Where to Buy Render Token (RNDR) Crypto: Beginner’s Guide

Are you a motion graphics specialist? Have you heard about the new blockchain and crypto-enabled project called the Render Network? Render enables users to contribute their unutilized GPU power to assist other projects with rendering motion graphics and help projects with rendering visual effects like motion graphics.

In return for providing the computing power, users receive RNDR tokens which they use to access utility through the Render Network. Render reduces and simplifies processes involved in rendering and streaming 3D virtual environments and visual effects by creating a peer-to-peer network where users can use underutilized computing power affordably and efficiently.

The team behind the Render Network built the project intending to create an essential tool for creating next-generation digital services and products in the metaverse. This post unpacks everything you need to know about the Render Network and its native token, RNDR.

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KuCoin: Beginner Friendly & Lots of Choice

This exchange, one of the oldest and most popular brokers globally, is especially suited for derivatives traders and sophisticated investors. However, everyday investors looking to get into the market can make use of the broker as well.

Based in Seychelles, KuCoin isn’t licensed to operate in the United States. However, investors in other countries can easily access the broker and buy coins. The exchange currently supports over 200 cryptocurrencies and 400 trading pairs, and it has a full suite of features that encompasses savings, staking, and even Initial Exchange Offering (IEO) participation.

This broker works for advanced traders or beginners, the interface takes a little time to get used to but it's fairly intuitive and there are tutorials on the site.

Currently, KuCoin doesn’t accept bank deposits. Instead, the broker allows investors to deposit using cards, swift peer-to-peer (P2P) transfers, and direct crypto transfers. Users can only deposit fiat or crypto, and KuCoin requires a $5 minimum deposit.

Trading fees on KuCoin stand at a flat rate of 0.1%. However, these fees could reduce based on users’ 30-day trading volumes and their ownership of KuCoin’s KCS token.

The broker also takes security very seriously, with bank-level encryption and security infrastructures to keep users’ funds and data safe.

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• No bank deposit option

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3D Rendering and the Metaverse

Digital entertainment encompasses a wide range of products and services. From online gaming and animations to the DeFi metaverse, motion graphics, CGI, and 3D visual effects are essential for creating new user experiences and advancing the industry technology.

3D graphics and animations have several industrial applications, from architectural and scientific visualization to creating, prototyping, and simulating products. The growth in demand for HD user experiences online and offline created a significant shortage and need for 3D rendering technology.

For the layman, rendering is a process whereby a graphics processing unit (GPU) converts a model into a virtual 3D display with detail and texture. The algorithmic calculations required to complete the rendering process are complex and the most computationally difficult part of creating 3D graphics models.

3D rendering gets even more complicated when there’s a need to generate graphics in real-time, for instance, during a video game like Call-of-Duty, where players move between different player environments or virtual reality environments.

As demand for immersive digital experiences grows, rendering sees exponential growth in the tools, talent, and systems required to complete the rendering process.

RNDR Explained

With the Render Network, users can allocate their excess GPU power to other users on the network, earning the platform’s native token, RNDR, for the service. Through the process of creating a peer-to-peer network where users tap GPU power affordably, Render simplifies the conventional processes of rendering and streaming virtual 3D environments and visual effects.

The Render Network focuses on solving three problems for its users.

Scaling

One of the primary aspects of the render Network that make it so appealing to users is its scalable GPU network can accommodate the requirements of all users, regardless of the GPU power they require for their project.

Render operates a decentralized network relying on automated reputation management and job allocation that scales with the user’s needs. The open network of verified rendering service providers offers creators an affordable and effective alternative to expensive local solutions.

Functionality and Operational Cost Savings

Users of the Render Network have options to commission a job or farm out their GPU power. Businesses, design studios, and motion graphics artists relying heavily on 3D modeling and rendering hesitate to spend capital on acquiring data centers stocked with GPUs.

The need to constantly update GPUs every other year to maintain the latest processing benchmarks is a costly strategy. GPUs, especially the high-level models involved in 3D graphics rendering on large products, consume significant energy, driving up operating costs.

IP Security

The Render Network provides users with a digital management system built on the blockchain. This blockchain-enabled ledger, encryption, and OctaneRender service secure the network.

Most existing rendering service options utilize centralized rendering platforms that delete or censor data without alerting the user. However, the Render network leverages blockchain technology to ensure the protection of the creator’s rights.

Efficient Resource Management

With the advent of the metaverse, play-to-earn gaming, and the crypto economy, the demand for commodities like GPU capacity is at an all-time high. However, some companies may not always utilize their GPU processing power.

For instance, a business operating in London is in a different time zone from one working in Los Angeles. So, two design forms in these cities could utilize the Render network to access the dormant GPU power while their offices are closed.

RNDR Token brings creators a decentralized system tracking and managing rendering jobs. The strategy of the Render protocol assists with providing better levels of efficiency to the digital media, gaming, AR, VR, industrial, and medical sectors of the economy.

As a result of improved efficiency, members of the Render Network notice a decrease in their carbon footprint, moving them towards an enhanced ESG score.

Improvement in Performance

The lack of resources in industries leveraging digital technology is a big concern. The demands of a high-end rendering project are energy-intensive and time-consuming.

The RNDR token leverages the GPU power of its distribution network, creating a decentralized pool of GPU rendering capacity available to network participants.

The Render Proof-of-Render (PoR) Protocol

The Render Network is built on two technologies – OctaneRender and the Ethereum blockchain. This rendering app is the brainchild of OTOY. The Render Networks payment and data verification processes rely on the Ethereum network for delivery.

OctaneRender facilitates the 3D rendering work is enabled via the open source ORBX streaming framework for optimal rendering efficiency. The Render Network relies on its multi-tier pricing protocol, where it identifies a user’s reputation score when determining job allocation.

Creators can select one of three tiers when signing up for the Render Network. The three tiers are as follows.

• Tier 1 (Trusted Partners).
• Tier 2 (Priority).
• Tier 3 (Economy).

All Tier 1 rendering services are completed by reputable GPU node operators that charge users higher fees. Creators receive their reputation score based on feedback from node operators. This feedback determines how many concurrent nodes users can access at any time. Therefore, the user’s reputation score is responsible for the speed associated with task completion on the Render Network.

Similarly, those node operators with a good reputation score can process higher-tier jobs. These jobs pay more RNDR, with top-rated node operators receiving fast job allocation via the automated algorithmic job-matching platform.

The tiered structure of the Render Network forms the base for the Proof-of-Render governance system on the Render Network. The PoR protocol relies on manual and automated inputs when determining reputation scores.

The PoR protocol resembles a Proof-of-Work (PoW) configuration in that the node operators use resources to earn crypto tokens. However, in the case of the Render Network, node operators will utilize the computing power for complex rendering jobs.

The algorithm governing the Render Networks pricing model automatically updates with the amount of work node operators receive compared to the changes in the GPU performance offered to the network. The price of GPU cloud rendering services from providers other than the Render Network is set by network demand and supply and electricity costs.

Each user on the Render Network receives a unique identifier attached to their OctaneRender account. This functions as an onboard KYC (Know Your Customer) facility for verifying transactions and users, reducing the chance of duplicate accounts and fraud.

After a rendering job goes live on the network, Creators use OctaneRender to review node operators and the progress of the rendering process in real-time. This process allows the user to identify any abnormalities in the processing time while the job is in progress.

Creators can score the node operator on their final deliverables. There are also options to rate the operator on deliverables in batches or frame by frame. The user’s feedback affects the node operators’ scores and how users perceive them when reading their reviews.

Additionally, the network evaluates active jobs automatically, comparing the node operators’ unutilized GPU power potential and the job’s requirements. The algorithm penalizes inefficient node operators, rerouting the work to other more capable node operators. The algorithm detects any large disparity between the actual output and the node operators’ OctaneBench service potential.

Using the Render Network

Creating Jobs

Creators submit jobs in ORBX file format using OctaneRender. Or they can choose to use a supported plug-in and set parameters on the output format, graphic resolution, and sample size. Creators can also select which service tier they want to use based on job priority and the on-chain performance and reputation score of the node operator.

Uploading Jobs

After uploading the job, the Render Network splits the creator’s assets into individual hashed and encrypted files. This protocol provides users with end-to-end project tracking while facilitating better security.

Assigning Jobs

The MTP protocol on the Render Network automatically assigns the node operators jobs based on reputation scores and the project specifications. When joining the Render Network, node operators experience automatic verification of their node performance, using this when allocating jobs to the account.

Completing Jobs

Node operators process every job using OctaneRender. This process provides the user with Proof of Render as they work through tasks. The contributions from the node operator are directly tied to their job submission and OctaneRender identifier, with OctaneRender also providing a facility for scoring the node operator and creator.

Verifying the Deliverables

Creators can watch the node operator complete their project in real-time. The system also allows creators to flag any suspicious processing abnormalities during the completion process. The protocol watermarks previews are shown to the creator until the completion of the project. The Render Network ensures all node operators’ outputs are encrypted for enhanced security.

Completing Your Payment

The creator sends the RNDR tokens for the project to an escrow account before the node operator starts working on the project. After receiving and approving the work, the protocol releases the funds from escrow to the node operator.

The Render Network takes a percentage of the RNDR charged to the creator to cover operating expenses. Typically, transaction fees are between 0.5% and 5%, depending on the project requirements and the selected tier.

RNDR Tokenomics

All transactions taking place on the Render Network are in RNDR. The Render token is built on the ERC-20 standard, and creators use it to pay for on-demand GPU computing power delivered to them by node operators on the Render Network.

The total supply of RNDR is capped at 536,870,912 tokens. The management team launched a public sale of RNDR in October 2017 and a private sale lasting from January to May 2018. The public sale received an allocation of 25% of RNDR inventory, and 10% went to the RNDR Reserve, with the 65% balance held in escrow to assist with modulating the demand and supply on the network.

The Render Network introduced RNDR Credits, giving creators the option of purchasing their rendering power using their Stripe or PayPal e-wallet. These Render Network credits are non-exchangeable.

While RNDR tokens are the primary token used for commerce on the Render Network, the platform continues to roll out user-friendly methods for non-tech-savvy creators to tap its decentralized services. The Render Network has a vast array of use cases, not only in the digital realm but also in industrial applications.

RNDR Wallets

If you’re looking to invest in the Render Network, you can do so by acquiring RNDR tokens. These tokens give you governance voting rights over the decisions made around the development of the platform and its use.

However, investors need somewhere to store their tokens outside of stake protocols. Unfortunately, RNDR doesn’t offer a dedicated wallet for RNDR tokens.

Since the RNDR token runs on the ERC-20 standard, it’s compatible with many hardware and software wallets. Do your research on the wallets available and the security they offer your tokens.

How to Buy Render on Uphold

Looking to buy Render? Get started on Uphold within minutes:

Step 1: Sign Up to Uphold

Visit Uphold and hit the "Signup" button at the top right of the website.

Once the account is created, Uphold requires that users enter their personal information, including legal name and date of birth, as shown on their government documents. They’ll also need to enter their home address information and verify their phone number to finalize the process. This is a basic verification process

Step 2: Fund Your Account

Uphold offers fee-free deposits to its customers. They can deposit funds into their Uphold wallet using cryptocurrencies, debit cards, bank wire transfers, and crypto deposits. New users need additional verification to use the debit card or wire transfer options.

In the sidebar, click the "Linked Accounts" link and choose to add a card or a bank.

Enter your card or bank details.

Step 3: Buy Your Chosen Crypto

Now search for your chosen crypto to purchase, you can choose a currency to pay with, the amount and the crypto you wish to purchase.

After selecting the trading pair, click on the “preview trade” option and it will show you the trade and fees, finally click "confirm trade" to make the purchase.

In Closing

With the expansion of the metaverse and the growing demand for GPU processing power, we can expect the Render Network to experience fast adoption.

It solves many problems that conventional methods fail to deliver, providing creators with the resources to complete projects and advance the technology and industry.

The RNDR token offers users a way to earn from their used GPU power while providing a valuable service to the industry. We expect this project to do well in the coming years, and it’s one to watch.

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