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Intially launched in 2017 on the Ethereum chain by OTOY inc, and then migrated to the Solana chain in 2024, Render (RENDER) is a utility token used by artists on the network to trade RENDER tokens for GPU computing power from GPU providers (node operators). Render utilizes a manual and proof of work system to verify all art has been successfully rendered prior to payment disbursal and art release. A watermark is used on the assets and only becomes un-watermarked after payment held in escrow is manually verified as being correctly rendered.
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* Although the term "stablecoin" is commonly used, there is no guarantee that the asset will maintain a stable value in relation to the value of the reference asset when traded on secondary markets or that the reserve of assets, if there is one, will be adequate to satisfy all redemptions.
Because stablecoins* are designed to maintain a peg to fiat currencies, they can be useful tools. Coins such as USDC, USDT and QCAD generally experience lower volatility than other crypto assets.
* Although the term "stablecoin" is commonly used, there is no guarantee that the asset will maintain a stable value in relation to the value of the reference asset when traded on secondary markets or that the reserve of assets, if there is one, will be adequate to satisfy all redemptions.
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