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RENDER IT COIN
BE PART OF SOMETHING BIGGER

WHITE PAPER
CREATE SOMETHING BIGGER AND MAKE A GOOD INVESTMENT
© [2018] RENDER IT COIN. All rights reserved.
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Contact Details

Email

[email protected]
Website

https://www.renderitcoin.eu/
Address

Unit 8, Gorey Business Park,

Gorey,
Co. Wexford,
Ireland

Abstract

Proceeding further into the age of internet, more services can be offered
using online infrastructures. Render It, our company aspires to follow that
trend by shifting their business in that direction. Cryptocurrencies, various
virtual payment methods and fast-speed networks become key
fundamentals that support the growth of our firm. To enable a flexible
method of payment for our services we design our own digital currency,
Render It Coin, once established it will be crucial to further development of
our establishment. This new Ethereum powered currency will aid in the
future strategy we demonstrate in this paper.
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Introduction

Our company, Render It, is a computer graphics rendering solution

provider established out of passion for hardware and innovative
technologies. As a business we rent out expensive, high performance
hardware, to aid in performing various tasks, to professional firms or
creative individuals, who cannot afford to purchase or maintain such
equipment. Our goal is to shift the costs of computational power to
minimum, while also reducing the price of our service selection.
Since our interest does not solely focus on computer graphics and
rendering hardware, but also includes Blockchain [1], the technology that
enables the existence of cryptocurrencies; the virtual currency itself and the
scope of verifying block chain transactions, the means through which new
digital assets are generated and acquired, commonly known as mining.
Along with our passion and experience in this field, we set out to join this
revolutionary system of virtual assets and design our own cryptocurrency
that we have called ‘Render It Coin’, and is symbolized by ‘RNDIT’. We
believe the future of our company is closely associated with completion
and installation of Render It Coin, which becomes a standard, respected
and valued form of payment for services provided by our association.

Company - Render It

The company was established on the green isles of Ireland, that has been
our home for over a decade, along with Render It we also run our
individual separate businesses that also revolve around technology. Our
establishment began when we discovered that we share common goals and
interests, computer hardware.
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With access to newest graphics cards that we have acquired we started

sharing remote access with interested people to allow processing of
demanding computer tasks, like rendering three-dimensional models,
visuals or videos. Promptly it became obvious there exists a market of
people who call for such options to become available. Expansion of our
equipment took off and we have signed our first permanent contracts with
animation studios and professionals to establish the first subdivision under
our company name, that we suffixed with ‘farm’. The result of branching
out is a new section of our firm called Render It Farm, where we host and
advertise our offers and services in a form of various hardware lending
contracts.
Throughput processing units, or graphics cards, are not exclusively limited
to processing complicated computer graphics and have been found useful
in processing complex mathematical equations and algorithms, meaning
this computational capacity can also be leveraged to execute such tasks as
machine learning models, statistical analysis and and cryptocurrency
mining.
The rise in popularity of digital currencies lead us to take notice and direct
our focus towards this new founded area of interest, we began
programming our facilities to initiate mining of various valueable
currencies and deposit them into our private company funds. Soon after
this we designed brand new contracts for our website to reflect our new
offers, such as year long mining contracts for people who cannot afford to
acquire hardware used to perform this task.
We realise the costs of upkeep and maintaince of specialized hardware is
expensive, therefore we do our best to minimize the costs involved to
smallest possible, however limitations posed by electricity providers
prevent us from making significant reductions. We have made it our goal
to continue lessening the operating costs of equipment on our premises,
main item on our list of plans for the future and our greatest vision is
comission of a building contract with a leading supplier of high quality
services in the renewable sector, Obelisk [3], to construct our own private
wind turbine located on the Irish island, where heavy winds are in
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abudance. A renewable source of energy generated solely by the force of

mother nature would grant us with an ability to futher diminish the high
expenditure related to device upkeep.
Owning a wind turbine also presents us with unique opportunities to
develop new types of services and append them to our existing offers. An
example of a service that we strive to provide is inviting people to entrust
their hardware, that they would otherwise consider fruitless to power by
means of standard electricity providers.

Cryptocurrency - Render It Coin

Render It Coin, symbolized by RNDIT and for simplicity refered to as

‘coin’ or ‘token’ for purpose of this paper, is our own cryptocurrency
designed and powered by an ERC20 smart contract brought by Ethereum
[2]. Owned, designed and managed by our company Render It, it will act
as a main payment method and a mediator currency for all other supported
forms of payments that we accept in exchange for our services. As it
currently remains in the birth stages, it is being offered in a phase,
commonly called ‘Initial Coin Offering’ or ‘ICO’ for short by experts in this
business area, at little price rates and can be attained using common credit
card payment forms and even popular cryptocurrencies, like Bitcoin [1] or
Ethereum.
Once ICO stage is completed and our coin is completely designed and
distributed, we will register it on global and local digital currency exchange
listings, where it becomes interchangeable with other famous
cryptocurrencies, that we have mentioned before and also many more.
Constructing our own cryptocurrency demands a specification of a
capacity amont, meaning specifying an utmost limit that will govern the
supply of our coin, which we have decided to fix at 5 million tokens. It is
an optimal amount which we believe will guarentee a valueable and stable
standing for our coin.
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Our vision is for Render It Coin to become universally recognized as the

dominant digital computer graphics rendering and latest computer
hardware access currency that is traded and recorded on the global
cryptocurrency exchange.
“RNDIT” ERC20 contract : 0x552fdc8820e46308d2a5a5705c83a71412a9a37c

Render It Coin features

1) Powered by Ethereum
Ethereum powered design of our coin will inherit recognition that these
smart contract based currencies already have and will be well recognized
by global exchange. As Ethereum already leverages the capabilities of
Blockchain, our coin also succeeds the amazing features of this innovative
technology like, worldwide access, decentrilization, annonimity, fraud
prevention and more.
2) Constant value at Render It
We developed and introduced Render It Coin, therefore it will always
maintain its value when used as means of payment in exchange for services
offered on our platform.
3) Withdrawable
During ICO coins will be available to be withdrawn at any time. You can
withdraw purchased tokens to your wallet during and after the ICO.
4) Coin backed by high specification hardware assets
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Redeem tokens you have purchased for our services, that include access to
high-end computer hardware. Remotely access our equipment to perform
computationally tough tasks or use obtained coins to pay for mining
contracts offered at our farm.

The benefits of Render It Coin

1) Reduce costs of Energy

To achieve our goals and completing our vision we will allot funds raised
by our investors towards constructing a private wind turbine that will
reduce operating energy costs associated with powering our facilities. It
also paves a way for induction of unique innovative offers and services.
2) A coin of Acceptance
Render It Coin will be a respected and accepted form of payment for all
transactions that can be carried out on our platform and always be valued
at constant rate, reducing that rate if our cryptocurrency gains on value.
3) Rental Of High-End Computer Hardware
Buyers can redeem this coin to rent high-end computer hardware on
Render It platform.

What can we offer to Investors who Help us Achieve

hard cap?
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All the money collected during ICO in 80% will be allocated for the
purchase of mining equipment ( such as FPGA Cards, Antminers, etc. ) and
turbines providing free energy.

 90% of the income generated in the cryptocurrency mining farm will

be used for payments to investors who have invested in our project
during ICO and will keep RNDIT on our platform. Every user who
will store their coins on our online wallet will receive a percentage
from farm income (in BTC), evenly distributed between users.
Investors income will be based on the number of coins held.

 remaining 10% left for maintenance and equipment replacement

(maintenance - payments to us and employees dealing with the farm)
( replacement - power supplies and running gear)

 We dedicate income from high spec computer rental to equipment

upgrade and replacement of equipment for better in order to
maintain the growing difficulty of mining.

We will be able to keep payouts for investors at a high level for a long time.

20% of the money from ICO, we will allocate for equipment that will be
rented to people who need such equipment for rendering or mining. Prices
will be lowest on the market due to the lack of energy costs and no costs for
maintenance.
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Roadmap
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Conclusion

Additional details about the project can be found on

https://www.renderitcoin.eu we will be releasing more information
throughout the process to bolster the vision and outlook behind this idea.
This whitepaper will still undergo minor changes.

References
[1] S. Nakamoto, "Bitcoin: A Peer-to-Peer Electronic Cash System," https://bitcoin.org/bitcoin.pdf, 2008

[2] V. Buterin, "Bitcoin: A Next Generation Smart Contract & Decentralized Application Platform,"
http://blockchainlab.com/pdf/Ethereum_white_paper-
a_next_generation_smart_contract_and_decentralized_application_platform-vitalik-buterin.pdf

[3 “Obelisk”, https://obelisk.com/
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Render It Team

Grzegorz ‘Greg’ Dzikowski

Co-founder CEO & Hardware Specialist

Szymon ‘Simon’ Gniadek

Co-founder CEO

Hardware & Software Specialist

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Remigiusz ‘Remy’ Chincza

Co-founder CEO & Hardware Specialist

Tomasz ‘Thomas’ Jaworski

Animation & Rendering Expert

Michał ‘Mikey’ Hryciuk

Software Engineer & Lead Web Developer

Content Writer & Designer

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Shikha ‘Neha’ Dadhwal

Social Media Manager