Render Token (RENDER) is the native token of a project that aims to connect artists, as well as studios working in film, TV, motion design, and architectural visualization—who require GPU (Graphics Processing Unit) computing power—with individuals or entities looking to rent out their unused GPU capacity. This article covers what Render Token (RENDER) is, how it works, and how to trade it on BtcTurk | Global.
Render Network has migrated from the Ethereum network to the Solana network. Therefore, the RNDR cryptocurrency on Ethereum has been converted to RENDER on Solana.
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What is Render Token (RENDER)?
Render Token (RENDER) is a decentralized GPU rendering network built on the Solana blockchain. The project aims to connect users who need GPU (Graphics Processing Unit) power with those who have excess GPU capacity. On the demand side, examples include artists and design studios, while on the supply side, it includes individuals and companies involved in mining operations.
Render Token (RENDER) was designed and developed in 2016 by Jules Urbach, CEO of OTOY, and launched in 2017. Still supported by its founding company OTOY, Render Token (RENDER) is based in Los Angeles. Its advisory board includes industry leaders from software, cryptocurrency, and film production, such as Ari Emanuel, J.J. Abrams, and Brendan Eich.
RENDER is a utility token operating on the Solana network. It is used as a means of exchange between artists, production and design studios seeking to utilize high GPU power on the network, and the network’s node operators who provide GPU resources.
How Does Render Token (RENDER) Work?
According to the project’s technical documents, the decentralized Render Token (RENDER) network operates based on an automated job assignment system that can scale according to the needs of any project. One of Render’s key propositions is that digital artists, designers, and producers often cannot afford to build expensive GPU data centers or regularly upgrade them. Through the Render network, these users can meet their GPU requirements more affordably and efficiently.
The Render Token (RENDER) network uses the Proof of Render (PoR) mechanism. All service and transaction data verification and payment processes within the network are carried out using the project’s native token, RENDER.
Render is based on a protocol that creates user reputation scores and a multi-tier pricing system. Customers—creators who require high GPU usage for their services—can choose among these tiers: Tier 1 (Trusted Partners), Tier 2 (Priority), and Tier 3 (Economy).
Tier 1 services generally consist of more reputable GPU rendering providers (Node Operators) who charge higher fees. Service users receive a reputation score based on feedback from Node Operators, which determines how many concurrent nodes they can access at any given time. This score also influences the time it takes to complete their requested tasks.
During the payment process for a rendering task, all funds are held in escrow. The RENDER tokens are released to the Node Operators only after the job creators manually confirm that a specified percentage of the work has been completed.
How to Store Render Token (RENDER)?
The native token of the Render network, RENDER, is built on the Solana blockchain. Besides your BtcTurk | Global account, you can store and manage your RENDER assets in desktop, mobile, and hardware wallets that support the Solana network.
How to Buy and Sell Render Token (RENDER)?
You can buy and sell Render Token (RENDER) with Tether (USDT) using the BtcTurk | Global website or mobile app. If you’re not yet a member, you can easily register on our website or app and buy Render Token (RENDER) by depositing cryptocurrency.
