bitcoinlfg

Tag: Render

  • Binance to support Render token swap and rebranding, Solciety meme coin launches next week

    Binance to support Render token swap and rebranding, Solciety meme coin launches next week

    Binance to support Render token swap and rebranding
    • Binance will support Render’s RNDR to RENDER swap, suspending RNDR trades on July 22.
    • Solciety (SLCTY) meme coin, merging politics and memes on Solana, launches June 18 with a 30-day presale.
    • Solciety’s 30-day presale price is structured to increase from $0.000963 in the first stage to $0.002167 in the final stage.

    Binance has announced its support for the token swap and rebranding of the popular altcoin Render (RNDR) to Render (RENDER).

    Simultaneously, Solciety (SLCTY), a unique meme coin, is set to launch on the Solana network next week, promising to merge politics and memes for the “Degens.”

    Binance pledges to supports Render token swap and rebranding

    On July 22, 2024, Binance will suspend all RNDR deposit and withdrawal transactions. Additionally, all RNDR spot trading pairs, including RNDR/BTC, RNDR/USDT, and others, will be removed.

    Users are advised to complete their RNDR deposits before this date to avoid any inconveniences. The new RENDER trading pairs will become available on July 26, 2024, ensuring a smooth transition for all trading activities.

    Binance’s futures trading platform will close all RNDRUSDT perpetual futures positions on July 16, 2024. Similarly, margin pairs involving RNDR will be delisted, and all RNDR loan positions will be closed by July 17, 2024.

    Furthermore, Binance Pay will cease support for RNDR gift cards, converting any unused ones to RENDER gift cards automatically.

    The technical aspects of this token swap will be managed automatically by Binance, ensuring a smooth and efficient process for all users.

    Render tokens will be converted to RENDER at a 1:1 ratio, simplifying the transition.

    Upcoming Solciety (SLCTY) meme coin merges politics and memes

    Scheduled to launch on June 18th, Solciety (SLCTY) is set to become a notable addition to the Solana blockchain.

    By merging politics and memes, Solciety aims to cater to the “Degens,” individuals immersed in decentralized finance and internet culture.

    This strategic choice of Solana as the foundation leverages its high-speed transactions and low fees, making it an ideal platform for innovative projects like Solciety.

    At the heart of Solciety lies the Meme Campaigner, an innovative meme creation platform. This tool empowers users to generate and customize memes effortlessly, featuring over 200 traits, backgrounds, and fonts.

    By integrating news and current events, the Meme Campaigner ensures that memes remain relevant and timely.

    Additionally, the platform incentivizes community engagement by rewarding users with presale tokens for sharing their creations on social media, fostering a vibrant ecosystem of content creators and meme enthusiasts.

    Solciety (SLCTY) will start with a 30-days token presale

    The Solciety presale, commencing on June 18th, will last for 30 days, offering early adopters the opportunity to secure SLCTY tokens at progressively increasing prices.

    The presale structure, with price increments every 72 hours, incentivizes early participation and rewards early supporters.

    With a total supply of 3 billion SLCTY tokens, Solciety ensures a balanced distribution across various areas, including marketing, development, partnerships, and liquidity, to fuel the ecosystem’s growth and sustainability.

    The presale is designed to encourage early participation by increasing prices every 72 hours, rewarding those who invest early.

    Early investors can buy SLCTY tokens at $0.000963 during the first stage, with the final presale price projected to be $0.002167.

    Solciety has a total supply of 3 billion SLCTY tokens allocated across presale, marketing, rewards, development, partnerships, treasury, and liquidity, ensuring a balanced distribution to support the ecosystem’s growth and sustainability.

    Share this article
    Categories
    Tags

    Source link

  • Render (RNDR) price rallies as community passes key proposal

    Render (RNDR) price rallies as community passes key proposal

    • Render (RNDR) price was up 5% in the past 24 hours and 52% in the past 30 days.
    • The AI related crypto project has seen positive sentiment amid greater adoption of its technology.
    • A community vote has also passed a proposal to onboard cloud computing platform Beam.

    The price of Render rose sharply on Friday as the AI crypto token continued the outperformance seen this past week. RNDR traded more than 5% up to highs of $2.25 in the 24-hour period to the time of writing, with weekly and monthly gains at 13% and 52% respectively.

    Recent upward momentum has benefited from AI hype driven by forecasts from mainstream companies, including Microsoft, Nvidia and Palantir.

    RNDR price up as community votes for key proposal

    Render’s upside appears to have defied likely sell-off pressure after on-chain data revealed FTX/Alameda had moved over 974k RNDR tokens. While the transfer of the tokens, valued around $2 million at the time, was probably for selling purposes, the market’s reaction kept bulls in control.

    This positivity for the altcoin also came after a community vote passed the RNP-005: Beam Compute Client proposal.

    As the Render Network X account shared early Friday, the core proposal submitted on October 23 had passed. RNP-005 saw 1.4 million RNDR, or 99.79% of votes, support the onboarding of cloud platform Beam, which could become the second Compute Client leveraging Render Network’s GPUs for machine learning (ML) workloads.

    Beam’s cloud platform allows for the accelerated development and deployment of AI operations with GPUs. This will be possible without managing infrastructure, the proposal notes. 

    As such, integrating with this platform will enable Render’s decentralized GPU network to power the ML workloads. It’s a development that could see Render broaden its utility, with demand a factor for RNDR.

    With the community vote closed, the proposal has moved to the next stage of “Render Network Team Review.” If RNP-005 passes technical feasibility at this stage, the Render Foundation will move to publish the final vote – expected on Wednesday, next week.

    Share this article
    Categories
    Tags



    Source link