Render (RNDR)
Unlock Schedule
Render (RNDR) Token Unlock & Vesting Schedule
The unlock chart above provides a clear visual overview of the Render (RNDR) token release schedule, showing when and how tokens enter circulation across investor, team, treasury, and community allocations. Understanding these tokenomics dynamics is critical for evaluating potential supply pressure, inflation impact, and market liquidity over time — key factors that can influence RNDR price performance.
Each color segment in the chart corresponds to a specific allocation group described in the Allocations section below. Underlying assumptions and data models used to reconstruct this schedule are explained in detail under Assumptions, while broader utility insights and token use cases are covered in Tokenomics & Utility.
Tokenomics & Utility
Supply and model
Legacy RNDR was minted with a maximum supply of 536,870,912 tokens (2^29). With the move to RENDER on Solana and the adoption of BME (RNP‑001), the community approved predictable emissions that can raise the theoretical maximum supply over time to 644,245,094, subject to burns from paid jobs. This structure aims to align incentives for creators, node operators, and the wider ecosystem. (know.rendernetwork.com)
Under BME:
- Users burn RENDER to create Render Credits (non‑fungible coupons) priced in fiat terms.
- The protocol mints emissions to reward GPU providers each epoch (initially weekly).
- Year 1 emissions were 9,126,804 RENDER, split between the network and the Foundation based on RNP‑006 and later updates like RNP‑013 and RNP‑018. (github.com)
Utility
- Payment medium for rendering and AI compute via Render Credits.
- Rewards for Node Operators who supply GPU power.
- Governance via RNP voting on Solana.
- Ecosystem incentives for artists, AI clients, and partners through approved emissions budgets.
Because the project has a long history under the RNDR symbol, people still search for RNDR token and RNDR price; however, active network economics now run through the Solana‑based RENDER token.
Assumptions
- Total supply modeled at 644,245,094 tokens (2^29 + 20% BME emissions cap).
Foundation emissions sheet and RNP-001 framework indicate a 20% emissions pool (107,374,182) added over time to the pre-inflation 536,870,912.
- Public & Private Sale amount aggregated to 134,217,728 tokens.
Final minted supply changed to 2^29 in March 2018; widely referenced split implies 25% sold in genesis phases. Official docs do not publish an exact sold count; used 25% of 2^29 as best-supported figure.
- Public Sale Genesis Bonus sized at 20% of public sale allocation.
Knowledge Base states a 20% Genesis Bonus (Dec 5, 2018) for public sale participants; exact token count not listed, so computed as 20% of aggregate sale allocation.
- Escrow for Partners vesting cadence after June 2023 is approximated.
Foundation disclosed buckets: 12.6M unlocking Jan–Jun 2023; 15.1M with regular vesting thereafter; 14.3M vested/callable; 68M already distributed by Feb 7, 2023. We convert callable and ongoing vesting into linear schedules for monthly modeling.
- BME Years 1–8 follow explicit monthly/annual figures from Foundation materials; Years 9+ aggregated as one linear period to exhaust the 20% emissions cap.
Emissions sheet shows Year 1 (9,126,804), Years 2–3 (~5.91M/year), Year 4 (~4.56M), Year 5 (~4.03M) and a 0.945 damping thereafter. For chart simplicity and because precise month-by-month values beyond Year 8 are not published in prose, we aggregate the remainder linearly through Oct 2043. The total across all BME unlocks equals the 107,374,182 cap.
- Treasury tokens are modeled as unlocked at contract migration.
They were minted to treasury and not subject to a vesting schedule; future treasury outflows are discretionary/governance-controlled and not on a fixed timetable.
- RNDR→RENDER upgrade is supply-neutral and excluded as an emission mechanism.
Upgrade burns/locks old RNDR and mints RENDER 1:1; it changes chain and token standard but not total supply.
- 1. https://medium.com/render-token/rndr-token-sale-details-3386e75a6fff
- 2. https://medium.com/render-token/rndr-new-changes-to-the-token-structure-of-the-rndr-network-116f1e3fef08
- 3. https://know.rendernetwork.com/basics/token-metrics-summary
- 4. https://medium.com/render-token/rnp-006-recap-solana-upgrade-and-network-incentives-9e8c818407de
- 5. https://github.com/rndr-network/RNPs/blob/main/RNP-018.md
- 6. https://github.com/rndr-network/RNPs/blob/main/RNP-006.md
- 7. https://medium.com/render-token/rndr-distributions-and-unlocks-4581f285cd3e
- 8. https://docs.google.com/spreadsheets/d/1vgNamfJsJeCOUnFGtrdBw7GJCtN25bXEIFOluJQAO64/edit?usp=sharing
- 9. https://medium.com/render-token/render-network-foundation-distributes-render-upgrade-compute-client-and-bme-rewards-feb9e9500370
Allocations
Description
#88
Render is a decentralized GPU rendering network that uses the Ethereum blockchain to connect artists and studios with GPU providers. Render allows users to create and access high-quality graphics and 3D content with lower costs and higher efficiency.
| Sector: | AI & Compute |
| Blockchain: | Ethereum |