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Ren REN

Ren Price (REN)
$0.0730
1.10% Buy REN Now

0.0000187 ETH

0.00000106 BTC

Buy REN Now
Low: $0.0700
High: $0.0767
24h
Market Cap
$72,945,919
1.10%
Fully Diluted Market Cap
$73,009,620
1.10%
Volume
24h
$22,075,114
53.89%
Volume / Market Cap
0.3026
Circulating Supply
999,127,500 REN
99.91%
Max Supply
1,000,000,000
Total Supply
999,999,633

Ren (REN) Social Signals & Traffic Tracker

X Stats
Visit Twitter

Followers

0.11%

Joined at Aug 04, 2017

Following

0

Tweet count

1,219

0.00%

Ren reddit
Reddit Stats

Subscribers

-

Subreddit type

-

Moderators

-

Currently, official Ren (REN) Reddit Stats account doesn’t exist or wasn’t submitted. 🔆

Ren telegram
Telegram Stats
Visit Telegram

Members

0.26%

Title

Ren

Ren traffic
Website Traffic
Visit Website

Website Rating (DR)

70 / 100

0.00%

Ahrefs Rank

119,539

0.38%

Organic Traffic (mo.)

0

Ren github
GitHub Organization
Visit GitHub

Public repos

Created at Nov 13, 2018

Type

Organization

Ren github
GitHub Public Repository

Stars

-

Watchers

-

Forks

-

Language

-

Currently, official Ren (REN) GitHub Public Repository doesn’t exist or wasn’t submitted. 🔆

These are the project's quantitative metrics of its Organizational GitHub Public account that can be used to trace regular or artificial development activity & growth within the project.

These are the project's quantitative metrics of its official GitHub Public Repositories that can be used to trace regular or artificial development activity, growth & popularity of the project.

These are the project's quantitative metrics of its official Telegram account that can be used to trace regular or artificial Social activity & growth within the project.

These are the project's quantitative metrics of its official X account that can be used to trace regular or artificial Social activity & growth within the project.

These are the project's quantitative metrics of its official Reddit account that can be used to trace regular or artificial Social activity & growth within the project.

These are the project website's metrics based on Ahrefs Rank. They're used to trace website activity & growth within the project. DR (Domain Rating) metric is a sign of the project's website reputability that is ranked from 0 to 100 (the higher the rank, the better reputability). Organic Traffic - is a metric of how many monthly users visit the project's website via search engines. All these metrics are used for determining active or passive projects despite the artificial hype.

Followers: 124,650

Members: 6,241


Live REN Price Analysis

The current real time Ren price is $0.0730, and its trading volume is $22,075,114 in the last 24 hours. REN price has grew by 1.10% in the last day, and increased by 22.10% in the last 7 days. It’s important to note that current Ren market capitalization is $72,945,919, and the maximum supply is 1,000,000,000 REN coins. Talking about circulating supply, REN has 999,127,500 coins. Currently, Ren rank on the market is #428.

Ren price today is 96.00% below all time high, and it is 371.73% above all time low.

All data and prices are updated in real-time. The most active and popular exchanges for buying or selling REN are Binance, Kucoin & Kraken. Find more crypto exchange options on our Crypto Exchange Tracker. The most secure hardware wallets for keeping your cryptocurrency safe are Ledger and Trezor.

What is Ren?

The Ren token, or REN, is a utility token native to the Ren crypto project. The latter is a permissionless protocol enabling transfers between different blockchains.

REN is based on the ERC-20 token standard and has several uses. 

Initially, the core function of the Ren token was to cover fees that were paid out as rewards to darknodes. However, this changed after the project underwent a major rebranding process. Now REN is used as a bond for operating darknodes.

The Ren token was launched via an Initial Coin Offering that was split into 2 stages: the private sale and the crowdsale. The private sale was initiated in January of 2018, while the crowdsale started a month later, in February of 2018. 

During the ICO events, Ren managed to sell 60.2% of all Ren coins and raise around 34,000,000 US Dollars.

There is a total supply of 1,000,000,000 Ren tokens. They have been distributed as follows:

  • 60.2% - ICO;
  • 19.9% - Reserve;
  • 9.9% - Core Team;
  • 5% - Early Partners;
  • 5% - Community Development.

The native tokens of the Ren Protocol can’t be mined. This means users can only purchase the token via supported exchanges.

With the tool in the section above, you can have a better look at the REN price history and the current Ren price.

What are the Main Features of Ren?

The Ren Protocol is a completely decentralized trading pool powered by darknodes - a global network of computers. It’s deployed on the Ethereum blockchain.

As discussed in the What is Ren section, the protocol allows the transfer of value across multiple blockchains. The protocol itself is quite complex as it can be utilized in various ways, such as facilitating multi-chain token transfers or enabling interoperability for DeFi projects.

Moreover, the Ren Protocol enables the use of Bitcoin on the Ethereum blockchain. This is made possible by another native token of the Ren Protocol - renBTC, which is pegged to BTC on a 1:1 ratio.

One of the main components of the Ren Protocol is RenVM - a virtual machine mainnet, whose main responsibility is to complete transactions while maintaining the confidentiality of the information. 

Darknodes are part of a decentralized custodian system and are the backbone of RenVM. To put it simply, darknodes represent storage space that’s provided by a network of physical computers worldwide. There is a limited number of computers within a darknode network, which stands at 10,000.

Ren has been audited by ChainSecurity, Consensys Diligence, and Trail of Bits in terms of smart contracts, hyperdrive, and RZL MPC. These reports are publicly available for anyone to review.

Who Developed Ren?

The Ren crypto project was launched in 2017. It’s a Singapore-based company co-founded by Taiyang Zhang and Loong Wang.

He and Loong Wang received their education from the Australian National University. The duo worked together at Neucode before co-founding Ren. Their newest project is Talo Labs.

Taiyang Zhang served as the CEO of Ren from its inception until late 2021 when he stepped down from the CEO position. However, he hasn’t completely left the project and now works as an advisor.

Ren was not the first company co-founded by Taiyang Zhang. His other projects are KeeperDAO and Virgil Capital, both of which are based on blockchain technologies.

Loong Wang is the CTO of Ren. Prior to co-founding the project, he worked as a software developer.

At first, Ren was introduced to the public under a different name - Republic Protocol. In 2019 the project went through a complete rebranding process and was reintroduced as the Ren Protocol.

Some of the project's investors include major companies in the crypto world such as FBG Capital, Huobi Capital, Kenetic Capital, and Polychain Capital.

Interested? Make sure to do your research before going any further. You can start by checking out the Ren price in the above section.

What's Ren trading volume in the last 24 hours?

REN has a trading volume of $22,075,114 in the last 24 hours.

What's Ren highest price ever?

REN has a highest price of $1.83, which was reached on Feb 20, 2021 (3 years 3 months ago).

What's Ren lowest price ever?

REN has a lowest price of $0.0155, which was reached on Nov 27, 2018 (5 years 6 months ago).

What are the best exchanges for buying and selling REN?

Currently, the most active and dominating exchanges for buying and selling Ren are Binance, Kraken & Kucoin. The most popular Ren trading pairs are REN/USDT (on Binance ), REN/USDT (on Huobi Global ), REN/USDT (on Gate.io ). Head to the Crypto Deal Directory to access custom & exclusive discounts, vouchers and welcome bonuses from the most popular exchanges.

What are the safest hardware wallets for keeping REN?

According to an in-depth review process and testing, Ledger and Trezor are one of the safest and most popular hardware wallet options for keeping Ren. For exclusive discounts and promotions on best crypto wallets, visit Crypto Deal Directory.

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Current market Price of a specific cryptocurrency.

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The cryptocurrency's market Price changes in percent within the last 24 hours (1 day).

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The highest historical cryptocurrency value.

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The lowest historical cryptocurrency value.

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Market Capitalization is the overall value of all coins/tokens that have been mined or issued until now and are in circulation (not locked). It's similar to the stock markets' Free-Float Capitalization.

Market Capitalization = Circulating Supply x Current Price.

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Market Capitalization is the overall value of all coins/tokens that have been mined or issued until now and are in circulation (not locked). It's similar to the stock markets' Free-Float Capitalization.

Market Capitalization = Circulating Supply x Current Price.

Learn this metric

FDMC is the Market Cap if the Maximum Supply of a coin/token was entirely in circulation.

FDMC = Max Supply x Current Price.

Note: if Maximum Supply is not available or limitless, Total Supply is used to calculate the value. FDMC will be undefined and marked as "--" if no form of Supply is available.

Learn this metric

FDMC is the Market Cap if the Maximum Supply of a coin/token was entirely in circulation.

FDMC = Max Supply x Current Price.

Note: if Maximum Supply is not available or limitless, Total Supply is used to calculate the value. FDMC will be undefined and marked as "--" if no form of Supply is available.

Learn this metric

It is a quantitative metric calculating how many individual units of specific cryptocurrency coins/tokens were traded (bought & sold) within the last 24 hours. It's a direct cryptocurrency's supply & demand indicator, and is purely related to its market price.

Learn this metric

It is a quantitative metric calculating how many individual units of specific cryptocurrency coins/tokens were traded (bought & sold) within the last 24 hours. It's a direct cryptocurrency's supply & demand indicator, and is purely related to its market price.

Learn this metric

The current cryptocurrency Market Capitalization Dominance among all other cryptocurrencies in the market.

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The ratio of Volume and Market Capitalization values.

The ratio of Volume and Market Capitalization values.

Publicly circulating amount of specific cryptocurrency coins/tokens that were mined or issued to date, and are not locked/staked (are available to be traded publicly).

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Verified Data

Ren project's Circulating Supply has been verified and is equal to:

Circulating Supply

999,127,500 REN

The absolute theoretical maximum number of coins/tokens that is coded and will ever exist in the cryptocurrency's lifetime. Similar to stock market's Fully Diluted Shares.

Note: Max Supply will be undefined and marked as "--" if project owners did not verify / provide any data.

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The quantity of all coins/tokens that have ever been issued (even if the coins are locked), minus all coins/tokens that have been removed from circulation (burned). The Total Supply is similar to stock market's Outstanding Shares.

Total Supply = All Issued Coins - Burned Coins.

Note: Total Supply will be undefined and marked as "--" if project owners did not verify / provide any data.

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