TechFlow news, Render Network, a decentralized 3D rendering solutions provider, has released details on the distribution and unlocking schedule for its RNDR token. Render Network stated that when the RNP-001 proposal was introduced last year, the treasury wallet balance stood at 257 million RNDR tokens, of which 107 million were designated for partners, while approximately 42 million remained in escrow for future distribution.
Of the 42 million RNDR tokens pending distribution, about 12.6 million are scheduled to be unlocked periodically within the first six months of 2023, 15.1 million will vest periodically thereafter, and the remaining 14.3 million have already vested, are held in escrow, and are redeemable by eligible recipients.
Previously, Render Network announced the establishment of the non-profit Render Network Foundation, with the founding team transferring control of the core codebase and the Render Network brand to the foundation. Source link
