Home web3.0 Where are rndr coins issued?

Where are rndr coins issued?

May 07, 2024 pm 03:05 PM
cryptocurrency

Xender Network Co., Ltd. is the issuer of RNDR currency. RNDR coins are used in the Xendere network to pay rendering fees, encourage the participation of rendering equipment, and for network governance.

Where are rndr coins issued?

Issuer of RNDR Coin

RNDR Coin is a cryptocurrency used for rendering calculations. It is issued by Render Network Inc..

Introduction to Xander Network Co., Ltd.

Xander Network Co., Ltd. was established in 2017 and is a company focusing on cloud rendering services. The company has developed a decentralized rendering network called Xender, which uses a distributed computing model to distribute rendering tasks to rendering devices around the world.

The role of RNDR coins

RNDR coins play the following roles in the Renderer network:

  • Payment of rendering fees:Users use RNDR coins to pay rendering fees to the owner of the rendering device.
  • Incentivize rendering equipment participation: Rendering equipment owners can receive RNDR coin rewards by providing rendering capabilities.
  • Governance: RNDR currency holders can participate in the governance of the Xander network and vote on the development direction of the network.

Summary

Xender Network Co., Ltd. is the issuer of RNDR coins. RNDR coins are used in the Rendere network to pay rendering fees, encourage the participation of rendering equipment, and network governance.

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