Greetings Community, In this new post I will introduce about RENDER IT COIN project, and for more details let's just go to the following discussion.
Introduction
The company was established on the green isles of Ireland, that has been our home for over a decade, along with Render It we also run our individual separate businesses that also revolve around technology.Our establishment began when we discovered that we share common goals and interests, computer hardware.
The team of Render It Coin has always been fascinated with computer rendering. However, operating rendering hardware in the real world is extremely costly – not only the specialized equipment costs thousands or even tens of thousands of dollars, but it also consumes an extraordinary amount of electricity.
In Render It Coin we decided to tackle this problem with a unique approach. We will use the funds collected during an ICO to build our own wind turbine! Acting as a source of renewable energy, it will be used to supply our farm with electricity allowing anybody to use our energy to power their devices.
What Problem is Render Trying to Solve
As entertainment companies adopt these new ways of producing new visual effects, content creators and editors find themselves facing new dimensions of complexity. Authoring and publishing state-of-the-art graphics is an immense challenge that is growing each day.
Larger and more complex jobs spanning thousands of frames across time (for animations) and space (for VR walkthroughs) require external servers and additional resources, and rendering may exponentially increase due to higher frame resolution and frame rate. The future demand for advanced rendering will lead to even more complexity and require higher resolution and more interactivity.
Summary of Current Issues
Network Scalability: There are limits on what can be done rendering GPU power locally, on a network, or even in the cloud. It’s impossible to leverage GPUs throughout the world efficiently without some sort of decentralized system that tracks and manages render jobs.
GPU Cloud Gap: Centralized data centers have been unable to expand fast enough to meet the demand, and they use enterprise-grade GPUs hardware, designed for intense workloads, which are far more expensive and only marginally better than consumer GPU’s.
The Missing GPU Network: GPUs, the most efficient rendering hardware, are now a standard component on every phone and PC. However, most developers’ GPUs remain idle when they are not rendering their own work.
A Better Use for GPU Power: Today, a large and growing amount of GPU power is used for Proof-of-Work (PoW) mining. But PoW is inherently inefficient, leveraging GPU power to solve arbitrary hash functions in order to power the network. GPUs should be used for the work that they were designed for, and this will eventually be the underlying protocol that will power the Render Network.
Digital rights management: there is no Universal storage location for artists to keep their work and know that it belongs to them. Through blockchain and Protocol-based network storage RNDR, ledger artist can save and access their designs and creations.
Rendering Solutions
Make the network will become the first chain change the strength of the GPU Computing utilizing decentralized economy becomes from the 3D assets are connected. Create a network designed to connect users looking to do a rendering of the work with people who have the GPU idle process makes. Mastered will connect their GPU Rendering to the network to receive and complete the job of rendering using OctaneRender. The user will send RNDR to for individuals who perform rendering and OTOY will receive a small percentage of transactions and to facilitate RNDR run make network.
Instead of the GPU is used in mining for currency only, Rendering will use intrinsic functions to render and exploit blockchain features: networks, incentives and confidence.
The chip giant graphics like AMD and Nvidia GPU s started making solely to mine at blockchains. Token make OTOY can take advantage of the swamp s group is between developers and customers OctaneRender and move it to the blockchain database does not change and distributed.
As network rendering blockchain can facilitate the efficient rendering of, special, and can be remuneratif from the tasks time-stamped on the basis of peer-to-peer.
Functions of Render It Coin
Works on Ethereum: the design of our coin based on Ethereum inherits the recognition that these contract-based smart currencies already exist and will be well known for global exchange. As Ethereum already uses the capabilities of
Blockchain, our coin also excels in the amazing features of this innovative technology, such as worldwide access, decentralization, anonymity, fraud prevention and much more.
Constant value with Render It: We have developed and implemented Render It Coin, so it will always maintain its value when used as a payment medium in exchange for services offered on our platform.
Removal: during ICO coins will be available for withdrawal at any time. You can withdraw purchased tokens in your wallet during and after the ICO.
A coin supported by high-tech hardware: redeem the tokens that you purchased for our services, including access to high-end computer equipment. Remote access to our equipment for performing complex computing tasks or using the received coins to pay for mining contracts offered on our farm.
Advantages of Render It Coin
Reduce energy costs: to achieve our goals and complete our vision, we will allocate the funds raised by our investors to the construction of a private wind turbine that will reduce the operating costs of energy associated with the connection of our facilities. It also opens up opportunities for the implementation of unique innovative proposals and services.
Coin acceptance: Render It Coin will be a respected and accepted form of payment for all transactions that can be executed on our platform and always evaluated at a constant rate, which lowers this rate if our Crypto currency grows.
Rent of high-tech computer equipment: buyers can redeem this coin to lease high-performance computer equipment on the platform Render It
ICO DETAILS
Token Name : RNDIT Token
Platform : Ethereum.
Type : ERC20
Tokens for sale ; 4,000,000
Pre ICO Price ; 1 RNDIT = 2.5 EUR
ICO Price ; 1 RNDIT = 10 EUR
Platform ; ERC20 Ethereum
Accepting ; BTC, ETH, Fiat
Minimum investment ; 10 EUR
Soft cap ; 5,000,000 EUR
Hard cap ; 25,000,000 EUR
Country ; Ireland
Whitelist/KYC ; None
Restricted areas ; None
Render It Coin ERC20 Contract
0x552fdc8820e46308d2a5a5705c83a71412a9a37c
Token Allocation
55% for sale
35% for RNDR Reserve
10% to the team + Advisor (6 months/team Advisor lockup)
Token Utility
Render Token RNDR, is token utilities are powered by OTOY. RNDR will become the main unit that is used to exchange the rendering and streaming services and employment proof-of-OctaneRender in the network Cloud rendering (ORCS), cloud rendering market OTOY. In its final form, the token will allow users to utilize various GPU available on peer-to-peer, allowing rapid and reliable rendering facilitated and monitored by blockchain.
In the network, the user will create an ORC account which will be linked to blockchain through smart contract Ethereum and unique purses. By buying and storing the token in the rendering of their account, the user will be able to swap this token in the network to a range of services rendering and streaming. After the process is complete, the user can then withdraw their Rendering to Ethereum Token and the fiat currency to convert if they wanted to.
Roadmap
TEAM
Details about the project below ;
WEBSITE : https://renderitcoin.eu/
WHITEPAPER : https://renderitcoin.eu/white_paper.pdf
ANN : https://bitcointalk.org/index.php?topic=4927326.msg44381095#msg44381095
TELEGRAM : https://t.me/renderIt_coin
REDDIT : https://www.reddit.com/user/renderitcoin/
LINKEDIN : https://www.linkedin.com/company/renderitcoin//
FACEBOOK : https://www.facebook.com/renderitcoin/
TWITTER : https://twitter.com/renderitcoin
MEDIUM : https://medium.com/@Render_It_Coin
YOUTUBE : https://www.youtube.com/channel/UCs-x6CWVONBiDZBFJM9P9MQ
Author ; Joshon_jos
Bitcointalk profile URL ; https://bitcointalk.org/index.php?action=profile;u=2109527
ETH address ; 0x7E70C5E5A01D1409f71eC1c278d29f545DEd5c71
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