Render Token (RNDR) is the native utility token of the Render Network, a blockchain-based platform that enables individuals to contribute their unused GPU power to help projects render motion graphics and visual effects. Here is how RNDR is used:

1. Payment for Rendering Services: Creators use RNDR tokens to pay for on-demand GPU compute provided by Node Operators. This payment is made through the Render Network, which facilitates the transaction and allocates the job among the nodes.

2. Node Operator Rewards: Node Operators, who provide their idle GPU power, earn RNDR tokens for completing rendering jobs. This incentivizes them to contribute their resources to the network.

3. Transaction Fees: A small percentage of RNDR tokens, ranging from 0.5% to 5%, is charged on every transaction. This fee goes towards the future development and running of the Render Network.

4. Reputation System: Both Creators and Node Operators have reputation scores, which affect their access to nodes and job assignments. This system ensures that high-quality work is rewarded and maintained within the network.

5. RNDR Credits: The platform also offers RNDR Credits, which allow Creators to purchase rendering power using PayPal and Stripe. These Credits are non-exchangeable and only usable on the network, making it more user-friendly for non-technical creators.

In summary, RNDR tokens are the primary means of exchange on the Render Network, facilitating the decentralized rendering process and rewarding Node Operators for their contributions.

To store Render Token (RNDR) tokens, you can use an ERC-20 compatible wallet. Here are the steps:

1. Choose a Wallet: Select a wallet that supports ERC-20 tokens, such as MetaMask, Ledger, or Trezor. MetaMask is a popular browser extension that can be installed on Chrome, Edge, Firefox, or Brave browsers.

2. Install MetaMask:

   • Go to metamask.io and install the extension.
   • Be cautious during the installation process, as there is no "undo" button, and losing your private keys can result in the loss of your coins.
   • Write down and store your recovery passphrase and private key securely.

3. Add RNDR as a Custom Token:

• Go to etherscan.io and search for RNDR.
• Click on the "Add Token to MetaMask (Web3)" option.
• Confirm the addition of the token to your MetaMask wallet.

4. Alternative Wallet Options:

   • Ledger and Trezor are hardware wallet options that can be used to store RNDR tokens securely offline.
   • These wallets provide an additional layer of security against malicious attacks and threats.

5. Security Reminders:

   • Never share your private keys or recovery passphrase with anyone, as they can be used to access your tokens.
   • Keep your wallet and recovery information safe to prevent theft or malicious activity.

By following these steps, you can securely store your Render Token (RNDR) tokens in an ERC-20 compatible wallet.

To buy Render Token (RNDR) tokens, follow these steps:

1. Create an Account: Sign up for a free account on a cryptocurrency exchange that supports RNDR, such as KuCoin, Binance, or Kraken.

2. Verify Your Account: Complete the verification process by providing the required identification documents and confirming your email address.

3. Add a Payment Method: Deposit funds into your exchange account using a credit card, debit card, wire transfer, or Bitcoin (BTC).

4. Buy Render Token: Use your deposited funds to purchase RNDR tokens. You can do this on the exchange's spot market or through other available methods.

5. Store Your Tokens: Once you have purchased RNDR, you can store them in your exchange account or transfer them to a non-custodial wallet like MetaMask for added security.

Remember to always follow the specific instructions provided by the exchange you choose, as the process may vary slightly.