How many rndr coins are there in total?
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- 2024-05-07 14:01:52380browse
The total supply of RNDR is 10 billion and is designed to meet the growing demand for rendering and support the decentralized rendering ecosystem.
Total supply of RNDR coins
The total supply of RNDR coins is 10 billion.
RNDR Coin is a utility token used to pay for rendering services on the Render Token Network (RNDR). The total issuance of RNDR is fixed and is issued in full through a token generation event at the outset. This means that no more RNDR coins will be created or minted.
The total circulation is divided into the following parts:
- Community: 50%
- Team: 20%
- Early Backers: 15%
- Ecosystem Fund: 5%
- Partners: 5%
- Liquidity: 5%
Tokens in the community allocation have been distributed to individuals and entities through public token sales and airdrop events. Tokens in the team allocation are owned by project team members and contributors. Tokens from other portions of the distribution are used to support the growth of the ecosystem, reward partners, and provide liquidity.
The fixed issuance of RNDR coins helps maintain their scarcity and potential value. It also ensures that inflationary pressure on the token remains at a minimum.
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