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Brendon Lim
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RNDR now available on Coinhako

RNDR now available on Coinhako

We are very excited to share that RNDR Coin (RNDR), is now listed on Coinhako.

What is RNDR?

RNDR is the native cryptocurrency of the Render Network, a decentralized GPU rendering network that enables artists, designers, and creators to access high-performance computing resources for rendering graphics, animations, and other visual content.

Render aims to revolutionize the rendering industry by providing a platform where users can easily access and utilize GPU resources for rendering tasks. Through blockchain technology, users can securely transact RNDR Coins to access computing power on the network.

The total supply of RNDR tokens is limited to 536,870,912. All transactions on the Render Network are conducted in RNDR, the ERC-20 utility token utilized by creators to pay for on-demand GPU compute services provided by node operators.

How does the Render Network work?

The Render Network is a platform that enables users to donate their idle GPU power from their personal devices to support projects in rendering motion graphics and visual effects. In return, they receive Render token (RNDR), the native utility token of the Render Network. By establishing a peer-to-peer (P2P) network that allows individuals to access underutilized computational power affordably and effectively, Render significantly streamlines the conventional workflows for rendering and streaming 3D environments and various visual effects.

The Render Network addresses three primary challenges for its users:

  1. Scalability: A key advantage of Render is its adaptable GPU rendering network that can be expanded to any extent to fulfill user requirements. The decentralized network of Render depends on an automated reputation and job allocation system that can grow alongside the demands of any project. Render's inclusive network of verified rendering service providers offers a cost-effective alternative to expensive local market options.

  2. Flexibility: Render Network users have increased flexibility, whether they are requesting a job or leasing out their surplus GPU power. This leads to improved operational efficiency overall. Numerous motion graphic artists and businesses heavily dependent on 3D rendering and modeling are reluctant to invest large sums in data centers equipped with GPUs, especially considering the frequent need for replacement due to technological advancements. Additionally, GPU units consume substantial electricity, which poses a challenge for many 3D graphics creators and users located in costly urban areas with high utility expenses.

  3. IP protection: Render offers a robust digital management system that utilizes blockchain-enabled record-keeping and encryption, along with OctaneRender-based service completion and scoring. Unlike many other service providers that operate on centralized platforms capable of censoring or deleting user data unexpectedly, Render harnesses the immutability of blockchain technology to safeguard creators' rights throughout their creative lifecycle.

Why does RNDR stand out?

The Render Network is constructed on the Ethereum blockchain and utilizes OctaneRender, a rendering application created by OTOY, the graphics software company responsible for the Render Network. The project's data verification and payment processes are supported by Ethereum, while 3D rendering tasks are conducted using OctaneRender in combination with the open-source ORBX media and streaming framework to enhance rendering efficiency.

Render relies on a multi-tier pricing (MTP) protocol that utilizes users' reputation scores to allocate jobs and maintain high service quality. Customers (Creators) can select from three tiers: Tier 1 (Trusted Partners), Tier 2 (Priority), and Tier 3 (Economy). Tier 1 services are typically handled by reputable GPU rendering service providers (Node Operators) who charge higher fees.

This tiered configuration forms the basis of the Render Network's Proof-of-Render (PoR) governance system. It combines automated and manual inputs to calculate user reputation scores. PoR operates similarly to Proof-of-Work (PoW) where Node Operators utilize computational resources to earn crypto tokens. However, in Render's system, Node Operators leverage their computational power to perform intricate VFX/3D rendering services instead of solving mathematical puzzles.

What can you do with RNDR on Coinhako?

🚀 Trade RNDR on Coinhako

RNDR will be available for users to trade across all swap pairs on Coinhako.

To gain access to any of these trading pairs, you can either:

  1. Fund your SGD wallet on Coinhako instantly with PayNow (or any other supported payment methods)
  2. Purchase RNDR instantly with Visa / Mastercard

Risk Warning on Digital Payment Token Services

Hako Technology Pte Ltd ("Coinhako") is licensed to provide digital payment token services under the Payment Services Act 2019 (No. 2 of 2019).

The Monetary Authority of Singapore ("MAS") requires us to provide this risk warning to you as a customer of a digital payment token ("DPT") service provider.

Before you pay your DPT service provider any money or DPT, you should be aware of the following.

  1. Your DPT service provider is licensed by MAS to provide DPT services. Please note that this does not mean you will be able to recover all the money or DPTs you paid to your DPT service provider if your DPT service provider’s business fails.
  2. You should not transact in the DPT if you are not familiar with this DPT. This includes how the DPT is created, and how the DPT you intend to transact is transferred or held by your DPT service provider.
  3. You should be aware that the value of DPTs may fluctuate greatly. You should buy DPTs only if you are prepared to accept the risk of losing all of the money you put into such tokens.
  4. You should be aware that your DPT service provider, as part of its licence to provide DPT services, may offer services related to DPTs which are promoted as having a stable value, commonly known as “stablecoin”.

Visit: Coinhako.com/risk-disclosure for more information.