Render Network is undergoing a major conversion, exchanging RNDR tokens for the new RENDER token at a 1:1 ratio.
This change is designed to improve network functionality and integrate with the Solana blockchain to provide better scalability and lower transaction fees.
OKX, as a major cryptocurrency exchange, will support this swap. The specific arrangements are as follows:
- July 9, 4:00 pm: All RNDR pending orders will be canceled and the RNDR trading pair will be offline.
- July 9, 6:00 pm: RNDR deposit, withdrawal and transfer functions will be closed.
- July 10, 12:00 AM: OKX will take a snapshot of the RNDR account and begin the token swap process. After the replacement is completed, RNDR tokens will be replaced by RENDER tokens and issued to user accounts.
Users should ensure that their RNDR tokens are available and not being deposited or withdrawn when the snapshot is generated before they can participate in the swap.
In addition, only users holding more than 1 RNDR can be included in the swap range.
Binance will support this token swap of Render Network (RNDR). Binance will assist users to convert RNDR tokens into new tokens RENDER at a 1:1 ratio. Specific details will be released in the official announcement, please stay tuned for the latest developments from Binance.
The new RENDER token will support Solana-compatible wallets such as Phantom, Solflare, and Glow, and users can expect the same utility and additional benefits due to the network upgrade. For more details on the swap process and managing the new RENDER tokens, please visit the [Render Network Knowledge Base]