Market Cap
$27,472,275.0
Fully Diluted Valuation
$27,680,980.0
24 Hour Trading Vol
$1,468,889.0
Circulating Supply
1,000,000,000.0
Total Supply
1,000,000,000.0
Max Supply
1,000,000,000.0
Ren Price
$0.028
24h Range
$0.026 - $0.037
Percent Change 1h
-0.1%
Percent Change 24h
-4.56%
Percent Change 7d
-4.63%
All-time high
$1.80
All-time low
$0.015
1D
7D
1M
1Y
All
Ren (REN) is a decentralized protocol that facilitates interoperability between different blockchains, allowing for the seamless transfer of assets across various networks. Launched in 2018, Ren aims to increase liquidity in the decentralized finance (DeFi) ecosystem by enabling users to move assets like Bitcoin, Bitcoin Cash, and Zcash to Ethereum and other compatible blockchains without the need for intermediaries. The protocol uses a network of darknodes—decentralized nodes that are responsible for processing transactions and providing privacy—ensuring that users can maintain anonymity while transferring their assets.
Ren was co-founded by Taiyang Zhang, who is the CEO, and key team members including the likes of Anton Bukov, who is the CTO. The team has a strong background in computer science and blockchain technology, with experience in developing decentralized applications and protocols. The project has garnered significant attention and partnerships, contributing to its growth and the expansion of its use cases within the DeFi space.
Ren operates on a unique mechanism involving darknodes, which are incentivized to provide liquidity and facilitate cross-chain transactions. Users can mint a representation of their assets on the Ren network by locking their original assets in a smart contract. This process involves the following steps:
This process utilizes zero-knowledge proofs to ensure privacy and security, allowing users to transfer assets without revealing their identities.
Ren has several key use cases in the DeFi space, including:
To keep your Ren assets secure, consider the following best practices:
By following these practices, users can minimize the risk of losing their Ren assets and ensure a safer experience in the decentralized finance ecosystem.
Investing in Ren (REN) or any other cryptocurrency involves several steps:
1. Choose a Reliable Exchange: Select a reputable cryptocurrency exchange platform like Coinbase, Binance, or Okx. These platforms allow you to buy, sell, and trade cryptocurrencies.
2. Create an Account: Sign up for an account on your chosen exchange by providing the necessary personal information and completing the verification process.
3. Fund Your Account: Deposit funds into your exchange account using various methods like bank transfers, credit/debit cards, or wire transfers.
4. Buy Ren: Once your account is funded, you can purchase Ren directly from the exchange. Choose the desired amount and complete the transaction.
Botsfolio is a platform that automates cryptocurrency investments using trading bots. To invest in Ren using Botsfolio, follow these steps:
Botsfolio allows you to automate your cryptocurrency investments, potentially saving time and effort while optimizing your trading strategies.
Ren (REN) is currently trading at $0.028 and exhibits good potential for future growth. Check the latest Ren (REN) price prediction.
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