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Ren

Ren REN Price $ 0.0726

Rank: 565

1052 Watchlists

DeFi

REN Price

0.0726
15.9%
(-$ 0.0138)
Price Range
LowHigh
$ 0.0672$ 0.0873

General Info

Contracts/Explorers:

Explorers

Tags (Sub-Categories):

#Token

Funds and Backers

Wallets

No wallets found yet

Description

Ren is an open protocol that enables the permissionless and private transfer of value between any blockchain.

Ren (REN) Chart

The Ren to USD chart is designed for users to instantly see the changes that occur on the market and predicts what will come next.

REN to USD Converter

Ren (REN)REN

ICO

2 Feb 2018

Raised

$ 4.83M

Price:

$ 0.0561

ROI:

1.29x  +29.4%

Platform:

N/A

ATH ROI:

32.45x  +3,145%

REN Price Statistics

leaderboard

Market Cap

$ 72.58M

FDV

$ 72.58M

ATH Market Cap

$ 1.60B

24 Trade Vol.

$ 16.46M


Vol. (24h) / MCap

0.227

Max Supply

REN 1,000,000,000

Total Supply

REN 1,000,000,000

Circulating Supply

REN 1.00B

(100% of Max Supply)

Listing Date

21 Feb 2018

ICO Price

$ 0.0561

2 Feb 2018

ICO ROI

29.4%

1.29x

All Time High

$ 1.82

20 Feb 2021


All Time Low

$ 0.0155

27 Nov 2018


From ATH

96%

From ATL

369.2%

Ren Price Analysis

What is Ren (REN)?

The REN token is used as a bond to run a Darknode, which powers the sMPC network (RenVM).

The decentralized network of Darknodes is permissionless, but to prevent the forging of a large number of identities a good behavior a bond of 100,000 REN tokens is required in order to register and run a Darknode. This prevent malicious adversaries from running an unbounded number of Darknodes and overwhelming the network with misbehaving Darknodes.

This is similar to the way that Proof of Work uses computational work to restrict block production, or the way that Proof of Stake uses staked tokens to restrict block production.

For every Darknode that you register, you will need to acquire 100,000 REN and be prepared to bond it into an Ethereum smart contract. This bond will be returned after the Darknode is deregistered.

Darknodes (and those who run them) earn rewards (in BTC, ETH, ZEC, DAI, and ERC-20) for contributing to the Network.

Ren Price Today

Ren's current price is $ 0.0726, it has dropped -15.9% over the past 24 hours.

Ren's All Time High (ATH) of $ 1.82 was reached on 20 Feb 2021, and is currently -96% down.

The current circulating supply of Ren is 1.00 Billion tokens, and the maximum supply of Ren is 1.00 Billion.

Ren’s 24 hour trading volume is $ 16.46 Million.

Ren's current share of the entire cryptocurrency market is 0.00%, with a market capitalization of $ 72.58 Million.

You can find more details about Ren on its official website and on the block explorer.

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