Ren Price for today is $0.188. Its current circulating supply is REN 999,999,632.80 with a market cap of $166,588,074.92.
24h % PRICE
7d % PRICE
Previously known as Republic Protocol, REN is a blockchain project that aims to bring interoperability and privacy in the DeFi ecosystem. Essentially, REN makes it possible for users to transfer supported coins and tokens across blockchains. This is done in a trustless and fully decentralized environment. The project launched in 2018 and did two rounds of ICO, raising $28 million in the first ICO and $4.8 million in the second ICO, becoming an essential player in the growing DeFi space.
To fully understand REN, one needs to grasp the concept of dark pools. Dark pools are over the counter markets that allow investors to make significant asset purchases, and they exist in both crypto and traditional financial markets. However, in conventional markets, one is never sure that the centralized party making the transaction possible will keep the purchase secure and anonymous. REN enables the process of dark pool trade to happen in a trustless environment.
The other system that has to be understood is REM Virtual Machine. It is connected with networks called Darknodes, which help to identify and process transactions between blockchains protocols, and it is a trustless process. And there is a REN token, which is used to pay fees for transactions made on REN VM.
To run a Darknode, one must pay 100k REN as a bond to the registrar. For large transactions, buying REN using a trustworthy REN exchange like ChangeNOW.io is the first step, then one can enjoy the benefits that come with running a node.
One of REN's key features is speed. It can handle trades 100 times faster than atomic swaps. This makes it useful for arbitrage traders and other significant crypto movements. Closely related to speed is crypto amount involved. The protocol can securely handle large crypto amounts almost instantaneously.
Sometimes you need a way to exchange REN to other coins, or cash. The transaction can be for trading, or to get money for whatever reason. If you need a service that is fast, easy to use and has low fees - try using ChangeNOW.io as your personal REN converter as it offers all of that, and you can exchange REN without registration and with no upper limit.