Render Network Allocates and Unlocks Token RNDR for Distribution

02/15/2023 02:02 • Metaverse Matters • 124 views

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

Analysis based on this information:

Render Network, a decentralized 3D rendering solution provider, has recently announced the allocation and unlocking of RNDR tokens for distribution purposes. The company reported that it had 257 million RNDRs in the treasury wallet, of which 107 million tokens were already distributed to partners, and the remaining 42 million tokens were still in custody for subsequent distribution.

Out of the 42 million RNDRs, the company plans to unlock 12.6 million tokens on a regular basis within the first six months of 2023, while 15.1 million tokens will be attributed periodically thereafter. The remaining 14.3 million tokens have already been attributed and can be redeemed by the parties entitled to receive the distribution.

The token allocation and unlocking report indicate that Render Network is committed to ensuring transparency and fairness in its operations. By unlocking tokens on a periodic basis instead of all at once, the company can control token supply and prevent market manipulation. Additionally, the distribution of tokens to partners and other entities shows Render Network’s commitment to building a strong ecosystem around its technology stack.

The announcement of the token allocation and unlocking also indicates that Render Network is making significant progress towards its long-term goals. By taking steps to distribute tokens according to a set timeline, it is showing its commitment to building a strong and sustainable network. This initiative shows that the company has a clear vision of its operations and is taking steps to ensure its ecosystem grows and thrives.

In conclusion, Render Network’s announcement of the allocation and unlocking of RNDR tokens demonstrates its commitment to transparency, fairness, and progress towards its goals. By distributing tokens periodically and unlocking them at set intervals, the company is demonstrating a strong vision for the future of its technology stack. The token allocation and unlocking sets the stage for a strong ecosystem around the Render Network, bringing benefits to all involved parties.

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Render Network Allocates and Unlocks Token RNDR for Distribution

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

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