Answering the most common questions about the RNDR token
As of April 27th, 2020, Render Network has fully launched its platform, available to join at rndr.x.io.
Due to the current nature of exchange news and listings, we can only announce developments when confirmed by our exchange partners.
To stay up to date on any project updates, turn on Telegram/Twitter notifications, as well as Medium reminders, to keep up with the latest Render Network news.
Max Supply: 536,870,912 RNDR
Total Supply: 504,793,762 RNDR
Circulating Supply: 109,875,629 RNDR
Public Sale period: October 2017
Public Sale Price: 1 RNDR = $0.25 USD equivalent of token*
Public Sale Bonus: 20% Genesis Bonus (Dec 5, 2018)
Public Sale Vesting: none
Private Sale period: January 2018 — May 2018
Private Sale Price: 1 RNDR = $0.25 USD equivalent of token*
Private Sale Bonus: 2.5% to 30% Bonus
Private Sale Vesting: none
A total of 117,843,239 RNDR out of 536,870,912 RNDR have been allocated since the public token sale in October 2017
RNDR Token’s migration updates the ERC-20 tokens distributed to token holders to include additional escrow smart-contract functionality.
The migration ratio is set at: 1 Old RNDR => 1 Current RNDR
The current contract can be found at 0x6de037ef9ad2725eb40118bb1702ebb27e4aeb24
Currently 91.8m RNDR has been migrated
Migration supply limit: 536,870,912 RNDR
The migration will stay open indefinitely.
If you still own old tokens from the token sale in 2017 you can follow the following instructions to migrate to the new ERC-20 contract:
If you go to the migration site your RNDR balances, old and new, won't show correctly. MetaMask browser extension stopped providing the window.web3 API to websites, so in order for our users to access these legacy websites, they created the MetaMask Legacy Web3 Extension.
If you install this extension alongside the regular MetaMask wallet extension, the migration website will show your balances again. Read more and find the official extensions here.
As the network scales, we will need to flow more tokens into the ecosystem. These tokens will either come through the RNDR Reserve as user acquisitions, bonuses for node operators, airdrops, or other future token allocation methods. These tokens are currently sitting in a third-party custody and escrow account
The network introduced RNDR Credits as an easy, creator friendly way to purchase rendering power on the network using PayPal and Stripe.
These Credits are non-exchangeable and only usable on the network. The Render Network uses tokens purchased on the open market to support the RNDR Credit system. As new payment options are created we will release information on the Render Network Medium channel.
The costs to run and maintain the Render Network are be covered by a variable network transaction fee on every job, ranging from 0.5–5% of the total RNDR needed to process the job (adjusted against GPU supply and Creator demand)
Any NFT you see today on any platform at some point had to be rendered, and artists can either choose to do that locally, which takes forever, or use Render Network, which takes a fraction of the time. As we are slowly discovering, a lot of NFT artists chose to use Render Network!
Render Network is poised as a core part of the NFT creation process, and looking to expand that role even further with the implementation of NFT archives.