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Ren

Ren REN Price $ 0.0469

Rank: 593

1116 Watchlists

Blockchain Infrastructure

REN Price

0.0469
0.66%
(-$ 0.000311)
Price Range
LowHigh
$ 0.0463$ 0.0483

General Info

Contracts/Explorers:

Explorers

Tags (Sub-Categories):

#Token

Funds and Backers

Description

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

Ren (REN) Chart

Ren price Index provides the latest REN price in US Dollars , BTC and ETH using an average from the world's leading crypto exchanges.

REN to USD Converter

Ren (REN)REN

ICO

2 Feb 2018

Raised

$ 4.83M

Price:

$ 0.0561

ROI:

0.84x  -16.3%

Platform:

N/A

ATH ROI:

32.45x  +3,145%

REN Price Statistics

leaderboard

Market Cap

$ 46.53M

Fully diluted value

FDV

$ 46.53M

ATH Market Cap

$ 1.60B

24 Trade Vol.

$ 5.21M


Vol. (24h) / MCap

0.112

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

17.1%

0.829x

All Time High

$ 1.82

20 Feb 2021


All Time Low

$ 0.0155

27 Nov 2018


From ATH

97.4%

From ATL

200.8%

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 $ 0.0469, it has dropped -0.66% over the past 24 hours.

Ren's All Time High (ATH) of $ 1.82 was reached on 20 Feb 2021, and is currently -97.4% 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 $ 5.22 Million.

Ren's current share of the entire cryptocurrency market is 0.00%, with a market capitalization of $ 46.94 Million.

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

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