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REN/INR: Convert Ren (REN) to Indian Rupee (INR)

1 Ren equals ₹3.59 Indian Rupee

Ren (REN) is not tradable on Coinbase.

Data is sourced from CoinMarketCap and other third parties. We make no representation on the accuracy of the data provided. Learn more

Last update: 3:52 AM, July 13, 2024

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Overview

About Ren (REN)

Ren (REN) is an Ethereum token that powers Ren’s open protocol for transferring cryptocurrencies between blockchains. Ren aims to bring popular assets like Bitcoin and Zcash to blockchains including Ethereum, making it possible for these assets to participate in a multi-chain decentralized finance ecosystem.

Ren (REN) is an open protocol designed to enhance interoperability and liquidity between different blockchain platforms. The protocol's native token, REN, serves as a bond for those running nodes, known as Darknodes, which power RenVM, Ren's virtual machine mainnet. Ren's primary objective is to improve the accessibility of decentralized finance (DeFi) by eliminating the challenges associated with liquidity between blockchains. It achieves this by allowing DeFi projects to incorporate foreign cryptocurrency assets into their offerings and enabling users to swap any token between any two blockchains without the need for intermediary steps.

Ren operates through RenVM, a network of virtual computers that collectively form a virtual machine. The computers that power the network making up RenVM are referred to as Darknodes. Ren charges various fees for internal operations, but most of these do not contribute to direct profitability and are instead paid to miners. As an ERC-20 token, REN also incurs varying gas fees to power transactions. RenVM employs a Byzantine fault-tolerant protocol that facilitates ECDSA threshold key generation and signing via secure multi-party computation (sMPC), enabling it to securely manage (ECDSA) private keys on different blockchains and shift tokens between these blockchains.

Ren is designed to overcome barriers to entry and investment for DeFi projects. As a plug-in, it enables DeFi projects to incorporate foreign cryptocurrency assets, such as Bitcoin and Zcash, into their offerings. More broadly, it allows users to swap any token between any two blockchains without the need for intermediary steps, such as using "wrapped" versions of tokens. This functionality aims to enhance the interoperability of the DeFi space, making it more accessible and user-friendly.

Ren was founded by Taiyang Zhang in 2017 and was initially known as Republic Protocol. The project was first announced in January 2018, with Zhang outlining its initial use case as a "decentralized dark pool." Ren launched RenVM, its virtual machine mainnet, in May 2020, following a successful initial coin offering (ICO) in 2018 that raised $34 million. Zhang has a background in the cryptocurrency space, having co-founded crypto hedge fund Virgil Capital. Prior to that, he co-founded Neucode, a software and web development startup, in 2014.

How Ren (REN) and Indian Rupee (INR) differ

Ren (REN) and the Indian Rupee (INR) are two distinct forms of currency, each with its own unique characteristics and uses. Ren is a digital asset, part of the burgeoning world of decentralized finance (DeFi), and operates on an open protocol designed to enhance interoperability and liquidity between different blockchain platforms. Its native token, REN, serves as a bond for those running nodes, known as Darknodes, which power Ren's virtual machine mainnet, RenVM. Ren's primary objective is to improve the accessibility of DeFi by eliminating the challenges associated with liquidity between blockchains. On the other hand, the Indian Rupee is a traditional, government-issued currency used in India. It is a physical form of money, regulated by the Reserve Bank of India, and is used for all types of transactions within the country. Unlike Ren, which operates on a decentralized network, the Indian Rupee is centralized and subject to government regulations and monetary policies. While Ren aims to enhance the interoperability of the DeFi space, the Indian Rupee serves as a medium of exchange, store of value, and unit of account within the Indian economy.

Ren Markets

Ren is climbing this week.

The current price of Ren is ₹3.59 per REN. With a circulating supply of 999,127,500.362 REN, it means that Ren has a total market cap of ₹3,588,083,131.33. The amount of Ren traded has fallen by ₹50,251,093.83 in the last 24 hours, which is a 8.57% decrease. Additionally, in the last day, ₹586,086,098.51 worth of REN has been traded.

Market cap

$3.6B

Volume (24h)

$586.1M

Circulating supply

999.1M REN

FAQ

How much is 1 Ren in INR?

Right now, 1 Ren is worth about ₹3.59.

How much REN could I buy for 1 INR?

Based on the current rate, you could get 0.28 REN for 1 INR.

How much has the price of Ren changed?

Ren price has been on the rise. Since yesterday, the exchange rate of Ren has increased. Since last month, the exchange rate of Ren has decreased. Since this time last year, the price of Ren has decreased.

How do I calculate or convert REN to INR?

You can use our REN to INR calculator at the top of this page to convert any amount of REN to INR. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 INR is equivalent to 1.39 REN. Inversely, 5 REN will cost about 17.96 INR.

How can I buy 1 Ren on Coinbase?

Ren is available to trade on DEX within your Coinbase app. Check out our guide to get more detailed instructions on how to buy Ren.

What are assets similar to Ren that I can buy?

There are a number of crypto assets that have the a similar or comparable market cap to Ren, including Mines of Dalarnia, Shido [New], and Niza Global. For a more robust list of assets to explore, jump to the asset page dedicated to Ren.

Conversion tables

The exchange rate of Ren is decreasing.

The current value of 1 REN is ₹3.59 INR. In other words, to buy 5 Ren, it would cost you ₹17.96 INR. Inversely, ₹1.00 INR would allow you to trade for 0.28 REN while ₹50.00 INR would convert to 13.92 REN, not including platform or gas fees.

In the last 7 days, the exchange rate has increased by 9.04%. Meanwhile, in the last 24 hours, the rate has changed by 2.49%, which means that the the highest exchange rate of 1 REN to Indian Rupee was 0.043367303071816576 INR and the lowest 24 hour value was 1 REN for 0.041375053698860687 INR. This time last month, the value of 1 REN was ₹4.93 INR, which is a 27.22% increase from where it is now. Looking back a year, Ren has changed by ₹1.89 INR. That means that in a single year, the value of Ren has shrank by 34.43%.

REN to INR

Amount
Today at 3:52 am
0.5 REN
₹1.80
1 REN
₹3.59
5 REN
₹17.96
10 REN
₹35.91
50 REN
₹179.56
100 REN
₹359.13
500 REN
₹1,795.64
1,000 REN
₹3,591.29

INR to REN

Amount
Today at 3:52 am
0.5 INR
0.14 REN
1 INR
0.28 REN
5 INR
1.39 REN
10 INR
2.78 REN
50 INR
13.92 REN
100 INR
27.85 REN
500 INR
139.23 REN
1,000 INR
278.45 REN

Today vs. 24 hours ago

Amount
Today at 3:52 am
24 hours ago
24H Change
0.5 REN
₹1.80
₹1.75
+2.49%
1 REN
₹3.59
₹3.50
+2.49%
5 REN
₹17.96
₹17.52
+2.49%
10 REN
₹35.91
₹35.04
+2.49%
50 REN
₹179.56
₹175.19
+2.49%
100 REN
₹359.13
₹350.39
+2.49%
500 REN
₹1,795.64
₹1,751.94
+2.49%
1,000 REN
₹3,591.29
₹3,503.88
+2.49%

Today vs. 1 month ago

Amount
Today at 3:52 am
1 months ago
1M Change
0.5 REN
₹1.80
₹2.47
-27.22%
1 REN
₹3.59
₹4.93
-27.22%
5 REN
₹17.96
₹24.67
-27.22%
10 REN
₹35.91
₹49.35
-27.22%
50 REN
₹179.56
₹246.73
-27.22%
100 REN
₹359.13
₹493.46
-27.22%
500 REN
₹1,795.64
₹2,467.28
-27.22%
1,000 REN
₹3,591.29
₹4,934.56
-27.22%

Today vs. 1 year ago

Amount
Today at 3:52 am
1 year ago
1Y Change
0.5 REN
₹1.80
₹2.74
-34.43%
1 REN
₹3.59
₹5.48
-34.43%
5 REN
₹17.96
₹27.38
-34.43%
10 REN
₹35.91
₹54.77
-34.43%
50 REN
₹179.56
₹273.84
-34.43%
100 REN
₹359.13
₹547.68
-34.43%
500 REN
₹1,795.64
₹2,738.42
-34.43%
1,000 REN
₹3,591.29
₹5,476.83
-34.43%

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