RNDR/USDT: Convert and Swap Render (ERC-20) (RNDR) to Tether (USDT)

Render (ERC-20), also known as RNDR, is a distributed GPU rendering network that operates on the Ethereum blockchain. It aims to connect artists and studios in need of GPU compute power with mining partners willing to rent out their GPU capabilities. The network was conceived in 2009 by OTOY, Inc. CEO Jules Urbach and launched in 2017. RNDR is an ERC-20 utility token used by artists on the network to exchange for GPU compute power from GPU providers, also known as node operators. The network utilizes a combination of manual and automatic proof of work system, or in this case, proof of render, to verify all art has been successfully rendered prior to payment disbursal and art release.

Render (ERC-20) operates by allowing artists to exchange RNDR tokens for GPU compute power from GPU providers. The network uses a combination of manual and automatic proof of work system, known as proof of render, to verify that all art has been successfully rendered before payment is disbursed and the art is released. The Ethereum blockchain's inherent security properties are utilized to hash proprietary assets upon upload and send them to nodes piecemeal for rendering. All RNDR payments are stored in escrow during rendering and are released to node operators upon manual verification by the commissioning artist of successful work. To prevent malicious actors, all assets rendered on the network are watermarked until payment is successfully disbursed.

Render (ERC-20) has a wide array of potential use cases, particularly in the realm of 3D content creation and artificial intelligence. The network provides a platform for a variety of computation tasks, from basic rendering to artificial intelligence, which are facilitated swiftly and efficiently in a blockchain-based peer-to-peer network. This ensures secure property rights and eliminates the need for third-party facilitators. The network also provides granular digital rights management through on-chain traceability of a node-based render graph. This makes it an ideal solution for next-generation immersive media and artificial intelligence that require new forms of authentication and provenance.

Render (ERC-20) was first conceived in 2009 by OTOY, Inc. CEO Jules Urbach and was launched in 2017. The first public token sale of RNDR took place in October of the same year, followed by a private sale period lasting from January 2018 to May 2018. During the private sale period, early adopters were onboarded onto the RNDR Beta Testnet, where beta node operators and artists worked collaboratively with the RNDR team in building and testing the network. The public launch of the network took place on April 27th, 2020. The RNDR team is based out of Los Angeles, with team members throughout the world. The advisory board of RNDR boasts industry leaders such as Ari Emanuel, JJ Abrams, and Brendan Eich, who have all advised RNDR in various capacities in bridging the gap between creating a system that appeals to both cryptocurrency communities and Hollywood studio production pipelines.

Tether (USDT) is a digital currency platform that was launched in 2014 with the aim of facilitating the use of traditional fiat currencies in a digital format. It seeks to provide a more modern approach to money, disrupting the conventional financial system. Tether has made strides by enabling customers to transact with traditional currencies across the blockchain, without the typical volatility and complexity associated with digital currencies. Tether's USD₮ token is a digital dollar, powered by blockchain technology, and is pegged 1:1 to the USD. This stablecoin provides individuals and organizations with a robust and decentralized method of exchanging value while using a familiar accounting unit.

Tether operates as digital tokens built on several leading blockchains, including Algorand, Avalanche, Bitcoin Cash’s Simple Ledger Protocol (SLP), Ethereum, EOS, Liquid Network, Omni, Polygon, Tezos, Tron, Solana, Kava, and Statemine. These transport protocols consist of open-source software that interfaces with blockchains to allow for the issuance and redemption of Tether tokens. Every Tether token is backed 100% by Tether's reserves, and Tether publishes a record of the current reserve assets, maintaining transparency.

Tether's unique feature is that its value is guaranteed to remain pegged to the U.S. dollar. This property makes Tether a safe haven for crypto enthusiasts during periods of high volatility, as they can park their portfolios in Tether without having to completely cash out into USD. Additionally, Tether provides a simple way to transact a U.S. dollar equivalent between regions, countries, and even continents via blockchain, without having to rely on a slow and expensive intermediary, like a bank or a financial services provider.

Tether, initially known as Realcoin, was launched in 2014 by Brock Pierce, Reeve Collins, and Craig Sellars. Brock Pierce is a renowned entrepreneur who has co-founded several high-profile projects in the crypto and entertainment industries. Reeve Collins was the CEO of Tether for the first two years of its existence and has co-founded several successful companies. Craig Sellars has been a member of the Omni Foundation for over six years and has worked in several other cryptocurrency companies and organizations. Over the years, Tether has faced controversies regarding the validity of their USD reserves, at times disrupting USDT’s price. Despite these challenges, Tether has continued to grow and expand its operations.