The utility token of the distributed system rendering service Render Network, a distributed ledger, has soared by more than 80% in the past week, after the online poll was based on a new token economics model.

The price of RNDR has risen 16% in the past 24 hours and 425% this year, according to CoinGecko, a password data provider. Tokens have risen from 40 cents on January 1 to $2.16 at this stage.

The recent rise comes after rendering the Internet vote on January 31st according to a new kindling and peppermint equilibrium (BME) entity model, which limits net discharge. Under the proposal published on GitHub, the innovative model would allow artists to damage the number of RNDR needed in exchange for irreplaceable personal credit at work, which would be distributed to connection point network operators.

In the BME model, the purpose of Render is to make RNDR a commodity spot and deflationary property. Render Network, founded in 2016 by Jules Urbach of cloud rendering company OTOY, provides rendering services based on distributed system Image processor (GPU) for the culture and entertainment industry.

Login password data provider Coinglass shows that at this stage, the financing rate of tokens is still positive in most trading centers, indicating that the mood of traders is mostly bullish.

Somewhere else in the market.

BTC (BTC), the digital currency with the largest market capitalization, edged up 2% to a new $23250. Before raising interest rates, Federal Reserve Jerome Powell strictly implemented what he said last week in an exchange at the Washington Economic Development Club that "the whole process of deflation" now begins.

In a statement on Tuesday, Oanda high-end investment analyst Edward Moya wrote that as long as the human capital market has cooled and next week's inflation report does not show a sharp rise, BTC is likely to show a further bullish trend.

ETH, following BTC's example, traded at $1670, up 3.5 per cent from the same period on Monday. The WJB market index, which takes into account the password market as a whole, has recently risen 2.2%.

After Powell's remarks, the traditional market also rose, with the S & P 500500 index up 1.2 per cent. The NASDAQ Composite Index and the Dow Jones Industrial average, which are dominated by energy stocks, also rose 1.9% and 0.7% respectively.