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RE: LeoThread 2024-12-18 02:18

in LeoFinance2 days ago

Part 3/7:

Users can upload various types of content—be it 3D designs, animations, or motion graphics—to the Render Network. The platform allocates jobs based on an algorithm known as "proof of render," optimizing how resources are utilized by evaluating the processing power needed for each task.

Once a job concludes, content creators compensate data providers using the Render token ($RNDR). A shift occurred in 2023 with a new token economic model implemented by community consensus, elevating the network's capabilities. With this update, jobs are now priced in U.S. dollars, allowing creators to burn an equivalent amount of Render tokens upon completion—both a deflationary and precise pricing mechanism.

Understanding the Render Token ($RNDR)