The Render Network announced it has transferred its tokens onto Solana and changed the ticker from RNDR to RENDER. Last month, Render Network upgraded its core infrastructure from Ethereum to Solana.
The project also announced a Burn and Mint Equilibrium (BME) model. The new BME model is designed for a balanced supply-demand equilibrium, which helps creators forecast their rendering and AI jobs while enabling node operators to efficiently offer compute services.
By employing this model, Render Network aims to provide an ideal balance between supply, demand, and infrastructure in GPU processing.
The RENDER emission emission begin today and Render Network has allocated 2.3M tokens for Node operator emission for the first year. It is important to note that now emissions can only be paid to Solana-compliant wallets.
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