Render Price in India (RENDER)

Render is an Ethereum-based blockchain network for GPU sharing. Essentially, the network provides a platform for individuals to contribute their unused GPU power to projects in return for rewards in RENDER tokens. RENDER is the native token of the Render Network. 

The Render Network was founded in 2017 by Jules Urbach, CEO of OTOY Inc. OTOY specializes in content creation and rendering technology, like OctaneRender. 

• Accessibility: The Render Network taps on idle GPU power which will otherwise go to waste from users worldwide. This enables high-performance rendering tasks available to everyone, eliminating the need for expensive hardware.

• Cost-effectiveness: With the distributed nature of the network rendering tasks are completed faster and that too at a lower cost.

• Rewarding GPU providers: GPU owners can earn RNDR tokens for renting their idle GPU incentivizing their unused hardware.

• RENDER token: RNDR is the heart and soul of the Render Network, facilitating all transactions within the network and rewarding GPU providers for rendering jobs.

Amid the boom of AI-based cryptos, RENDER has established itself as one of the leading AI cryptocurrencies. In March 2024, the token hit its all-time high of $13.53. With a strong bullish season for the top AI-based token, RENDER token holders are positive regarding the prospects for the token. As of July 2024, the token is trading at around $6. However, per expert analysis, RENDER is expected to trade between $46.23 to $58.67 by 2030.

You can trade in RENDER on CoinSwitch by downloading the app.

• Medium of exchange: RENDER tokens are used as a medium of exchange in the Render Network ecosystem. Users pay for rendering services with RNDR tokens, which are given to GPU owners for their computational power.

• Governance: RENDER token holders can participate in decision-making processes to improve the network and the network’s future direction. 

• Trade:  RENDER token can be exchanged, bought, or sold from a crypto exchange that has listed the RNDR token like CoinSwitch.

• By leveraging idle GPU power from users worldwide, the Render Network makes high-performance rendering services more accessible and cost-effective.

• In addition to earning RENDER tokens for providing GPU computing power, token holders are also given governance rights. 

• Compared to traditional cloud rendering services, the Render Network is cheaper.

• To ensure more RENDER token rewards, customers might need to buy new GPUs which can be costly.

• Despite its adoption in the broader crypto space, new users might find the concept of GPU sharing complex.

• The number and performance of participating GPU providers impact the RENDER token price.

1. To trade RENDER on CoinSwitch download the app. 

2. You can start with just ₹100.

3. CoinSwitch offers an easy-to-use platform viable for traders of all levels.

Render Network was founded in 2017 and held its first public token sale in October 2017, followed by a private sale from January to May 2018. The network launched publicly in April 2020 and raised $30M in a Seed financing round in December 2021. The funding was backed by industry giants Multicoin Capital, Alameda Research, and Sfermion, among others.