Currencies
2659
Market Cap
$ 517.46B
-1.05%
24h Spot Volume
$ 24.91B
-37.4%
BTC Dominance
60.41%
+0.57%
Ren [REN]
 
Rank: 57
Token: Ethereum
DeFi
USD 0.307
0.44
BTC 0.0000182
1.52
ETH 0.000604
1.50

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

Market Cap

$ 270,601,616
Ƀ 16,063
ATH: $ 525,505,633 

24h Trade Volume

$ 23,184,223
Ƀ 1,376
REN 75,494,182

Supply

Circulating:
REN 881,153,019(88.12%)
Total:
REN 1,000,000,000
Max:
REN 1,000,000,000

All-Time-High (ATH) Price

$ 0.596 (01 Sep 2020)
Ƀ 0.0000495 (01 Sep 2020)
Ξ 0.00132 (19 Aug 2020)
From ATH: -48.5%

Ren (REN) is a cryptocurrency token generated on the Ethereum blockchain.

The max. supply of Ren that will ever be issued is 1.00 Billion tokens, and the current supply of REN in circulation is 881.15 Millions tokens.

Current Ren price is $ 0.307 moved up to +0.44% for the last 24 hours.

All time high (ATH) price of Ren reached $ 0.596 on 1 Sep 2020 and fallen -48.5% from it.

Ren's share of the entire cryptocurrency market is 0.05% with the market capitalization of $ 270.60 Millions.

Ren’s 24 trading volume is $ 23.18 Millions. It is trading on 49 markets and 30 Exchanges the most active of them is Binance.

Find more details about Ren cryptocurrency at the official website and on the block explorer.

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 Performance USD

PeriodChangeChange (%)HighLow
24H$ 0.00136+0.44%$ 0.328$ 0.288
7D-$ 0.0264-7.91%$ 0.411$ 0.288
1M$ 0.0273+9.74%$ 0.411$ 0.232
3M-$ 0.135-30.5%$ 0.596$ 0.164
6M$ 0.217+240.0%$ 0.596$ 0.0821
YTD$ 0.276+897.6%$ 0.596$ 0.0276
1Y$ 0.267+665.3%$ 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.