RNDR Coin has emerged as one of the best-performing cryptocurrencies in 2023, experiencing a massive rally from $0.29 at the beginning of the year to over $4.5. The positive trend continues to prevail, raising questions about the current state of Render Coin.
The Render Network has introduced a new Burn Mint Equilibrium (BME) model, aiming to consistently price services by leveraging the network’s supply and demand balance. This model assists content creators in estimating the costs for rendering and artificial intelligence tasks, while facilitating node operators to efficiently provide computing services. The ultimate goal is to achieve an ideal balance between supply, demand, and infrastructure in GPU processing.
Token rewards will initially be distributed over a period of 7 days each term, transitioning to a 24-hour distribution interval following a network upgrade. The first RNDR SPL Token (on the Solana network) is scheduled for distribution on December 27th.
At the end of each term, emissions will be allocated to separate wallets representing the amounts designated for the Foundation, Node Operators, Liquidity Providers, and Artists. For Year 1 Node Operator Emissions, 2.3 million tokens have been set aside, equating to 6,251 tokens daily or 43,758 tokens every seven days.
Validators now need to add their Solana address to their client to receive RNDR Coin. In the new year, native RENDER liquidity and automatic burning will be part of the full upgrade process. The RNDR team has also indicated that more details about the Solana upgrade will be shared in the coming days. At the time of writing, the altcoin’s price was struggling to surpass its weekly peak of $4.62.