This week, the RNDR crypto asset will be listed on Indodax. Open deposits will start on March 1st, 2023, at 14:00 WIB, and available trading will start on March 2nd, 2023, at 14:00 WIB.
RNDR works with ERC20 networks. Render Token is a distributed GPU rendering network that built on Ethereum Blockchain. Curious? Come on, read more here!
Data and Information
Many processes in our lives involve technology. Rendering is how our smartphones and computers constantly display images, videos, and games that make our lives easier or more enjoyable.
The point is there are lots of use cases for rendering, selecting and these offerings are constantly increasing.
Render Token (RNDR) is a distributed GPU rendering network built on the Ethereum blockchain.
It aims to contact artists and studios needing GPU processing power with mining partners willing to rent out their GPU capabilities.
Created in 2009 by OTOY, inc. CEO Jules Urbach launched in 2017.
Token Render
The Render Token will be the primary unit to exchange rendering and streaming services and proof-of-render jobs on the OctaneRender Cloud (ORC) network, OTOY’s cloud rendering marketplace.
In its final form, the token will enable users to leverage the wide variety of GPUs available on a peer-to-peer network, enabling fast and reliable rendering facilitated and resolved by the blockchain.
On the ORC Network, users will create accounts linked to the Ethereum blockchain via smart contracts and unique wallets.
By purchasing and storing Render tokens in their accounts, users will be able to exchange these tokens on the network for various rendering and streaming services.
During this exchange, the network will send a Render token smart contract request to perform a transaction with both parties – the person or server processing the render/stream and the person requesting the rendering service.
The cost of work will be calculated and specified in Render tokens. The smart contract will then transfer the funds across the account once the job rendered has been completed.
Once the process is complete, users can withdraw their Render Tokens into Ethereum and convert them to fiat currency.
RNDR crypto assets
The current CoinMarketCap ranking is #101, with a live market cap of $399,201,902 USD. It has a circulating supply of 253,798,860 RNDR coins and a max. supply of 536,870,912 RNDR coins.
How to Buy RNDR Crypto Assets on Indodax
Those who want to buy RNDR crypto assets can buy them on Indodax starting March 2nd, 2023, at 14:00 WIB. Here’s how to buy it:
- You can register immediately for those of you who still need to become a member.
- After that, make a deposit.
- After your deposit and balance are entered, you can return to the Indodax market.
- Look for RNDR on the IDR market, then click on it.
- After entering, you must buy by filling in your balance and at what price you want to buy RNDR. You can also buy it instantly or directly at the current price.
- After that, you need to wait for the price to increase for some time
- After the price increases, you can sell at a higher price with the instant method
- If you sell with the limit method, you can place an order after buying. Make sure you enter a higher number when selling.
