RNDR Risk

Render (RNDR)
‍
DESCRIPTION

RNDR is the native utility token of the Render Network, a decentralised platform designed to connect users with rendering power for high-performance visual computing tasks. As a crucial component of the Render Network, the RNDR token facilitates a range of activities within the platform’s ecosystem, which focuses on providing GPU-based rendering services. RNDR tokens are used to pay for rendering services, incentivize node operators, and participate in network governance.In the Render Network ecosystem, RNDR tokens function as the primary medium of exchange for rendering jobs and computational power. Users can utilise RNDR tokens to access rendering services, while node operators earn RNDR tokens by providing their GPU resources. The token also plays a role in the governance of the network, allowing holders to vote on key decisions related to the platform’s development and operations. This utility model ensures a decentralised approach to managing rendering resources and incentivizes active participation within the network.

Render (RNDR) Whitepaper: https://renderfoundation.com/whitepaper

‍RISKS OF RENDER
‍
Investing in cryptocurrency and digital assets, such as Render (RNDR), carries inherent risks, including but not limited to: (i) Volatility risk and liquidity risk
(ii) Regulatory risk
(iii) Security risk
(iv) Market risk
(v) Smart contract risk
(vi) Governance risk
(vii) Technological riskFor additional information on risks associated with cryptocurrency and digital assets, you may refer to the Satstreet Inc Services Risk Statement. Please note that these risks and the associated summaries or overviews provided for each herein are not intended to be a complete overview of all such risks, and there may be other risks associated with exposure to RNDR. We encourage all users to perform their own due diligence to assess the risks associated with RNDR and to determine whether this level of risk is acceptable to them. Neither RNDR nor Satstreet guarantees the value of RNDR, and holders of RNDR will not have any recourse to RNDR or Satstreet if the value of RNDR declines for any reason whatsoever.

‍SATSTREET EVALUATION OF RNDR
Satstreet Inc. has reviewed and assessed RNDR prior to making it available through our services and has concluded that RNDR is not a security or derivative under Canadian securities legislation; however, there is a risk that this conclusion could change in the future and that, in such event, Satstreet will be required to halt, suspend, and then remove RNDR from its platform as described in the Satstreet Inc. Services Risk Statement.Further, as indicated above, no Canadian securities regulatory authority has expressed an opinion about RNDR, including an opinion that RNDR is not itself a security and/or derivative. Based on publicly available information Satstreet has reviewed RNDR, including, but not limited to, a review of the following: The creation, governance, usage, and design of RNDR, including the source code, security, and roadmap for growth in the developer community and, if applicable, the background of the developer(s) that created RNDR. The supply, demand, maturity, utility, and liquidity of RNDR. Material technical risks associated with RNDR, including any code defects, security breaches and other threats concerning RNDR and its supporting blockchain (such as the susceptibility to hacking and impact of forking), or the practices and protocols that apply to them. Legal and regulatory risks associated with RNDR, including (i) any pending, potential, or prior civil, regulatory, criminal, or enforcement action relating to the issuance, distribution, or use of RNDR, and (ii) statements made by any securities regulatory authorities in Canada, other regulators in IOSCO-member jurisdictions, or the regulator with the most significant connection to RNDR about whether RNDR, or generally about whether the type of crypto asset, is a security and/or derivative.
‍
Last Updated: August 2024

Risk Statements

Interested in learning more?