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Ren RENPrice $ 0.00575
Rank: 1377
REN Price
General Info
Contracts/Explorers:
Ethereum
Funds and Backers
Ren (REN) Chart
REN to USD Converter
RENICO
2 Feb 2018
Raised
$ 4.83M
Price:
$ 0.0561
ROI:
0.1x -89.8%
Platform:
N/A
ATH ROI:
32.45x +3,145%
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 $ 0.00575, it has dropped -1.55% over the past 24 hours.
Ren's All Time High (ATH) of $ 1.82 was reached on 20 Feb 2021, and is currently -99.7% 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 $ 420.86 Thousands.
Ren's current share of the entire cryptocurrency market is 0.00%, with a market capitalization of $ 5.75 Million.
You can find more details about Ren on its official website and on the block explorer.
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