We are excited to announce that SunCrypto will support the rebranding of the RNDR token into the RENDER token. This upgrade marks a significant development in the Render Network's journey as it transitions from the Ethereum blockchain to the Solana blockchain, enhancing the technical architecture and overall efficiency of the network.
Key Details You Need to Know
▪️ Trading Suspension Date: To facilitate this transition, trading of RNDR tokens on the SunCrypto application will be suspended starting from July 21.
▪️ Token Swap Ratio: The upgrade from RNDR ERC-20 tokens to RENDER SPL tokens will occur at a 1:1 ratio, meaning that for every RNDR token you currently hold, you will receive one RENDER token.
1RNDR = 1RENDER
▪️ SunCrypto will start the trading services for the RENDER token on July 26, 2024, when the rebranding is done.
▪️ No Action Required: If you hold RNDR tokens on SunCrypto, you do not need to take any action. SunCrypto will automatically handle the transition, swapping your RNDR tokens for the new RENDER tokens seamlessly.
Why the Rebranding and Upgrade?
The decision to rebrand and upgrade from the Ethereum blockchain to the Solana blockchain is driven by several key factors:
▪️ Enhanced Performance: Solana offers significantly higher transaction speeds and lower costs compared to Ethereum. This transition aims to provide users with a more efficient and cost-effective network.
▪️ Scalability: Solana's architecture allows for greater scalability, which is essential for accommodating the growing number of users and transactions on the Render Network.
For more detailed information about this upgrade, you can click here?
At SunCrypto, we are committed to supporting innovations that enhance the efficiency and security of our platform and the broader cryptocurrency ecosystem. The rebranding and upgrade of the RNDR token to the RENDER token is a significant step forward, and we are here to ensure that this transition is as smooth as possible for our users.
If you have any questions or need further assistance, please do not hesitate to contact our support team at [email protected]. Stay tuned for more updates and happy trading!
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