 and the RNDR token was renamed to the current RENDER. As a result of this update, users received the new RENDER tokens at a 1:1 ratio to the old tokens. Deposits and withdrawals for the new RENDER tokens have been enabled on the Binance platform, while support for the old RNDR has been discontinued. As of today, the token’s price is $1.54, with a market capitalization of $801.78M, and a trading volume of $17.83M in the last 24 hours. Its historical high (ATH) price reached to $13.59 and a historical low (ATL) is $0.0368.