Ren (REN)

€ 0,07397

-12,25 % € -0,00906

Ren Price in Euros

(REN to EUR)

€ 0,07397

Ren Volume

(24h)

€ 16.96 M

Market Cap

(Ren)

€74.39 M
BTC

What is Ren

Ren is a trustless, permissionless platform where users are allowed to move their tokens through various blockchains. Its core product is RenVM, a DeFi or decentralized finance project that combines interoperability and privacy by giving developers the freedom to bring Bitcoin or cross-chain assets into the Ethereum blockchain, thereby allowing Bitcoin to work in decentralized finance.

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How does Ren work?

A user who puts Bitcoin or any cross-chain coin into a smart contract will be incentivized with an equivalent Ethereum blockchain ETH (or Ether). The user can then proceed to using Bitcoin (or whatever cryptoasset he prefers) to access DeFi products in the Ethereum suite list straightaway; no need to trade the Bitcoin anymore.

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How to buy Ren?

Ren’s cryptocurrency or token is REN and it is available on crypto exchange platforms like Coinmerce. If you want your own REN, all you need to do is register or sign up for free and you’ll be ready to shop using your credit card or whatever payment method you prefer.

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How to buy Ren?

You want to buy Ren? You can buy Ren using Creditcard or SEPA at Coinmerce. Once you are logged in, you will see "Coins" in the top menu where you click on. Now you come to a page with all crypto coins that Coinmerce offers. If you don't see Ren, use the search function to search for Ren and click on the name. You can indicate for how many euros you want to buy Ren in the right window. Below is shown how much Ren you get for this. Have you entered the correct amount? Then click on "Buy". You can also execute a "Stop limit order" at Coinmerce. Our system will automatically buy Ren when the price of Ren reaches your entered value. You can also execute a repeating order. Do you want to buy Ren with another crypto currency? Then you go to the cryptocurrency you want to pay with and click on "Swap" in the right window to indicate that you want to receive Ren.

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About Ren

Founded in 2017 by Virgil Capital crypto hedge fund cofounder Taiyang Zhang, Ren was originally known as Republic Protocol. In January 2018, Zhang announced that the protocol is renamed Ren and described it as a decentralized dark pool. Its virtual machine and core product, RenVM, are powered by machines that are known as Darknodes. These Darknodes power the machine by providing the network with storage capacity, computational power, and bandwidth. As a result, users can conveniently move their Bitcoins and other cryptoasset through different blockchains. REN, the native Ren token, is used in two ways: for paying bonds to smart contracts (or Registrars) managing Darknodes in the network, and as payment for all RenVM orders trading fees. Trading REN started in the first quarter of 2018 (February) and registered its high three months later (May) at a price of more than $0.13.

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Founder Taiyang Zhang
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Founded 2017
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Website Website
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Network
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Location Singapore
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Rank 495
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Market Cap 74.39 M
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Trading volume 16.96 M
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Maximum coins 1000 M
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Circulating 999.13 M
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