- 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.
The Render Network Foundation is covering gas fees for those that choose to upgrade RNDR to RENDER until Wednesday, January 31, 2024. https://t.co/iqBE6QEQIIHave questions about the upgrade? Find answers on the Foundation website: https://t.co/7TtzBv9Ejq
— The Render Network (@rendernetwork) January 2, 2024
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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