Ren is an open protocol that enables the permissionless and private transfer of value between any blockchain
24h Trade Volume
All-Time-High (ATH) Price
Ren (REN) is a cryptocurrency token generated on the Ethereum blockchain.The total supply of Ren that will ever be issued is 1.00 Billion tokens, and the current supply of REN in circulation is 885.41 Millions tokens.
Current Ren price is $ 0.234 moved up to +0.83% for the last 24 hours.
All time high (ATH) price of Ren reached $ 0.596 on 1 Sep 2020 and fallen -60.7% from it.
Ren's share of the entire cryptocurrency market is 0.06% with the market capitalization of $ 207.32 Millions.
Ren’s 24 trading volume is $ 25.73 Millions. It is trading on 38 markets and 24 Exchanges the most active of them is Binance.
Ren Price 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.
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 Performance USD
|24H||$ 0.00194||+0.83%||$ 0.258||$ 0.225|
|7D||-$ 0.0348||-12.9%||$ 0.269||$ 0.164|
|1M||-$ 0.183||-43.9%||$ 0.596||$ 0.164|
|3M||$ 0.0849||+56.8%||$ 0.596||$ 0.135|
|6M||$ 0.196||+509.6%||$ 0.596||$ 0.0381|
|YTD||$ 0.203||+660.6%||$ 0.596||$ 0.0276|
|1Y||$ 0.196||+506.5%||$ 0.596||$ 0.0276|
What is 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.