Render (RENDER) -rahakkeen tokenomiikka

The Render Network (RENDER) utilizes a sophisticated tokenomic structure designed to facilitate a decentralized peer-to-peer GPU compute marketplace. Following its migration to the Solana blockchain in late 2023, the network transitioned from its original Ethereum-based ERC-20 token (RNDR) to a new SPL token (RENDER).

Issuance Mechanism

Render employs a Burn and Mint Equilibrium (BME) model to manage its token supply and economic flow. Under this system, the network uses a dual-token approach where the RENDER token acts as the primary value driver, while work is priced in non-tradable "Render Credits."

• Emission Schedule: The network has a planned emission of approximately 107.38 million tokens to be issued solely on Solana over a ten-year period.
• Annual Minting: In the first year (2024), approximately 9.13 million RENDER tokens were scheduled for minting. For the second year (2025), the schedule calls for approximately 5.90 million RENDER tokens.
• Deflationary Pressure: The "Burn" component of the BME model requires users to burn RENDER tokens to acquire the compute power needed for rendering or AI tasks. This creates a direct relationship between network usage and token scarcity.

Allocation Mechanism

The distribution of newly minted tokens is strictly categorized to support various network stakeholders. For the 2025 emission cycle, the allocation is split as follows:

Historically, the first-year emissions (2024) included specific distributions such as ~1.14 million for community upgrade rewards, ~1.55 million for node operator payments, and smaller portions for AI client incentives and artist grants.

Usage and Incentive Mechanism

The RENDER token serves as the "operational fuel" for the network, aligning the interests of those providing hardware and those requiring compute power.

• Node Operators: These participants provide idle GPU power. They are incentivized through monthly rewards (approximately 90,000 RENDER per month in the second year) for maintaining hardware that meets network requirements and successfully completing jobs.
• Creators and AI Clients: Users requesting services receive rebates from a dedicated "creator pool," effectively lowering the cost of high-end rendering and incentivizing continued use of the platform.
• Governance: Tokenholders can participate in off-chain governance. They have the power to propose and vote on Render Network Improvement Proposals (RNPs), which can impact treasury management and technical upgrades.

Locking and Unlocking Mechanism

While specific time-based vesting schedules for all individual stakeholders are not explicitly detailed in the current data, the network uses programmatic releases and migration incentives to manage liquidity.

• Emission Decay: The issuance of new tokens follows a declining schedule over ten years, ensuring that the rate of new supply entering the market slows down over time.
• Upgrade Incentives: During the migration to Solana, approximately 1.14 million RENDER tokens were allocated specifically as incentives for users to upgrade their tokens from the Ethereum network to Solana.
• Foundation Accrual: The Render Foundation accrues 50% of annual emissions, which are then deployed for core team expansion and grant programs rather than being released into the market all at once.

As of late 2024, the network continues to operate under the guidelines of RNP-001 and RNP-003, which established the current emission and foundation allocation frameworks.