RNDR Declines as Foundation Covers Token Upgrade Costs

• The Render Foundation has decided to cover the gas fees of holders who upgrade from RNDR to RENDER.
• This comes after the network migrated to Solana last November
• RNDR has experienced a price decline in the last week.

In a move to incentivize token migration, the Render Foundation has announced that it will cover gas fees for holders of the RNDR token who choose to upgrade to the new RENDER token on the Solana blockchain. This follows the network’s successful migration from Ethereum to Solana in November 2023.

In an announcement blog post, the foundation noted that token holders who upgrade their RNDR to RENDER are eligible for incentives, with 1.14 million RENDER set aside for this purpose. 

Following the network’s migration to the Solana network last November, its RNDR token benefited from SOL’s significant rally. Exchanging hands at $4.73 at p…

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