Render Network · RENDER

Three emission tranches of 492,132 RENDER each were minted on chain in the window, on Jul 1, Jul 23 and Aug 23 2026. The size is fixed by a governed annual budget of 5.9M, so a fast or slow month changes when the coins arrive, never how many.

The 2017 public sale and the 2018 private sale carried no vesting at all, and the release schedule is finished — there is no cliff anywhere in the window. Everything still unissued is the emission budget already counted above.

One 300,000 RENDER transfer left a Foundation treasury vault on Aug 26 2026 for an address outside the project's own published wallet list, plus 6,361 in three small transfers on Jun 26 and Jul 16 2026. It is sporadic with no published calendar, so nothing is projected forward. Still watched: a partner treasury vault holding 81.90M that has barely moved, a 9.88M bridge escrow that only draws down one-for-one against retired legacy coins, a 2.57M emissions vault, a 0.90M operations vault, a 0.60M second treasury vault and a 0.57M rewards escrow — 96.64M in total across 18 identified wallets.

There is no bankruptcy estate and no trustee distribution attached to this token, so this row is structurally empty.

There is no buyback contract and no treasury bid. The open-market purchase inside the burn loop is the same flow as the burn below, so counting it here would count one flow twice.

210,806 RENDER were destroyed across 11,503 separate job payments, funded by $320,964 of customer credit for GPU rendering and AI compute. These are real destroy instructions on the token itself — the holding wallet ended the window at 89,150, up just 755, so its balance alone would have understated the burn 279 times over.

No open-market Foundation purchase was observed in the window. The only treasury movement was outward, and it is already carried on the sell side.

There is no staking contract and no lock-up on this token — nodes are paid from emissions rather than by bonding coins, so nothing is taken off the market this way.