Render Token’s RNDR Up Over 90% on the Week as New Tokenomics Model Passes DAO – CryptoNewsTo
July 27, 2024

CryptoNewsTo

Breaking News of Crypto

Render Token’s RNDR Up Over 90% on the Week as New Tokenomics Model Passes DAO

Cryptonewsto1403 mins



RNDR, the token for blockchain-based distributed rendering service Render Network, has increased by over 90% in the past week, according to CoinGecko.

Render has surged over over 300% in the last 30 days to reach around $1.69, alongside the launch of a new foundation and the passing of a new tokenomics model by the project’s DAO. Despite its recent surge, RNDR remains down over 80% from its all-time high of $8.78, recorded in November 2021.

On January 20, the project announced the Render Network Foundation, a not-for-profit organization that is “dedicated to maintaining the core Render Network protocol and growing its community and ecosystem.”

Additionally, the project voted 100% in favor this week to adopt a new tokenomics model, called burn-and-mint equilibrium, which appears to have incentivized market participants to accumulate RNDR in the near term.

Render Network offers artists a distributed network of GPUs to render their 3D designs, with the RNDR token facilitating the payment for the rendering services.

What is a burn-and-mint equilibrium model?

According to a description of the burn-and-mint equilibrium model on GitHub, RNDR will now act as the proprietary payment currency. “Jobs-to-be-done” will be priced in USD and creators will burn RNDR tokens equivalent to the job price. Then, non-transferable, non-fungible “Coupon Tokens” (or “Render Credits”) will be issued to track completed jobs. 

Node operators would be compensated for their work through base-asset issuance incentives that reward their availability to take on jobs and the number of jobs they completed within a network’s epoch.

A net emissions cap will be set to ensure that rewards continue even after the cap has been reached. The emission amount will be adjusted based on network growth requirements. 

The system would be in equilibrium if the number of tokens burned is equal to the number minted. If usage grows, supply decreases and creates upward price pressure, and vice versa for usage slowdowns. 

Render is not the first project to deploy the burn-and-mint equilibrium tokenomics model, with both Helium Network and the now-defunct Factom also adopting it. 

 

Stay on top of crypto news, get daily updates in your inbox.



Source link

140 thoughts on “Render Token’s RNDR Up Over 90% on the Week as New Tokenomics Model Passes DAO”

  3. I haven’t checked in here for a while since I thought it was getting boring, but the last several posts are great quality so I guess I will add you back to my everyday bloglist. You deserve it my friend 🙂

  4. Great goods from you, man. I have keep in mind your stuff previous to and you’re just extremely great. I really like what you’ve bought right here, really like what you’re stating and the way in which through which you assert it. You are making it entertaining and you still take care of to keep it smart. I can not wait to learn far more from you. This is actually a wonderful site.

  5. Hi, i feel that i noticed you visited my website thus i got here to “go back the choose”.I’m trying to in finding things to improve my website!I guess its good enough to make use of a few of your ideas!!

  6. Thank you for the sensible critique. Me and my neighbor were just preparing to do some research about this. We got a grab a book from our local library but I think I learned more clear from this post. I’m very glad to see such fantastic information being shared freely out there.

  8. I would like to thnkx for the efforts you’ve put in writing this web site. I’m hoping the same high-grade website post from you in the upcoming also. In fact your creative writing abilities has encouraged me to get my own blog now. Really the blogging is spreading its wings fast. Your write up is a great example of it.

  10. Hello There. I discovered your weblog using msn. This is a very smartly written article. I will make sure to bookmark it and return to learn extra of your useful info. Thanks for the post. I’ll certainly comeback.

  11. I?¦ve been exploring for a little for any high quality articles or weblog posts in this sort of area . Exploring in Yahoo I finally stumbled upon this web site. Studying this information So i am happy to show that I have an incredibly excellent uncanny feeling I found out just what I needed. I so much surely will make sure to do not put out of your mind this site and provides it a glance on a constant basis.

  12. It’s a pity you don’t have a donate button! I’d definitely donate to this brilliant blog! I guess for now i’ll settle for book-marking and adding your RSS feed to my Google account. I look forward to new updates and will talk about this site with my Facebook group. Talk soon!

  13. Thanks for the marvelous posting! I really enjoyed reading it, you could be a great author.I will always bookmark your blog and definitely will come back in the future. I want to encourage yourself to continue your great work, have a nice morning!

  14. Does your site have a contact page? I’m having problems locating it but, I’d like to send you an email. I’ve got some ideas for your blog you might be interested in hearing. Either way, great website and I look forward to seeing it develop over time.

  19. Hello! Quick question that’s entirely off topic. Do you know how to make your site mobile friendly? My blog looks weird when browsing from my apple iphone. I’m trying to find a template or plugin that might be able to resolve this problem. If you have any recommendations, please share. With thanks!

  20. I will right away seize your rss feed as I can’t in finding your email subscription link or newsletter service. Do you have any? Please let me know so that I may subscribe. Thanks.

  21. I think this is among the most significant info for me. And i’m glad reading your article. But wanna remark on some general things, The web site style is wonderful, the articles is really nice : D. Good job, cheers

  22. We are a gaggle of volunteers and opening a brand new scheme in our community. Your web site provided us with valuable info to work on. You have performed an impressive process and our whole community will likely be thankful to you.

  23. I do enjoy the manner in which you have presented this matter and it does indeed supply me personally some fodder for consideration. On the other hand, coming from just what I have seen, I only trust when the commentary pack on that men and women remain on issue and in no way get started upon a tirade involving some other news of the day. All the same, thank you for this exceptional piece and although I can not really go along with it in totality, I respect the viewpoint.

  24. Its like you read my mind! You appear to understand so much approximately this, like you wrote the guide in it or something. I believe that you could do with a few p.c. to drive the message home a bit, but other than that, this is great blog. A fantastic read. I’ll certainly be back.

  25. It’s actually a great and useful piece of information. I’m satisfied that you just shared this useful information with us. Please stay us up to date like this. Thanks for sharing.

  26. Great blog here! Also your web site loads up very fast! What web host are you using? Can I get your affiliate link to your host? I wish my website loaded up as fast as yours lol

  29. Thanks for sharing excellent informations. Your web site is very cool. I am impressed by the details that you have on this blog. It reveals how nicely you understand this subject. Bookmarked this website page, will come back for more articles. You, my pal, ROCK! I found just the information I already searched everywhere and simply couldn’t come across. What a perfect site.

  30. Aw, this was a very nice post. In concept I wish to put in writing like this additionally – taking time and precise effort to make an excellent article… however what can I say… I procrastinate alot and under no circumstances seem to get something done.

  33. I?¦ve been exploring for a bit for any high-quality articles or weblog posts in this kind of area . Exploring in Yahoo I at last stumbled upon this website. Studying this info So i?¦m satisfied to exhibit that I have an incredibly excellent uncanny feeling I came upon just what I needed. I so much indisputably will make certain to do not overlook this site and give it a glance on a continuing basis.

  35. I used to be very pleased to find this net-site.I wished to thanks to your time for this glorious read!! I positively having fun with each little little bit of it and I have you bookmarked to check out new stuff you blog post.

  36. I¦ve been exploring for a little for any high quality articles or weblog posts in this kind of area . Exploring in Yahoo I eventually stumbled upon this website. Reading this information So i am satisfied to express that I have an incredibly just right uncanny feeling I discovered exactly what I needed. I most surely will make sure to don¦t forget this website and give it a look on a constant basis.

  39. Hello this is kind of of off topic but I was wondering if blogs use WYSIWYG editors or if you have to manually code with HTML. I’m starting a blog soon but have no coding knowledge so I wanted to get advice from someone with experience. Any help would be greatly appreciated!

  41. Hiya very cool blog!! Man .. Beautiful .. Superb .. I will bookmark your blog and take the feeds also?KI’m happy to search out a lot of useful info here within the put up, we want develop extra techniques on this regard, thanks for sharing. . . . . .

  42. Undeniably believe that which you stated. Your favorite reason seemed to be on the internet the simplest thing to be aware of. I say to you, I certainly get irked while people think about worries that they plainly do not know about. You managed to hit the nail upon the top and defined out the whole thing without having side effect , people could take a signal. Will likely be back to get more. Thanks

  43. An impressive share, I just given this onto a colleague who was doing a little analysis on this. And he in fact bought me breakfast because I found it for him.. smile. So let me reword that: Thnx for the treat! But yeah Thnkx for spending the time to discuss this, I feel strongly about it and love reading more on this topic. If possible, as you become expertise, would you mind updating your blog with more details? It is highly helpful for me. Big thumb up for this blog post!

  45. I was recommended this website by my cousin. I’m not sure whether this post is written by him as no one else know such detailed about my difficulty. You’re amazing! Thanks!

  52. What’s Happening i’m new to this, I stumbled upon this I have found It positively useful and it has helped me out loads. I hope to contribute & help other users like its helped me. Good job.

  53. I’ve been absent for some time, but now I remember why I used to love this blog. Thanks, I’ll try and check back more often. How frequently you update your website?

  55. Great ?V I should definitely pronounce, impressed with your web site. I had no trouble navigating through all the tabs as well as related info ended up being truly easy to do to access. I recently found what I hoped for before you know it at all. Reasonably unusual. Is likely to appreciate it for those who add forums or anything, web site theme . a tones way for your customer to communicate. Excellent task..

  59. Greetings from California! I’m bored to tears at work so I decided to check out your website on my iphone during lunch break. I enjoy the info you present here and can’t wait to take a look when I get home. I’m surprised at how quick your blog loaded on my mobile .. I’m not even using WIFI, just 3G .. Anyways, very good blog!

  60. Its like you read my mind! You seem to grasp so much about this, like you wrote the e-book in it or something. I think that you could do with a few to drive the message home a bit, however other than that, this is fantastic blog. A fantastic read. I’ll definitely be back.

  61. Thanks for a marvelous posting! I definitely enjoyed reading it, you happen to be a great author.I will make certain to bookmark your blog and definitely will come back at some point. I want to encourage you continue your great job, have a nice day!

  62. A person necessarily help to make seriously posts I would state. That is the first time I frequented your web page and up to now? I surprised with the analysis you made to create this particular post amazing. Fantastic activity!

  63. Hello there, I found your web site via Google while searching for a related topic, your web site came up, it looks great. I’ve bookmarked it in my google bookmarks.

  64. Throughout the awesome pattern of things you’ll receive an A for hard work. Where exactly you actually misplaced me personally was first in all the facts. You know, as the maxim goes, details make or break the argument.. And it could not be much more true at this point. Having said that, let me inform you just what did do the job. The authoring is definitely highly convincing and that is possibly why I am taking the effort in order to comment. I do not make it a regular habit of doing that. Second, while I can easily see the jumps in reasoning you come up with, I am definitely not certain of just how you seem to unite your points which make the conclusion. For right now I will, no doubt subscribe to your point however wish in the future you actually link your facts much better.

  65. Greetings from Colorado! I’m bored at work so I decided to browse your blog on my iphone during lunch break. I really like the knowledge you present here and can’t wait to take a look when I get home. I’m shocked at how fast your blog loaded on my mobile .. I’m not even using WIFI, just 3G .. Anyways, wonderful site!

  67. You could definitely see your enthusiasm within the paintings you write. The sector hopes for even more passionate writers such as you who aren’t afraid to say how they believe. At all times go after your heart. “A second wife is hateful to the children of the first a viper is not more hateful.” by Euripides.

  68. We are a group of volunteers and starting a new scheme in our community. Your website offered us with valuable info to work on. You’ve done a formidable job and our whole community will be grateful to you.

  69. I cling on to listening to the newscast speak about getting boundless online grant applications so I have been looking around for the most excellent site to get one. Could you advise me please, where could i get some?

  70. I?¦ve been exploring for a bit for any high quality articles or blog posts in this kind of space . Exploring in Yahoo I finally stumbled upon this website. Reading this info So i?¦m glad to convey that I’ve a very excellent uncanny feeling I discovered exactly what I needed. I most undoubtedly will make sure to don?¦t put out of your mind this site and provides it a glance regularly.

  71. F*ckin’ tremendous things here. I’m very glad to look your post. Thanks so much and i am looking forward to touch you. Will you kindly drop me a mail?

  73. Hey very cool website!! Man .. Beautiful .. Amazing .. I’ll bookmark your site and take the feeds also…I’m happy to find numerous useful info here in the post, we need develop more techniques in this regard, thanks for sharing. . . . . .

  74. I like the valuable information you provide for your articles. I will bookmark your blog and take a look at again here frequently. I am fairly sure I’ll be informed a lot of new stuff proper right here! Good luck for the following!

  75. Magnificent goods from you, man. I’ve understand your stuff previous to and you are just too great. I actually like what you have acquired here, really like what you’re stating and the way in which you say it. You make it entertaining and you still take care of to keep it wise. I can’t wait to read much more from you. This is actually a wonderful website.

  76. Fantastic website. A lot of helpful information here. I’m sending it to several pals ans additionally sharing in delicious. And naturally, thanks for your effort!

  78. I like what you guys are up too. Such smart work and reporting! Carry on the superb works guys I?¦ve incorporated you guys to my blogroll. I think it’ll improve the value of my web site 🙂

  79. I’m extremely impressed with your writing skills and also with the layout on your blog. Is this a paid theme or did you modify it yourself? Anyway keep up the nice quality writing, it is rare to see a great blog like this one today..

  80. Hello! I could have sworn I’ve been to this blog before but after browsing through some of the post I realized it’s new to me. Anyways, I’m definitely happy I found it and I’ll be book-marking and checking back frequently!

  82. Good write-up, I am normal visitor of one’s blog, maintain up the excellent operate, and It’s going to be a regular visitor for a long time.

  83. I’m commenting to make you understand what a awesome discovery my wife’s child developed browsing your blog. She mastered a wide variety of things, including what it is like to possess an ideal coaching nature to have a number of people quite simply grasp certain complicated things. You undoubtedly exceeded our own desires. I appreciate you for providing such good, healthy, revealing not to mention cool tips on this topic to Julie.

  85. Hello there, You have done an excellent job. I’ll certainly digg it and individually suggest to my friends. I am confident they’ll be benefited from this website.

  88. My wife and i felt really comfortable Louis could conclude his preliminary research with the ideas he came across from your web pages. It is now and again perplexing to simply possibly be giving out hints that many many people might have been making money from. And now we remember we now have the writer to be grateful to for that. The specific explanations you’ve made, the straightforward site navigation, the friendships you can assist to promote – it’s most awesome, and it’s assisting our son and our family understand that subject matter is exciting, and that’s extremely mandatory. Many thanks for everything!

  90. Wonderful blog! I found it while browsing on Yahoo News. Do you have any suggestions on how to get listed in Yahoo News? I’ve been trying for a while but I never seem to get there! Thank you

  91. A powerful share, I just given this onto a colleague who was doing just a little evaluation on this. And he the truth is bought me breakfast as a result of I discovered it for him.. smile. So let me reword that: Thnx for the deal with! However yeah Thnkx for spending the time to discuss this, I really feel strongly about it and love studying extra on this topic. If doable, as you become experience, would you thoughts updating your weblog with extra particulars? It is extremely useful for me. Massive thumb up for this weblog submit!

  93. Greetings! Quick question that’s totally off topic. Do you know how to make your site mobile friendly? My weblog looks weird when viewing from my iphone4. I’m trying to find a template or plugin that might be able to correct this problem. If you have any recommendations, please share. With thanks!

  95. You really make it appear so easy together with your presentation but I find this matter to be actually one thing which I feel I’d never understand. It kind of feels too complicated and very wide for me. I’m looking forward in your next publish, I?¦ll try to get the hold of it!

  97. I must express my appreciation to this writer for rescuing me from such a condition. Just after surfing around through the world wide web and coming across basics that were not helpful, I thought my entire life was over. Living without the solutions to the problems you’ve sorted out all through this post is a serious case, as well as the ones that would have adversely affected my career if I had not noticed your site. The expertise and kindness in dealing with all the details was tremendous. I am not sure what I would have done if I had not come across such a subject like this. I’m able to at this point look ahead to my future. Thank you very much for this expert and effective help. I won’t be reluctant to endorse your blog post to anyone who needs and wants assistance about this subject matter.

  98. Hi, I think your site might be having browser compatibility issues. When I look at your website in Firefox, it looks fine but when opening in Internet Explorer, it has some overlapping. I just wanted to give you a quick heads up! Other then that, awesome blog!

  99. I have been browsing online more than three hours lately, yet I never discovered any attention-grabbing article like yours. It?¦s lovely value enough for me. In my view, if all website owners and bloggers made excellent content as you probably did, the net might be much more helpful than ever before.

  101. I?¦m no longer positive the place you’re getting your information, but great topic. I must spend a while learning much more or figuring out more. Thank you for magnificent information I used to be in search of this information for my mission.

  103. I’ve been absent for a while, but now I remember why I used to love this site. Thank you, I will try and check back more frequently. How frequently you update your website?

  104. I wanted to write you that very small word to finally say thank you the moment again over the wonderful suggestions you’ve contributed here. This has been so incredibly generous of you to allow without restraint precisely what most of us could have offered for an ebook in order to make some dough on their own, even more so considering that you might well have done it in the event you considered necessary. Those tricks also acted as a fantastic way to know that most people have the identical eagerness just as my very own to learn great deal more with reference to this condition. Certainly there are lots of more enjoyable instances in the future for individuals that view your blog.

  105. obviously like your web-site however you need to test the spelling on quite a few of your posts. Several of them are rife with spelling problems and I in finding it very bothersome to inform the reality on the other hand I will certainly come again again.

  106. I?¦m not sure the place you are getting your information, however good topic. I needs to spend some time studying much more or understanding more. Thanks for great info I was looking for this information for my mission.

  107. Great blog here! Also your web site loads up fast! What web host are you using? Can I get your affiliate link to your host? I wish my website loaded up as quickly as yours lol

  108. whoah this blog is fantastic i really like studying your articles. Stay up the great paintings! You know, a lot of persons are hunting round for this information, you could aid them greatly.

  109. Hey just wanted to give you a quick heads up. The words in your content seem to be running off the screen in Firefox. I’m not sure if this is a format issue or something to do with browser compatibility but I figured I’d post to let you know. The design look great though! Hope you get the problem solved soon. Thanks

  113. I’ve recently started a website, the information you provide on this site has helped me greatly. Thanks for all of your time & work.

  114. Good day! This post could not be written any better! Reading through this post reminds me of my old room mate! He always kept talking about this. I will forward this article to him. Pretty sure he will have a good read. Many thanks for sharing!

  116. I’ve read a few good stuff here. Definitely worth bookmarking for revisiting. I wonder how much effort you put to create such a magnificent informative web site.

  120. I cling on to listening to the news bulletin talk about receiving free online grant applications so I have been looking around for the top site to get one. Could you advise me please, where could i acquire some?

  122. I have learn a few just right stuff here. Certainly worth bookmarking for revisiting. I surprise how much effort you place to create this kind of fantastic informative website.

  123. That is very interesting, You’re an overly professional blogger. I have joined your feed and look forward to in quest of extra of your excellent post. Additionally, I’ve shared your web site in my social networks!

  125. Hey! Do you know if they make any plugins to help with SEO? I’m trying to get my blog to rank for some targeted keywords but I’m not seeing very good success. If you know of any please share. Appreciate it!

  126. I want to show my thanks to you just for rescuing me from such a difficulty. Just after surfing throughout the search engines and coming across thoughts that were not productive, I assumed my entire life was gone. Being alive without the answers to the problems you’ve solved through your main report is a crucial case, and ones that could have in a negative way damaged my entire career if I hadn’t noticed the blog. Your main expertise and kindness in maneuvering all the stuff was priceless. I don’t know what I would have done if I hadn’t discovered such a point like this. I’m able to at this moment relish my future. Thanks so much for the specialized and amazing guide. I won’t be reluctant to suggest your web page to any individual who needs to have guidelines about this problem.

  129. Good day! This is my first comment here so I just wanted to give a quick shout out and tell you I genuinely enjoy reading your articles. Can you suggest any other blogs/websites/forums that deal with the same topics? Many thanks!

  130. I’ve learn a few just right stuff here. Definitely price bookmarking for revisiting. I surprise how so much attempt you place to make this sort of wonderful informative web site.

  131. Those are yours alright! . We at least need to get these people stealing images to start blogging! They probably just did a image search and grabbed them. They look good though!

  132. Hi there are using WordPress for your site platform? I’m new to the blog world but I’m trying to get started and set up my own. Do you require any coding expertise to make your own blog? Any help would be really appreciated!

  133. Definitely believe that which you stated. Your favorite reason appeared to be on the net the simplest thing to be aware of. I say to you, I definitely get annoyed while people consider worries that they just do not know about. You managed to hit the nail upon the top and defined out the whole thing without having side-effects , people could take a signal. Will likely be back to get more. Thanks

  134. I just couldn’t depart your site before suggesting that I extremely enjoyed the standard information a person provide for your visitors? Is gonna be back often in order to check up on new posts

  135. It is actually a great and useful piece of information. I’m happy that you simply shared this useful info with us. Please keep us up to date like this. Thank you for sharing.

  136. Pretty section of content. I just stumbled upon your site and in accession capital to claim that I acquire actually loved account your weblog posts. Anyway I’ll be subscribing to your feeds or even I achievement you get admission to consistently fast.

  139. Забота о вашем доме – это забота о вашем комфорте. Утепление наружных стен – это не только модный облик, но и обеспечение тепла в вашем удобном уголке. Мастера, коллектив экспертов, предлагаем вам превратить ваш дом в идеальный уголок для проживания.
    Наши проекты – это не просто утепление, это творческий процесс с каждым строительным блоком. Мы придерживаемся совершенному сочетанию между стилем и полезностью, чтобы ваше жилье стало не только комфортным, но и великолепным.
    И самое существенное – доступная стоимость! Мы полагаем, что высококачественные услуги не должны быть неприемлемо дорогими. Утепление и отделка фасада дома цена начинается всего от 1250 рублей за квадратный метр.
    Использование современных материалов и технологий позволяют нам создавать теплоизоляцию, которая долго служит и надежна. Забудьте о холодных стенах и дополнительных расходах на отопление – наше утепление станет вашим надежной преградой перед холодом.
    Подробнее на https://www.ppu-prof.ru/
    Не откладывайте на потом заботу о радости жизни в вашем жилье. Обращайтесь к мастерам своего дела, и ваш дом преобразится настоящим художественным творением, которое принесет вам тепло и радость. Вместе мы создадим обители, где вам будет по-настоящему комфортно!

  140. I and also my pals happened to be checking out the excellent recommendations located on your site then at once I got a terrible suspicion I had not expressed respect to the site owner for those secrets. All of the young boys had been as a result joyful to study all of them and have in effect actually been taking advantage of those things. We appreciate you genuinely quite accommodating and for obtaining such impressive subjects millions of individuals are really needing to learn about. Our own honest apologies for not expressing appreciation to you sooner.

Comments are closed.

Related News