Crypto Com Unveils Support For Render AI Ticker Rebrand 🚨
Crypto.com, a leading cryptocurrency ecosystem is leveraging its platform to help Artificial Intelligence (AI)-based token, Render (RNDR) in its rebrand mission This will mark a shift in how the token is both traded and managed on the platform going forward.
As per an X post, the Crypto.com official handle confirmed the move will see the AI token rebranding its ticker symbol from RNDR to RENDER.
Key Timeline In the RENDER Rebrand
According to the update, to achieve the total rebrand of the token several notable steps will be carried out. On July 16, RNDR Perpetuals will cease to exist as it will get delisted on the Crypto.com exchange. Similarly, RNDR will be delisted on the Crypto (dot) com app and exchange, six days later on July 22.
Another significant schedule on the rebrand timeline is July 22. As per the statement by Crypto.com, on that date, all trading, deposits, and withdrawals of the token’s ERC-20 version will be removed. Additionally, Cronos-based RNDR will be permanently deleted while trading will be paused.
As for the one-for-one reissue of tokens from RNDR to RENDER, users will need to wait as there is no set timeline for it yet. However, users will get updates at a future date and do not need to initiate any action for the reissue.
At the time of writing, it is priced for $6.23 with hopes of a major rebound in the near future.
Render Network is a peer-to-peer network that allows AI apps and entertainment producers to rent unused GPU capacity. Assessing these services requires Render Network’s native cryptocurrency now
