The RNDR (Render Token) is an ERC-20 cryptocurrency associated with the Render Network, a decentralized platform designed to harness untapped GPU (Graphics Processing Unit) resources globally for rendering tasks. This token serves as a method of payment for rendering jobs on the platform and offers rewards to node operators who supply available GPU power for rendering.

Product Value and User Pain Points

The Render Network's core value proposition lies in its capacity to address the critical demands of rendering services, an integral process in converting 2D and 3D computer models into photorealistic images and scenes. This solution holds particular significance for a wide spectrum of industries, spanning media, gaming, augmented/virtual reality, and the medical sector, all of which hinge on swift and real-time rendering capabilities. The product provides several pivotal advantages:

A commitment to decentralization, where RNDR adeptly harnesses underutilized GPUs sourced from both individual users and global companies, consequently redistributing the rendering workload. This innovative approach effectively trims costs when juxtaposed with conventional cloud-based alternatives.

Rendering services offered by the Render Network come with inherent cost efficiency, making the platform a more economical choice for various rendering needs, especially when stacked against industry giants such as Google.

The platform's broad user base encompasses a multitude of creative professionals, including graphic artists, AR/VR/XR specialists, and more, who rely on rapid rendering for their diverse projects. Nevertheless, a crucial concern raised in the analysis revolves around the current obscurity regarding the utility and incentives tied to the RNDR token. As of the time of the analysis, it is pointed out that there exists no explicit rationale for holding RNDR tokens, potentially casting a shadow on the token's inherent value.

Tokenomics and Associated Risks

The tokenomics of RNDR are as follows:

• Max Supply: 536,870,912 RNDR tokens.


• Circulating Supply: 109,875,629 RNDR tokens (as per their website); 253,798,859.69 RNDR tokens (according to CoinMarketCap).

Notably, the circulating supply has seen significant growth, primarily due to the need for liquidity on new exchanges.

A significant risk highlighted in the analysis is the current token's limited utility. Users can purchase rendering services using RNDR credits, which are obtained through fiat transactions (PayPal and Stripe). This prevailing setup results in a dearth of compelling reasons for retaining RNDR tokens, potentially affecting their valuation.

Moreover, the outdated information within the whitepaper, especially concerning the project's economic potential, market scope, and tokenomics, represents a notable risk for potential investors. This suggests the possibility of a revision to the project's tokenomics in the future, potentially rendering the token more appealing to investors.

In terms of competition within the market, RNDR faces rivals such as the Golem Network and iExec RLC. While RNDR's focus remains on rendering, Golem and iExec cater to a more extensive range of use cases. This competition factor may influence RNDR's market positioning.