Render Network Will Regularly Unlock 12.6M RNDR In The First Half Of This Year

Key Points:

• The Render Network Foundation has announced the distribution and unlocking of the RNDR token.
• Around 12.6 million will still need to be unlocked regularly in the first six months of 2023.
• On January 20, Render Network announced the creation of the non-profit Render Network Foundation.

According to the official blog, the Render Network Foundation has announced the distribution and unlocking of the RNDR token. Of the 42 million tokens in the distribution plan, 12.6 million RNDR will be unlocked regularly in the first six months of 2023.

Render Network said that when the RNP-001 proposal was proposed last year, the balance in the treasury wallet was RNDR 257 million, of which 107 million will be allocated to partners. About 42 million are still being held for storage and subsequent distribution.

This 107M “By Partners” project note is entirely separate from the proposed 107M Emissions schedule to be managed by the Foundation. There is some confusion as these balances are similar, but this is just that moment and is random.

Fast forward to today, and as you can see on-chain, the Treasury wallet balance is just under 189 million, which means, including the February 7 transactions, 68 million has been distributed since the Release schedule waste was published.

Of the 42 million RNDRs that will be distributed, around 12.6 million will still need to be unlocked regularly in the first six months of 2023. 15.1 million will be regularly awarded after that, and the remaining 14.3 million will already be opened, escrowed, and may be distributed by those entitled to distribution Redemption of the parties.

On January 20, Render Network, a provider of decentralized 3D rendering solutions, announced the creation of the non-profit Render Network Foundation. The founding team has handed over control of the Render Network core codebase and the Render Network brand for this fund.

The main initiatives for the Foundation are:

• Create a website dedicated to Organizational Announcements
• Be more open in discussions on our channels
• Engage the community in the process of RNP formation
• Implement the Sponsorship Program to increase transparency and tools for the community
• Ensure to provide RNDR, authorization, and correct totals on the sources that list them.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your research before investing.

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