Idea & Token
Being the last stage of CGI (Computer Generated Imagery) production, rendering requires huge computing power and leads to high costs and significant time consumption. Here are some numbers to understand the problem scale. To render one image you will spend up to 24 hours, to render 1 second of animation – up to one month! A computer’s GPU (Graphical Processing Unit) is still the weakest link in the chain. To accelerate the rendering process you can use a supercomputer, but it costs up to $100 million and even higher, so only industry leaders can afford it. Leonardo Render is creating a decentralized graphical rendering platform, an affordable cloud-based supercomputer solution to accelerate the rendering process. Users will be able to rent the required amount of GPUs to complete their renders in real time. Leonardo Render has already established partnership with the 23,000 GPU facility, Giga Watt, the largest crypto mining site in the United States. In addition to the speed and low costs (price starts from $0.25 per GPU per hour), Leonardo Render declares such features as scalability for a limitless amount of decentralized compute power, and intellectual property protection thanks to a strict security protocol and data encryption. Comparing to the competitors, Leonardo Render positions its solution as the cheapest in the industry and 3x-6x faster.
Their ERC-20 utility token called LEOS will be used to convert GPU power into graphical rendering. Apart from LEOS, the platform will also accept ETH, BTC, and fiat. Miners will need to stake a certain amount of LEOS to provide rendering services to the platform clients. The stake size will be dynamically adjusted to optimize miner and customer incentives. Staked tokens will also serve as a security deposit to ensure a high quality product. A total supply is 100,800,000 tokens. The token distribution is as follows: 35% – sale, 12% – team, 5% – advisors, 3% – bounty, 10% – reserve, 15% – community pool, 20% – miners reward pool.
The site lists 9 members and 5 advisors including a software architect (worked for IBM), designers, entrepreneurs, and managers. CEO Marco Iodice is a multi-award-winning creative with a wide range of experience from music composition and sound design to 3D modeling, animation, and VR programming.
Leonardo Render presents a logical decision to the traditional issues of the graphical rendering industry – low processing speed, time consumption, and high costs. A cloud-based solution that allows users to rent any number of GPUs and pay just for the task – sounds simple and fair. Moreover, they claim to become the cheapest and fastest solution in the industry. Among possible obstacles, we see utilizing of Ethereum that has its own limitations. Currently the team searching for an alternative. Due to narrow sphere of usage, the token may suffer from low demand.
A good project with a logical and real idea to make the rendering process fast and cheap by using a cloud-based supercomputer-like solution.
Leonardo Render ICO datesexport to calend
Leonardo is an institutional grade graphical rendering solution that joins an enterprise level rendering software application with a blockchain-based protocol that provides access to the computing power of all network participants.
The platform’s blockchain-based supercompute protocol delivers customers the fastest, simplest, and most affordable cloud-based rendering solution on the market.
Using Leonardo’s desktop application, artists, designers, manufacturers, and corporations of every size and scale will be able to purchase the computing power needed to complete a render. This system offers both an unparalleled user experience and a high level of intellectual property security.
The cost of Leonardo’s service will be priced up to $.50 USD per GPU per hour, depending on the power of the GPU selected. A single GPU, on average, earns $.035 USD per hour mining Ethereum at the time of writing. Leonardo will ensure a consistently high quality of service through a built-in incentive model for miners. Each miner will stake a certain number of LEOS tokens, to provide services for the network.
This stake also serves as a security deposit. If for whatever reason, the quality of the render falls below acceptable standards, the staked tokens will be revoked from the miner and equivalent compensation will be made to the client. This type of model gives all miners a strong economic incentive to deliver render services to the highest possible standards. The role of the LEOS token is described in further detail in the “Token Model” section below.
Leonardo is already in the first stage of deployment and has entered into a vertically integrated partnership with the United States’ largest crypto mining facility: the 23,000 GPU Giga Watt facility in Washington state. Retail consumers and institutional renderers alike will enjoy the ability to watch their renderings complete in real time, on their desktops, at the fastest speed and lowest costs currently available across all industry participants.
As the business develops, Leonardo will continue to onboard mining participants. Leonardo miners will require a minimum of 50 GPUs to join the network. While other distributed computer projects accept single GPU miners as participants, Leonardo sets a high minimum due to the technical aspects of completing a render.
In order to render quickly, Leonardo will sum GPU power from multiple miners, but because large distances between miners cause system latency, it makes sense to aggregate power from miners situated in the same location to service a single client.
By creating a network of large-scale GPU farms all around the world, Leonardo will be able to service clients globally, sourcing GPU power for each client based on proximity to a participating farm.