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Render Network Announces Allocation and Unlocking of Token RNDR

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It is reported that Render Network, a decentralized 3D rendering solution provider, announced the allocation and unlocking of token RNDR. Render Network said t…

Render Network Announces Allocation and Unlocking of Token RNDR

It is reported that Render Network, a decentralized 3D rendering solution provider, announced the allocation and unlocking of token RNDR. Render Network said that when the RNP-001 proposal was put forward last year, the balance of the treasury wallet was 257 million RNDRs, of which 107 million should be distributed to partners, and about 42 million were still in custody for subsequent distribution. Of the 42 million RNDRs to be distributed, about 12.6 million still need to be unlocked regularly in the first six months of 2023, 15.1 million will be attributed periodically thereafter, and the remaining 14.3 million have been attributed, managed and can be redeemed by the parties entitled to receive the distribution.

Render Network will regularly unlock 12.6 million RNDRs in the first half of this year

Interpretation of the news:


Render Network, a decentralized 3D rendering solution provider, has announced the allocation and unlocking of token RNDR. According to the company, the RNP-001 proposal that was made last year has shown that the remaining RNDR balance in the treasury wallet was 257 million. Out of this balance, 107 million RNDRs were distributed to partners, while 42 million were kept in custody for future distribution.

The distribution of the remaining 42 million RNDRs will occur in three phases. The first phase will see the distribution of 12.6 million RNDRs regularly unlocked in the first six months of 2023. The second phase will involve 15.1 million RNDRs being attributed periodically. Finally, the remaining 14.3 million RNDRs have already been attributed, managed, and can be redeemed by the parties entitled to receive the distribution.

The announcement by Render Network is significant, especially in the context of the cryptocurrency market. The company’s RNDR token allows users to access decentralized 3D rendering services, making it an important tool for users in the CGI and entertainment industries. The token is built on the Ethereum blockchain, which means that it is subject to volatility and fluctuation in value.

The announcement also highlights the importance of transparency and accountability in cryptocurrency distribution. Render Network’s methodical unlocking and distribution strategy show a commitment to transparency and fairness in the distribution of tokens. This can go a long way in building trust and credibility in the eyes of users and investors.

In conclusion, the announcement by Render Network regarding the allocation and unlocking of token RNDR represents the next step in the company’s journey of providing decentralized 3D rendering solutions. The transparency and consistency in the distribution strategy can help solidify the company’s reputation as a credible player in the cryptocurrency market.

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