Projects listed: 276 |
BTC Dominance: 0.00% | Volume (24h): $46,096,149,727 | Market Cap: $2,511,677,291,396
Render Token
RNDR
$6.44
Sector
Web 3.0
Exchange Debut
2020-12-06
Market Cap
2,528,004,253
Maxim Supply
532,219,654
Circulating Supply
392,459,381
Circ. Supply(%)
73.74%
Render Token
RNDR
Price
$6.44
Market Cap
Sector
Exchange Debut
Volume 24h
High 24h
Low 24h
31879846
6.632328791622
6.269399169693
Change 24h
Change 7d
Change 30d
-2.203
-1.5326
-8.206
Maxim supply
Circulating supply
Circulating supply(%)
532,219,654
392,459,381
73.74%
The opinion of artificial intelligence (AI), based on the fundamental analysis of the Render Token cryptocurrency:
Render Token – RNDR, a groundbreaking project built on the Ethereum blockchain, aims to revolutionize the GPU rendering landscape by bridging the gap between artists, studios, and GPU miners. With its genesis dating back to 2009 and a commendable journey through various phases, RNDR has managed to secure a respectable score of 7.07 out of 10 in our detailed fundamental analysis of the Render Token – RNDR cryptocurrency. This analysis dives deep into various facets of the project, shedding light on its strengths, areas of improvement, and potential prospects.
SOCIAL & MASS MEDIA: Score 6.3 out of 10
The Render Token’s presence in the digital world remains moderate, reflecting in its ability to pull followers and maintain active communities. The administrators’ activities, combined with the community’s involvement on their platforms, indicate a budding engagement. The media’s relatively average presence and sizable chat group communities highlight its potential growth areas in the fundamental analysis of the Render Token – RNDR cryptocurrency.
AUDIT & SECURITY: Score 6.3 out of 10
RNDR’s audit results, while satisfactory, hint at areas for enhancement. Although transparency could be bolstered, its standout feature remains its exceptional liquidity on exchanges, signifying a trustworthy and fluid trading environment.
TOKENOMICS: Score 7.65 out of 10
In the realm of tokenomics, the project’s inflationary nature and the distribution of its monetary mass lean towards being well-balanced. Ensuring that tokenomics remain robust is integral for the long-term viability of any project, especially in the fundamental analysis of the Render Token – RNDR cryptocurrency.
ECOSYSTEM DEVELOPMENT: Score 5.8 out of 10
Render Token’s ecosystem development demonstrates a foundation built with potential. While they’ve made some progress, there’s room to accelerate the achievement of objectives and bring new innovations to the forefront.
TEAM & DEVELOPERS: Score 8.2 out of 10
The backbone of RNDR is undoubtedly its experienced team, showcasing prowess and capability in their domain. However, an area of potential growth lies in expanding the number of software developers, strengthening the project’s technical foundation.
PRODUCT & UTILITY: Score 8 out of 10
The utility of both the product and tokens within the ecosystem underscores the real-world applicability and potential success of RNDR. A high score in this sector of our fundamental analysis of the Render Token – RNDR cryptocurrency underscores its real-world relevance and potential for adaptation.
PARTNERS & INVESTORS: Score 7.65 out of 10
A robust network of partners and investors underpins the project. The quality and quantity of these relationships hint at the project’s credibility and the trust it has garnered in the market.
Fundamental analysis of Render Token cryptocurrency – The final conclusion
Upon a comprehensive review, RNDR showcases significant promise backed by strong pillars of team experience, product utility, and commendable partner relations. However, like all investments, potential risks emerge from areas like ecosystem development and enhanced transparency needs. For anyone considering diving into this venture, it’s vital to weigh these aspects in light of the potential the fundamental analysis of the Render Token – RNDR cryptocurrency reveals. This analysis suggests a project with both strengths to leverage and areas for growth and vigilance. With prudent decision-making and continued progress, RNDR might just be a name to reckon with in the future crypto landscape.
The Render Network is the leading provider of decentralized GPU based rendering solutions, revolutionizing the digital creation process.
The Render Network is designed to connect users looking to perform render jobs with people who have idle GPUs to process the renders. Owners would connect their GPUs to the Render Network in order to receive and complete rendering jobs using OctaneRender. Users would send RNDR to the individual performing the render work and OTOY would receive a small percentage of RNDR for facilitating the transaction and running the Render Network.
Once they’ve registered their idle GPUs on the Render Network, these GPU owners become “Node Operators” and are able to earn RNDR Tokens. They do this by accepting jobs from users in need of rendering work, known as “Creators”, who send their files to the Render Network, where they are assigned to Operators. Render receives a small percentage of the RNDR paid out in order to maintain the network and facilitate the transaction.
Founded in 2016 by Jules Urbach, CEO of OTOY, Render is the next step in his dream of the open metaverse. With Headquarters in Los Angeles, CA and a team based around the globe, the Render Network and those behind it have been growing from strength to strength in the years since its establishment.
Our visual world is evolving at breakneck speed.
Authoring and publishing state-of-the-art graphics is an immense challenge that is growing each day. The future demand for advanced rendering will lead to even more complexity and require higher resolution and more interactivity.
Network Scalability
Scaling GPU rendering power is too difficult with traditional render technology.There are limits on what can be done rendering locally, on a network, or even in the cloud. It’s impossible to leverage GPUs throughout the world efficiently without some sort of decentralized system that tracks and manages render jobs.
The Sleeping GPU Network
GPUs, the most efficient rendering hardware, are now a standard component on every phone and PC. However, the current system harbors many inefficiencies. Most developers’ GPUs remain idle when they are not rendering their own work, leaving a wealth of potential power waiting to be tapped.
A Better Use for GPU Power
Today a large amount of GPU power is used in ‘Proof-of-Work’ mining, where GPUs are used to solve arbitrary arithmetic functions in order to provide the base power and security for their respective crypto networks. But PoW mining is inherently inefficient, and wastes the true power in GPUs.
There is no universally accessible storage location for artists to store their work and know that it is theirs. Through the blockchain and the ledger-based storage protocol of the RNDR™ network, artists are able to store and access their designs and creations.
Where Can You Buy Render Token – RNDR?
RNDR can be purchased on cryptocurrency exchanges such as Binance, Kucoin and Gate.io.
All you need to do is create a free account on any of these exchanges and start trading.
- Latest analysis update: October 3, 2023
Render Token - RNDR performance
GENERAL CRITERIA:
Score
SOCIAL & MASS MEDIA
0
AUDIT & SECURITY
0
TOKENOMICS
0
ECOSYSTEM DEVELOPMENT
0
TEAM & DEVELOPERS
0
PRODUCT & UTILITY
0
PARTNERS & INVESTORS
0
Content description – Go to Metholodogy
Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.
Audit & Security In particular, the team looks if the project is audited, how extensive the audit is, at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.
Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.
Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.
Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.
Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.
Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.
Go to Methodology
Content description
Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.
Audit & Security In particular, the team looks if the project is audited, how extensive the audit is, at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.
Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.
Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.
Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.
Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.
Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.
