Render Network will regularly unlock 12.6 million RNDRs in the first half of this year

It is reported that Render Network, a decentralized 3D rendering solution provider, announced the allocation and unlocking of token RNDR. Render Network said that when the RNP-001 proposal was put forward last year, the balance of the treasury wallet was 257 million RNDRs, of which 107 million should be distributed to partners, and about 42 million were still in custody for subsequent distribution. Of the 42 million RNDRs to be distributed, about 12.6 million still need to be unlocked regularly in the first six months of 2023, 15.1 million will be attributed periodically thereafter, and the remaining 14.3 million have been attributed, managed and can be redeemed by the parties entitled to receive the distribution.

Interpretation of this information:

Render Network, a decentralized 3D rendering solution provider, has announced the allocation and unlocking of token RNDR. The company stated that they had 257 million RNDRs in the treasury wallet, of which 107 million were allocated to partners, and about 42 million were set aside for future distribution. Out of the 42 million RNDRs to be distributed, approximately 12.6 million will be unlocked in the first six months of 2023, 15.1 million will be periodically attributed thereafter, and the remaining 14.3 million have been managed and can be redeemed by the entitled parties.

The announcement is significant in that it provides detailed information on the allocation and distribution of tokens. Render Network is taking a transparent approach to the distribution process, which reinforces the company’s commitment to its stakeholders. Additionally, the fact that this information is being made public provides clarity for investors and other interested parties.

The allocation and unlocking of tokens also indicates that Render Network is progressing with its roadmap. As a decentralized 3D rendering solution provider, the company aims to offer a secure and efficient platform for artists, engineers, and animators to render their work. The unlocking of tokens suggests that the platform is generating value and that the company is on track to achieve its goals.

In conclusion, Render Network’s announcement of the allocation and unlocking of tokens is a positive development for the company and its stakeholders. The transparency of the process provides clarity and reinforces the company’s commitment to its investors. The unlocking of tokens suggests that the platform is generating value and that the company is progressing towards its goals.