Render (RENDER) Tokenomics
Render (RENDER) Tokenomics & Price Analysis
Explore key tokenomics and price data for Render (RENDER), including market cap, supply details, FDV, and price history. Understand the token's current value and market position at a glance.
Render (RENDER) Information
In-Depth Token Structure of Render (RENDER)
Dive deeper into how RENDER tokens are issued, allocated, and unlocked. This section highlights key aspects of the token's economic structure: utility, incentives, and vesting.
Render Network’s token economics have evolved significantly, especially with the migration from Ethereum (ERC-20 RNDR) to Solana (SPL RENDER). Below is a comprehensive breakdown of the token’s issuance, allocation, usage, incentives, locking, and unlocking mechanisms, with tables and detailed explanations.
Issuance Mechanism
- Initial Supply: RNDR was launched on Ethereum in 2017 with a proposed max supply of ~2.15 billion. A major burn event in August 2020 reduced this to ~536.87 million. Later, with the migration to Solana, new SPL RENDER tokens were minted.
- Bridging and Minting: When bridging RNDR from Ethereum to Solana (via Wormhole) or Polygon, the origin tokens are locked, and new tokens are minted on the destination chain. The swap from RNDR (ETH) to RENDER (SOL) is one-way and at a 1:1 ratio.
- Burn-Mint Equilibrium (BME): On Solana, the BME model is used: artists burn RENDER tokens to receive non-fungible Render Credits (work credits), and new RENDER tokens are emitted as rewards to node operators and creators.
Allocation Mechanism
Legacy RNDR (ERC-20) Allocation
| Allocation Category | % of Initial Max Supply | Notes |
|---|---|---|
| Public & Private Sales | ~22–25% | ~134.22M RNDR sold in public/private sales |
| Team & Advisors | ~10% | 6-month lock-up |
| User Development Fund | ~65% | ~348.97M RNDR for ecosystem growth |
| RNDR Reserve | ~10% | For user acquisition, bonuses, airdrops |
SPL RENDER (Solana) Emissions (Year 2 Example)
| Recipient | Amount (RENDER) | % of Emissions | Notes |
|---|---|---|---|
| Render Network Foundation | ~2.90M | ~49.15% | Operations, grants, R&D, growth |
| Node Operators | ~1.50M | ~25.42% | Rewards for GPU work |
| Creators (Artists/Clients) | ~1.50M | ~25.42% | Rebates for RENDER spent on jobs |
Usage and Incentive Mechanism
- Primary Use: RENDER is used to pay for GPU compute/rendering jobs. Artists burn RENDER to receive Render Credits, which are then used to submit jobs.
- Node Operator Incentives: Node operators earn RENDER for fulfilling jobs, distributed as network emissions.
- Creator Rebates: Creators receive rebates in RENDER for tokens spent on rendering services.
- Upgrade Incentives: Users who upgraded from RNDR to RENDER between Oct 2023–Oct 2024 received additional rewards and gas fee rebates.
- Governance: RENDER holders can propose and vote on network changes via Render Network Improvement Proposals (RNPs).
Locking Mechanism
- Team & Advisors: Subject to a 6-month lock-up post-allocation.
- Bridging: When bridging RNDR to RENDER, the origin tokens are locked to mint destination tokens. The process is one-way and irreversible.
- Emission Schedules: Foundation and user rewards are distributed according to emission schedules, with tokens held in custody or escrow until released.
Unlocking Time
- Team & Advisors: 6-month lock-up after allocation.
- Upgrade Incentives: Available for users upgrading tokens from Oct 2023 to Oct 2024.
- Emission Schedules: Foundation and user rewards are released monthly or annually as per the emission plan.
- No Explicit Vesting for All Allocations: Not all allocations have explicit vesting schedules; some are distributed as needed for network growth.
Additional Notes
- Token Supply (as of Dec 24, 2024): ~945.54 million across all networks (Ethereum, Polygon, Solana).
- Top Holder Concentration: On Ethereum, the top 10 addresses hold ~79.55% of RNDR; on Solana, the top 10 hold ~57.22% of RENDER.
- Burn/Buyback: The network has conducted token burns and buybacks to manage supply and incentivize participation.
Summary Table: Key Token Economics
| Aspect | Details |
|---|---|
| Issuance | Initial burn, BME on Solana, bridging with lock/mint |
| Allocation | Public/private sale, team/advisors (locked), user fund, foundation, node/creator rewards |
| Usage | Payment for compute, governance, rebates, node rewards |
| Incentives | Upgrade rewards, node/creator emissions, governance rights |
| Locking | Team/advisors (6m), bridging lock, emission custody |
| Unlocking | Team/advisors (6m), emissions per schedule, upgrade window (Oct 2023–Oct 2024) |
References for Further Reading
- Render Network Upgrade Portal FAQ
- RENDER SPL Token Model
- Token Metrics Summary
- RNP-001: Burn Mint Equilibrium
- RNP-006: Emissions
This comprehensive overview reflects the latest available data and governance-approved mechanisms as of October 2024. For the most granular and up-to-date details, always consult the official Render Network documentation and governance proposals.
Render (RENDER) Tokenomics: Key Metrics Explained and Use Cases
Understanding the tokenomics of Render (RENDER) is essential for analyzing its long-term value, sustainability, and potential.
Key Metrics and How They Are Calculated:
Total Supply:
The maximum number of RENDER tokens that have been or will ever be created.
Circulating Supply:
The number of tokens currently available on the market and in public hands.
Max Supply:
The hard cap on how many RENDER tokens can exist in total.
FDV (Fully Diluted Valuation):
Calculated as current price × max supply, giving a projection of total market cap if all tokens are in circulation.
Inflation Rate:
Reflects how fast new tokens are introduced, affecting scarcity and long-term price movement.
Why Do These Metrics Matter for Traders?
High circulating supply = greater liquidity.
Limited max supply + low inflation = potential for long-term price appreciation.
Transparent token distribution = better trust in the project and lower risk of centralized control.
High FDV with low current market cap = possible overvaluation signals.
Now that you understand RENDER's tokenomics, explore RENDER token's live price!
How to Buy RENDER
Interested in adding Render (RENDER) to your portfolio? MEXC supports various methods to buy RENDER, including credit cards, bank transfers, and peer-to-peer trading. Whether you're a beginner or pro, MEXC makes crypto buying easy and secure.
Render (RENDER) Price History
Analyzing the price history of RENDER helps users understand past market movements, key support/resistance levels, and volatility patterns. Whether you are tracking all-time highs or identifying trends, historical data is a crucial part of price prediction and technical analysis.
RENDER Price Prediction
Want to know where RENDER might be heading? Our RENDER price prediction page combines market sentiment, historical trends, and technical indicators to provide a forward-looking view.
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Disclaimer
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Amount
1 RENDER = 2.378 USD