RNDR
RNDR
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
RNDR (Render Token) is the legacy ERC-20 utility token of the decentralized GPU rendering network, which has formally completed a migration to the Solana-based RENDER SPL token (via RNP-006). Data gaps were recorded for Active Development (-1.0) and Community Support (-1.0) because development activity and active community engagement have transitioned entirely to the successor token on Solana, leaving only residual legacy contract presence. Evaluating the remaining operational dimensions, the project exhibits solid tokenomics (6.5/10) with a burn-and-mint equilibrium, robust market positioning and utility in DePIN/AI compute (7.5/10), experienced leadership under Jules Urbach with formal RNP governance (7.0/10), and a clean security record supported by a 2017 OpenZeppelin audit (7.5/10). No qualifying red-flag events were identified. However, because this specific legacy ERC-20 asset has been deprecated in favor of RENDER, holders and prospective buyers should avoid acquiring the old token contract.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About RNDR (RNDR)
Render Token (RNDR) is a deprecated ERC-20 utility token that has formally migrated to the RENDER SPL token on Solana via governance proposal RNP-006. Originally issued on the Ethereum blockchain, RNDR served as the primary payment and utility asset for the Render Network, a decentralized marketplace providing computing resources for graphics rendering, artificial intelligence workloads, and decentralized physical infrastructure network (DePIN) tasks. The network operates under the governance of the Cayman Islands-based Render Network Foundation alongside OTOY, Inc., founded by CEO Jules Urbach.
The initial tokenomics of RNDR featured a maximum supply hard-capped at 536,870,912 tokens, which expanded to approximately 644.24 million following migration mechanics. In January 2023, the protocol implemented a Burn-and-Mint Equilibrium (BME) structure, under which 95% of tokens spent on GPU compute jobs are burned, 5% are distributed to the foundation, and node providers are compensated through regular emissions. The smart contract and crowdsale code were audited by OpenZeppelin in September 2017, which identified one low-severity issue, and the network has maintained an incident history free of documented contract exploits since its public launch in April 2020.
Following the migration to Solana, active development, community activity, and network governance transitioned fully to the RENDER token, leaving the legacy RNDR token without active contract maintenance. Major exchanges, including Binance, OKX, Kraken, HTX, and Crypto.com, completed automatic 1:1 token upgrades for users. Structural risks identified for the network include token concentration within the OTOY Treasury (23.3%) and partner escrow allocations (26.6%), ongoing dilution from supply emissions, a variable network fee ranging from 0.5% to 5%, and limited transparency surrounding core team members beyond executive leadership.