| General information | |
|---|---|
| Global rank: | 29 |
| Name: |
Render |
| Symbol: | RENDER |
| Current coin price (LBP): | 591 899.60 £ |
| Last hour: | arrow_upward2.46 % |
| Last 24 hours: | arrow_upward1.09 % |
| Last 7 days: | 8.62 %trending_up |
| Capitalisation (LBP): | 306 420 878 851 836.25 £ |
| Volume 24h (LBP): | 34 119 620 680 250.76 £ |
| Available supply: | 517 690 631.00 RENDER |
| Total coin supply: | 536 870 912.00 RENDER |
| Start date: | 2019-02-12 |
Trading information
| Today | Last week | Last month | Last year | All time | |
|---|---|---|---|---|---|
| Open: | - | ||||
| High: | |||||
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| Close: | - |
Render/Lebanese Pound (RENDER/LBP) price chart
Render/Lebanese Pound (RENDER/LBP) capitalisation and volume charts
Render is a platform that leverages blockchain technology to provide decentralized GPU-based rendering solutions. Its native cryptocurrency, Render Token (RNDR), plays a significant role within this ecosystem. Render's goal is to change the digital creation process by using globally available, underutilized GPU power, aiming to democratize access to rendering resources.
Render was founded in 2016 by Jules Urbach, the CEO of OTOY, a company known for its work in digital graphics. Render represents a progression in Urbach's vision for an open metaverse. The project, headquartered in Los Angeles, CA, has grown since its inception and gained recognition in the crypto and digital graphics communities.
The Render Token (RNDR) serves as a means of exchange within the Render Network. It enables users requiring rendering jobs to compensate those providing GPU resources. RNDR tokens facilitate a marketplace where GPU power is traded for digital content creation. In this context, RNDR isn't just a payment method; it's also a measure of the computational work needed to produce digital renders, thereby helping to establish the value of rendering work on the Render Network.
To utilize the Render Network, you need RNDR tokens, which can be obtained on several cryptocurrency exchanges. Once you've secured RNDR tokens in your wallet, they can be used within the Render ecosystem.
If you possess idle GPUs, you can register as a "Node Operator" on the Render Network, where your GPU's power can be used to complete rendering tasks in return for RNDR tokens. You simply connect your GPUs to the Render Network and begin accepting jobs.
Conversely, if you're a "Creator" needing rendering work, you can submit your projects to the Render Network. The network assigns your job to an available Node Operator, and you pay for this service with RNDR tokens.
In each transaction, OTOY receives a small percentage of RNDR tokens as a fee for maintaining the network and enabling operations.
Remember, it's crucial to store your RNDR tokens in a supported wallet and always follow good security practices when dealing with cryptocurrencies.
