Render Network announced the token distribution and unlocking situation, with 12.6 million RNDR being regularly unlocked in the first half of this year

ChainCatcher news, decentralized 3D rendering solution provider Render Network announced the distribution and unlocking status of the token RNDR. Render Network stated that when the RNP-001 proposal was put forward last year, the treasury wallet balance was 257 million RNDR, of which 107 million was to be allocated to partners, and approximately 42 million remained in custody for future distribution.

Of the 42 million RNDR to be allocated, about 12.6 million will need to be regularly unlocked within the first 6 months of 2023, 15.1 million will be regularly vested thereafter, and the remaining 14.3 million has been vested, held in custody, and can be redeemed by eligible parties for allocation.

ChainCatcher previously reported that Render Network announced the establishment of a non-profit organization, the Render Network Foundation, with the founding team transferring control of the Render Network core codebase and the Render Network brand to the foundation. (source link)