Token FAQ

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Token FAQ

Answering the most common questions about the RNDR token

Is there a working product?
As of April 27th, 2020, RNDR has fully launched its platform, available to join at rndr.otoy.com​
Which exchanges currently list RNDR?
All up to date listing information can be found at CoinMarketCap and CoinGecko. 
What other exchanges will RNDR be listed on?
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 RNDR news.
What is the token supply?
Max Supply: 536,870,912 RNDR
Total Supply: 504,793,762 RNDR
Circulating Supply: 109,875,629 RNDR
Was there a public token sale?
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
Was there a private token sale?
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
How much RNDR was sold during the public and private sales?
A total of 117,843,239 RNDR out of 536,870,912 RNDR have been allocated since the public token sale in October 2017
Why are there 2 different RNDR contracts?
RNDR Token’s migration updates the ERC-20 tokens distributed to token holders to include additional escrow smart-contract functionality.
How did the migration work?
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
Will the migration end?
The migration will stay open indefinitely.
How do I migrate my old tokens?
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:
RNDR Token Migration Instructions
Medium
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.
How does the 10% in the RNDR Reserve get used?
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
What are RNDR Credits?
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 RNDR 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 RNDR Medium channel.
What commission of RNDR does OTOY take from transactions?
The costs to run and maintain the RNDR 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)
How is RNDR involved in the creation of NFTs?


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 RNDR, which takes a fraction of the time. As we are slowly discovering, a lot of NFT artists chose to use RNDR!
RNDR 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 [LINK].