Ren (REN) Price
$0.00765 0.37%
Latest Updates
Updated at 01:24Market cap
$7,644,004.69
Market rank
#1250
Volume 24H
$614,091.25 3.87%
Price change 24h
-$0.00003 0.37%
Price change 7d
-$0.00073 9.48%
What about Ren?
Ren's blockchain is designed to be interoperable with others, allowing users to transfer currencies between different networks. The Ren software makes it easy to mint so-called wrapped tokens — ERC-20 tokens that are equivalent to your favorite cryptocurrencies. The process can be carried out in a 1:1 ratio with any of the popular coins, such as Bitcoin (BTC), Bitcoin Cash (BCH), Zcash (ZEC), or others. The project's native token, REN, is used to collateralize loans and earn interest on deposited funds.
Initially, Ren was called the Republic Protocol. This project attracted $34 million during the ICO in 2018.
REN has a fixed supply cap of 1,000,000,000 tokens. More than 60% were sold to investors during the coin offering.
Being one of the most popular Ethereum-based decentralized applications, Ren is aiming to develop in the DeFi space. Its token, REN, is an ERC-20 token that is available for staking.
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Trending
24h top price changes+$0.35175 54.94%
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+$0.00854 11.13%
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