Trade Ren today
Create a Coinbase account to buy and sell Ren on the most secure crypto exchange.
Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
Ren is on the rise this week.
The price of Ren has risen by 5.98% in the past 7 days. The price increased by 8.93% in the last 24 hours. In just the past hour, the price grew by 0.33%. The current price is $0.1231 per REN. Ren is 93.27% below the all time high of $1.83.
The current circulating supply is 999,037,500.362 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.
What Is REN?
Ren (REN) is an -based that is used to power Ren's open for transferring cryptocurrencies between . Ren aims to bring popular assets such as Bitcoin and Zcash to blockchains such as Ethereum, allowing them to participate in a multichain (multiple blockchains) decentralized finance ecosystem. Ren's vision is to enable a world of applications that preserve privacy, a world where all applications are run in secret, maintaining the privacy of all users and data.
Ren is an ecosystem used to build, deploy, and run general-purpose, privacy-preserving applications that use zk-SNARK. (zero-knowledge proof) is a protocol that allows one party to prove that they possess certain information without revealing that information to anybody else. The ecosystem also consists of a multiparty protocol that is secure. The protocol enables all types of applications to run in a decentralized, trustless, and fault-tolerant environment similar to that of blockchains. The distinguishing feature is that all application inputs, outputs, and states are kept secret, even from network participants.
REN's Platform has three layers:
Zero-Knowledge Layer: A zero-knowledge transaction layer makes it possible to store and transfer tokens without exposing wallet balances or transaction amounts.
Interoperability Layer: An interoperability layer extends zero-knowledge transactions and makes it possible to execute trustless trading tokens between different blockchains and to bridge (move) tokens from one blockchain to another.
Dark Pool Layer: A dark pool layer allows users to open orders without revealing the order's price or volume to anyone (including the exchange itself). Users can then resolve order matches in secret using zero-knowledge transactions.
Moreover, REN aims to introduce development tools as the REN ecosystem grows and core components are completed. These tools can aid the open development of private applications (of any type) and pave the way for an ecosystem of privacy.
Ren's core product , a virtual machine, brings interoperability to decentralized finance (). RenVM aims to be a decentralized and trustless custodian that holds users' digital assets as they move between blockchains. are machines that enable a business to run an operating system that behaves like a completely separate computer in an app window on a desktop.
can utilize REN to lock Bitcoins (or other assets) in a smart contract and receive the equivalent of the value of Ether on the Ethereum blockchain in exchange. From there, Bitcoin owners can use Ren to gain access to Ethereum's suite of decentralized finance (DeFi) products without selling their Bitcoins or transferring their assets across blockchains.
A can even participate in Ethereum's DeFi ecosystem, including lending and borrowing platforms like or , by using these Ethereum tokens. Meanwhile, the user's Bitcoins are locked in Ren software. If a user wants access to their funds, they must use the REN cryptocurrency, which is required to pay nodes for operating and maintaining the network.
History of Ren (REN)
Software developers and REN in 2017. The platform, which was previously known as Republic Protocol, was renamed Ren in 2019. Taiyang is currently a venture partner at Alameda Research. Taiyang Zhang holds two positions currently—as advisor at Ren and founding member at KeeperDAO.
Loong Wang is the CTO (chief technology officer) of Ren. Loong has attended the Australian National University in the past. Some other important of the team are Susruth Nadimpalli (blockchain developer), Noah I (software developer), Yunshi Sun (software developer), etc.
The ICO (initial coin offering) was divided into two stages. The private sale occurred in January 2018, and the crowd sale began and ended on February 3, 2018. In less than 24 hours, the team raised the hard cap of 34 million USD. FBG Capital, Polychain Capital, Signum Capital, HyperChain Capital, Huobi Capital, and others were among the largest investors.
How Are New Tokens Created?
REN is developed on RenVM, a decentralized virtual machine that performs decentralized operations without sharing information with the users or with darknodes, which power the platform. RenVM replaces third parties and provides absolute secrecy and correctness.
are an important component of the REN ecosystem. Darknodes are the physical machines that power RenVM and provide storage space for the system. The total number of darknodes is 10,000. Darknode owners are paid fees for their services. Any user can connect to the network and create a darknode. To do so, users must stake 100,000 REN tokens as collateral, required to avoid the forging of a large number of identities.
How Many REN Tokens Are There?
The of the REN token is 1,000,000,000 (1 billion), and the token is based. The tokens were in the following way: 60.2% were sold during presale and main sale, 19.9% remained as a reserve, 9.9% were held by founders, team, and advisors, 5% were committed to an early partnership, and 5% were intended for community development and partners.
How to Buy REN Tokens
Assets with the biggest change in unique page views on coinbase.com over the past 24 hours.
Ren on social media.
Ren was mentioned in 95 out of 1,396,672 social media posts on Twitter and Reddit on Oct 02, 2022. 87 unique individuals are talking about Ren and it is ranked #504 in most mentions and activity from collected posts.
Powered by LunarCrush
Powered by LunarCrush
What is the current price of Ren?
The price of 1 Ren currently costs $0.12.
What is the market cap of Ren?
The current market cap of Ren is $122.88M. A high market cap implies that the asset is highly valued by the market.
What is the all time high of Ren?
The all-time high of Ren is $1.83. This all-time high is highest price paid for Ren since it was launched.
What is the 24 hour trading volume of Ren?
Over the last 24 hours, the trading volume of Ren is $39.46M.
What other assets are similar to Ren?
How many Ren are there?
The current circulating supply of Ren is 999 million.
What is the typical holding time of Ren?
The median time that Coinbase customers hold Ren before selling it or sending it to another account or address is 34 days.
What is the relative popularity of Ren?
Ren ranks 64 among tradable assets on Coinbase. Popularity is currently based on relative market cap.
What is the current trading activity of Ren?
Currently, 83% of Coinbase users are buying Ren. In other words, 83% of Coinbase customers have increased their net position in Ren over the past 24 hours through trading.
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.