|24h High||24h Low||All-Time High||ATH Date||All-Time Low|
|Country of Origin||SG|
|Genesis Date||25th July 2021|
|Max Coin Supply||1,000,000,000|
REN (ren) is a digital asset ranked as #147 in BitCourier Cryptocurrency List with market capitalisation of £214.31 M. Pound Sterling. In the last 24 hours REN's trading volume exceeded £12.81 M.
Current price - £0.2432 GBP. Exchange rate ren to USD is $0.33 for one coin.
During the last calendar year REN price was volatile and had both periods of growth and decline. In particular in the last 7 days the price changed by 9.44%. (ren)'s peak price (All-time high) was £1.28 per coin, this point was reached on 20th February 2021 . From that moment till today REN has lost -81.07% in value.
Ratings by crypto community, developers and liquidity are 35.680, 30.213, 55.976.
REN (republic protocol) – is a Singapore-based open-source protocol and decentralized finance (DeFi) project. Ren's core objective is to provide a secure, decentralized, and easy transfer of crypto across blockchains. It was initially founded as the Republic Protocol in 2017 by Taiyang Zhang and Loong Wang. It seeks to decentralize Over-the-Counter (OTC) trading through privacy, interoperability, and secure protocol.
This project relies on RenVM. RenVM is a decentralized virtual machine that replicates thousands of machines to achieve cross-chain lending, collateralization, exchanges, among other functionalities. Fragmentation of orders in the RenVM is made possible by the Shamir Secret Sharing Scheme algorithm. Ren Token is the native utility token that allows users to participate in the Dark Pool by paying bonds to the Registrar. Besides, it acts as an incentive to node operators when matching orders.