The Render Token project has completed a significant rebrand and network migration. Previously known as RNDR and operating on the Ethereum ERC-20 standard, the token is now called RENDER and resides on the Solana blockchain. This strategic shift aims to leverage Solana's high throughput and low transaction fees, enhancing the overall utility and efficiency of the Render network.
For users on the Crypto.com platform, the migration process has been fully executed. All existing RNDR token holdings in eligible user wallets were automatically converted to the new RENDER tokens on a 1:1 basis. This means for every RNDR token you held, you received one RENDER token.
Understanding the Render Token Rebrand
The rebrand from RNDR to RENDER is more than a name change. It represents a fundamental technological upgrade for the entire Render Network ecosystem. The core service of the network—decentralized GPU-based rendering—remains unchanged, but the underlying infrastructure has been significantly improved.
The migration to the Solana blockchain is a central part of this upgrade. Solana is renowned for its scalability and speed, capable of processing thousands of transactions per second with minimal cost. This move is expected to drastically reduce transaction fees for users interacting with the Render Network, making micro-transactions for rendering services more feasible and economical.
This transition is a proactive step by the Render Foundation to future-proof the network, ensuring it can handle increasing demand and provide a seamless, cost-effective experience for its community of node operators and artists.
Key Dates and Changes for Crypto.com Users
The migration was a coordinated effort with exchanges. Crypto.com supported the rebrand by facilitating the token swap for its users. Key operational changes occurred on a specific timeline:
- July 16, 2024: The RNDRUSD-PERP perpetual contract was delisted from the Crypto.com Exchange. Users were required to close any open positions by 08:00 UTC on that day.
- July 22, 2024: Trading, deposits, and withdrawals for the ERC-20-based RNDR token were permanently suspended on both the Crypto.com App and Exchange.
- August 2, 2024: The migration was completed. All user RNDR balances were automatically converted to RENDER tokens on the Solana network.
It is crucial to note that depositing old ERC-20 RNDR tokens after the suspension date could result in a retrieval fee, and recovery of those funds may not always be possible.
What the Migration Means for Token Holders
For most holders, the process was seamless. If your RNDR tokens were held in your Crypto.com App Crypto Wallet or your Exchange Spot Wallet, you did not need to take any action. The platform automatically handled the conversion.
The new RENDER token is a native asset on the Solana network. This change brings several practical benefits:
- Faster Transactions: Network confirmation times are significantly reduced.
- Lower Fees: The cost to send or receive RENDER is a fraction of a cent, unlike the often volatile gas fees on Ethereum.
- Enhanced Ecosystem Access: Holding the Solana-based token provides smoother integration with other applications and services within the booming Solana DeFi and NFT ecosystem.
You can now freely trade, deposit, and withdraw RENDER tokens on the Solana network through your Crypto.com account. Always ensure you are using the correct network (Solana) and memo (if required) when withdrawing to or depositing from an external wallet.
👉 Explore the Solana ecosystem for new opportunities
Navigating the Crypto.com Platform Post-Migration
With the migration complete, all functionalities for the old RNDR token have been replaced with support for the new RENDER token.
- In the Crypto.com App: You can find your new RENDER token balance in your Crypto Wallet. All trading pairs now use RENDER.
- On the Crypto.com Exchange: Your RENDER balance is available in your Spot Wallet for trading. The old RNDR trading pairs have been removed.
Automatic features like Target Price orders or Recurring Buys that were set for RNDR were terminated. Users wishing to use these features for RENDER will need to set them up anew with the new token.
Frequently Asked Questions
What is the difference between RNDR and RENDER?
RNDR was the old ticker for the token on the Ethereum network. RENDER is the new ticker for the same token, which has now migrated to the Solana blockchain. The core function of the token within the Render Network remains the same, but its underlying technology offers greater speed and lower costs.
I held RNDR on Crypto.com. Do I need to do anything?
No. If your tokens were in your Crypto.com App or Exchange wallet, the migration was handled automatically. Your old RNDR balance was converted 1:1 to the new RENDER token on Solana. You should now see your updated balance under the RENDER ticker.
What happens if I send old ERC-20 RNDR to my Crypto.com address now?
Deposits of the old ERC-20 RNDR token are not supported after the suspension date. Attempting to do so may result in a retrieval fee, and there is a risk that the funds could be lost permanently. Always ensure you are sending the correct token (RENDER) on the correct network (Solana).
Why did Render move to the Solana network?
The move to Solana was primarily driven by a need for greater scalability and lower transaction costs. The high fees on Ethereum were a barrier to the network's growth and usability. Solana's architecture allows for a much more efficient and user-friendly experience.
Can I withdraw my RENDER tokens to a self-custody wallet?
Yes. You can withdraw your RENDER tokens from Crypto.com to any external wallet that supports Solana-based tokens (SPL tokens). You must select the Solana (SOL) network when initiating the withdrawal and provide the correct destination address.
Where can I get the most official updates?
For the latest official status updates from Crypto.com, you should always refer to their official status page or announcement blog. For information directly from the token project, the Render Foundation's official channels are the primary source.
Staying informed about such significant network upgrades is crucial for managing your digital assets effectively. This successful rebrand and migration mark a new chapter for the Render Network, potentially unlocking new levels of growth and utility. 👉 Learn more about managing token migrations