As we go further into the Internet Age, there are more and more services that are provided. Two examples are rendering and cryptocurrency mining. While these services are necessary and can bring significant profit, not everyone has access to them. There is a need for a platform that can provide these services, which is the aim of Render It.
What Is Render It?
It is a platform that provides services related to high-end computer hardware, specifically, rendering and cryptocurrency mining. Render It realizes that there are many individuals as well as professional firms that require high-end computer hardware but either don’t have or unable to maintain such expensive equipment. By renting such equipment, the platform aids individuals and firms to do their business.
The platform’s goals are to minimize the costs related to computational power and eventually, reduce the price of the platform’s services. These goals will be achieved by utilizing Blockchain, owning high-end computer hardware and cryptocurrency mining farm, and issuing internal mean of exchange known as Render It Coin.
How the Platform Works
The platform operates by providing access to high-end computer hardware that will enable users to do heavy and demanding tasks, such as graphics rendering and cryptocurrency mining. Users will be able to access the platform’s available hardware remotely. These services will be redeemed with the token that the platform will issue.
To purchase the necessary equipment, the platform will sell the token to investors. There will be 5,000,000 tokens in total. These tokens will be powered by Ethereum, which means it will be well-recognized globally. In addition to that, the token will be interchangeable with today’s major cryptocurrencies, including Bitcoin and Ethereum.
Render It attempts to minimize every cost involved in its operation. One of the most expensive is electricity. To solve this, the platform will use the fund received from investors to build a private wind turbine. Since a wind turbine is a renewable energy source, the electricity cost will be reduced significantly.
By owning a private wind turbine, the platform will also open new, unique opportunities to develop various services that are not available today. One example that the platform wants to do is to invite people to entrust their computer hardware which they consider fruitless to power in a conventional manner.
Render It Coin
To make things easier for users, the platform will release the Render It Coin. This token has several features. First, the token is powered by Ethereum. Due to this, the token will be well-recognized as a mean of exchange globally, provide anonymity, decentralization, worldwide accessibility, fraud prevention and more.
Another feature of the token is its constant value. The platform will ensure that the token will have a constant value when the token is used as a mean of transactions within the platform. Users will be allowed to withdraw the tokens they have any time they want, be it during or after the ICO.
Render It Coin Benefits
There will be benefits for the Render It Coin holders. The first benefit is the flexibility of the token. The token is accepted as a mean of exchange within the platform. The token will be valued at a constant rate. In case the token value is increased, the platform will reduce said rate.
The second benefit is the token holders will be able to redeem the token to rent the high-end equipment within the platform, be it for mining or rendering purposes. There is also an additional benefit of reduced energy costs due to a private wind turbine, which is paid by fund collected from the token sale.
Fund Allocation
After the fund is collected, 80% of the fund will be used to purchase necessary equipment for mining (such as Antminers, FPGA Cards, etc.) as well as energy-generating turbines. The other 20% will be used to purchase necessary equipment for rendering and mining. Unlike the first equipment, this equipment will be rented to people who need such equipment.
Income Allocation
Render It will have income from its cryptocurrency mining farm. 90% of the total income will be allocated as payments to the project investors and keeping the token within the platform. For the 10%, it will be allocated as payments to the team and employees who take care of the mining farm and to purchase running gear and power supplies.
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